Falconbridge shortens summer shutdown period
Claiming that a planned 10-week shutdown at its Sudbury operations would have a negligible impact on soaring nickel inventories, Falconbridge has shortened the summer shutdown to two weeks. “Falconbri…
News
Roadheader in use at New Bousquet No. 1 — Lac testing
The Bousquet No. 1 gold mine might be considered the poor cousin of the three mines owned and/or operated by Lac Minerals (TSE) in the Malartic area of Quebec. The Doyon, owned 50% each by Lac and Cam…
Isotopic lab receives grant
A $110,000 provincial grant will enable Toronto’s Royal Ontario Museum (ROM) to continue researching the dating of rocks and minerals. The ROM’s Jack Satterly Geochronology Lab, which specializes in i…
Arauco acquires copper properties
Junior Arauco Resources (VSE) has broadened its South American portfolio by acquiring five copper properties covering 185 sq. km. in Argentina. Arauco already has 22 properties in southern Chile, incl…
Guigues Twp. pipe yields macro diamond for KWG
Montreal-based KWG Resources (ME) has recovered a small macrodiamond from its kimberlite pipe in Guigues Twp., near Notre-Dame-du-Nord, Que. The colorless diamond, measuring 2x1x0.5 mm, was extracted …
PRODUCER PRICES (April 05, 1993)
ALUMINUM: MW U.S. market US53.75-54.50 cents per lb. (Mar. 26, 1993). ANTIMONY: MW New York dealer US78-82 cents per lb. (Mar. 11, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
Control of Scarlett sold to Ameri
Ameri Minerals, a private company, has agreed to buy 1.94 million or 60% of the outstanding shares of Scarlett Minerals (ME) from Noramco Mining (TSE) and Gothic Resources (ME). When the transaction i…
Noranda to sell Louvem shares
The controlling shareholder of Societe Miniere Louvem (TSE), Noranda Minerals, wants to sell its block of 11,474,000 Louvem shares to the highest bidder. In August 1989, Noranda acquired an interest i…
Eastern Stone raises Belrose interest
Eastern Stone Products (ASE) is set to acquire a further 25% interest in Belrose Minerals, bringing its total interest to 75%. In exchange for the interest, Belrose will be issued 500,000 shares of Ea…
Rio Algom counts on copper earnings
By launching a major project in Chile, Rio Algom (TSE) has secured its future copper earnings, said President Colin Macaulay. The Cerro Colorado property, which is to reach full production in 1994, ha…
Tan Range, Mill-Ore to assess Tanzanian tailings project
Financing to assess the commercial viability of reprocessing gold tailings in Tanzania has been obtained by Tan Range Exploration (ASE). The Canadian Industrial Development Agency (CIDA) has approved …
EDITORIAL PAGE — Hug a miner — “We want to be wanted.”
Such strange words to be uttered publicly by a mining type. But they were used by Alex Balogh, president and chief executive of Noranda Minerals, at a news conference announcing the Whitehorse Mining …