PEOPLE — BIGSTONE MINERALS
Guy Brusciano appointed president and director.
News
United Reef plans to sample Bamingui diamond concession
A systematic sampling program designed to outline reserves is scheduled to get under way on the Bamingui diamond concession in the Central African Republic later this month, says United Reef Petroleum…
PEOPLE — SOUTH ATLANTIC VENTURES (January 11, 1993)
Rene Tourigny appointed general manager of the Oracle Ridge project.
Gold price slides, other metals rebound
As gold prices plunged to a 7-year low, other metal prices continued to rebound from slumps experienced in mid-November. On Jan. 4, gold was fixed in London at US$328.25 per oz. in the afternoon sessi…
Challenging year ahead for Placer Dome
New at the helm of Placer Dome (TSE), President John Willson must contend with more than just weak gold prices. The former Pegasus Gold president replaced Tony Petrina, who resigned last summer after …
ODDS ‘N SODS — Aaro Aho the undaunted Finlander
I have met and worked with many geologists during my tenure in mining. These much-respected professionals possess many outstanding characteristics, not the least of which is determination. One geologi…
METALS MARKETS — Metals markets poised for recovery?
Industrial metals markets declined worldwide throughout most of 1992 but steadied near year-end and increasingly appear poised for recovery in 1993. Metal prices and stocks are at levels that should e…
STOCK MARKETS — Market steady despite news about gold,
Despite a dip in the price of gold and disappointing results from the group of Northwest Territories diamond explorers, the Vancouver Stock Exchange remained little changed during the week ended Jan. …
PRODUCER PRICES (January 11, 1993)
ALUMINUM: MW U.S. market US57-58 cents per lb. (Dec. 25, 1992). 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. (Jun. 11, 1992). CA…
BHP ratifies Sutton option
Mining giant BHP Minerals International recently agreed to take up an option on the Kabanga and Kagera concessions in Tanzania from Sutton Resources (VSE). Under the terms of the previously announced …
Galleon, BMR in Madison deal
In an effort to attract a third party to further develop the Madison gold-copper property near Butte, Mont., owners BMR Gold (VSE) and Galleon Mining (VSE) plan to consolidate the holding. Galleon rec…
LATIN AMERICA — Jordex evaluates Anglo project offer
Management of Jordex Resources (TSE) is evaluating an offer from Anglo American of South America (AMSA) to acquire a majority interest in the Loma de Hierro laterite nickel deposit in Venezuela. The d…