Aussie election shouldn’t change mining policy
Re-election of the Labor Party in Australia in the recent national election should mean a continuation of the current policy governing the mining industry in that nation. While the final seat tally ha…
News
Abermin bankruptcy unavoidable
Cash-strapped Abermin (TSE) recently announced bankruptcy under provisions of the Bankruptcy Act with Deloitte & Touche appointed as trustees. Company management had attempted for some time to refinan…
The Anhydrite Alternative
Current research at the Technical University of Nova Scotia (TUNS) Mining Engineering Dept. will soon determine the potential of anhydrite, the dehydrated form of gypsum, for use as an alternative bin…
FUTURES PRICES (April 02, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Mar 127.50 120.00 121.65 — 6.35 Apr 118.10 117.60 116.35 — 4.95 May 116.40 112.00 112.25 — 5.05 SILVER (in US …
For the Record
Every corporation and virtually every person keeps records, both personal and business. In fact, in today’s society there is a tendency to make multiple copies of everything and to put them in “the fi…
Placer Dome earns 60% of Mexican Hat
Through expenditures of US$1.38 million, a unit of Placer Dome (TSE) has earned a 60% interest from Oneida Resources (VSE) in the Mexican Hat gold property in Cochise Cty., Ariz. Some 137 holes totall…
Homestake drift
A US$23-million underground exploration program has been announced by Homestake (NYSE) for gold showings three miles north of the company’s mine near Lead, S.D. Gold mineralization has been found at a…
Garbage in — Garbage out
Consider the opportunity to invest in one of two mine development projects. Both are gold mines in northern Ontario, both have the same grade, the same reserves and the same operating conditions. The …
Imperial earnings still in black
Results for the three months ended Dec. 31 show Imperial Metals (TSE) still in the black with net earnings of $13,000 on revenues of $1.2 million. Earnings for the comparative quarter in 1988 were $90…
Gold price drop seen as simply an `aberration’
Gold analysts are calling last week’s unexpected US$23 tumble in the price of bullion a “short- term aberration” caused by a single gold sale in Europe and other significant sales by investors in Toky…
Centurion royalty revenues to rise
Vancouver-based Centurion Gold (VSE) is looking forward this year to new mining activity on claims surrounding Newmont Gold’s (NYSE) Gold Quarry open pit mine near Carlin, Nev. Centurion owns 51% of a…
Alcan smelter
Startup of the Laterriere aluminum smelter at Chicoutimi, Que., was recently resumed by Alcan. Phase one should be fully operational by April 11, the company says; startup of the second phase will the…