Mining Industry News
Posted December 22nd 2014 at 6:00 amThis year, The University of the Witwatersrand’s School of Mining Engineering hosted a mining industry forum, with a focus on the application of technology in mining. The two-day forum was […]
Posted December 21st 2014 at 10:00 amAmy Nichols is the founder and CEO of the doggy daycare, boarding and spa franchise Dogtopia, owned by U.S.-based Dogtopia Enterprises LLC. Peter Thomas, who built the Century 21 real estate franchise in Canada and developed the Four Seasons Resort in Scottsdale, Arizona, has acquired the franchising rights in Canada, opening the first Dogtopia location in Coquitlam, B.C.
Posted December 20th 2014 at 3:02 pmIt is that time of year again! Noront Resources’ employees are running our Sixth Annual Ring of Fire Christmas Fund. Over the past 5 years Noront has raised over $75,000 in donations, and has ensured that each child under the age of 13 living both on and off reserve in the communities of Marten Falls […]
Posted December 20th 2014 at 10:00 amHave you ever noticed some people are able to stay organized while getting a massive quantity of work accomplished, while others appear to be busy but never actually produce results? Time management is the key to becoming a successful entrepreneur. We can have all of the best ideas in the world, but if we do not have a system to get our tasks completed, we will fail.
Posted December 20th 2014 at 12:33 amOne of the world’ largest undeveloped gold and copper projects, Seabridge Gold’s KSM project, in north-west British Columbia, has received the nod of approval from Canada’s Minister of the Environment Leona Aglukkaq, marking the end of a nearly seven-year journey to complete the joint harmonised federal and provincial environmental assessment process. KSM was only the second metal mine in five years to receive approval by Canada and British Columbia. It’s the world’s largest undeveloped gold/copper project by reserves.
Posted December 19th 2014 at 11:15 pmUS coal producer Alpha Natural Resources affiliated mining operations has settled three selenium-discharge law suits brought by four environmental organisations. Selenium is a naturally occurring element that could be released into streams as a by-product of some common earth moving activities, including surface mining.
Posted December 19th 2014 at 11:01 pmRio Tinto Subsidiary Turquoise Hill Resources on Friday reported that despite a recent concentrator fire at the massive Oyu Tolgoi copper/gold mine, in Mongolia, the operation was on track to meet its expected full-year output. Turquoise Hill in October reduced its 2014 forecasts for gold and copper output due to delays in advancing mine development in the third quarter.
Posted December 19th 2014 at 10:30 pmTSX-listed Sherritt International Corp on Firday announced that it had inked two more production sharing contracts (PSCs) with Cuba, where it has oil and gas assets. The new blocks, 8A and 10, are located in Central and Northern Cuba and cover areas of 967 km2 and 261 km2, respectively.
Posted December 19th 2014 at 9:42 pmZambia's decision to hike royalty rates on open pit mining from 6% to 20% will lead to shaft closures and 12 000 job losses, the chamber of mines said on Friday. Barrick Gold said on Thursday it would suspend operations at its Lumwana Copper Mine after royalty increases were passed into law in the 2015 budget. Lumwana produced around 118 000 t of copper in 2013.
Posted December 19th 2014 at 9:39 pmThe expansion of Chilean copper company Codelco's El Teniente underground mine has fallen around two to three years behind schedule, CEO Nelson Pizarro said on Friday. Pizarro, who took the helm at the world's No 1 copper producer earlier this year, added that the El Teniente expansion will require $2-billion more than initially planned.
Posted December 19th 2014 at 9:37 pmColombia's Environment Ministry announced it had fixed the boundaries of an ecologically delicate moorland in the country's northeast, a decision that would affect two of three miners with a licence to explore or develop mining there. Environment Minister Gabriel Vallejo said 100 000 ha of land in the area known as the Paramos would be "totally protected" by the new regulation whose development in the last couple of years had left the viability of mining projects there uncertain.
