Con mine still on the block
Despite weak market conditions, Nerco (NYSE) is still considering the possible sale of its minerals subsidiary which owns and operates a number of precious metal mines, including the Con gold mine at …
News
FREE MARKET (November 30, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov. 24 Nov. 23 Nov. 20 Nov. 19 Nov. 18 Copper 1410-1411 1403-1404 1396-1397 1393-13…
Cyprus shuts down molybdenum mine
As a result of weak demand in the worldwide steel business, Cyprus Minerals (NYSE) recently announced a temporary shutdown of its Thompson Creek primary molybdenum mine in Idaho. The operation employe…
Red Lake costs hurt Dickenson
Higher costs at the Red Lake mine, lower realized gold prices and lower revenues at Havelock Lime contributed to a 82% drop in earnings at Dickenson Mines (TSE) for the first nine months of the year. …
OBITUARY — Cuthbert Dixon
Noted mining broker Cuthbert (Cuffy) Batten Dixon died of a heart attack on Nov. 22. He was 83. Born and educated in Cobalt, Ont., Dixon started as an underground miner at the Wright-Hargraves gold mi…
Second mineral agreement signed
The governments of Canada and British Columbia recently agreed to spend $10 million over five years to strengthen and diversify the western province’s mineral industry. British Columbia Mines Minister…
Minnova, Kerr test Troilus potential
If the Troilus gold property in northern Quebec gets the go-ahead, it will be one of Canada’s larger mine developments in recent years. It will be the largest gold producer in the Chapais-Chibougamau …
EXPLORATION ’92 — Argyle mine largest diamond producer
The world’s largest producing diamond mining project is the Argyle open pit mine in western Australia, 2,200 km northeast of Perth. Argyle, which produced 35 million carats in 1991, is 40% owned by As…
EXPLORATION ’92 — Hemlo Gold boosts production
Gold production increased to 378,000 oz., up 6% over the first nine months of 1991 because of higher output from the Golden Giant and Silidor mines, Hemlo Gold Mines (TSE). The company’s share of gold…
Compensation report cause for concern
Undeveloped mineral deposits in British Columbia could be expropriated by the provincial government for exploration costs over the last five years if the recommendations of a recent commission of inqu…
Land access rights focus of mineral outlook conference
The president of Westmin Resources (TSE), Walter Segsworth, speaking here at the recent 10th Mineral Outlook Conference, summed it up nicely: “Canada needs mining and mining needs land.” Segsworth spo…
LETTERS TO THE EDITOR — Lauding coverage of offshore
I would like to compliment The Northern Miner and the Southam Mining Group on their expanding coverage of global mining issues, especially projects elsewhere in the Americas. I have particularly enjoy…