Industry News

09.24.2018

GOLD: Barrick to buy Randgold creating $18B company

TORONTO – Barrick Gold has made an all-share offer worth US$6 billion for Randgold Resources. The merger, subject to the approval of both companies’ shareholders, will create an industry leading gold miner with a combined market cap of US$18 billion.

The post GOLD: Barrick to buy Randgold creating $18B company appeared first on Canadian Mining Journal.

09.24.2018

GOLD-COPPER: Seabridge confirms reserves data, extends Iron Cap deposit at KSM

BRITISH COLUMBIA – Despite early delays due to forest fires and inclement weather, Seabridge Gold of Toronto is meeting its objectives at the KSM project 65 km northwest of Stewart. Confirmation work was done to ensure the project is ready

The post GOLD-COPPER: Seabridge confirms reserves data, extends Iron Cap deposit at KSM appeared first on Canadian Mining Journal.

09.24.2018

GOLD-SILVER: Pretium to repurchase precious metals stream

BRITISH COLUMBIA – Vancouver-based Pretium Resources has announced its intention to repurchase the whole of the callable 8% gold and silver stream at the end of this year. The stream was sold as part of the construction finance package for

The post GOLD-SILVER: Pretium to repurchase precious metals stream appeared first on Canadian Mining Journal.

09.24.2018

SAFETY: MSS goes to international competion

TIMMINS, Ont. – Mine Safety Solutions is proudly showing off its new MSS5 safety gloves at the 2018 International Mine Rescue Competition, taking place in Russia this week. MSS strives to make worksites safer with a fresh approach to safety

The post SAFETY: MSS goes to international competion appeared first on Canadian Mining Journal.

09.24.2018

Northern Vertex becomes newest gold producer in US

Northern Vertex Mining Corp.’s (TSXV: NEE; US-OTC: NHVCF) open pit heap leach Moss mine in Arizona has reached commercial production. The gold-silver mine is expected to produce an average of over 50,000 gold equivalent ounces a year over the first

The post Northern Vertex becomes newest gold producer in US appeared first on Canadian Mining Journal.

09.24.2018

Bonterra Resources spins out Ontario gold explorer

Gatling Exploration steers exploration at Larder Lake project

09.24.2018

Coal miner’s $4.4b IPO world’s largest mining listing since boom – by Cole Latimer (Sydney Morning Herald- September 24, 2018)

https://www.smh.com.au/ An Australian coal miner is carrying out the world’s largest mining listing since the height of the mining boom, going against the tide of shrinking coal markets. Coronado Coal’s $4.4 billion listing comes as steelmaking coal prices fall sharply month on month on the back of escalating trade tensions between China and the United […]

09.24.2018

NEWS RELEASE: BC Mine Reclamation Award and Scholarship Recipients Announced

Williams Lake, B.C., Canada – September 24, 2018 – The British Columbia Technical and Research Committee on Reclamation (TRCR) presented the 2017 BC Mine Reclamation Award at its 41st Annual BC Mine Reclamation Symposium in Williams Lake last Wednesday. The Jake McDonald Annual Mine Reclamation Award was presented to Teck Highland Valley Copper Partnership for […]

09.24.2018

Nyrstar profit warning highlights zinc’s disconnects – by Andy Home (Reuters U.S. – September 24, 2018)

https://www.reuters.com/ LONDON (Reuters) – Belgian zinc producer Nyrstar issued a profits warning last week, citing “adverse market conditions”. The company, which last year produced over a million tonnes of refined zinc, is feeling the pain from the dramatic price collapse of the last six months. London Metal Exchange (LME) zinc hit an 11-year high of […]

09.24.2018

Opinion: The war on coal is a winner for China – by Rupert Darwall (New York Post – September 24, 2018)

https://nypost.com/ Rupert Darwall is the author of “Green Tyranny.” We’ve just entered the 21st month of Donald Trump’s presidency. While the president is ending his predecessor’s war on coal at home, American taxpayers are still funding Barack Obama’s war on coal abroad. That’s bad news for US taxpayers, trade — and national security. In 2013, […]

09.24.2018

[Rare Earths Minerals] U.S. Reliance on Obscure Imports From China Points to Strategic Vulnerability – by Chuin-Wei Yap (Wall Street Journal – September 24, 2018)

https://www.wsj.com/ Forget Apple Inc.’s smartwatch. When it comes to goods the Trump administration exempted from its latest blitz of tariffs on Chinese imports, the cases of fluorine salts and carbonate esters say more about where the U.S. is vulnerable in its reliance on Chinese supply. The chemicals, used to make electrolytes for electric-car batteries, are […]

09.24.2018

Alamos Gold prepares for production increase

Island Gold Mine brings added milling capacity online

09.24.2018

Workplace Safety North manager lauded for volunteer efforts

Tom Welton wins volunteer of the year award from national safety organization

09.24.2018

No shoes or high vis: Dampier’s old boys recall laidback life in remote Pilbara port town – by Kendall O’Connor (Australian Broadcasting Corporation – September 23, 2018)

http://www.abc.net.au/ When Pauline Hill’s husband read about a job going in remote Western Australia offering double his current wage, they thought it was too good an opportunity to pass up. “He was reading the Advertiser one day and saw a job advertised for Hamersley Iron, which we didn’t know anything about,” she said. They planned […]

09.24.2018

Barrick Silences Its Biggest Critic by Buying Out Randgold – by Thomas Biesheuvel (Bloomberg News – September 24, 2018)

https://www.bloomberg.com/ For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold Corp. Now he’s its closest partner. The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4 billion deal to buy out Randgold Resources Ltd. It’s a […]

09.24.2018

Mining financier Robert Friedland hopes to strike box-office gold – by Eric Reguly (Globe and Mail – September 22, 2018)

https://www.theglobeandmail.com/ If you are rich, restless and want to reinvent your career as, say, a movie mogul, Villa TreVille can provide plenty of inspiration. Plastered on Italy’s Amalfi Coast, next to the village of Positano, it was the home of famed Italian film director Franco Zeffirelli, who played host to some of the greatest artistic […]

09.24.2018

Vale: Embracing The Electric Vehicle Revolution (Seeking Alpha – September 24, 2018)

https://seekingalpha.com/ Vale’s (VALE) iron ore operations have been by far the main driver of the company’s performance. Because of this, the Base Metals division tends to fly under the radar, despite Vale being the world’s largest producer of nickel. However, Vale has big plans for its nickel and copper divisions, and the Brazilian company has […]

09.24.2018

Barrick Needs Randgold to Make the Grade – by David Fickling (Bloomberg News – September 24, 2018)

https://www.bloomberg.com/ Few gold miners can operate profitably near the metal’s current grade levels. A merger may be the best solution. Gold miners have been struggling for decades against geological destiny. The grade of metal in the world’s gold reserves has been declining for years, from average levels above 10 grams a metric ton in the […]

09.21.2018

Developer to construct waterfront condos in North Bay

New Vision Park Property plans to build on former Kenroc property

09.21.2018

Sault MP named to trade committee

Terry Sheehan will continue to advocate for steel industry