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Mining Industry News

Rusal to start aluminium output at Russian project by June – CEO

Posted April 27th 2015 at 5:02 pm

Top aluminium producer United Company Rusal will start producing metal at its Boguchansk project, in Russia, by June and will ramp up output over the following year depending on demand, the company's chief executive said on Monday. Weak aluminium prices are forcing many producers to curtail output of the metal.

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Mongolia signals it will not pay $100m to Canadian miner

Posted April 27th 2015 at 3:51 pm

Mongolia signalled on Monday it will not abide by an international tribunal's order to pay more than $100-million to Canadian uranium explorer Khan Resources. A decision not to pay the sum, awarded to Khan in a incensing dispute, could set back efforts by the government of the landlocked Asian nation to lure back foreign investors by resolving longstanding quarrels with miners such as Rio Tinto.

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NEWS RELEASE: VALE AND THE UNITED STEELWORKERS REACH TENTATIVE DEAL IN SUDBURY & PORT COLBORNE

Posted April 27th 2015 at 3:29 pm

SUDBURY, April 27 2015 – Vale and United Steelworkers (USW) Local 6500 and Local 6200 are pleased to announce that an early tentative agreement has been reached on a new five-year contract for Production & Maintenance employees in Sudbury and Port Colborne. The new 5-year Collective Bargaining Agreement (CBA) will come into effect on June […]

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Philippine mining regulator cautious on nickel prices – by Erik dela Cruz (Reuters U.S. – April 27, 2015)

Posted April 27th 2015 at 2:51 pm

http://www.reuters.com/ MANILA – (Reuters) – The Philippines’ mining industry regulator said on Monday two new nickel mines would help boost production of the country’s top metal export this year, but prices may remain weak amid tepid demand from top consumer China. The Southeast Asian country was last year’s biggest nickel ore supplier to China’s producers […]

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Vale loses fight to skip daily cage inspections – by Darren MacDonald (Sudbury Northern Life – April 24, 2015)

Posted April 27th 2015 at 2:48 pm

http://www.northernlife.ca/ Company argued checking safety backups daily was a waste of time Vale Canada Ltd. has lost an appeal of a Ministry of Labour order to do daily checks of a safety mechanism on mining shaft elevators that prevent them from free-falling in case of a malfunction. In an Ontario Labour Board decision released April […]

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China’s young leave state ranks to chase riches at tech startups

Posted April 27th 2015 at 1:09 pm

People like Ma are inspiring a generation to become entrepreneurs and seek their fortune in the private sector, just as a crackdown on corruption makes it less prestigious and lucrative to be a civil servant.

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Telfer, Giustra deny they tried to influence Russian uranium deal with donations to Clinton Foundation – by Peter Koven National Post – April 25, 2015)

Posted April 27th 2015 at 12:52 pm

The National Post is Canada’s second largest national paper. A pair of Canadian mining magnates are denying suggestions that they donated to the charitable foundation of former President Bill Clinton and his family to help win U.S. approval to sell a uranium company to Russia. Frank Giustra said the allegations have nothing to do with him, and […]

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Federal help in Ring of Fire linked to community benefits (Thunder Bay Chronicle-Journal – April 25, 2015)

Posted April 27th 2015 at 12:26 pm

Thunder Bay Chronicle-Journal is the daily newspaper of Northwestern Ontario. The federal government needs to see the potential for community benefits before investing in the Ring of Fire development. That’s the message Aime Dimatteo, director general for FedNor, gave during his presentation at the Northwestern Ontario Municipal Association conference, which was held this week in Thunder […]

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NEWS RELEASE: First Nation Chiefs seek fair, inclusive and transparent bidding process for Cliffs Chromite assets

Posted April 27th 2015 at 12:24 pm

MARTEN FALLS FIRST NATION, ON, April 25, 2015 /CNW/ – The leaders of Marten Falls First Nation and Aroland First Nation are expressing disappointment that the bidding process for the Cliffs Chromite project assets, as currently managed, has not been inclusive and transparent, leading to a potential unfair and biased outcome. The leaders assert there […]

