Mining Industry News
Opinion: Extensive safeguards already in place for B.C. mining industry – by Angela Waterman (Vancouver Sun – August 20, 2014)
Posted August 21st 2014 at 10:20 pmhttp://www.vancouversun.com/index.html Best practices: Tailings dam breach was an extremely rare occurrence Angela Waterman is Vice-president of Environment and Technical Affairs at The Mining Association of British Columbia. The breach of the tailings dam at the Mount Polley Mine is an unfortunate event that is of great concern to the Mining Association of British Columbia (MABC) […]
First Nations poised to emerge as leaders in Ring of Fire development – by Suzanne Leclair (Mining Markets – August 21, 2014)
Posted August 21st 2014 at 10:15 pmhttp://www.miningmarkets.ca/ Suzanne Leclair LL.B is the founder of Connect Counsel, a Canadian professional multi-disciplinary business advisory firm dedicated to developing major aboriginal and non-aboriginal partnerships in energy and natural resource related infrastructure projects. She is an infrastructure advisor to Mushkegowuk Council. In July, on the day after the Ontario Court handed a victory to Cliffs […]
End of Australia’s mining boom threatens Pilbara Cities plan – by Jamie Smyth (Financial Times – August 20, 2014)
Posted August 21st 2014 at 10:13 pmhttp://www.ft.com/home/us Port Hedland, Australia – In a dusty industrial estate next to the world’s biggest iron ore port in Western Australia’s remote Pilbara region, business has never been so bad. “The rents got so high in the town that when the boom ended, businesses began to die off everywhere,” says Jo Woodward, owner of […]
Posted August 21st 2014 at 10:11 pmhttp://www.netnewsledger.com/ Mushkegowuk MUSHKEGOWUK HOMELANDS – The Mushkegowuk Council has announced they will coordinate the development of their business case in support of a Ring of Fire rail, sea port, fibre-optic, and energy transportation corridor through an Aboriginal-led-alliance. “We now have the experience, people, credibility and knowledge to take an active role in leading the development […]
Nuclear watchdog requests safety checks after B.C. mine breach – by Dene Moore (CTV News/Canadian Press – August 19, 2014)
Posted August 21st 2014 at 10:10 pmhttp://www.ctvnews.ca/ VANCOUVER — A toxic spill from a British Columbia mine has prompted the country’s nuclear watchdog to request a series of checks at uranium facilities. The Canadian Nuclear Safety Commission will discuss the failure of the tailings pond at the Mount Polley gold and copper mine during a meeting Wednesday. In the interim, the […]
Posted August 21st 2014 at 8:17 pmTORONTO – Franco-Nevada Corp. is bulking up its treasury thanks to a bought deal financing that will bring in half-a-billion dollars, at least. The company closed a deal whereby it issued 8.38 million common shares at a price of US$59.75...
Posted August 21st 2014 at 8:15 pmNOVA SCOTIA – Ressources Appalaches of Rimouski, QC, says the mill at its Dufferin gold mine has almost reached nameplate capacity – 245 out of 300 t/d – during the first two weeks of August. Production has been steadily...
Posted August 21st 2014 at 8:13 pmNEVADA – Recent reports in the Elko Daily Free Press says Barrick Gold has donated new turnout gear for the Spring Creek volunteer firefighters. Each set includes jacket, pants, boots, helmet with lights, and pockets for flashlights and...
Posted August 21st 2014 at 8:11 pmBelo Sun Mining Corp. has strengthened its management team with the addition of Peter Tagliamonte as president and CEO replacing Mark Eaton who has become executive chairman. Joseph Milbourne has joined the company as VP of technical services....
Posted August 21st 2014 at 8:10 pmThe release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint venture project in Minnesota will cost a hefty US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by...
Glencore to Buy Back $1 Billion of Stock as Profit Gains – by Jesse Riseborough (Bloomberg News – August 20, 2014)
Posted August 21st 2014 at 6:41 pmhttp://www.bloomberg.com/ Glencore Plc (GLEN)’s billionaire Chief Executive Officer Ivan Glasenberg underscored his belief in the longevity of the global commodities boom by beating his biggest rivals in handing out surplus cash to investors. Glencore, the third-largest miner by market value, today announced a $1 billion share buyback after first-half profit gained 8 percent on higher […]
UPDATE 4-China says Australian tycoon’s attack “irrational and absurd” – by Ben Blanchard, Jane Wardell, Sonali Paul and Adam Jourdan (Reuters India – August 21, 2014)
Posted August 21st 2014 at 6:39 pmhttp://in.reuters.com/ BEIJING/SYDNEY, Aug 21 (Reuters) – China’s foreign ministry has condemned a verbal attack by Australian mining mogul and politician Clive Palmer as irrational and absurd, after the businessman described China’s government as “bastards” who shoot their own people. The Australian government has rebuked Palmer, who holds the balance of power in the parliament’s upper […]
Vale secures key licence for flagship iron ore mine expansion – by Cecilia Jamasmie (Mining.com – August 21, 2014)
Posted August 21st 2014 at 6:38 pmhttp://www.mining.com/ Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, has secured a key environmental licence for a 90 million tonnes a year expansion of its flagship iron ore mine in the Carajás complex, in the northern state of Para. The nearly $20 billion plan is expected to start production in 2016 and reach […]
Posted August 21st 2014 at 6:36 pmThe Northern Miner, first published in 1915, during the Cobalt Silver Rush, is considered Canada’s leading authority on the mining industry. Editor John Cumming MSc (Geol) is one of the country’s most well respected mining journalists. firstname.lastname@example.org It was another week of major developments in the fast-moving story of Imperial Metals and the massive, 15-million-tonne tailings […]
Posted August 21st 2014 at 6:03 pmCanadian project developer Platinum Group Metals (PTM) on Thursday announced that it had won a dilution dispute against a South African empowerment partner. PTM in November last year declared a dispute with Wesizwe Platinum subsidiary Africa Wide Prospecting & Exploration, over the extent of dilution of Africa Wide’s interest in PTM’s Western Bushveld Joint Venture (WBJV) Project 1, in South Africa.
Duluth PFS shows robust, high margin base/precious metals project – by Lawrence Williams (Mineweb.com – August 21, 2014)
Posted August 21st 2014 at 3:55 pmhttp://www.mineweb.com/ The latest PFS on the TMM project provides increasing confidence that the proposed underground mine remains hugely attractive in economic terms. LONDON (MINEWEB) - Duluth Metals, which is working on moving an enormous base and precious metals project to the development stage in a controversial part of Minnesota, USA, has just announced it has […]
Posted August 21st 2014 at 2:09 pmThe Bimha mine operated by Zimplats, a Zimbabwean subsidiary of Impala Platinum (Implats) has been closed following a partial collapse at the mine in July. Implats said it would have […]
Posted August 21st 2014 at 12:53 pmThe National Union of Mineworkers (NUM) has vowed to fight retrenchments at Petra Diamonds’ Helam mine in North West, the union said on Tuesday. Petra Diamonds’ Corporate Communications spokesperson, Cornelia […]
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