Metal Prices (February 19, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) DateFeb 13Feb 12Feb 9Feb 8Feb 7 Copper1330-13321354-13551359-13601359-1360131…
News
Ontario’s mineral sector set to weather downturn
The mining industry in Ontario is financially healthier in 1990 than it was in the early 1980s, but it must keep in step with new global realities and strive to remain competitive if it is going to we…
Goldplex to earn in on Comstock gold bet
Toronto-based Goldplex Development (ASE) says it has signed an agreement in principle with an as-yet-unnamed Vancouver company to earn a 49% stake in a Silver City, Nev., gold property by spending $60…
Breakwater gives green light to Estrades gold project
After completing a review of a mining feasibility study by Wright Engineers, Breakwater Resources (TSE) has decided to place the Estrades massive sulphide project near Joutel, Que., into production. I…
Doe Run record
Doe Run’s smelting division set a safety record in 1989, with an on-the-job safety performance of 1.1 lost-time injuries per 200,000 man-hours worked, according to John FitzSimmons, general manager. T…
Focus on planning and equiipment
The second international symposium on mine planning and equipment selection in surface mining, organized by the University of Calgary, Centre for Mineral and Energy Technology (CANMET), Devon, Alta., …
Continental starts $7.1 million feasibility program
Within the next several weeks, Continental Gold (VSE) is expected to submit the first formal document to begin the production permitting process for the Mt. Milligan gold-copper project near Prince Ge…
John Cooke speaks at CIM
John Cooke, vice-president and publisher of Northern Miner Press Inc., will be guest speaker at a luncheon meeting sponsored by the Canadian Institute of Mining and 0000,0600 Metallurgy Feb. 22. Recep…
Anglo seeking funds
At a recent meeting of Anglo Canadian Mining’s (VSE) shareholders, approval was granted for the acquisition of a 51% interest in the MWF gold property in Matheson Twp., near Timmins, Ont. A $250,000 e…
City presses ERG over site agreement
The mayor of Timmins, Dennis Welin, is serving notice that the owners of the ERG Resources (TSE) tailings reclamation operation will have to live up to the terms of a site agreement. The 1987 agreemen…
Noranda, Major Genmeral cut strong gold zones in Nfld
Six recently completed drill holes on the Rendell-Jackman gold property in Newfoundland have yielded good results for partners Major General Resources (VSE) and Noranda (TSE). The holes were testing t…
Bond reports loss of US$26 million
Bond International Gold (TSE) reported a net loss of US$26.4 million, or US46 cents per share for the 6-month period ended Dec. 31. Toronto-based LAC Minerals (TSE) bought a 65% interest in BIG last N…