Mining Industry News
Posted April 18th 2014 at 3:46 pmTiffany Pope interviews Jamie Manz, the founder of Poop Fighters, an Ontario company that picks up your dog's poop from your own backyard
Posted April 18th 2014 at 9:00 amMarc A. Bovet is the founder and president of Bone Structure, a patented construction system for assembling houses as quickly and easily as snapping together Lego
Posted April 18th 2014 at 9:00 amThere’s a good chance that your brand is committing one or more of the following brand mistakes. These short term measures only create long-term expenses for your marketing efforts, so dodging them in advance is a surefire ticket to savings
Posted April 17th 2014 at 10:24 pmGold production in Peru, the world's sixth biggest exporter of the precious metal, will likely either plateau or dip slightly this year compared with 2013, mining companies, analysts and the government said. Gold output will fall by at least 4% in 2014 to between 4.4-million and 4.6-million ounces, according to company and analyst estimates.
Posted April 17th 2014 at 10:21 pmThe investment arm of OMERS has become one of the country’s most important venture capital sources for small companies
Posted April 17th 2014 at 9:52 pmPeru-focused uranium explorers Macusani Yellowcake and Azincourt Uranium on Friday announced that they had inked a nonbinding letter of intent under which Macusani could acquire all of Azincourt’s neighbouring uranium properties on the Macusani Plateau for 68.35-million Macusani shares. If the all-scrip deal goes ahead as planned, Macusani would on a pro-forma basis gain control of one of the largest undeveloped uranium projects in the world, containing substantial National 43-101-compliant measured, indicated and inferred uranium resources.
Posted April 17th 2014 at 8:30 pmDuring the last several months a group of entrepreneurial junior mineral explorers have floated the idea of broaching the fledgling medical marijuana industries of Canada and the US, keeping some of their penny stocks afloat amidst a moribund junior resources market environment. While the current medical marijuana industry is highly fragmented, significant recent changes enacted by Health Canada, which would likely consolidate growers into larger commercial operations, had opened the door to first movers in a new uncharted industry that could result in handsome profits.
Posted April 17th 2014 at 7:52 pmTORONTO – Yamana Gold has received commitments for a two-year, US$750-million senior unsecured term facility. The company intends to use the money for corporate and working capital, including Yamana's cash portion of Osisko Mining...
Posted April 17th 2014 at 7:51 pmYUKON – Kaminak Gold Corp. of Vancouver is encouraged that column leach tests of bulk, coarsely crushed surface oxide samples from the Coffee gold project 130 km south of Dawson City resulted in gold recoveries between 85% and 88%....
Posted April 17th 2014 at 7:50 pmAthabasca Nuclear Corp. of Calgary has named Ryan Kalt to the role of CEO. He had been serving as CEO for several weeks in an interim capacity. Under his leadership, the company has shifted its focus to the Preston uranium project in northern...
Posted April 17th 2014 at 7:48 pmUranerz Energy (TSX: URZ; NYSE-Arca: URZ) has become the newest member of a small club of uranium producers after its first uranium mine, Nichols Ranch, received final clearance from the U.S. Nuclear Regulatory Commission and began production...
Posted April 17th 2014 at 5:24 pmChina has revealed plans to consolidate operations in the world’s most prolific flake graphite producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the global supply structure of the industry, UK-based analyst Industrial Minerals Data (IM Data) manager Simon Moores said. China had officially announced plans to crack down on polluting flake graphite operations and start consolidation of the mines within the next 18 months.
Proxy adviser backs Augusta poison pill as hostile bid looms – by Bertrand Marotte (Globe and Mail – April 17, 2014)
Posted April 17th 2014 at 4:07 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. Augusta Resource Corp. says a leading independent proxy advisory firm is recommending that shareholders vote for the continuation of the company’s defence plan in the face of the hostile takeover […]
Union raids the subject of author Mick Lowe’s 5th book – by Heidi Ulrichsen (Sudbury Northern Life – April 16, 2014)
Posted April 17th 2014 at 3:39 pmhttp://www.northernlife.ca/ Mick Lowe said his disability was actually a benefit when it came to writing his soon-to-be published novel, “The Raids.” The book is set in 1963, during a particularly violent time in Sudbury’s history — the Steelworkers’ raids on the then-powerful Mine Mill union. “The Raids,” (Baraka Books, $20), is due to be officially […]
Posted April 17th 2014 at 3:11 pmGlobal investment research and proxy advisory form Glass Lewis & Co has recommended that shareholders of copper project developer Augusta Resource Corp vote to keep the rights plan in place at the shareholders meeting on May 2. In its report, Glass Lewis stated, “…we believe that in a matter as important as a shareholder rights plan, shareholders ought to have a say as to whether or not they support such a plan's implementation…. Its potential impact on and relation to shareholders is direct and substantial.”
Osisko Mining CEO Sean Roosen lashes out at Canada’s ‘predatory’ takeover process – by Nicolas Van Praet and Peter Koven (National Post – April 17, 2014)
Posted April 17th 2014 at 2:56 pmThe National Post is Canada’s second largest national paper. MONTREAL/TORONTO – Sean Roosen never wanted to sell Osisko Mining Corp. The chief executive of Quebec’s biggest home-grown miner has said repeatedly that Goldcorp Inc. ambushed him with a hostile offer before he even got the chance to prove what kind of money his main production asset, the Malartic […]
Osisko Mining deal leaves Vancouver’s Goldcorp out in the cold (updated) – by Craig Wong (Vancouver Sun – April 16, 2014)
Posted April 17th 2014 at 2:55 pmhttp://www.vancouversun.com/index.html Friendly deal valued at $3.9 billion will see the gold miner acquired by Yamana Gold and Agnico Eagle Mines Ltd. Osisko Mining Corp. (TSX:OSK) announced a new friendly deal Wednesday valued at $3.9 billion that will see the gold miner acquired by Yamana Gold and Agnico Eagle Mines Ltd. The offer for the company and […]
I want to be a geoscientist. What will my salary be? – by Brenda Bouw (Globe and Mail – April 16, 2014)
Posted April 17th 2014 at 2:54 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. Job: Geoscientist – Salary: Depending on education, experience and location, people in this profession can start off earning $35,000 to $75,000 a year, according to Earth Sciences Canada. With more […]
Muskowekwan First Nation votes to approve on-reserve potash project – by Henry Lazenby (MiningWeekly.com – April 16, 2014)
Posted April 17th 2014 at 2:53 pmhttp://www.miningweekly.com/page/americas-home TORONTO (miningweekly.com) – Project developer Encanto Potash on Wednesday reported that the Muskowekwan First Nation (MFN) had voted with a strong majority in favour of continuing to develop the first producing potash mine on First Nation land – the MFN’s reserve, located 100 km north-east of Regina, Saskatchewan. The two project partners said that […]
Even in this market, miners see assets worth overpaying for – by Brian Milner (Globe and Mail – April 17, 2014)
Posted April 17th 2014 at 2:50 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. The bargain-hunters scouring the mining world for dirt-cheap acquisitions must be getting frustrated. The battle for Osisko Mining Corp. in Quebec and a Chinese company’s full-price purchase of a Peruvian copper […]