Posted December 19th 2014 at 9:35 pmPeople have tossed gold and silver pieces into Salvation Army holiday kettles but a gold tooth found this week in Kansas City was a local first, an organisation leader said on Friday. "It's the whole tooth, with the root and everything," said Rick Carroll, who is in charge of the Salvation Army in the northern portion of Kansas City. "It really looks strange."
Tax hike, copper prices force Barrick to shutter Zambian mine – by Rachelle Younglai (Globe and Mail – December 19, 2014)
Posted December 19th 2014 at 7:25 pmThe Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite. Barrick Gold Corp. said it will suspend operations at its Zambian copper mine and record an impairment charge after the African country’s government more than tripled its mining royalties. The […]
Western firms reduce Eritrean miners to ‘abject slavery’, UK MPs say – by Mark Anderson (The Guardian – December 19, 2014)
Posted December 19th 2014 at 7:16 pmhttp://www.theguardian.com/uk Early day motion slams mining companies for using forced labour in collusion with repressive Eritrean government and adding to the country’s human exodus Western mining companies operating in Eritrea are reducing workers to “abject slavery” at their mines and worsening a human exodus that is driving more than 5,000 people out of the country […]
Uralkali Gains Most in 5 Years on Output Goal, Share-Deal Delay – by Yuliya Fedorinova (Bloomberg News – December 18, 2014)
Posted December 19th 2014 at 5:41 pmhttp://www.businessweek.com/ OAO Uralkali jumped the most more than five years in Moscow as the largest potash company raised its output goal even after one mine was halted by flooding and it delayed a share deal that would have left it less room to pay dividends. “With increased capacity utilization at other mines, we intend to […]
Vale SA: Overview of the world’s largest iron ore company – by Annie Gilroy (Market Realist – December 17, 2014)
Posted December 19th 2014 at 5:37 pmhttp://marketrealist.com/ Operations Vale SA (VALE) is a Brazilian multinational diversified metals and mining company. It is the world’s largest producer of iron ore and iron ore pellets and the world’s second-largest producer of nickel. It also produces manganese ore, ferroalloys, coal, copper, PGMs (platinum group metals), gold, silver, cobalt, potash, phosphates, and other fertilizer nutrients. […]
Will Cliffs Natural Resources Inc (CLF) Go Bankrupt? – by Troy Kuhn (Bidnessetc.com – December 19, 2014)
Posted December 19th 2014 at 5:35 pmhttp://www.bidnessetc.com/ Cliffs Naturals Resources Inc stock has plunged over the last year, and its weak balance sheet points to a grim future Cliffs Natural Resources Inc (NYSE:CLF) has had a miserable year. The company has lost around three-quarters of its market capitalization, and Credit Suisse recently downgraded the iron miner’s price target to $1. Cliffs […]
‘There will be some blood’: Will Canada’s oilpatch be able to withstand the price onslaught? – by Yadullah Hussain (National Post – December 19, 2014)
Posted December 19th 2014 at 5:33 pmThe National Post is Canada’s second largest national paper. There will be bloodletting and pain as the impact of low oil prices reverberates through the Canadian oilpatch, but the industry is entering the downturn from a position of strength, according to analysts. “There will be some blood on the streets, but if companies can keep their cash […]
Canada needs to defend its own security interests in the Pacific, instead of relying on Americans – by Matthew Fisher (National Post – December 19, 2014)
Posted December 19th 2014 at 5:31 pmThe National Post is Canada’s second largest national paper. The great ditherer, U.S. President Barack Obama, has finally begun his vaunted Asian pivot. More top-of-the-line American fighter jets are to be based in the western Arctic, Hawaii and Asia. Submarines and surface warships, including an aircraft carrier, are being permanently repositioned right now from the Atlantic to […]
Natural Resources Minister Greg Rickford says Ring of Fire oversight body needs overhaul – by Peter Koven (National Post – December 19, 2014)
Posted December 19th 2014 at 1:45 pmThe National Post is Canada’s second largest national paper. TORONTO – The Ontario government wants Ottawa to pony up $1 billion for the massive “Ring of Fire” mineral belt, but the federal natural resources minister is warning that key structural challenges still need to be overcome. Foremost among these is the fact Ontario has stacked the four […]