Naneco deal in the works
A letter of intent covering development of the Johnson Gulch gold deposit in South Dakota has been entered into by Naneco Resources (ASE) with a third party. The company says it would receive 50% of n…
News
PEOPLE — LA TEKO RESOURCES (July 20, 1992)
James Clucas appointed director.
Asarco workers sign new contract
Union employees at the Mission and Silver Bell mines in Arizona, copper smelters at El Paso, Tex., and Hayden, Ariz., and the copper refinery at Amarillo, Tex., ratified recently a new 3-year contract…
LETTERS TO THE EDITOR — Byers wrote for posterity
It was with some sadness that I recently learned of Dr. A.R. Byers’ death. I never met him face to face but I knew him well and respected him through his work. He completed a doctoral thesis in 1936 a…
GUEST COLUMN — Forecasting the future of gold
Through continuous work with both production-consumption and price statistics I had come to the conclusion that, at least for long-term projec tions, supply and demand on the one hand and price on the…
Curragh charged with Faro violations
Base metal producer Curragh (TSE) is facing charges under the Occupational Health and Safety Act after officials from the Yukon Workers’ Compensation Board paid a routine visit to the company’s Faro z…
Forum to focus on the environment
It’s a mouthful — The Second International Conference on Environmental Is sues and Management of Waste in Energy and Mineral Production — but with the heightened concerns over acid mine generation, …
METAL PRICES — FREE MARKET (July 20, 1992)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds ster ling per tonne) Date July 14 July 13 July 10 July 9 July 8 Copper 1310-1311 1301-1302 1294-1295 1332-133…
Royal Oak financing raises $12 million
Gross proceeds of $12 million were reported by Royal Oak Mines (TSE) from the recent sale of 7.27 million special warrants at $1.65 each. The special warrants were sold by First Marathon and ScotiaMcL…
Inco withdraws
Nickel-producer Inco (TSE) says it has withdrawn from negotiations concern ing its possible purchase (72% interest) in the Queensland Nickel joint ven ture in Australia. Inco was talking with a consor…
NEWS IN BRIEF (July 20, 1992)
Lord River Gold Mines Ltd. (LRD:VSE) has changed its name to Aquamin Resources. Inc. (AQN:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is Montreal Trust.
Jamestone options Bushveld prospects
A jointly owned subsidiary of International Platinum (TSE) and Swansea Gold Mines (CDN) has acquired options to buy three platinum group metal (pgm) projects in the Rustenburg area of South Africa. Th…