Canadian Mining Journal


BHP Billiton


  • News

    DIAMONDS: Roadblock removed, Ekati acquisition to go forward

    February 4, 2013 by Canadian Mining Journal Editor

    NORTHWEST TERRITORIES – Harry Winston Diamond Corp. has announced that all legal actions surrounding its acquisition of the Ekati diamond mine at Lac des Gras have been discontinued. BHP Billiton, the current owner, and all of the joint…

  • News

    DIAMONDS: Roadblock for Ekati acquisition

    January 17, 2013 by Canadian Mining Journal Editor

    NORTHWEST TERRITORIES – The deal for Harry Winston Diamond Corp. to buy out BHP Billiton’s interest in the Ekati diamond mine at Lac des Gras has hit a roadblock. Minority owner Chuck Fipke, who along with Stuart Blusson discovered the…

  • News

    DIAMONDS: Harry Winston sheds retail to become Dominion Diamond

    January 14, 2013 by Canadian Mining Journal Editor

    TORONTO – Harry Winston Diamond Corp. has announced a deal to sell its luxury brand diamond jewelry and watch division to The Swatch Group for $1 billion. Swatch will pay US$750 million and assume up to US$250 of pro forma net debt.

  • News

    Cuervo jumps back into action in Peru

    November 27, 2012 by Canadian Mining Journal Editor

    Iron ore explorer Cuervo Resources may be on to something big as it drills off the Bob 1 zone, one of the two large targets on its flagship Cerro Ccopane iron ore property in southern Peru.

  • News

    DIAMOND MINING: BHP Billion sells Ekati to Harry Winston for $500M

    November 13, 2012 by Canadian Mining Journal Editor

    NORTHWEST TERRITORIES – BHP Billiton is selling its diamond business, including the Ekati mine at Lac de Gras, to Harry Winston Diamond Corp. of Toronto. The deal is worth US$500 million, and it should close in Q1 2013.

  • News

    DIAMOND PROJECTS: Investors warm to icy gems

    October 11, 2012 by Canadian Mining Journal Editor

    NORTHWEST TERRITORIES – Mountain Province Diamonds of Toronto has set out to raise $47.1 million via a rights offering for the Gahcho Kué project 300 km northeast of Yellowknife. The proceeds will fund the company’s 49% share…

  • News

    Cameco turns eye to Western Australia

    September 24, 2012 by Canadian Mining Journal Editor

    VANCOUVER — It appears Canada’s major uranium power Cameco is viewing a downswing in uranium markets as an opportunity to diversify its project portfolio and acquire a foothold in Australia.

  • News

    MAC focuses on transparency, free trade

    September 19, 2012 by Canadian Mining Journal Editor

    VANCOUVER — For Mining Association of Canada (MAC) president and CEO Pierre Gratton, the future of the nation’s mining industry lies in clear cut regulatory reform and the cultivation of global free trade arrangements geared towards…

  • News

    BHP delays expansion of Olympic Dam

    August 23, 2012 by Canadian Mining Journal Editor

    BHP Billiton’s decision to delay its multi-billion dollar expansion of Olympic Dam due to escalating capital costs will put a forecasted uranium supply deficit under even greater pressure, analysts say.

  • News

    Chile, Peru must meet energy challenges as mining booms

    June 20, 2012 by Canadian Mining Journal Editor

    VANCOUVER — The Andean nations of Chile and Peru are firmly established as the top copper producing locales in the world. Chile holds the number one spot with annual production clocking in at roughly 4.9 million tonnes, while Peru sits in…

  • News

    DIAMOND RESOURCE: Stornoway releases first estimate for Qilalugaq project

    June 12, 2012 by Canadian Mining Journal Editor

    NUNAVUT – Montreal-based Stornoway Diamond Corp. says the initial resource estimate for the Qilalugaq project suggests the kimberlite contains 26.1 million carats. The project, on the Rae Isthmus which connects the Melville Peninsula to…

  • News

    Time is ripe for miners to push cash out to shareholders

    June 11, 2012 by Canadian Mining Journal Editor

    Investors are hardly in the mood for risk.