Horne acid plant up and running
The new $160-million sulphuric acid plant built by Noranda (TSE) at its Horne division custom copper smelter at Rouyn-Noranda, Que., was placed into operation in late December. Constructed over a 2-ye…
News
Metal Prices PRODUCER PRICES (January 15, 1990)
ALUMINUM: MW U.S. Market US74.00 cents – 75.00 cents per lb. (Jan 4, 1990). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (De…
B.C. mining award
The Mining Person of the Year Award — jointly sponsored by the Mining Association of British Columbia (MABC) and the Mining Suppliers, Contractors and Consultants Association (MSCCA) — is to honor a…
Toronto Stock Exchange Indices (January 15, 1990)
1989 Jan. 9 Jan. 8 Jan. 5 Jan. 4 Jan. 3 HIGH LOW Composite “300” 3952.353971.073990.374000.914009.474009.473952.35 Metals & Minerals 3344.403359.213399.973453.053452.903453.053…
FINANCING (January 15, 1990)
Major General Res — 500,000 offered @ $1.50 per unit. Team Res — 700,000 offered @ 70 cents per sh. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Forbes Res — min 650,0…
Aurizon drills expand zone on Connell Corner property
While it has yet to ignite much investor interest, the first phase of diamond drilling was completed recently on Aurizon Mines (TSE) Connell Corner base metal property near Val d’Or, Que. The Connell …
Agnico-Eagle board declares dividend (January 15, 1990)
The board of directors of Toronto- based Agnico-Eagle Mines (TSE) recently declared a US10 cents per share dividend payable May 1, 1990, to shareholders of record April 3.
Unocal sells Obed
The Obed thermal coal mine near Hinton, Alta., has been sold to Edmonton- based Luscar Ltd. The mine was owned 93.4% by Unocal Canada, a wholly owned subsidiary of Unocal (NYSE), and 6.6% by Norcen E…
Goldnev drilling unsuccessful
Deep drilling on the Maggie Creek Ranch property in the Carlin area of northeastern Nevada returned no significant assays. The property, owned by Goldnev Resources (VSE), is being optioned by Barrick …
COATS (over-the-counter) Gold shares gain
Junior gold issues took on a little sparkle during the week ended Jan. 9 with several stocks making modest gains after a period of dull performance. Carolin Mines, which is exploring the old Ladner Cr…
Kennecott plans Bingham expansion
A US$227-million expansion is planned at the Bingham Canyon copper mine in Utah operated by Kennecott Corp., a wholly owned subsidiary of RTZ of London. The expansion will boost production by 35,000 t…
Equinox reports Rosebud drilling
Recent drilling on the Rosebud property, north of Lovelock, Nev., has returned some interesting results for owner Equinox Resources (TSE). All eight drill holes of the most recent program intersected …