Mining Industry News
Posted October 24th 2016 at 8:59 pmExplorer Fission Uranium has confirmed new high-grade mineralisation at the R840W zone, currently outside of the Triple R resource area, and also at the main R780E zone, beneath the Triple R deposit, at its Patterson Lake South (PLS) property, located in Canada's Athabasca Basin region. The Kelowna, British Columbia-based company on Monday reported that final assay results from its summer drilling campaign, which includes hole PLS16-504 on zone R840W that returned 25.95% uranium oxide (U3O8) over 4 m, in 10.03% U3O8 over 11 m.
Posted October 24th 2016 at 8:00 pmMaritime Canada-focused copper producer Rambler Metals and Mining has managed to lower costs by more than 18% for the year ended July 31, but booked another sizeable write-down on its flagship Ming mine, in Newfoundland. The London, England-based company reported that C1 cash costs fell on average to $1.72/lb from $2.11/lb, but the anaemic copper market eclipsed this operational improvement, falling to $2.20/lb from $2.87 in fiscal 2015.
Posted October 24th 2016 at 8:00 pmHeuristext lets people with low literacy use the internet while increasing reading proficiency
De Beers spending more on South African diamond exploration – by Martin Creamer (MiningWeekly.com – October 24, 2016)
Posted October 24th 2016 at 7:53 pmhttp://www.engineeringnews.co.za/ JOHANNESBURG (miningweekly.com) – Diamond mining company De Beers Consolidated Mines (DBCM) is spending more on exploration as it searches for a new diamond mine to augment its two existing South African diamond mines – Venetia, in Limpopo province, and Voorspoed, in the Free State. DBCM CEO Phillip Barton, who spoke to Mining Weekly Online […]
Posted October 24th 2016 at 7:07 pmSault Ste. Marie entrepreneur Melissa Kargiannakis is seeking capital to help send her to California for an accelerator program designed for women.
Posted October 24th 2016 at 6:30 pmAngelList is coming to Canada, announcing it has received regulatory approval to launch a platform in Ontario that will provide early-stage financing to startup companies
Sudbury reflects on 10 years since foreign takeovers of Inco and Falconbridge (CBC News Sudbury – October 23, 2016)
Posted October 24th 2016 at 4:17 pmhttp://www.cbc.ca/news/canada/sudbury/ Many in Sudbury feel a merger between the two local mining companies would have been best It has been 10 years since the foreign takeovers of Sudbury’s two homegrown mining companies. And the debate continues over whether or not this has tarnished the Nickel Capital over the last decade. Vale — then known as […]
Posted October 24th 2016 at 3:01 pmGold mining major Gold Fields announced earlier today that it would like to increase gold production from its West African assets to a million ounces a year. The company currently owns and operates two mines in Ghana, namely Damang and Tarkwa, which Gold Fields West Africa head Alfred Baku noted would jointly be able to produce about 800 000 oz/y at peak operating performance.
