What’s New Loadstar at Westar
The Greenhills mine in southwestern British Columbia began using a new Demag H285 hydraulic excavator in 1988. The unit is the first in Canada, according to Wajax Industries of Etobicoke, Ont., distri…
News
What’s New Rock Breakers
Two new light-duty impact breakers have been introduced by Ohio- based Allied. Both hammers feature a patented hydraulic design. A nitrogen gas charge minimizes oil fed by the carrier pump, according …
50 Years Ago YELLOW TIDE FLOWS TO AMERICA
Pouring in panic across the Atlantic, gold has fled Europe like a refugee from a battlefront. Nothing, in size, to compare has been seen before. The amount received, monthly by the U.S., a little by C…
Historical plaque to be unveiled at Brittania
A plaque commemorating the historic mining town of Brittania Beach, B.C., will be unveiled by Mary Collins, M.P., on May 13. A reunion for former employees and residents of Brittania mines will be hel…
NOTES FROM UNDERGROUND
Canada;s `muck-chasers’ meet once a year to swap ideas. Here’s what’s hot. Chasing muck is no picnic. And it’s becoming even more demanding now that base metals prices are on the upswing and more min…
Law DEALING WITH DEFAULT
“Sorry, but we just could not raise the money.” These or similar words often immediately precede, or are used to explain, the occurrence of an event of default under an agreement. The result that can …
TURNAROUND
Not one but two unmanned security huts greet visitors arriving at Placer Dome’s Endako molybdenum mine, the last one proclaiming: “All visitors report here.” It too is empty, but at least it has a tel…
Spot prices at a glance (May 01, 1989)
Price Week’s ($US) Change($) Gold* 384.40 + 1.50 Silver* 5.78 + 0.02 Platinum* 548.00 + 4.90 Nickel** 6.76 — 0.20 Lead** 0.28 + 0.20 Copper …
COATS (over the counter) Gold issues improve
Two drill rigs continue to test a gold zone on Young-Shannon Gold Mines’ Chester Twp., property situated 110 km southwest of Timmins, Ont. President Bruce Young says 50 diamond drill holes totalling 2…
50 Years Ago NEW SHAFT STARTED AT INCO’S GARSON
The International Nickel Co. announces the beginning of work on a new large- sized shaft at the Garson mine. The cost of the shaft, hoisting equipment and complementary surface plant and structures is…
Alberta Stock Exchange Baloil big trader
Despite concerns over a cooling North American economy, a number of Alberta issues made significant progress during trading this week. They include the Baloil Resources’ issue which distinguished itse…
Dominion tables new offer for Australia-based Whim
Directors of Australian gold producer Whim Creek Consolidated NL have recommended to shareholders that they accept a revised takeover offer by Dominion Mining. If the offer is approved, the two compan…