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Mining Industry News

Seven reasons why you should hire intrapreneurs

Posted April 23rd 2014 at 9:00 am

How can a big company innovate fast enough given that they are complex, process-driven and highly governed. My answer to this is to hire intrapreneurs. Here’s why

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The four types of clients you should fire immediately

Posted April 23rd 2014 at 9:00 am

Besides the ones that are clearly not profitable for you, here are four other types of clients that must go immediately

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Beer for golfers builds a head of steam

Posted April 23rd 2014 at 9:00 am

With golf season closing in fast, Geoff Tait needs to get his blonde lager into bars and clubhouses before the prime summer beer-drinking months, or wait another year

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Padbury reveals name of mysterious benefactor

Posted April 23rd 2014 at 7:07 am

ASX-listed Padbury Mining has revealed the source of its $6.5-billion funding to build the Oakajee port and rail project, but its shares remained in suspension. Earlier this month, Padbury announced that private Australian equity investors would provide the funding, but the miner failed to disclose the name of the investor, and instead suspended share trade as stock prices increased.

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US Oil Sands’ biosolvent extraction patent approved

Posted April 22nd 2014 at 9:48 pm

Canadian innovator and project developer US Oil Sands on Tuesday announced that the United States Patent and Trademark Office had approved its patent application for its bio-solvent based oil sands extraction method, which the company bills as an industry “game changer”. The TSX-V-listed company had developed an efficient and low-cost process employing a proprietary, environment-friendly process using a biodegradable citrus-based bio-solvent to separate oil from sand.

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Cline Mining settles with BC govt over expropriated coal properties

Posted April 22nd 2014 at 9:14 pm

Bankrupt coal junior Cline Mining this week reached a settlement with the government of British Columbia over a 2012 civil claim alleging the government expropriated three coal properties in the south-eastern parts of the province worth more than $500-million at the time. Cline on Monday reported that it had signed a settlement agreement in which it agreed to abandon certain coal licences as well as certain coal applications in return for the payment of $9.8-million in cash.

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Northern Superior Resources Junior miner still not buying Ontario’s argument – by Staff (April 22, 2014)

Posted April 22nd 2014 at 9:11 pm

Established in 1980, Northern Ontario Business provides Canadians and international investors with relevant, current and insightful editorial content and business news information about Ontario’s vibrant and resource-rich North. A Sudbury-based junior gold miner that’s suing the Ontario government for $110 million still maintains the province fell short of its legal duty to consult with a First Nation […]

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NEWS RELEASE: It’s Gold Mining, MacGyver-Style, when FOOL’S GOLD Premieres on Discovery May 13

Posted April 22nd 2014 at 9:10 pm

New original Canadian series mines for gold…and for laughs! Discovery Fool’s Gold  TORONTO (April 21, 2014) – Todd Ryznar and his ramshackle crew at Shotgun Exploration are looking to strike it rich in the gold-laden hills of Northern Ontario and retiring in style. The only problem for this start-up DIY mining company? They don’t know […]

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NICKEL-IRON: First Point test markets Decar concentrates

Posted April 22nd 2014 at 8:37 pm

BRITISH COLUMBIA – The results of the first market test of awaruite (nickel-iron alloy) concentrates from the Decar project are positive, says First Point Minerals Corp of Vancouver. The project, located 80 km north of Fort St James, is...

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LITHIUM: Concentrator restarts as weather warms

Posted April 22nd 2014 at 8:33 pm

QUEBEC – RB Energy (formerly Canada Lithium) of Vancouver says it has restarted the concentrator at its Quebec lithium mine 60 km north of Val d'Or. This winter's unusually long and cold conditions forced a suspension of milling activity...

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GOLD: More tests boost recovery for Sabina's Back River project

Posted April 22nd 2014 at 8:31 pm

NUNAVUT – Continued bench scale metallurgical tests on material from the Back River gold project have boosted gold recovery to 93.9% from 88.0%. The advanced exploration project is located in the West Kitikmeot region and owned by Sabina...

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COPPER: Amerigo/Codelco extend tailings processing arrangement

Posted April 22nd 2014 at 8:30 pm

CHILE – Amerigo Resources of Vancouver and Codelco, Chile's large state-owned copper producer, have signed an agreement extending Amerigo's right to reprocess tailings from the El Teniente operation to 2037.

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CONVEYOR: Grieve offers heated belt conveyor

Posted April 22nd 2014 at 8:29 pm

The Grieve Corporation's No. 864 is a 175°C, natural gas-heated belt conveyor oven currently used for drying gold ore samples at the customer’s facility. Workspace dimensions of this oven measure 1,980-mm wide by 10.7-metres long. The...

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Goldcorp to end its fight for Osisko

Posted April 22nd 2014 at 8:27 pm

Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by announcing it won’t amend its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in...

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Amerigo strikes new Codelco accord, to process tailings till 2037

Posted April 22nd 2014 at 8:24 pm

Canadian base metals producer Amerigo Resources, which produces copper and molybdenum from tailings from the world's largest underground copper mine, Codelco's El Teniente mine, in Chile, on Tuesday announced that it had secured a new master agreement to buy the processing rights to the Cauquenes tailings deposit and extending its existing rights to process fresh tailings to 2037. Codelco’s El Teniente is the world’s largest underground mine. It has been in operation for more than a century, and El Teniente division was currently undertaking expansion projects to extend the mine’s life by at least 50 years.

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Arch Coal widens Q1 loss as weak coal prices weigh, lowers guidance

Posted April 22nd 2014 at 8:02 pm

US coal producer Arch Coal on Tuesday reported a 77% wider first-quarter loss as a result of challenging global steelmaking coal markets and the persistence of rail performance issues in Appalachia. For the three months ended March 31, the NYSE-listed firm reported a net loss of $124.1-million, or $0.59 a share, compared with a loss of $70-million, or $0.33 a share, a year earlier.

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Teck to cut 600 from workforce, coal margins at decade lows

Posted April 22nd 2014 at 5:17 pm

Diversified Canadian miner Teck Resources on Tuesday announced that it would reduce its global workforce by 5%, or 600 workers, as it sought to cut costs amid sagging profit and low commodity prices. For the three months ended March 31, the net profit attributable to shareholders was C$69-million, or C$0.12 a share, down 78.36% when compared with C$319-million or C$0.55 a share in the same period of 2013.

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Rare Trading delivers R80m Randgold order

Posted April 22nd 2014 at 3:23 pm

South Africa-based fluid conveyance supplier Rare Trading has completed a contract to fabricate and supply components for gold producer Randgold’s backfill plant at its Loulo gold mine, in Mali. The backfill project, which would be commissioned in June, was under way at an intermediate plant and two paste plants at the mine.

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[Norilsk Russia and Nickel Mining] Life behind closed doors in the Arctic is…! – by Kate Baklitskaya (Siberian Times – April 22 2014)

Posted April 22nd 2014 at 3:00 pm Norilsk is home to the world biggest mining and metallurgy complex, and is shut off from the world in more ways than one. From deep in Soviet times, it was ‘closed’ to outsiders, and currently remains exceptionally hard to visit for foreigners. It appears on lists of the top ten most polluted cities in […]

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Gold price to remain on shaky ground

Posted April 22nd 2014 at 2:48 pm

Gold tumbled to a near three-week low on Monday, with various reports forecasting the gold price is set to continue its steady decline. Trading on Monday saw the spot gold […]

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