Mining giants including BHP, Rio, set for $US18bn coal boost – by Marcus Leroux (The Australian – October 24, 2016)
Posted October 24th 2016 at 2:41 pmhttp://www.theaustralian.com.au/ An unlikely resurgence in the price of coal could deliver an $US18 billion ($A23.6bn) boost to the four big mining groups listed in London. Despite falling foul of increasingly stringent environmental regulations around the world, the unfashionable fuel has rebounded spectacularly this year, making it one of the best-performing commodities. The leap in prices […]
Is Yellowknife ready to reckon with its toxic legacy? – by Richard Gleeson (CBC North News – October 23, 2016)
Posted October 24th 2016 at 2:40 pmhttp://www.cbc.ca/news/canada/north/ Gold smelters emitted 19,000 tonnes of arsenic during half-century of mining Winter is returning to the subarctic city of Yellowknife, bringing its snow and ice, the only barriers between people and a toxic legacy of the city’s gold mining history. During more than half a century of mining, 19,000 tonnes of arsenic trioxide dust […]
Ohio’s US Senators Call for WTO Action Against Chinese Aluminum Firms – by Staff (Alumimium Insider – October 23, 2016)
Posted October 24th 2016 at 2:39 pmhttp://aluminiuminsider.com/ Ohio’s two United States senators issued a joint press release on Friday urging the United States Trade Representative to bring a World Trade Organization case against the People’s Republic of China over its aluminium overcapacity. The senators say that 15,000 American workers have lost their jobs in the industry over the last decade. “China […]
Government not doing enough on violence near Canadian-owned mines: Report – by Marina Jimenez (Toronto Star – October 24, 2016)
Posted October 24th 2016 at 2:37 pmhttps://www.thestar.com/ A new report that documents 15 years of violence near Canadian mines in Latin America says the federal government is not doing enough to address the problem. The study, published Monday, charts 44 deaths, 403 injuries and 709 arrests, detentions and charges from 2000-2015 that the authors link to 28 Canadian companies’ mining projects […]
Posted October 24th 2016 at 2:17 pmXtract Resources’ decision to no longer provide finance to Minera Polar Limitada, the owner of the Chepica gold/copper mine, in Chile, has stopped the severe financial haemorrhaging the company had suffered over the past year. In September, Xtract decided to pull the plug on its investment in the mine, as costs and technical challenges made it unviable.
Posted October 24th 2016 at 2:00 pmThe Confederation of Namibian Fishing Associations’ (CNFA) has asked the Namibian Ministry of Environment and Tourism to explain how they cleared marine phosphate mining in the country. This comes after […]
Posted October 24th 2016 at 2:00 pmA new market square will transform a key portion of Fort Frances’ downtown into a gathering place for citizens, injecting the downtown with new vibrancy.
Green activists must not usurp [Australian] national sovereignty – Editorial (The Australian – October 24, 2016)
Posted October 24th 2016 at 1:43 pmhttp://www.theaustralian.com.au/ To paraphrase John Howard, we should decide what mining projects are opened up in this country and the circumstances in which they open. Such authority rests with Australia’s democratically elected representatives and established government processes. It does not belong with overseas governments (including prospective US presidents or their staff), self-appointed meddling international activists or […]
Foreign-funded anti-coal activists risk driving India away – by Dennis Shanahan and Michael McKenna (The Australian – October 24, 2016)
Posted October 24th 2016 at 1:41 pmhttp://www.theaustralian.com.au/ A highly orchestrated, secretly foreign-funded group of Australian environmental activists opposing the $16 billion Adani coalmine in Queensland has “dampened” Indian investment interest in Australia and received heated criticism from the federal Coalition and Queensland Labor governments. Indian Power Minister Piyush Goyal told The Australian yesterday the years of legal challenges to the vast […]
[Mesabi Iron Range] FOOTPRINTS OF A GIANT – by Aaron Brown (Hibbing Daily Tribune – October 23, 2016)
Posted October 24th 2016 at 1:30 pmhttp://www.hibbingmn.com/ Once, a few years ago, I was overcome with the urge to climb a roadside berm at an Iron Range taconite mine. I drove by this spot all the time, but couldn’t picture what was on the other side. So I did it. (Don’t try this at home kids). I scrambled up the side […]
An 8,000-Mile Journey Spurs Vale Shift as Iron Outlook Fades – by R.T. Watson and David Stringer (Bloomberg News – October 21, 2016)
Posted October 24th 2016 at 1:24 pmhttp://www.bloomberg.com/ For years, Brazil’s Vale SA fought with rival iron-ore producers in Australia to supply the fast-expanding steel industry in China by building more mines and boosting output. But slowing demand and prospects of a multiyear glut are changing the battle lines. Now, it’s all about protecting ever-narrowing profit margins. The challenge for Vale is […]
Posted October 24th 2016 at 12:02 pmA combination of tough economic times and the company’s enterprise risk management (ERM) strategy required Exxaro to change its governance, risk and compliance (GRC) management system. These changes brought about […]