The company is set to move into the ranks of significant gold and silver producers, President Peter McAleer told shareholders at the annual meeting of Westfield Minerals (TSE). Helping to launch it on…
Placer Dome, now in the major ranks of Canadian mining companies, the other day pledged to give $500,000 toward a $34- million campaign fund for a major hospital in Toronto, the funds to be used for t…
Encouraging news from northern Quebec has partners Placer Dome and MSV Resources about to undertake a final feasibility study on the Eastmain gold project, which could be put into production by late 1…
The short-term outlook for steel appears favorable. The International Iron and Steel Institute forecasts demand for crude steel in 1988 will reach 764 million tonnes, 10 million tonnes above last year…
Inco Ltd. (TSE) reports it has set up a separate business unit to manage and develop operations related to a series of nickel powders and other powder products. The new unit, to be known as Inco speci…
Another $4.25 million will be spent this year at Galactic Resources’ (TSE) Wellgreen property in the Yukon. The work program will also include metallurgical and environmental studies “with the goal of…
Canadian organizers of an international conference on hoisting, to be held in Toronto next month, are disappointed by the number of advance bookings they have received from mining companies in Canada….
An agreement has been finalized between Belmoral Mines (TSE) and Roddy Resources (TSE) of Vancouver whereby the former may acquire up to a 51% equity interest in Roddy, which operates the Bighorn heap…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 17 May 16 May 13 May 12 May 11 Copper 1490-1470 1470-1475 1450-1455 1380-1385 133…
Vancouver-based Houston Metals was recently listed for trading on the Montreal Exchange (symbol HML). The company came into being in 1986 following the amalgamation of Bulkley Silver Resources and Cat…
The Henderson II mine owned by Campbell Resources (TSE) is living on borrowed time and could be shut down if a $500,000 exploration program fails to increase the operations gold reserves. Proven reser…
ALUMINUM: MW U.S. Market $1.08-$1.11 per lb. (May 5, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (May 5, 1988). CADMIUM: New York …
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