Industry News

05.25.2018

Northern Dynasty Sinks Along With First Quantum Alaska Deal – by Danielle Bochove (Bloomberg News – May 25, 2018)

https://www.bloomberg.com/ Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska. The two companies were unable to reach an agreement on a proposed deal disclosed in December, Northern Dynasty said Friday in a statement. The arrangement would have given […]

05.25.2018

Zimbabwe: Mining Speculators Invade Great Dyke – by Owen Gagare and Blessed Mhlanga (All Africa – May 24, 2018)

http://allafrica.com/ The politically well-connected Cypriot Pouroulis family — which is close to President Emmerson Mnangagwa — and is associated with speculation in mining has hit the jackpot in Zimbabwe. After clinching a dodgy US$4,2 billion platinum investment deal with government in March through its company Karo Resources Limited, it has now acquired three vast special […]

05.25.2018

Timmins gearing up for 2018 Canadian Mining Expo

Tradeshow, networking event slated for June 6-7

05.25.2018

COLUMN-China opening may spark iron ore to become more like crude oil – by Clyde Russell (Reuters U.S. – May 25, 2018)

https://www.reuters.com/ SINGAPORE, May 25 (Reuters) – In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive, iron ore […]

05.25.2018

Vale to transition Creighton deep zone to all-electric fleet – by By Kelsey Rolfe (CIM Magazine – May 2018)

http://magazine.cim.org/en/ Vale will swap old diesel equipment at Creighton for electric, and develop Upper Kelly Lake, Victor projects as fully electric mines Vale Base Metals is transitioning its Creighton deep zone to an electric vehicle fleet, and designing its future greenfield operations to be all-electric. As vehicles in Creighton’s deep zone fleet reach the end […]

05.25.2018

Agarwal Wants to Build Indian Commodity Giant to Rival Majors – by Thomas Wilson and Thomas Biesheuvel (Bloomberg News – May 25, 2018)

https://www.bloomberg.com/ Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest. The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. […]

05.25.2018

Underground turnaround: How North American Palladium came back from the brink – by Graham Chandler (CIM Magazine – May 2018)

http://magazine.cim.org/en/ For most of 2015, things were not looking good for North American Palladium (NAP). On April 16 its stock price cratered so low the New York Stock Exchange suspended trading of the company’s shares. In August the company went through a financial restructuring that saw Brookfield Asset Management become a 92 per cent owner […]

05.25.2018

A Legacy of Mining Busts Haunts Chile’s Lithium Dreams – by Laura Millan Lombrana (Bloomberg News – May 25, 2018)

https://www.bloomberg.com/ Dozens of towns abandoned after a collapse in nitrate prices offer a cautionary tale for the next hot commodity. Chile knows what it is to be expendable. Ghost towns that pepper the nation’s north are a painful reminder of a time when it was replaced almost overnight as the world’s top fertilizer producer. These […]

05.25.2018

De Beers working on its legacy for Victor Mine

Production expected to end in February 2019

05.25.2018

Victor closure may not be the last seen of De Beers – by Ron Grech (Timmins Daily Press – May 24, 2018)

http://www.timminspress.com/ TIMMINS – De Beers Canada has been actively searching for an opportunity to prolong its stay in Attawapiskat, beyond the lifespan of the Victor diamond mine. The Victor mine is set to end production in February 2019. However, Tom Ormsby, head of external and corporate affairs for De Beers Canada, says there are still […]

05.25.2018

Electric vehicles seen driving cobalt crunch by mid-2020s – by Salvador Rodriguez (Reuters U.S. – May 24, 2018)

https://www.reuters.com/ LAS VEGAS (Reuters) – The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in rechargeable batteries. […]

05.25.2018

How dreams of ‘Mount Cobalt’ are dividing an old mining town – by Gabriel Friedman (Financial Post – May 24, 2018)

  http://business.financialpost.com/ As cobalt prices spike, some support levelling and gutting Cobalt, Ont., for mining’s return and economic prosperity, but others find the prospect ‘heartbreaking’ Gino Chitaroni keeps five different business cards arrayed at the front of his desk: He’s a geologist, prospector, land manager, salesman and, for many people, a go-to source of information […]

05.25.2018

Potential new source of revenue found at Black Fox complex

McEwen Mining releases updated mineral resource

05.25.2018

Ministry orders Glencore to beef up safety

Stop work orders issued at Falconbridge plant

05.24.2018

Cybercrime becoming national security, says tech expert

Legendary undercover crime expert talks tough on cyber security at Laurentian U Tech Day event in Sudbury

05.24.2018

‘Level playing field’ needed to help short-line railways

Railway Association of Canada repeats call on government for infrastructure money

05.24.2018

POTASH: Encanto de-risks Muskowekwan project

SASKATCHEWAN – Encanto Potash Corp. of Vancouver has developed a strategic plan to advance its proposed potash solution mine located on Muskowekwan First Nation land to shovel ready status. Since Richard Lively joined the company earlier this month, Encanto has

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05.24.2018

GOLD: Moneta reports high grades from step-out drilling at Golden Highway

ONTARIO – Toronto-based Moneta Porcupine Mines is reporting high grades from step-out drilling at the South West deposit located at the Golden Highway project 110 km east of Timmins. The work continues to extend the strike and depth of the

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05.24.2018

COBALT: Castle drilling yields high grades for Canada Cobalt

ONTARIO – Canada Cobalt Works of Vancouver says it is making good progress at the former Castle cobalt-silver mine near the town of Cobalt. The first underground level has been rehabilitated so that underground drilling can be done on cobalt-rich

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05.24.2018

MINING PEOPLE: Detour Gold, Hecla Mining, Leagold, and Moneta Porcupine

Toronto’s Detour Gold Corp. says Paul Martin will be retiring as president and CEO effective June 1, 2018. Chairman Michael Kenyon will assume the role of interim CEO and Alex Morrison will assume the role of chairman. Hecla Mining Co.,

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