Explosion at PT Inco smelter kills six
Six men were killed and four injured in an explosion at PT International Nickel Indonesia’s nickel smelter at Soroako, Indonesia. PT Inco is a subsidiary of Toronto- based Inco (TSE). Inco believes a …
News
Aatra, Durham named in OSC hearing notice
A hearing has been scheduled next month by the Ontario Securities Commission to inquire into the alleged illegal sale of shares in Vancouver-based Aatra Resources (VSE) by Toronto-based Durham Securit…
Legacy to fund work on Agnico property
Exploration for deep base metal deposits will begin in June, 1991, on Agnico-Eagle Mines’ (TSE) mining claims in Coleman Twp., near Cobalt, Ont. Legacy Explorations (COATS) has agreed to finance a $50…
Jonpol seeks partner while proceeding quietly at Garrison
Although still seeking a joint venture partner for its Garrison gold project, near Matheson, Ont., Jonpol Explorations (TSE) continues to probe the gold zones which remain wide open in all directions …
PEOPLE U.S. DEPT. OF ENERGY
Paul Zeimer appointed assistant secretary of energy for environment, safety and health.
IOCC GOLD OPTIONS (September 10, 1990)
Options Open Series Volume Last Interest Nov. 390 C 182 18.00 736 Nov. 400 C 899 11.00 1,721 Nov. 410 C 249 8.50 2,071 Nov. 420 C 281 6.50 2,632 Nov. 440 C 265 3.50 3,210 Nov. 450 C 140 2.80 382 Nov. …
Development continuing at Francoeur mine despite mining halt
At Rouyn Mining Resources’ (TSE, ME) Francoeur mine, the focus has shifted from mining to reserve development. Mining was stopped in late June because it was too costly. According to President Jean-Gu…
FUTURES PRICES (September 10, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sept 129.00 127.85 128.10 — 0.70 Oct 128.10 127.40 126.90 — 0.30 Nov — — 125.40 + 0.40 SILVER (in US cents pe…
Porgera ships first gold, raises production target
International mining company Placer Dome (TSE) recently made the first shipment of gold bullion to refiners from the newly commissioned 1,650- ton-per-day first-stage plant at the Porgera mine in Papu…
U.S. REPORT Galactic revises Cornucopia deal
The proposed business combination between Galactic Resources (TSE) and Cornucopia Resources (TSE) has been revised. The new proposal would have Cornucopia shareholders exchange their shares for 0.55 s…
Brookbank lawsuit one of three facing Metalore
Shareholders of Metalore Resources (TSE) presented some difficult questions to President George Chilian at the company’s recent annual meeting in Toronto. They were looking for some straight answers a…
Pinegrove shares offered only to Hong Kong emigrants
Calgary-based Pinegrove Resources (ASE) has become one of the first junior mining companies in Canada to use the federal government’s Immigrant Investor Program to raise funds for a placer gold mine i…