News


NEWS IN BRIEF (September 14, 1992)

TSA Explorations Ltd. (VSE) has changed its name to Boron Chemicals International Ltd. with no consolidation of capital. The transfer agent is Montreal Trust.


U.S. REPORT — USMX extends Yankee life

Recent drilling results from the Yankee project have owner USMX (NASDAQ) predicting an extension to the mine’s life. The discovery is within the Yankee project near Ely, Nev., about two miles from the…


Greenhills coal mine reopens

A buyer will be sought for the Greenhills coal mine in British Columbia’s Elk Valley which reopened in early September after an agreement-in-principle was reached among the British Columbia government…


METAL PRICES — FREE MARKET (September 14, 1992)

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Sept. 8 Sept. 7 Sept. 4 Sept. 3 Sept. 2 Copper 1229-1230 NA 1251-1252 1246-1248 1245…


TSE SHORT POSITIONS (September 14, 1992)

Semi-monthly reports as of August 31, showed 30,372,811 shares of 582 issues compared with 28,509,127 shares of 579 issues on August 15. Larger individual positions included: Aber Res. 80,800, down 28…


Saskatchewan pipes get a second look

In 1988, Saskatchewan witnessed a preview of today’s diamond rush in the Lac de Gras area of the Northwest Territories. Encouraged by news of a diamond discovery and subsequent land grab by De Beers C…


U.S. REPORT — Glenbrook signs shipping deal

A 6-year, $26-million transportation agreement has been signed with Glenbrook Nickel Co. for the annual movement of about 700,000 tons nickel ore, Trimac Transportation reports. The ore will be shippe…


Kimberley pipes fuelled De Beers’ growth

The first reading of a De Beers (LSE) annual report by anyone unfamiliar with the business would be puzzling if not downright frustrating. How can a company that produces less than 8% of the world’s n…




Jennings addresses CIM audience

At a Sept. 24 luncheon, Christopher Jennings will address the timely question: “Will diamond mining in Canada become a reality?” The meeting is hosted by the Toronto Branch of the Canadian Institute o…


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