Armeno signs deal with Nissho Iwai
Vancouver-based junior Armeno Resources (VSE) has formed a joint venture with a Japanese company to finance the development of a small silver-gold-lead-zinc deposit in Ecuador. Nissho Iwai of Japan ha…
News
Minerex ordered to pay mine contractor
A tribunal of the American Arbitration Association has ruled that Vancouver-based Minerex Resources (TSE) and the Aurora Partnership must pay nearly US$1.4 million in damages to a former contractor at…
Kookaburra exploring Hidden Valley property
Work is scheduled to begin shortly on the Hidden Valley property, 25 miles west of Smithers, B.C., and owned by Kookaburra Gold (VSE). Kookaburra plans trenching, sampling, prospecting and electromagn…
Alberta Stock Exchange Yukon raises funds
Edmonton-based Yukon Minerals has agreed to a private placement of one million treasury shares at 15 cents per share with two of the company’s directors. The proceeds totalling $150,000 will be used f…
Copper association boosts membership
The International Copper Association, based in New York, recently boosted its membership to 30 producers and nine fabricator associate members representing 17 countries with the addition of three new …
OBITUARIES (July 23, 1990)
George Neumann died recently at his residence in Arnprior, Ont. He was 74. In 1940, Neumann graduated from Queens University with a 0000,0600 B.Sc. degree in metallurgical engineering. After a stint i…
U.S. REPORT Amberquest option
An option agreement has been signed between Amberquest Resources (ME) and Pilot Plant Inc., which gives Amberquest the right to earn a 70% interest in Pilot’s 160-acre gold property in Nevada. To acqu…
Base metal prices remain strong while gold slumps
With prospects for the second half of 1990 clouded by economic recession, few mining analysts are calling for a spectacular new bull market to emerge this year. According to analysts of the London-bas…
Rhodium reaches US$7,000 per oz.
The price of rhodium continued its meteoric rise and recently realized US$7,000 per oz. in New York. South Africa, the Soviet Union and Canada are the three suppliers of rhodium to the world market. A…
Deak negotiating financing for Kerr mill modification
Financing of an ambitious scheme by Deak Resources (TSE) to mill gold and base metal ore at Virginiatown, Ont., could result in the company more than doubling its share capitalization by 1993. Shareho…
General News & Comment Falconbridge names officer for
Nickel- copper producer Falconbridge Ltd. has made a move to tackle head on the biggest issue of the 1990s, the environment. Perhaps best known for its Sudbury, Ont.-based nickel mining operations, Fa…
Metal Prices FREE MARKET (July 23, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date July 17 July 16 July 13 July 12 July 11 Copper 1525-1528 1536-1538 1580-1582 1593-15…