PEOPLE — AMERICAN MINING CONGRESS (February 22, 1993)
R. Green, Jr., George Mealey, and Nicholas Moros elected directors.
News
BOOKS IN REVIEW — Environmental guidelines from Berlin
Mining and the Environment — The Berlin Guideline. Published by Mining Journal Books, 60 Worship St., London, England EC2 A2HD. 180 pages. An international roundtable conference “Mining and Environme…
METAL PRICES — FREE MARKET (February 22, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1530-1531 1557-1558 1559-1560 1563-15…
Lac prospects offer reserve potential
Exploration work in 1992 indicates three projects have the potential for substantial impact upon company gold reserves, Lac Minerals (TSE) reports. At the Red Mountain property in northern British Col…
Pipeline dispute not included in gold Fields-Santa Fe deal
A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…
LATIN AMERICA — Corner Bay builds Mexican holdings
Through staking and property options, Corner Bay Minerals (TSE) has acquired a 3,474-hectare land position in the Chihuahua state of Mexico, not far from the Texas border. Corner Bay will map and samp…
Noranda reducing output of its zinc concentrate
Production of zinc concentrate will be reduced in 1993 by 40,000-45,000 tonnes of contained zinc because of the worldwide surplus of zinc concentrate, Noranda Minerals, a unit of Noranda (TSE), report…
New contract at David Bell
Workers at the David Bell gold mine, owned jointly by Teck (TSE) and Homestake (TSE), recently ratified a new 3-year collective agreement. Highlights of the contract include a 7% wage increase over th…
PEOPLE — CRYPTIC VENTURES (February 22, 1993)
Murray Pezim appointed chairman of the board; Naren Majithia appointed director.
LATIN AMERICA — Durango’s Barrancas region a potential new
Only in a few areas of Mexico is gold the major ore in the local economy. One of these areas is in Durango state, between the towns of Pueblo Nuevo and Jocuistle in a geological region known as “Barra…
LATIN AMERICA — Minera encounters mineralization
Widespread copper mineralization was encountered with grades of 1.5-2% dominantly copper oxide over widths of 20-60 metres at the Sierra Valenzuela property in northern Chile, Minera Rayrock (TSE) rep…
LATIN AMERICA — Great Basin in deal with Fischer-Watt
Nevada-based Great Basin Exploration & Mining recently signed a letter of intent to joint venture the Santa Lucia property owned by Fischer-Watt Gold (NASDAQ). The property is a 45.5-sq.-km concession…