Daily News

TAKEOVER: Yamana bulks up treasury for Osisko deal

TORONTO – Yamana Gold has received commitments for a two-year, US$750-million senior unsecured term facility. The company intends to use the money for corporate and working capital, including Yamana's cash portion of Osisko Mining...
Apr 17, 2014 3:52PM


GOLD: Leaching test recovery tops 85% from Coffee oxide samples

YUKON – Kaminak Gold Corp. of Vancouver is encouraged that column leach tests of bulk, coarsely crushed surface oxide samples from the Coffee gold project 130 km south of Dawson City resulted in gold recoveries between 85% and 88%....
Apr 17, 2014 3:51PM


MINING PEOPLE: Athabasca Nuclear and Cogitore

Athabasca Nuclear Corp. of Calgary has named Ryan Kalt to the role of CEO. He had been serving as CEO for several weeks in an interim capacity. Under his leadership, the company has shifted its focus to the Preston uranium project in northern...
Apr 17, 2014 3:50PM


Uranerz Energy's Nichols Ranch starts production

Uranerz Energy (TSX: URZ; NYSE-Arca: URZ) has become the newest member of a small club of uranium producers after its first uranium mine, Nichols Ranch, received final clearance from the U.S. Nuclear Regulatory Commission and began production...
Apr 17, 2014 3:48PM


TAKEOVER: Price for Osisko jumps to $3.9B in new 3-way deal

MONTREAL and TORONTO – Osisko Mining Corp., Yamana Gold and Agnico Eagle Mines have arrived at a three-way friendly agreement whereby Yamana and Agnico Eagle together will purchase all of Osisko's outstanding common shares for total...
Apr 16, 2014 4:15PM


GOLD: PEA outlines small, low capex Goldboro mine

NOVA SCOTIA – Montreal-based Orex Exploration has summed up the potential of the Goldboro gold project as a small, low capital cost mechanized underground mine. Initial output would be 21,000 oz of gold per year and rising to 30,000...
Apr 16, 2014 4:13PM


COAL: Walter Energy to close three mines in BC

BRITISH COLUMBIA – Walter Energy of Birmingham, AL, has announced plans to close two of its coal mines in British Columbia due to low coal prices and soft markets. The Wolverine mine at Tumbler Ridge will be closed immediately, idling...
Apr 16, 2014 4:11PM


ENVIRONMENT: GE technology removes selenium from coal mining wastewater

TREVOSE, Pennsylvania – Anglo American has selected GE’s Advanced Biological Metals removal process (ABMet) technology to remove nitrate and selenium from wastewater discharge at its Peace River Coal Trend mine in Tumbler Ridge, BC....
Apr 16, 2014 4:08PM


Rio Tinto struggles with iron ore, Oyu Tolgoi in first quarter

VANCOUVER — Despite setting a variety of production records during the first quarter, major Rio Tinto (NYSE: RIO; LON: RIO) is not off to the best start to 2014. The company struggled with weather issues at its iron ore operations in...
Apr 16, 2014 4:06PM


COMMENT: The Elliot Lake strike and 40 years of safer mines

Forty years ago uranium miners in Elliot Lake, ON, staged a wildcat strike to call attention to the need for improved health and safety conditions. Silicosis and lung cancer were occupational hazards. The miners' determination, and that of...
Apr 15, 2014 4:21PM


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