Canadian Mining Journal

Australia, NZ & South Pacific

  • COPPER: Copper Mountain bids US$70M for Altona Mining

    November 21, 2017 by Canadian Mining Journal

    VANCOUVER — Copper Mountain Mining has tabled a US$70-million, all-share bid for Australia-based Altona Mining and its district-scale Cloncurry copper-gold property 95 km northeast of Mount Isa in Queensland, Australia. The company reported on Nov. 19 that it is offering Altona shareholders 0.0974 of a

  • DRILLING: New line of Longyear diamond drilling bits cut faster and last longer

    November 21, 2017 by Canadian Mining Journal

    SALT LAKE CITY — Boart Longyear announces the new line of Longyear™ diamond drilling bits with the release of the first bit in the line, the Longyear™ Green Bit. The Longyear Diamond Bit Color Series is an innovative and versatile

  • GOLD: New Gold Announces Sale of Peak Mines for $58 Million

    November 20, 2017 by Canadian Mining Journal

    TORONTO – New Gold Inc. today announces that it has entered into a binding agreement with Aurelia Metals Limited to sell the Peak Mines located in Cobar, New South Wales, Australia for cash consideration of $58 million. “Peak has generated significant value for New

  • News

    GOLD: KLGold extends Swan zone 120 metres down plunge at Fosterville

    November 7, 2017 by Canadian Mining Journal

    AUSTRALIA – Kirkland Lake Gold of Toronto continues to drill high grades at its Fosterville mine in Victoria state during underground definition work. The latest assays have extended the Swan zone 120 metres down plunge. The continuity of the mineralization

  • FLOTATION: Eriez, CEEC reach deal to boost efficiency

    September 11, 2017 by Canadian Mining Journal

    AUSTRALIA – Leading mineral processing technology company Eriez has joined forces with energy efficient mining and processing champion CEEC, to continue to drive improvements across the global mining industry. The Coalition for Energy Efficient Comminution (CEEC) is an international, not-for-profit

  • GOLD: Money by the tens of millions

    September 5, 2017 by Canadian Mining Journal

    VANCOUVER and TORONTO – Once again it seems investors are eager to put their money where the gold might be. In the last week, Atlantic Gold placed $18.2 million in two separate deals, Barkerville Gold Mines floated a $35-million deal,

  • News

    EXPLORATION: Junior companies get $100M tax break in Australia

    September 5, 2017 by Canadian Mining Journal

    AUSTRALIA – The Australian government has announced a new A$100-million (US$80 million) Junior Mineral Exploration Tax Credit to boost investment and mineral discovery. The move was announced by prime minister Malcolm Turnbull at a Liberal Party conference in Perth last

  • COPPER-GOLD: Freeport caves in to Indonesian government over Grasberg interest

    August 30, 2017 by Canadian Mining Journal

    INDONESIA – Freeport-McMoRan of Phoenix, Ariz., has agreed to give up control of the world’s second largest copper mine, Grasberg, to the Indonesian government. The announcement comes after escalating public outrage at foreign ownership of the mine. In January the

  • News

    COPPER-GOLD: Oz Minerals okays $900M+ mine at Carrapateena

    August 24, 2017 by Canadian Mining Journal

    SOUTH AUSTRALIA – Oz Minerals of Adelaide has given the go-ahead to this country’s largest undeveloped copper project – the A$916 million Carrapateena project. The first phase of work will begin next month with first production planned for late 2019.

  • News

    NICKEL: First Quantum to put Ravensthorpe on care and maintenance

    August 9, 2017 by Canadian Mining Journal

    AUSTRALIA – Toronto-based First Quantum Minerals has decided to puts its Ravensthorpe nickel mine in Western Australia on care and maintenance at the end of this month. Low nickel prices are to blame. The company expects to spend US$10 million

  • News

    GOLD: Kirkland Lake doubles underground ounces at Fosterville

    July 27, 2017 by Canadian Mining Journal

    AUSTRALIA – Toronto-based Kirkland Lake Gold has released a mid-year update of reserves for its Fosterville gold mine in Victoria state. Not only has the number for the underground contained ounces in reserves jumped 110% to 1.03 million oz. after

  • News

    BLASTING: Cloud puts MineExcellence blast technology at fingertips

    July 24, 2017 by Canadian Mining Journal

    AUSTRALIA – MineExcellence provides an integrated cloud and mobile based technology platform for blasting that makes it readily accessible to an average blaster. This platform takes an integrated view of blasting. It enables an average blaster to not only design