View from the West (October 28, 1991)
The headline of an Oregon Lands Coalition newsletter tells it all: “This Country Is Run by Those Who Show Up.” Only recently has the Canadian mining community been showing up. We must redouble our eff…
News
FUTURES PRICES (October 28, 1991)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 106.60 106.15 106.20 + 0.60 Nov 105.60 105.60 105.65 + 0.65 Dec 105.50 104.40 104.90 + 0.80 SILVER (in US cen…
Timmins Nickel mulling option on Redstone mine
Barring an unforeseen nickel rally, Timmins Nickel (TSE) will not exercise an option to purchase BHP-Utah’s 49% interest in the Redstone mine near Timmins, Ont. The owner of a 51% stake in Redstone, T…
Montreal Exchange (October 28, 1991)
A feasibility study released by Aur Resources and Societe Miniere Louvem for the Louvicourt copper-zinc-gold deposit northeast of Val d’Or., Que., recommends that initial mining commence in late 1993,…
Madeleine avoids injunction with promise to comply
Toronto-based Madeleine Mines (TSE) has agreed to prepare applications needed to obtain an operating permit for its Lac des Iles palladium/platinum project near Thunder Bay, Ont., within the next six …
Court of appeal rejects U.S. ban on asbestos
A decision by the U.S. court of appeals to strike down a ban by the U.S. Environmental Protection Agency (EPA) on asbestos marks a significant step in controlling, rather than banning outright, a dang…
PRODUCER PRICES (October 28, 1991)
ALUMINUM: MW U.S. market US51-55 cents per lb. (Oct. 17, 1991). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADMIUM: …
Spot prices at a glance (October 28, 1991)
Week’s Change Price (US) Gold* $362.90 + $6.50 Silver* $ 4.15 + $0.10 Platinum* $367.10 + $1.35 Nickel** $ 3.34 – $0.01 Lead** $ 0.23 …. Copper $ 1.07 …. Zinc $ 0.45 + $0.01 Courtesy of Scotiabank…
Weak prices hurt Inco earnings
Lower third-quarter earnings reflect weaker nickel markets and increased unit production costs at its Canadian operations, Inco (TSE) said. The nickel giant recorded third-quarter earnings of US$4.5 m…
PEOPLE (October 28, 1991)
Dan MacIsaac appointed senior vice-president.
Western Copper plans work on Williams Creek feasibility
Because of favorable results from this year’s drilling program, partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) plan to proceed with an independent reserve calculation and pit des…
Cal Graphite sells Sudbury property
Graphite producer Cal Graphite (VSE) reported selling its Sudbury, Ont., property that was acquired for chemical upgrading of its graphite production. The company, which mines graphite in central Onta…