Atlas acquiring Nerco properties
Directors of Atlas (NYSE) recently approved an agreement-in-principle with a unit of Nerco (TSE) whereby Atlas will acquire Nerco’s interest in about 751 unpatented mineral claims in Nevada and Oregon…
News
MVP offer to Swiss bondholders
Toronto-based MVP Capital (TSE) is preparing to make an exchange offer to European holders of 13.3 million Swiss Francs ($10.7 million) worth of secured convertible bonds. Assuming MVP can raise the n…
Technology keeps platinum on a roller coaster
News that Japanese automaker Nissan has developed a platinum-free catalytic converter recently sent platinum futures prices in New York falling and palladium prices climbing. It was a brief market fl…
EDITORIAL PAGE Co-ordinating efforts on Mining Week
Any effort to increase public awareness of mining’s positive role in Canadians’ lives is laudable. Devoting one week in the year to tell the mining industry’s story is one such effort. An example is …
Insider Trading Inco executives buy low, sell near high
A number of Inco (TSE) executives made a substantial profit recently after exercising options at a hefty discount to the nickel miner’s May 29 trading price of US$38.62. According to the Ontario Secu…
Court rules against Tagish on Eskay Creek dispute
Tagish Resources struck out once again in its bid to gain title to the TOK 3-6 claims which host the bulk of reserves on the Eskay Creek gold property north of Stewart, B.C. Eskay Creek is owned 50% …
Falco to construct new SO2 plant
A liquid sulpher dioxide plant will be built at the Kidd Creek mine in Timmins, Ont., following an agreement between Falconbridge and Masulex, a major supplier of SO2 and sulphuric acid. Under the agr…
El Condor, Covenant complete purchase of Kemess property
The sale of Kennecott’s interest in the North and South Kemess properties is now complete with the payment of $3.5 million by El Condor Resources (VSE). El Condor now has a 100% interest in the North…
U.S. REPORT Inco approves funds for Ester Dome
An American unit of Inco (TSE) has approved a US$1.15-million budget for ongoing work on the Ester Dome property owned by Silverado Mines (VSE). The property is near Fairbanks, Alaska. Inco has alrea…
PEOPLE FORTUNE BAY RESOURCES
Bill McWilliam appointed president and director; James Dawson appointed vice-president and director.
PEOPLE CAZADOR EXPLORATIONS
John Chapman appointed president succeeding Barry Way who resigned; William Weymark appointed director succeeding Rolanda Andaya who resigned.
METAL PRICES FUTURES PRICES (June 10, 1991)
N.Y. Commodity Exchange High Low Close Week’s Change COPPER (HG) (in US cents per lb.) Jun 99.30 98.20 99.30 + 0.60 Jul 99.50 98.20 99.40 + 0.20 Aug …