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Sudbury inquest: Stobie conditions ‘very, very wet’ – by Carol Mulligan (Sudbury Star – April 25, 2015)

Posted April 27th 2015 at 12:22 pm

The Sudbury Star is the City of Greater Sudbury’s daily newspaper. If he had seen conditions like those he witnessed after a run-of-muck incident at Vale’s Stobie Mine in 2011, he would have issued a stop-work order to cease production, said a Ministry of Labour mining inspector. Will Thomson testified at Day 5 of a coroner’s inquest […]

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What to do if the CRA comes calling

Posted April 27th 2015 at 9:00 am

Knowing what has piqued the government’s interest can help the taxpayer prepare answers and documentation, experts say

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Business or personal? How to stay on the taxman’s good side

Posted April 27th 2015 at 9:00 am

Sloppy recordkeeping could cost you money, experts say

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Apps simplify bookkeeping, payment of taxes

Posted April 27th 2015 at 9:00 am

Being able to pay bills and business taxes with a credit card makes rewards fans happy

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Tax advice for entrepreneurs, no strings attached

Posted April 27th 2015 at 9:00 am

From non-profits to high-priced consultancies, taxpayers can find helpful information on the Web

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King Solomon’s Mines (American Themed Mining Movie – 1950)

Posted April 26th 2015 at 9:12 pm

  http://en.wikipedia.org/wiki/Main_Page King Solomon’s Mines is a 1950 adventure film, the second of five film adaptations of the 1885 novel by the same name by Henry Rider Haggard. It stars Deborah Kerr, Stewart Granger and Richard Carlson. It was adapted by Helen Deutsch, directed by Compton Bennett and Andrew Marton and released by Metro-Goldwyn-Mayer. Plot[edit] […]

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Gold Is Where You Find It (American Mining Movie – 1938)

Posted April 26th 2015 at 8:02 pm

  http://www.tcm.com/ Although it was one of the biggest epic movies Warner Brothers produced at the time, Gold Is Where You Find It (1938) is little remembered today, but with a top director, an excellent cast and beautiful color, it is a find worth digging up. Warner Brothers’ second movie to be shot in the […]

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Gold Rush Maisie (American Themed Mining Movie – 1940)

Posted April 26th 2015 at 6:53 pm

http://en.wikipedia.org/wiki/Main_Page Gold Rush Maisie is a 1940 drama film, the third of ten films starring Ann Sothern as Maisie Ravier, a showgirl with a heart of gold. In this entry in the series, she joins a gold rush to a ghost town. The film was directed by Edwin L. Marin. On the way to an […]

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U3O8 Corp forms local partnership on concessions next to Argentina project

Posted April 24th 2015 at 9:19 pm

Canadian uranium explorer U3O8 Corp has signed an exploration agreement with the provincial petroleum and mining company of Chubut province, Argentina, which would allow it to explore properties located next to its own Laguna Salada uranium deposit. Should it succeed to define resources on the concessions, the agreement provided that the companies form a joint venture on a larger Laguna Salada deposit.

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Southern Copper reports lower Q1 profit as river spill clean-up costs mount

Posted April 24th 2015 at 8:21 pm

Mexican mining giant Grupo Mexico subsidiary Southern Copper has reported a 12.7% slide in profit for the three months ended March 31, as expenses related to the Sonora river spill last year impacted the bottom line. The NYSE- and BVL-listed miner reported net income of $282.4-million, which was 22.2% of net sales, lower than the net income of $323.4-million, or 23.9% of net sales in the comparable quarter last year.

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Peru says it could ask for changes to Southern Copper project amid protests

Posted April 24th 2015 at 7:16 pm

Peru's energy and mines minister said on Friday the government could ask Southern Copper to make further changes to its $1.4-billion Tia Maria project if needed after protests by farmers turned deadly this week. Rosa Maria Ortiz said the government was focused on restarting talks with opponents of the openpit copper project, who fear it will pollute surrounding agricultural valleys.

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