Plant start-up cuts earnings for Steep Rock
Steep Rock Resources reports net earnings of $83,600 in the first quarter this year, compared with net of $133,600 for the similar period in 1986. The earnings drop, the company says, is attributable …
News
WHAT’S NEW Underground equipment Oscilloader evolution
Continuous Mining Systems (Sudbury, Ont.) has replaced the steel chain conveyor table on its CL-1000 Oscilloader with a single-ply kevlar conveyor belt. John Kelly, manager of mine research for Inco L…
General News & Comment Blasting conference
The third annual Pennsylvania Blasting Conference and Exhibit will take place Nov 12 and 13 at the Keller Conference Centre on the Penn State campus in the U.S. Papers will be presented on current dev…
WHAT’S NEW Drilling equipment Computerized jumbo
Atlas Copco Canada of Montreal has brought its aut omated drilling jumbo to the Canadian market. Called the Robot Boomer H135, the rig features two but 35 booms for drilling mine openings which have c…
Westmin’s oil/gas division a major profitable source
The oil and gas division at Westmin Resources has been its most profitable in recent years, eclipsing all other sources of income by a wi de margin. But even though crude oil production was at record …
Coin Lake, Moruya plan consolidation
With the legal problems hampering work at the Golden Reward gold project in South Dakota, resolved, partners Coin Lake Gold Mines and Moruya Gold Mines, plan to bring the property to production. The f…
Sharpe gets claims in Newfoundland
Sharpe Energy and Resources has acquired 292 claims in the Ming’s Bight area of Newfoundland close to where Noranda Exploration made its mineralized occurrences discovery last year. Noranda discovered…
MAINTENANCE Priorities, priorities
In our April issue we examined ways in which the management of a mine can undermine the effectiveness of its first-line foreman. Sometimes management fails to provide any policy guidelines for mainten…
CROSS-CUTS World’s largest flotation unit
Kennecott’s concentrator at Copperton, Utah, is getting 33 new 3,000-cu-ft flotation machines this year to recover copper, molybdenum and gold from the Bingham Canyon open pit copper mine. The new con…
Montreal Exchange Yorbeau leads way
There are always exceptions to the rule. Trading in resource issues this week on the Montreal Exchange was generally off, if the falling mining and minerals index was any indication, but a couple of s…
METAL MARKETS Communist bloc boosts sales of gold to West
The Soviet Union and China substantially increased sales of gold to the West in 1986, says the British firm Consolidated Gold Fields. Sales from the Communist bloc, at 402 tonnes, were almost twice th…
Holmer raises working capital
A total of $148,500 to provide working capital by issuance of shares and share purchase warrants under an exempt private offering has been raised by Holmer Gold Mines. In other news, Holmer expects to…