News


STOCK MARKETS (April 20, 1992)

Because of technical complications, the stock market listings which appeared in the April 13 edition of The Northern Miner were incorrect.


Spot prices at a glance (April 20, 1992)

Week’s Price (US) Change Gold* $339.60 + $2.10 Silver* $ 4.10 + $0.01 Platinum* $348.50 + $0.50 Nickel** $ 3.35 – $0.01 Lead** $ 0.24 $0.00 Copper $ 0.99 – $0.01 Zinc $ 0.59 + $0.01 Courtesy of Scotia…



Chile well established as top copper producer

Chile is the worlds largest producer and exporter of copper, accounting for 22% of the Western worlds total production, and about 23% of the worlds copper reserves. Based on planned production statist…


Turnkey contract for acid plant

Two subsidiaries of SNC-Lavalin Inc. of Montreal have signed a lump sum turnkey contract with Compania Minera Disputada de Las Condes SA of Santiago, Chile, for a US$23 million sulphuric acid plant. T…


FMC to develop lithium mine

Development of a lithium deposit in Bolivia is planned by FMC (NYSE), subject to ratification of an exploration and development plan by the Bolivian government. FMC estimates a cost to production of b…


Canadian investment in Mexico likely to increase

A research study conducted by management consulting firm A.T. Kearney finds that there is strong potential for increased investment by foreign mining companies in Mexico. The study, sponsored by the M…


PRODUCER PRICES (April 20, 1992)

ALUMINUM: MW U.S. market US60-61 cents per lb. (Apr. 2, 1992). ANTIMONY: New York dealer US78-82 cents per lb. (Mar. 26, 1992). BISMUTH: New York dealer US$2.50-2.70 per lb. (Mar. 26, 1992). CADMIUM: …



Melinga drilling in Honduras

A contract to drill 150 holes, 30-50 metres each in length, in northwestern Honduras was recently entered into with a Guatemalan company, Melinga Resources (VSE) reports. The program is concentrating …


Copper smelter `bottleneck’ likely to continue

Arizona-based Magma Copper (NYSE) plans to increase its smelter capacity by up to 20% to take advantage of a growing worldwide “smelter bottleneck,” vice-president Bradford Mills told the Toronto Soci…


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