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Mining Industry News

Merger: Agrium + Potash Corp. = Nutrien

Posted June 22nd 2017 at 8:51 pm

Potash Corp. of Saskatchewan and Agrium have revealed that after their merger of equals is completed later this year, the combined company will be called Nutrien. The all-stock merger, originally announced in September 2016, is expected to close in the

The post Merger: Agrium + Potash Corp. = Nutrien appeared first on Canadian Mining Journal.

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Innovation: Hydraulic Air Compressor (HAC) launch in Sudbury

Posted June 22nd 2017 at 8:39 pm

Ontario – After a seven month long build, the Hydraulic Air Compressor (HAC) Demonstrator at Dynamic Earth has officially opened. The 100-ft. high (above and below ground) industrial-scale system for testing and demonstration of compressed air production is installed in

The post Innovation: Hydraulic Air Compressor (HAC) launch in Sudbury appeared first on Canadian Mining Journal.

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Mining People: Fortune Minerals, Kirkland Lake Gold, Metalla Royalty & Streaming, ML Gold, Monarques Gold and Orbite Technologies

Posted June 22nd 2017 at 8:30 pm

Glen Koropchuk has been appointed technical director and chief operating officer at Fortune Minerals to lead development of the NICO cobalt, gold, bismuth and copper project. He is also a director of the company and has decades of global mineral

The post Mining People: Fortune Minerals, Kirkland Lake Gold, Metalla Royalty & Streaming, ML Gold, Monarques Gold and Orbite Technologies appeared first on Canadian Mining Journal.

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Beware: Your corporation is not a piggy bank

Posted June 22nd 2017 at 8:30 pm

Canadian tax laws can cause problems for owners who make more withdrawals than deposits from their corporations

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Software: RPM’s HAULSIM 2.5 features fleet planner, cornering speed optimization

Posted June 22nd 2017 at 8:14 pm

Australia – Brisbane-based RPMGlobal has released HAULSIM 2.5 – mining’s digital twin for mine haulage network optimization, truly revolutionizing haulage outcomes. The release of HAULSIM brings functionality that is not available in any other mine haulage software for mining –

The post Software: RPM’s HAULSIM 2.5 features fleet planner, cornering speed optimization appeared first on Canadian Mining Journal.

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Editorial: Africa remains a dominant force in global gold mining

Posted June 22nd 2017 at 7:36 pm

With so many troubles in Africa’s centres of gold mining — extremist attacks in West and North Africa, perennial challenges in Central Africa and the long, slow decline of violence-ridden South Africa — it can be easy to lose sight

The post Editorial: Africa remains a dominant force in global gold mining appeared first on Canadian Mining Journal.

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Getting the upper hand on injuries

Posted June 22nd 2017 at 7:22 pm

Timmins entrepreneur’s safety gloves protect against impact, punctures

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First Cobalt on the rise as it consolidates cobalt exploration portfolio

Posted June 22nd 2017 at 6:42 pm

Toronto-based First Cobalt (FCC) has positioned itself to become the world’s largest cobalt exploration company under pending deals to merge with

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A tale of two mines: One shovel in the past, the other in the future – by Sunny Freeman (Financial Post – June 21, 2017)

Posted June 22nd 2017 at 3:39 pm

http://business.financialpost.com/ Booms and busts are the norm when it comes to towns built on the mining industry, but the future could see the creation of communities specifically designed to last as long as the mine and for the economic benefits to be spread among many towns. Financial Post reporter Sunny Freeman and videographer Tyler Anderson […]

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Northwest palladium miner builds mineral resources

Posted June 22nd 2017 at 3:04 pm

Transition Metals, Impala Platinum options PGE property to NAP

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Slow, bumpy market recovery on the cards for most commodities – by Henry Lazenby (MiningWeekly.com – June 22, 2017)

Posted June 22nd 2017 at 2:03 pm

http://www.miningweekly.com/ VANCOUVER (miningweekly.com) – The global commodity market is probably in for a slow, drawn-out recovery following the five-year bear market, S&P Global Market Intelligence director for reports on the metals and mining sectors Dr Chris Hinde said during a webcast on Wednesday. According to S&P’s ‘State of the Market’ report, there was a mixed […]

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Global investors shun India as steep taxes make mining unviable – by Jayajit Dash (Business Standard – June 21, 2017)

Posted June 22nd 2017 at 2:02 pm

http://www.business-standard.com/ A higher tax burden on the mining industry in India compared to other resource-rich countries is making mining an unviable activity and driving away investments from the sector. A huge gap has been found between the effective tax rate (ETR) on mining in India vis-a-vis other mineral-rich nations such as Australia, Canada, South Africa, […]

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$6 million loan facility needed to help Zimbabwe mine

Posted June 22nd 2017 at 2:01 pm

The Zimbabwe Mining Development Corporation (ZMDC) is currently negotiating for a $6 million loan facility for the recapitalisation of its Jena mine in the Midlands Province. A source close to […]

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“This transaction will … [create] one of the largest cobalt exploration companies in the world” – by Staff (Mining Journal – June 22, 2017)

Posted June 22nd 2017 at 2:00 pm

http://www.mining-journal.com/ Australian-based Cobalt One has entered a trading halt pending an announcement on the merger proposal. The two companies signed an option agreement earlier this month whereby First Cobalt was granted an option to acquire 50% of Cobalt One’s cobalt assets in the Cobalt region of Ontario. Cobalt One’s assets include a cobalt refinery while […]

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After Rainforest Victory for Brazil’s Environmentalists, a Mining Battle Looms – by R.T. Watson (Bloomberg News – June 21, 2017)

Posted June 22nd 2017 at 1:59 pm

https://www.bloomberg.com/ Opponents of unbridled development of Brazil’s Amazon region scored a victory this week when environmentalists fronted by supermodel Gisele Bundchen persuaded President Michel Temer to veto legislation that would have removed protections on more than 1 million acres. A battle over Amazon land about 300 times that size may be looming. The mining ministry […]

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The world prefers Canadian oil and gas over other exporters, so let’s start getting it to them – by Germain Belzile (Financial Post – June 15, 2017)

Posted June 22nd 2017 at 1:57 pm

http://business.financialpost.com/ Germain Belzile is senior associate researcher at the MEI (www.iedm.org) Global energy demand will rise by 30 per cent between 2015 and 2040, according to the World Energy Outlook 2016 published in November by the International Energy Agency (IEA). And although renewable energy will play an increasingly important role, the IEA predicts that demand […]

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Gupta owned Oakbay Resources faces JSE suspension

Posted June 22nd 2017 at 1:35 pm

Gupta owned mining company faces possible suspension by the Johannesburg Stock Exchange after being dropped by both its transfer secretary and sponsor. Oakbay Resources and Energy was informed that the JSE […]

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Dangote Cement may shut Ethiopian plant over mining disputes

Posted June 22nd 2017 at 1:12 pm

Dangote Cement, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to […]

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New airport terminal opens door for expansion

Posted June 22nd 2017 at 12:30 pm

Revamped look at Sioux Lookout Airport built with passengers in mind

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