Manitoba to proclaim new mining legislation
In an effort to streamline its mining legislation and create an attractive investment climate in the province, the government of Manitoba is expected to proclaim a new Mines and Minerals Act in 1992. …
News
Market booms triggered by intensity of exploration
Mining’s current slump once again testifies to the traditional cyclical nature of this feast or famine business, depending of course on the price of metals. But stock markets are something else. Here,…
Juniors find innovative ways to fund development
What exploration needs most in Canada is a good discovery, says Fenton Scott, President of the Prospectors and Developers Association of Canada. At a time when juniors are having trouble raising even …
Montreal Exchange (March 30, 1992)
The mining and minerals index took a 22.7-point loss, and the market portfolio was off by 5.6 points, during the week ended March 24. Daily trading volumes were healthy, ranging between 5.2 million an…
Juniors investigate Guyana’s potential
Canadian exploration companies are showing renewed interest in Guyana after the local government’s recent decision to sell nationalized industries back to the private sector in a bid to stimulate econ…
Uranium market struggle with low prices, oversupply
Canada’s uranium industry faced renewed uncertainty in 1991 as market opportunities faded. In October, the Nuexco exchange value spot price indicator fell to US$7.25 per lb. U3O8, an all-time low in c…
EDITORIAL PAGE; LETTERS TO THE EDITOR
I was well aware of William Fyfe’s view on the earth’s ecosystems (T.N.M., Jan. 27/92) when I made my remarks about “political environmentalists.” I agree that overpopulation is the root cause of all …
Amax drilling at Haile
With its purchase option expiring May 1, 1992, Amax Gold (NYSE) is operating three drill rigs on the Haile gold property near Kershaw, S.C. Amax can earn a 62.5% interest in the property from Piedmont…
Newfoundland hosts rock room at PDAC
An association of Newfoundland and Labrador explorationists (NALE) is organizing a “rock room” during two days of the Prospectors and Developers Association of Canada’s annual convention in Toronto. T…
Producer Prices (March 23, 1992)
PRODUCER PRICES ALUMINUM: MW U.S. market US59.75-60.75 cents per lb. (Mar. 5, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$2.80-3.00 per lb. (Mar….
Petromet sells 50% stake in Rambler
Newfoundland Exploration (TSE) has acquired the remaining 50% interest in the Rambler property near Baie Verte, Nfld., from its former joint venture partner, Petromet Resources (TSE). To satisfy the $…
FUTURES PRICES (March 23, 1992)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Apr 102.00 102.00 – 0.10 May 102.00 100.60 101.90 – 0.15 Jun 100.50 100.50 101.70 …. SILVER (in US cents per oz…