SAMSSA

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SAMSSA News Archive

Mining Life & Exploration News and Canadian Mining Expo bring together

Posted Friday, March 10th, 2017 by Dick DeStefano

  FOR IMMEDIATE RELEASE, Mining Life and Exploration News   Mining Life & Exploration News and Canadian Mining Expo bring together Wealth of Knowledge   It is one thing to hear rumors about mini staking rushes into the well-known Hemlo Gold District and at the historic silver-cobalt producing Town of Cobalt but quite another to […]

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Vale to close Stobie Mine by end of 2017

Posted Friday, March 10th, 2017 by Dick DeStefano

Vale to close Stobie Mine by end of 2017 Friday, March 10, 2017 10:04:13 EST AM Vale plans to shut down Stobie Mine in Greater Sudbury by the end of the year, affecting some 230 employees.   In a news release Friday morning, the company blamed low metal prices as one of the reasons for […]

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SAMSSA Members Stronger together: Cambrian, Laurentian forge partnership

Posted Thursday, March 9th, 2017 by Dick DeStefano

  Presidents sign MOU to boost research efforts    by: Arron Pickard Full Story at  https://www.sudbury.com/local-news/stronger-together-cambrian-laurentian-forge-partnership-556802    by: Arron Pickard 1 / 2 Laurentian University president Dominic Giroux and Cambrian College president Bill Best sign an MOU on March 8 to boost research efforts. Photo by Arron Pickard Two halves of a whole, when combined, are […]

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Official Announcement at PDAC Sudbury Mining Cluster & Guererro

Posted Tuesday, March 7th, 2017 by Dick DeStefano

  www.marcserre.ca Marc Serré March 7, 2017 Member of Parliament / Député MEDIA RELEASE For Immediate Release Nickel Belt MP Serré celebrates mining collaboration efforts between the State of Guerrero, Mexico, and Greater Sudbury at PDAC Convention Nickel Belt MP attends conference to progress mineral development in the State of Guerrero with the Greater City […]

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Canada’s federal govt extends 15% METS tax credit for another year

Posted Sunday, March 5th, 2017 by Dick DeStefano

    6th March 2017 By: Henry Lazenby Creamer Media Deputy Editor: North America The METC helps junior mineral exploration companies raise capital by providing an incentive to individual investors in flow-through shares issued to finance ‘grassroots’ mineral exploration. This credit was in addition to the deduction provided to the investor for the exploration expenses […]

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Optimism returns at mining industry’s annual PDAC convention: ‘Everybody’s more upbeat’

Posted Sunday, March 5th, 2017 by Dick DeStefano

    Alexandra Posadzki   TORONTO — The Canadian Press Published Sunday, Mar. 05, 2017 10:46AM EST Last updated Sunday, Mar. 05, 2017 6:36PM EST With commodity prices on the rise, attendees at the world’s largest annual gathering for the mining industry are expected to be cheerier than they were last year. The Prospectors and Developers Association […]

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Glencore, Steelworkers in Sudbury, reach deal

Posted Wednesday, March 1st, 2017 by Dick DeStefano

  By Sudbury Star Staff Monday, February 27, 2017 6:21   Glencore and its office, clerical and technical employees have reached a tentative agreement. Sudbury Integrated Nickel Operations (Sudbury INO), a Glencore company, made the announcement late Monday afternoon. The prior agreement with United Steelworkers Local 2020, Unit 6855, was to expire Tuesday. The union’s […]

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UPDATE 5-Vale intensifies CEO search as Ferreira to quit -sources

Posted Sunday, February 26th, 2017 by Dick DeStefano

  by Guillermo Parra-Bernal and Tatiana Bautzer (Reuters India – February 25, 2017) February 24, 2017 in www.republicofmining.com http://in.reuters.com/Feb 24 Vale SA has stepped up the search for a new chief executive officer as Murilo Ferreira announced his departure, signaling efforts by some top shareholders to shield the world’s No. 1 iron producer from political […]

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Glencore records $1.99 billion profit

Posted Friday, February 24th, 2017 by Dick DeStefano

    By Bloomberg News, Sudbury Star wire service Thursday, February 23, 2017 12:55:05 EST PM Glencore Plc opened the door for a big dividend to reward shareholders, which includes its top executives and dozens of employees, for sticking with the company through the commodities crisis. The mining giant, along with Rio Tinto Group and […]

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New Gold raising $150M for Rainy River construction

Posted Thursday, February 23rd, 2017 by Dick DeStefano

    February 23, 2017 by Canadian Mining Journal   ONTARIO – New Gold of Toronto has entered into a bought deal financing that will raise at least US$150 million for construction of the Rainy River gold mine 65 km northwest of Fort Frances. New Gold will issue 53.6 million common shares at a price […]

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