News
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SCREEN: Tyler L-Class delivers compact versatility
CATHARINES, Ont. – Haver & Boecker offers the Tyler L-Class vibrating screen for classifying wet or dry material as well as an ideal dewatering method. The compact machine is versatile and easy to maintain, with no timing belts or gears that normally…
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Nevsun rejects $1.5B proposal from Euro Sun and Lundin Mining
Nevsun Resources (TSX: NSU; NYSE: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has a problematic structure. The mining company argues the cash and share proposal undervalues its high-grade…
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GOLD: First resource estimate for Iamgold’s Monster Lake contains 433,300 oz.
QUEBEC – Toronto-based Iamgold has filed the maiden 43-101 report for its Monster Lake gold property 50 km southwest of Chibougamau. It’s early days for the project, but the company has already outlined 433,300 contained oz. of gold in 1.1…
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ZINC-LEAD: Callinex files Nash Creek PEA with 34% IRR and $230M NPV
NEW BRUNSWICK – Callinex Mines of Vancouver has completed the preliminary economic assessment for the Nash Creek and Superjack zinc-lead projects not far from Belledune. The preliminary economic assessment outlines a 10-year, 3,900 t/d open pit mine with a dense…
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GOLD: TMAC takes steps to improve milling at Hope Bay
NUNAVUT – The first quarter report did not reflect the full scope of the work being done, but TMAC Resources of Toronto continues to improve mineral processing results at its Hope Bay gold mine 65 km east of Bathurst Inlet.…
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ENVIRONMENT: Barrick to convert Pueblo Viejo power plant to natural gas
DOMINICAN REPUBLIC – Barrick Gold of Toronto has signed a 10-year natural gas supply contact with a local company to fuel the Quisqueya power generation plant that supplies the Pueblo Viejo gold mine 100 km northwest of Santo Domingo. The…
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LUBRICANTS: Petro-Can partners with Liverpool FC
MISSISSAUGA, Ont. – Petro-Canada Lubricants and Liverpool Football Club have announced a 3three-year partnership that will see Petro-Can become an official global partner of the club. As an official global partner of Liverpool FC, Petro-Canada Lubricants – a leader in innovative…
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Azarga Uranium to merge with URZ Energy
The merger of Azarga Uranium (TSX: AZZ; US-OTC: PWURF) and URZ Energy (TSXV: URZ; US-OTC: URZZF) will create a new uranium development company focused on in situ recovery (ISR) uranium deposits in the United States. Azarga controls six uranium assets in the U.S. and…
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ALUMINUM: Rio Tinto, Alcan team up to create carbon-free smelting
QUEBEC – Alcoa of Pittsburgh, Penn., and Rio Tinto Alcan of Montreal have created a joint venture, Elysis, to commercialize an aluminum smelting process that produces oxygen and eliminates all greenhouse gas (GHG) emissions. Together they will undertake a $558-million,…
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GOLD: Anaconda cuts 750+ g/t at Goldboro project
NOVA SCOTIA – Anaconda Mining of Toronto has found bonanza grades at its Goldboro gold project 175 km northeast of Halifax. The assay that might make a reader’s eyes pop is 752.54 g/t gold over 0.5 metres, 56.67 g/t over…
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GOLD: QMX cut good grades at new target north of old Bevcon mine
QUEBEC – Drilling near the past producing Bevcon gold mine shows signs strong mineralization, says owner QMX Gold Corp. of Toronto. Specifically, what it calls the North Shear target has tested 305.5 g/t gold over 0.7 metre and 4.6 g/t…
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MINING PEOPLE: New Gold, Banro, Franco-Nevada, and SSR Mining
New Gold of Toronto has named Raymond Threlkeld as its new president and CEO. He has been a member of the board since 2009 and was New Gold’s COO from December 2016 to September 2017. Threlkeld succeeds Hannes Portman who…
