News
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OIL SANDS: Sherritt completes pilot tests of diluent-free bitumen upgrading
ALBERTA – Toronto-based Sherritt International says its Alberta-based technologies division in Fort Saskatchewan has completed a successful pilot scale run of a proprietary process to upgrade bitumen. The process could eliminate the need to add diluent , a costly thinning…
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BASE METALS: Anglo pulls support from Nautilus’ Solwara 1 project
PAPUA NEW GUINEA – A day before its May 8 annual meeting, Anglo American said it is pulling out of the Solwara 1 deep ocean mining project run by Nautilus Minerals of Toronto. Nautilus has held exploration licences for polymetallic…
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TRUCK: Caterpillar’s 5000th 793 headed for Australia
DECATUR, Ill. – Caterpillar recently completed assembly of the 5000th Cat 793 mining truck. Caterpillar data show that the milestone production figure far exceeds the manufacture of any other brand of 227-tonne size class truck. In production since 1991, truck…
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Gold Fields bets big on South America
Since discovering Salares Norte in the Atacama region of northern Chile in 2011, Gold Fields (NYSE: GFI) has carved out a resource from the project’s two orebodies of 3.66 million oz. of gold and 49.46 million oz. of silver. The South…
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GOLD: Barkerville adds in maiden Cow and Island Mountain resources at Cariboo
BRITISH COLUMBIA – Toronto-based Barkerville Gold Mines has announced the first resource estimates incorporating its Cow and Island Mountain deposits in Wells. The two deposits form part of the Cariboo gold project, which may contain 1.60 million oz. of gold…
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COBALT: First Cobalt doubles length of Kerr zone
ONTARIO – Toronto’s First Cobalt Corp. says recent drilling has allowed it to trace the mineralization of the recently discovered Kerr #2 zone to twice what it was before. The zone extends over 200 metres. The Kerr #2 zone is…
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GOLD: Work resumes at Tahoe’s La Arena mine
PERU – Tahoe Resources of Vancouver announced on May 3, 2018, that the local labour strike at its La arena gold mine 480 km northwest of Lima has been resolved. The strike began on April 20 as the local union…
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MINING PEOPLE: Cobalt Power, Copper Mountain, Encanto Potash, and Lydian
Cobalt Power Group of Toronto has named Creig Hutton as president and CEO. He has over 20 years of experience including as a mining analyst. Hutton replaces Andreas Rompel who retired. Gil Clausen is the new president and CEO of…
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DIGITALIZATION: FLSmidth to concentrate on mining, cement
COPENHAGEN – Effective from 1 July 2018, FLSmidth is reorganizing the company to concentrate on two industries – mining and cement. The changes will be supported by a regional setup to strengthen customer focus and life cycle solutions combined with…
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Detour Gold slammed on revised mine plan
Shares of Detour Gold (TSX: DGC) plunged 30% after the company forecast life-of-mine costs could rise significantly at its Detour Lake open pit gold mine in Ontario, 300 km northeast of Timmins. The preliminary cost review — which will be finalized in…
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SILVER: Alexco completes decline at Bermingham project
YUKON – Alexco Resource Corp. of Vancouver has completed the 580-metre Bermingham exploration drift. Bermingham is one of four silver-lead-zinc properties the company is investigating in the Keno Hill district. Two underground diamond drills will be deployed along the drift…
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URANIUM: NexGen winter drill campaign cuts multiple new zones
SASKATCHEWAN – Vancouver-based NexGen Energy has concluded its 54-hole winter drilling campaign at the Arrow and Arrow South targets as well as a regional program. The targets form part of the Rook 1 uranium property in the Athabasca Basin. Follow…
