PRODUCER PRICES (February 15, 1993)
ALUMINUM: MW U.S. market US56-57 cents per lb. (Jan. 28, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CA…
News
Russian conference on industrial minerals
An international conference on industrial minerals will be held in Petrozavodsk, Russian Karelia, Sept. 7-14. English will be the language used at the conference. The meeting, arranged by the Russian …
LATIN AMERICA — Pacific Rim acquires Argentine option
An option on a polymetallic massive sulphide project in Argentina was recently acquired by Pacific Rim Mining (VSE). The property, known as La Colorada, covers 55,000 hectares and is accessible by roa…
Placer Dome eyes Stockade Mountain
A recent letter of intent sets the stage for a wholly owned unit of Placer Dome (TSE) to earn up to a 70% working interest in Carlin Gold’s (ASE) Stockade Mountain gold property in Malheur Cty., Ore. …
Drill program planned for Alabama property
Joint venture partners Orvana Minerals (TSE) and the U.S. subsidiary of Placer Dome (TSE) recently approved a US$150,000 exploration program for the Alabama Gold project in eastern Alabama. Placer can…
Western Int’l. options Arizona copper play
Western International Explorations (CDN) has optioned the Stray Elephant copper property in the Oro Fino mining district of Arizona, near the California border. Under the agreement, the company has an…
Spot prices at a glance (February 15, 1993)
Week’s Price (US) Change Gold* $328.70 $0.90 Silver* $ 3.71 + $0.04 Platinum* $367.75 + $8.15 Nickel** $ 2.72 + $0.10 Lead** $ 0.19 $0.00 Copper $ 1.01 $0.00 Zinc $ 0.49 $0.01 Courtesy of Scotiabank. …
Nunavut staking rush yields a microdiamond
Staking activity sprouted in a new area of the Northwest Territories recently, and one of the principal landholders has already found a tiny diamond. Focusing on a large area known to host lamproite p…
Focus on remediation
A short course, scheduled for March 21-22, will highlight advanced remediation technologies and case histories. Focus will be on solid and hazardous waste issues of the 1990s that involve the mining, …
Charges hurt Cyprus’ 1992 results
Special charges against 1992 earnings pushed Cyprus Minerals (NYSE) well into the red with a loss of US$333.6 million, or about US$8.46 per share. The loss resulted from special charges totalling US$4…
METAL PRICES — FREE MARKET (February 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 9 Feb. 8 Feb. 5 Feb. 4 Feb. 3 Copper 1562-1563 1559-1560 1534-1535 1538-1539 15…
New corporate look for South Atlantic
A recently completed debt swap and a private placement increases Adolf Lundin’s interest in South Atlantic Ventures (VSE) to 62.5%, or about 15.3 million shares. The company, along with 30% joint vent…