Fluor sells iron ore unit
International engineering and construction firm Fluor Corp. of Irvine, Calif., has sold its stake in the Pea Ridge Iron Ore Co. to Big River Minerals for nearly $12 million. Based in Sullivan, Miss., …
News
Euro-Nevada wants royalties in return for Stikine block
Euro-Nevada Mining (TSE) admitted recently that it owns a small block of Stikine Resources (TSE) shares that could play a pivotal role in the struggle between Placer Dome (TSE) and Corona (TSE) for co…
Cyprus first-half earnings slip
For the first six months of 1990, Cyprus Minerals (NYSE) reported earnings of US$55.5 million, or US$1.17 per share, on revenues of US$894.8 million. The earnings were affected by a pretax US$27.5 mil…
De Beers strikes deal with Soviets
The new Swiss subsidiary of De Beers Consolidated Mines has swung a deal with the Soviet Union which gives De Beers a 5-year contract to sell the latter’s rough diamond production. Soviet production f…
FUTURES PRICES (August 06, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Aug 126.30 124.90 125.30 + 5.30 Sept 125.50 123.60 124.60 + 4.40 Oct 123.00 123.00 122.60 SILVER (in US cents per…
Alberta Stock Exchange Adrian benefits from rumored results
Over the past six months, shares of Ontex Resources have quietly moved up above the $1.60 level from below $1 in March. During the week ended July 31, Ontex gained 15 cents to close at $1.65. The gain…
Belmoral to eliminate debt through asset sale to Aur
For the second time this year, Belmoral Mines (TSE) and Aur Resources (TSE) have worked out a deal designed to rescue Belmoral from its financial predicament and expand Aur’s influence in the Val d’Or…
U.S. REPORT Arimetco sees bright future in low-cost SX-EW
Newly listed Arimetco International (TSE) has some ambitious plans to develop low-cost copper mines in North America which make use of acid leaching followed by solvent extraction and electrowinning, …
Liners for Leaching
The need to protect groundwater resources from the contaminating effects of toxic liquids has created a thriving market for the manufacturers of synthetic, “impermeable” geomembranes. Miners seeking t…
The Refractory Riddle; A large amount of gold is trapped in
An outbreak of alcoholic neuritis in northwest England in 1900, as recorded by Dr. Ernest Reynolds in the British Medical Journal on Nov. 24 of that year, changed the way toxic hazards are regulated. …
Ins and outs of grouting
“There is no longer a place in our profession for black magicians — although artistry is still to be encouraged — who deliberately obfuscate issues in order to maintain some form of self-serving mys…
Suppliers’ Notes (August 03, 1990)
Minpro Ltd. has installed Ecuador’s first modern gold-processing plant. The 120-tonne-per-day mill, shipped in modules from the company’s Mississauga factory, will be treating a rich gold ore. Among t…