Industry News

12.15.2017

Indonesia, Freeport Near New Deal for Giant Copper Mine – by Fathiya Dahrul and David Stringer (Bloomberg News – December 15, 2017)

https://www.bloomberg.com/ Indonesia and Freeport-McMoRan Inc. may sign a new agreement as soon as this weekend that will lay out a road-map for the transfer of majority ownership of the giant Grasberg mine to a local firm, according to people familiar with the proposal. Freeport shares rose. The nation’s government, state-owned PT Indonesia Asahan Aluminium — […]

12.15.2017

Space mining is getting close to reality – by Rebecca Campbell (MiningWeekly.com – December 15, 2017)

http://www.miningweekly.com/ JOHANNESBURG (miningweekly.com) – Space mining – the mining of bodies and other worlds in outer space for minerals and other natural resources – remains within the realm of science fiction. For now. But, during the younger years of most of the world’s current senior mining executives, personal communication devices (cellphones) were science fiction, as […]

12.15.2017

Gas station, restaurant eyed for former Dionne Quints property

Land was purchased by Grand Castle Corp. for $1.6 million in February

12.15.2017

Film projects net $33 million in provincial funds

NOHFC capital will support 51 projects in northeastern Ontario

12.15.2017

BMW Sees 10-Fold Jump in Its Need for Battery Materials by 2025 – by Elisabeth Behrmann (Bloomberg News – December 15, 2017)

https://www.bloomberg.com/ BMW AG’s needs for car-battery raw materials such as cobalt and lithium will surge 10-fold by the middle of the next decade, pushing the German carmaker increasingly to forge long-term deals as shortages loom. Purchase contracts with five- to 10-year time frames are close to being completed, the manufacturer’s head of procurement told reporters […]

12.15.2017

Wasaya Airways announces new recruiting approach

Experienced pilots to earn pay based on experience, if hired before Dec. 31

12.15.2017

South Africa’s Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy – by Zandi Shabalala and Ed Stoddard (Reuters U.S. – December 15, 2017)

https://www.reuters.com/ LONDON/JOHANNESBURG (Reuters) – South Africa’s Sibanye-Stillwater (SGLJ.J) agreed to buy troubled miner Lonmin (LMI.L) (LONJ.J) for about 285 million pounds ($382 million) to create the world’s No. 2 platinum producer in a bid to ride out depressed prices for the metal. Sibanye, whose CEO is called “Mr Fix It” for turning his firm from […]

12.15.2017

Exports of iron ore pellets lift St. Lawrence Seaway freight volumes – by Eric Atkins (Globe and Mail – December 15, 2017)

https://www.theglobeandmail.com/ Asian demand for U.S. iron ore is driving up freight volumes on the St. Lawrence Seaway. Overall cargo tonnage, including mining products and grain, rose by 8.5 per cent to 33 million tonnes on the water route as of the end of November, from the same period a year ago, the Chamber of Marine […]

12.15.2017

Environmental assessment sinks proposed Ajax mine near Kamloops (CBC News B.C. – December 14, 2017)

http://www.cbc.ca/news/canada/british-columbia/ The provincial government has opted not to issue an environmental assessment certificate for a proposed open-pit copper and gold mine near Kamloops, prompting applause from the city and local First Nations. The 1,700-hectare Ajax mine proposed by KGHM would have been located about 10 kilometres southwest of Kamloops on the traditional territories of the […]

12.15.2017

Long-awaited link to First Nation – by Larry Kusch (Winnipeg Free Press – December 12, 2017)

https://www.winnipegfreepress.com/ Berens River residents hope all-weather road boosts economy, tourism The once-isolated Berens River First Nation celebrated the completion of a $200-million all-weather road Tuesday and the hope it will spur ecotourism and other economic opportunities. The 2,000-member community greeted provincial Infrastructure Minister Ron Schuler with soup, bannock with butter and jam, and tea after […]

12.15.2017

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles – by Melanie Burton (Reuters Canada – December 15, 2017)

https://ca.reuters.com/ MELBOURNE (Reuters) – Australia, home to the world’s second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of Congo. As […]

12.15.2017

America’s mining policy undermines national security – by Jeff A. Green (The Hill – December 14, 2017)

http://thehill.com/ Jeff A. Green is president and founder of J.A. Green & Company, a bipartisan government relations firm based in Washington D.C. After nearly two decades of war, the American military must address a readiness crisis. Both Congress and the Trump administration are working to rebuild the military’s front-line forces. But readying America’s industrial base […]

12.15.2017

Why investing in coal is risky business – by Catherine McKenna (Globe and Mail – December 15, 2017)

https://www.theglobeandmail.com/ Catherine McKenna is Minister for the Environment and Climate Change This week, we marked the two-year anniversary of the Paris climate accord with big news. The Powering Past Coal Alliance, which was recently launched by Britain and Canada as a global effort to phase out coal-fired electricity, grew to more than 50 members, including […]

12.15.2017

Sault cruise ship visits could double in three years

City officials seeking ways to give visitors a more memorable welcome

12.15.2017

A new approach to design

Learning at Laurentian infused with Indigenous values

12.15.2017

ERWAT ventures into mining

East Rand Water Care Association (ERWAT) will be attending the Investing in African Mining Indaba for the first time in 2018. Miningne.ws Editor Mpinane Senkhane speaks to Tumelo Gopane, Managing […]

12.15.2017

Amcu shares concerns over acquisition of Lonmin by Sibanye-Stillwater

Mining and construction union, Amcu, has expressed their concerns regarding the newly announced acquisition of Lonmin Platinum Mines by Sibanye-Stillwater. Sibanye will take full control of Lonmin Platinum and will further […]

12.14.2017

Five things Canadian companies need to know about U.S. tax reform

If reform is enacted, there could be a limit on any interest expense, although some small businesses may be excluded from these limits

12.14.2017

GOLD: Alamos says Lynn Lake to yield 170,000 oz. per year

MANITOBA – Alamos Gold of Toronto has released the feasibility study for its Lynn Lake gold project, situated 40 km east of the town. The company expects to recover a total of 1.5 million oz. of gold and 1.3 million

The post GOLD: Alamos says Lynn Lake to yield 170,000 oz. per year appeared first on Canadian Mining Journal.

12.14.2017

COAL: Feds okay Murray River mine owned by HD Mining

BRITISH COLUMBIA – The Canadian government has approved the Murray River metallurgical coal mine belonging to HD Mining International of Vancouver. The project is located 12 km south of the town of Tumbler Ridge in the northeast part of the

The post COAL: Feds okay Murray River mine owned by HD Mining appeared first on Canadian Mining Journal.