News
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IRON ORE: New Millennium sells part of port to owner of Scully mine
NEWFOUNDLAND – Calgary-based New Millennium Iron Corp. (NML) has agreed to sell a portion of its multi-user wharf capacity to Tacora Resources of Grand Rapids, Minn. The agreement calls for Tacora to purchase the rights to 6.5 million tonnes of…
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COBALT: eCobalt readies Idaho cobalt project for construction
IDAHO – eCobalt Solutions of Vancouver is ramping up pre-construction activities at its 100% Idaho Cobalt Project (ICP) near the town of Salmon. The project is the only permitted primary cobalt mine in the United States. eCobalt says portions of…
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POTASH: Canpotex opens sales office in Brazil
SAO PAULO, Brazil – Canpotex Ltd., with headquarters in Saskatoon, Sask., has opened a sales office in Sao Paulo, Brazil. The company says that Brazil is the largest market for Canpotex potash. Since 1972, Canpotex has exported about 35 million…
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PLATINUM GROUP: Shaft 1 at Ivanhoe’s Platreef reaches 750 metres
SOUTH AFRICA – Vancouver-based Ivanhoe Mines says the fist shaft at its Platreef PGM-nickel-copper mine 280 km northeast of Johannesburg has reached the 750 metre level. A station is to be built at this level to provide access for initial…
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TECHNOLOGY: Cat, Minetec team up for underground offerings
PEORIA, Ill. – Caterpillar recently announced a significant expansion in its technology offerings for the underground hard rock mining industry through a collaboration with another leading technology developer. Caterpillar and Minetec, a wholly owned subsidiary of Codan Limited, have announced…
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Nouveau Monde plans all-electric mine in Quebec
Nouveau Monde Graphite (TSXV: NOU) wants to build an all-electric open-pit mine that will have a carbon neutral footprint at its Matawinie project in Quebec, 120 km north of Montreal. A feasibility study on turning the natural flake graphite project into…
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COBALT-GOLD: Fortune updating NICO feasibility
NORTHWEST TERRITORIES – Fortune Minerals of London, Ont., is updating the 2014 feasibility study for its NICO cobalt-gold-bismuth-copper project 160 km northwest of Yellowknife. The project is one of the few new cobalt mines that could be in production by…
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GOLD: Anaconda drills solid grades at Goldboro
NOVA SCOTIA – Anaconda Mining of Toronto has received assays from the first five holes of a 30-hole program at its Goldboro gold project 175 km northeast of Halifax. The five holes targeted cross-section 9100E near the centre of the…
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MINING PEOPLE: Azimut, Cobalt Blockchain, and Ivanhoe Mines
Vancouver-based Ivanhoe Mines has invited former South African president Kgalema Motlanthe to join its board of directors. He was president of South Africa for a period between 2008 and 2009, and then served as deputy president from 2009 to 2014.…
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TRAINING: Learn the skills, comply with federal drone regulations
WINNIPEG – Transport Canada regulations released in December 2016, require proper training and education for those who wish to use drones for commercial purposes. Regulations require that anyone using a drone for any purpose besides the recreational enjoyment of flying…
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ACQUISITION: Weir in $1.3B deal for ESCO
GLASGOW – Weir Group has entered into a binding agreement to acquire ESCO Corp. (“ESCO”), a U.S. company based in Portland, Ore., for an equity value of US$1.1 billion and an estimated enterprise value of US$1.29 billion. ESCO is the…
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Orefinders acquires Abitibi property, spins out others
Orefinders Resources (TSXV: ORX) has acquired the past producing underground McGarry gold mine and surrounding property in Ontario’s portion of the Abitibi greenstone belt. The company is focused on acquiring and consolidating property in the Abitibi that has a history of…
