Industry News

09.20.2017

Indian billionaire Agarwal to be Anglo American’s top shareholder – by Cecilia Jamasmie (Mining.com – September 20, 2017)

http://www.mining.com/ Indian billionaire Anil Agarwal is planning to increase its investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will be done through Volcan Investments Ltd., the family trust of Agarwal, who is the […]

09.20.2017

Iron ore price sheds 3.5pc to dip below $US70 – by Samantha Woodhill (The Australian – September 20, 2017)

http://www.theaustralian.com.au/ Iron ore spot prices have fallen below $US$70 a tonne for the first time since July, shedding 3.5 per cent overnight. The spot price was today at $US68.30 a tonne, with futures also indicating weak prices. ANZ senior commodities analyst Daniel Hynes said the fall followed comments by the Reserve Bank of Australia in […]

09.20.2017

Goldplat miner seeks to tame Africa risk – by Barbara Lewis (Reuters U.S. – September 19, 2017)

https://www.reuters.com/ LONDON (Reuters) – Upheaval in Tanzania, where the government has made huge tax demands and seized minerals, has triggered changes in neighboring Kenya, which should reassure the industry, said the CEO of Goldplat (GLDP.L), which operates a gold mine there. Chief Executive Gerard Kisbey-Green said he was nevertheless seeking to diversify his portfolio to […]

09.20.2017

Implats May Cut 2,500 Jobs to End Losses at Biggest Mine – by Liezel Hill (Bloomberg News – September 19, 2017)

https://www.bloombergquint.com/ (Bloomberg) — Impala Platinum Holdings Ltd. may cut at least 2,500 jobs at its Rustenburg mining complex in South Africa as the world’s second-largest producer of the metal seeks to stem losses and adjust to lower prices. Impala has notified unions and the government to begin a mandated consultation process ahead of proposed cuts […]

09.20.2017

Teck ups Red Dog guidance; outlines significant exploration target for Aktigiruq – by Henry Lazenby (MiningWeekly.com – September 19, 2017)

http://www.miningweekly.com/ VANCOUVER (miningweekly.com) – Canada’s largest diversified miner Teck Resources has added about 50 000 t of zinc output to the full-year guidance for its Red Dog mine, in Alaska. Vancouver-headquartered Teck advised that improving recoveries in the last few months has prompted the company to lift guidance to a range of 525 000 t […]

09.20.2017

Nickel falls toward 1-month lows on fund selling – by Pratima Desai (Reuters U.S. – September 19, 2017)

https://www.reuters.com/ LONDON (Reuters) – Nickel prices fell on Tuesday toward the one-month lows hit last week as funds took profits, but concern about supplies from the Philippines and healthy demand, particularly from Chinese stainless steel mills, are expected to lend support. Benchmark nickel on the London Metal Exchange ended down 0.8 percent at $11,140 a […]

09.20.2017

POTASH: Encanto secures $100 million injection

VANCOUVER – Encanto Potash Corp. of Vancouver has secured a commitment for $100 million of funding over the next three years from GEM Investments American and GEM Global Yield. As Encanto draws down the money, it will issue shares at

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09.20.2017

ZINC: Callinex discovers new zinc zone at Superjack project

NEW BRUNSWICK – Exploration for base metals in the Bathurst camp has been heating up lately, and Vancouver’s Callinex Mines has discovered a new zinc zone at the Superjack project 15 km southwest of the closed Brunswick No.12 mine. Hole

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09.20.2017

MAGNESIUM: Alliance reaches 140-day milestone

QUEBEC – Alliance Magnesium of Brossard, Que., has reached what it calls a very important milestone – 140 days of magnesium production from its pilot plant in Danville. The company now plans to move technical and financial matters forward for

The post MAGNESIUM: Alliance reaches 140-day milestone appeared first on Canadian Mining Journal.

09.20.2017

GOLD: Argonaut pours first gold from San Agustin

MEXICO – Toronto-based Argonaut Gold has poured the first gold from its San Agustin project in Durango. The feat comes only 10 months after breaking ground on the project. Pete Dougherty, president & CEO said, “Also of great importance to

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09.20.2017

SEPARATION: Metso’s next generation hydrocyclones, the MHC series

HELSINKI – Metso’s new MHC series hydrocyclones deliver a high unit capacity and exceptional separation efficiency for a wide range of classification duties. They feature optimized process performance, superior wear component design, and improved ease of maintenance. That means users benefit from improved inlet head

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09.20.2017

Great Bear strikes gold at Dixie Lake

Great Bear Resources (TSXV: GBR) is off to a strong start at its Dixie Lake gold project in western Ontario’s 28 million oz. gold Red Lake district. After revising the project’s geological model, the company completed a 1,000-metre drill program to

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09.20.2017

Ajax mine: too close for comfort in Kamloops? – by Nelson Bennett (Business Vancouver – September 19, 2017)

https://www.biv.com/ Copper-gold mine is just two kilometres from the city limits “I’m not against mining, but…” That line from a recent letter to the editor in Kamloops This Week pretty much sums up the tone of discussion around the Ajax copper-gold mine – a discussion that has been going on in Kamloops since 2011. It’s […]

09.20.2017

Russian Nuclear Giant Joins Scramble to Supply Electric-Car Boom – by Jack Farchy and Elena Mazneva (Bloomberg News – September 19, 2017)

https://www.bloomberg.com/ Russia’s state-owned nuclear corporation is joining the lithium rush. After a collapse in the price of uranium, Rosatom Corp. plans to start mining and trading the metal used in batteries as it seeks to profit from the rapid rise of electric vehicles. “The evolution of the car business is going much faster than predicted,” […]

09.20.2017

Moves business owners can make now ahead of the proposed tax changes

The Globe spoke with tax planning experts about some strategies businesses may want to consider in the weeks ahead

09.20.2017

Northern Ontario businesses recognized for safety by WSIB

JTR & Custom Works Inc. of Timmins and Mike Moore Construction Inc. of Sault Ste. Marie took home gold and bronze medals, respectively.

09.20.2017

Sault software group lands federal funds

Createch will use $482,000 in repayable funds to purchase equipment and set up a temporary location before moving to a more permanent facility in 2018.

09.20.2017

Dominion Diamond investors OK $1.2B US sale to Washington Companies (CBC News North – September 19, 2017)

http://www.cbc.ca/news/canada/north/ Shareholders expected to receive $14.25 US per share in cash when acquisition closes The Canadian Press: The Canadian head office of Dominion Diamond is to remain in Calgary after its shareholders voted on Tuesday to approve its $1.2-billion US sale to Washington Companies. Larry Simkins, president of the Montana-based acquirer, attended Dominion’s special meeting. […]

09.20.2017

Glencore signs deal with Angola LNG

Natural resource commodities producer and trader Glencore Energy, together with Angola LNG have executed a multiyear LNG sales agreement, under which ALNG will deliver LNG cargoes to Glencore at destinations around the […]

09.20.2017

Northwest Territories Mining – The Drive Beyond Diamonds: Whati Road Could Deliver Polymetallic NICO Mine and More – by John Curran (Aboriginal Business Quarterly – Summer 2017)

For the entire issue: http://www.mirabelsmagazinecentral.com/Publication/Product/inukshuk-publishing/aboriginal-business-quarterly/summer-2017 There’s no denying the importance of the mining sector for the NWT’s economy, but at the same time this key industry has become completely dependent on a single commodity in recent times: Diamonds. Over the years, gold, lead, zinc, silver, tungsten, radium and many other minerals have been mined around […]