Industry News

10.23.2017

COPPER-NICKEL: Northern Shield reports drill results from Huckleberry property

QUEBEC – Northern Shield Resources of Ottawa says it has received most of the assays from the 2017 drilling and surface sampling program at the Huckleberry copper-nickel-PGM property in the south Labrador Trough. Based on results to date, the company’s

The post COPPER-NICKEL: Northern Shield reports drill results from Huckleberry property appeared first on Canadian Mining Journal.

10.23.2017

DIAMONDS: North Arrow completes mini-sample at Naujaat project

NUNAVUT – Vancouver-based North Arrow Minerals has completed summer drilling and taking a mini-bulk sample from its 100% owned Naujaat (now-yat) diamond project. The project, located near the hamlet of Repulse Bay, was formerly known as the Qilalugaq project. The

The post DIAMONDS: North Arrow completes mini-sample at Naujaat project appeared first on Canadian Mining Journal.

10.23.2017

GOLD: ATAC finds more high grade at un-optioned part of Rackla project

YUKON – ATAC Resources of Vancouver has intersected additional near surface, high grade oxide and sulphide mineralization at the Tiger gold deposit. The Tiger deposit is part of ATAC’s 100% owned Rau project, outside the area of the Rackla project

The post GOLD: ATAC finds more high grade at un-optioned part of Rackla project appeared first on Canadian Mining Journal.

10.23.2017

FNX Mining founder among mining hall of fame inductees

Canadian Mining Hall of Fame will induct new members in January.

10.23.2017

DRILL: New Sandvik top hammer DXi covers more area, boosts productivity

SWEDEN – Sandvik has introduced its new Ranger DXi series of top  hammer drills that feature superior drilling coverage – up to 55 m2. The 290° coverage is made possible by the revolving counterweight superstructure on each rig. Sandvik says

The post DRILL: New Sandvik top hammer DXi covers more area, boosts productivity appeared first on Canadian Mining Journal.

10.23.2017

Pretium ramps up Brucejack gold mine in BC

VANCOUVER — Pretium Resources’ (TSX: PVG; NYSE: PVG) new 8.7 million oz. Brucejack gold mine in northwestern B.C.’s Golden Triangle district is “well on its way” to becoming a 500,000 oz. per year gold producer, says president and CEO Joseph Ovsenek.

The post Pretium ramps up Brucejack gold mine in BC appeared first on Canadian Mining Journal.

10.23.2017

North Bay budgets for new arena

New facility is expected to be open in 2020

10.23.2017

Kibali prepares for completion of underground mine

The Kibali gold mine remains on track to achieve its production target of 610 000 ounces this year, as its underground operations and the integration and automation of the vertical shaft enters […]

10.23.2017

Drone company signs agreement with Wolseley

Two parties are discussing ways to expand Wolseley’s distribution network

10.23.2017

Potash, Agrium merger moves toward final hurdles – by Jeffrey Jones (Globe and Mail – October 23, 2017)

https://beta.theglobeandmail.com/ More than a year in the making, the merger of Potash Corp. of Saskatchewan Inc. and Agrium Inc. looks to be inching to completion. India – one of several countries with a say in the tie-up of two Canadian-based fertilizer producers – gave its blessing last week, on the condition some minority international interests […]

10.23.2017

Surprise, you owe Tanzania $300 million and 50% of what your gold mine makes – by Tom Wilson and Omar Mohammed (Financial Post/Bloomberg – October 20, 2017)

http://business.financialpost.com/ Acacia Mining Plc’s tumultuous year doesn’t seem likely to ease up any time soon. The gold miner’s shares surged as much as 41 per cent Thursday, after controlling shareholder Barrick Gold Corp. said it moved closer to resolving a crippling dispute with Tanzanian authorities. Yet it seems Acacia itself — which must approve any […]

10.23.2017

Special Report: Grasberg mine talks signal Indonesia’s strengthening resolve – by Alexander Macleod (Global Risk Insights – October 21, 2017)

Despite some issues concerning the Indonesian government’s divestment plans for the province of Papua’s Grasberg mine, there are growing signs that Indonesia will get its way. Nevertheless, Indonesia’s ruthless treatment of Freeport will alert future investors. This year has been unforgiving to Freeport McMoRan Inc, an invaluable player in Indonesia’s mining sector. On August 29, […]

10.23.2017

Hillary Clinton, Canadian company at heart of controversy Trump and his supporters want to resurrect – by Tom Blackwell (National Post – October 21, 2017)

http://nationalpost.com/ The 2010 sale of Uranium One to Russian interests — and allegations that Canadian donations to the Clinton Foundation eased its approval in U.S. — has new life It’s the Russia controversy that President Donald Trump and his supporters would love the world to focus on, and it centres largely around a Toronto-based mining […]

10.23.2017

Dangerous intersection of law, politics, business and human rights -by Penny Collenette (Toronto Star – October 22, 2017)

https://www.thestar.com/ Penny Collenette is an adjunct professor of law at the University of Ottawa and was a senior director of the Prime Minister’s Office for Jean Chrétien. Back in the day, business simply required a legal license to operate. The “corporate veil” was rarely pierced as management expected to run its operations with little outside […]

10.23.2017

Circle Mining District reunion relives gold rush history – by Kris Capps (Fairbanks Daily News-Miner – October 22, 2017)

http://www.newsminer.com/ FAIRBANKS — When the price of gold went up in the early 1970s, a new generation of gold miners jumped on the opportunity to strike it rich. That renewed interest in mining created the second gold rush in the Circle Mining District of Interior Alaska. “The Circle Mining District, in the 1980s, collectively with […]

10.23.2017

Caledonia owned Gwanda Mine declares dividend

Toronto listed Caledonia Mining Corporation which owns a 49% stake in a Zimbabwean gold producer has declared a dividend of $0.07 per share. “Stockholders of record on Thursday, October 12th […]

10.23.2017

New Gold reaches commercial production at Rainy River

Company said it reached production two weeks ahead of schedule

10.23.2017

Museum of miners’ art to open as part of Bishop Auckland culture drive – by Maev Kennedy (The Guardian – September 11, 2017)

https://www.theguardian.com/ A unique collection of paintings by Durham miners, many made by men who spent their working lives underground and their nights painting on kitchen tables, in attics or garden sheds, will go on display in the first museum in the UK dedicated to such art. The museum is being created in a former bank […]

10.23.2017

Petra Diamonds revenue takes hit from Tanzania crackdown

Petra Diamonds first quarter revenue fell by 17% after the government of Tanzania last month seized a consignment of diamonds from its Williamson mine. The owner of the Cullinan mine […]

10.23.2017

Barrick Gold hopes to strike it rich with Fraser Canyon ski resort – by Susan Lazaruk (The Province – October 22, 2017)

http://theprovince.com/ Barrick Gold Corp. is floating the idea of turning an old nickel mine near Hope into a year-round recreational resort Is there gold in the hills above Hope? Barrick Gold Corp. is floating the idea of turning an old nickel mine in the area into a year-round recreational playground called the Giant Nickel All […]