Industry News

08.17.2018

Contractor chosen for new OPP detachments

Bird Construction will build four police stations in Northern Ontario

08.17.2018

Nevada: Where the World Goes for Gold (Investing News Network – August 16th, 2018)

Investing News Network This Investing News Network article is sponsored by Fremont Gold (TSXV:FRE). Nevada may be one of the most geologically diverse mining jurisdictions in the world. Nearly every type of rock known to geologists can be found in the state’s desert landscape. Nevada has been an important source of many of the world’s […]

08.17.2018

UPDATE 2-Gold Fields boss says not resigning after S.Africa minister’s rebuke – by Tanisha Heiberg (Reuters U.S. – August 16, 2018)

https://www.reuters.com/ JOHANNESBURG, Aug 16 (Reuters) – Gold Fields’ chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company’s plan to cut jobs at its struggling South African mine on “poor management”. Gold Fields, which posted its interim results on Thursday, said this week it […]

08.17.2018

‘The north is truly hurting’: Thompson mayor frustrated he can’t get meeting with premier (CBC News Manitoba – August 16, 2018)

https://www.cbc.ca/news/canada/manitoba/ Dennis Fenske says city’s economic crisis warrants face time with Brian Pallister The mayor of Thompson says he’s frustrated that he can’t get a meeting with the premier despite the grave economic challenges his community is facing. Dennis Fenske says he and his council have been trying to arrange a sit down Premier Brian […]

08.17.2018

RPT-COLUMN-Best commodity bets? Exposed to China and less open to trade – by Clyde Russell (Reuters U.S. – August 16, 2018)

https://www.reuters.com/ LAUNCESTON, Australia, Aug 16 (Reuters) – The recent gyrations in the world economy around Turkey’s currency and the escalating U.S.-China trade dispute have taken a toll on commodity prices, especially industrial metals. However, while news-driven sentiment can clearly pummel markets, over a longer period of time not all commodities will be equally affected by […]

08.17.2018

DeBeers CEO calls for ‘next evolution’ in relations between industry, Indigenous peoples – by Eric White (CBC News Sudbury – August 16, 2018)

https://www.cbc.ca/news/canada/sudbury/ Some on the James Bay still believe DeBeers will go ahead with mothballed Tango project Kim Truter called it a “bittersweet” birthday party for Victor Mine.​The DeBeers Canada CEO gushed with pride at some moments during the 10th anniversary celebrations for Ontario’s first diamond mine on Wednesday, which come as the mine is set […]

08.17.2018

North Bay data storage centre doesn’t compute with power producer

Atlantic Power denies its idled gas plant will house data centre tenant

08.17.2018

Terrace Bay waterfront to get spruced up

FedNor deposits $1.1 million in North Shore community to promote tourism

08.17.2018

Congo Copper Faces Increased LME Scrutiny With Audits – by Mark Burton (Bloomberg News – August 15, 2018)

https://www.bloomberg.com/ The London Metal Exchange will start requiring that copper producers which source metal from the Democratic Republic of Congo carry out independent audits to prove their material is ethically sourced, according to people familiar with the matter. The LME is reviewing its requirements to ensure that no metal traded on the bourse has links […]

08.17.2018

India to bring in new mineral policy to align exploration and development projects – by Ajoy K Das (MiningWeekly.com – August 15, 2018)

http://www.miningweekly.com/ KOLKATA (miningweekly.com) – The Indian government is expected to put into play a new mineral policy, possibly before the end of August, aimed at a more investor-friendly alignment of exploration and development projects. The Mines Ministry, which is the driver of the proposed policy changes, is expected to suggest amendments to the Mines, Minerals […]

08.17.2018

Someone bought a rare nickel for $4.5 million in Philly – by Marielle Mondon (Philly Voice.com – August 16, 2018)

https://www.phillyvoice.com/ Dating back to 1913, the coin was sold at the World’s Fair of Money auction Many consider nickels the unspoken worst coin in American currency. They have that unnecessary thickness and awkward size that makes them comparable to the fading SEPTA token, plus there’s an irrelevant depiction of Thomas Jefferson’s personal Monticello estate on […]

08.17.2018

Gold Seen Fighting Back in Battle With Dollar for Haven Role – by Ranjeetha Pakiam (Bloomberg News – August 17, 2018)

https://www.bloomberg.com/ Don’t write off gold in the battle of the havens. Bullion has lost out in a paradigm shift where the metal’s no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won’t last, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc. Investors are favoring […]

08.17.2018

Currency Shocks Knock Platinum to 10-Year Lows – by Peter Hobson (U.S News/Reuters – August 17, 2018)

https://money.usnews.com/ LONDON (Reuters) – Platinum prices tumbled to 10-year lows as the collapse of Turkey’s lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal. Platinum has been caught in a broad sell-off as investors rush to the safety of the dollar, pushing it higher […]

08.17.2018

Timmins offering development incentives

Suite of new grants designed to ease construction costs

08.17.2018

Addressing the challenges to growing women’s business

PARO Centre receives funding to study obstacles to entrepreneurial growth

08.16.2018

Cobalt hires interim CAO

David King will oversee the town’s affairs until a permanent CAO is found.

08.16.2018

COBALT: Canada Cobalt’s Re-2OX process makes premium grade sulphate

ONTARIO – Canada Cobalt Works of Coquitlam, B.C., says its proprietary Re-2OX process has made the first ever, premium grade cobalt sulphate. At 22.6% the grade exceed the technical specifications of cathode producers in Asia, who may be Canada Cobalt’s

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08.16.2018

GOLD: Skeena drills 13.80 g/t over 18 metres at former Snip mine

BRITISH COLUMBIA – Vancouver-based Skeena Resources has received the final assays from phase two drilling at the former Snip gold mine in this province’s Golden Triangle. The company is preparing a maiden resource estimate for the  project. Highlights of the

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08.16.2018

COPPER: Strike averted at Escondida

CHILE – BHP  has averted a strike at the world’s largest copper mine, Escondida. A deal has been struck between the operator and the union representing most of the workforce. The terms of the offer will now go to union

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08.16.2018

MINING PEOPLE: Dyno Nobel, Canadian Zinc, Denison Mines, Mason Graphite

Dyno Nobel of Salt Lake City, Utah, has named Braden Lusk its new VP of Dynoconsult and applied technology. He earned both a BS and PhD in mining engineering from the Missouri University of Science and Technology, Rolla. Don MacDonald

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