Kleenex not needed at Metall meeting
With copper production underway at the Ok Tedi mine in Papua New Guinea, and a couple of new gold and base metal mines in the pipeline, there was little danger than shareholders at Metall Mining’s (TS…
News
Grab Samples (July 04, 1988)
In an embarrasing move to Banque IndoSuez, the convertible debenture kings of Canadian mining finance, the Swiss National Bank has killed IndoSuez’s latest bond deal. Client Galactic Resources, via Ga…
People (July 04, 1988)
Mining Association of Canada — At the 44th annual meeting held in Ottawa recently, Norman B. Keevil, Jr. was elected chairman succeeding Dr Walter Curlook.
Prospectors net $9 million to explore ’30s copper mine
Long-time followers of the industry hold onto your hats. Prospectors Airways, an old name from the dirty 30s, has resurfaced on the Vancouver Stock Exchange. (The original Prospectors Airways surren…
Dickenson gains all of White mine
Serious about boosting its own annual production beyond the 100,000 oz level, Dickenson Mines (TSE) has acquired 100% ownership of the Arthur W. White mine near Red Lake in northwestern Ontario. In a …
Redfern to fund program on Tulsequah area project
Equipment is being mobilized for a major exploration program on Redfern Resources’ (VSE) Tulsequah area property in northwestern British Columbia. Rehabilitation of the 5,400 level and preparation of …
Editorial There was a doctor in the house
Miners and their families in Faro, Yukon, will be able to rest easier now. A month or two ago in this space we noted the difficulties remote northern communities have in attracting in-residence doct…
Stuart offers Int. Baslen stake in Hemlo gold claims
An announcement that International Baslen Enterprises (ASE) has been offered the chance to finance a legal fight for control of 148 claims in the Hemlo, Ont., area was enough to ensure a packed house …
FUTURES PRICES (July 04, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 105.50 102.05 105.40 — 2.95 Sep 100.00 96.80 100.00…
Editorial Giving birth to a giant
July 1, Canada Day, will mark the beginning of a new major mining company in Canada. That’s the day a merger of Eldorado Nuclear and the Saskatchewan Mining Development Corporation is expected to clos…
Metal Prices PRODUCER PRICES (July 04, 1988)
ALUMINUM: MW U.S. Market $1.30-$1.40 per lb. (June 23, 1988). ANTIMONY: New York dealer $0.92-$1.00 per lb. (June 23, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Letters to the Editor Gold price being manipulated?
Having been an observer of the gold scene for many, many years, I thought it was about time I got something off my chest. The price of gold is being artfully manipulated. It has been for several years…