Canadian Mining Journal

Australia, NZ & South Pacific

  • News

    COPPER-GOLD: Nautilus, Tongling ink new offtake deal for Solwara 1

    December 14, 2015 by Canadian Mining Journal

    PAPUA NEW GUINEA – Toronto-based Nautilus Minerals is a step closer to being the first seafloor massive sulphide miner with the signing of a new offtake agreement for its Solwara 1 copper-gold project in the Bismarck Sea. Tongling Nonferrous Metals

  • COMMENT: BHP Billiton to boost copper output

    December 2, 2015 by Marilyn Scales

    Australian mining powerhouse BHP Billiton announced plans this week to lower copper unit costs by boosting output by 1.7 million t/y. That’s’ a doubling of the 1.7 million tonnes the company produced in the year ending June 30, 2015. The

  • News

    MINING PEOPLE: Adriana Resources, Kaminak Gold, and Newmarket Gold

    November 19, 2015 by Canadian Mining Journal

    Adriana Resources of Toronto has appointed Michael Harrison as president and CEO as Allen J. Palmiere has stepped down from those offices. Richard Williams has been elected to the board of Vancouver-based Kaminak Gold Corp. He is currently VP engineering

  • News

    COPPER-GOLD: Nautilus marks start of construction of deep sea support vessel

    September 29, 2015 by Canadian Mining Journal Editor

    TORONTO – Nautilus Minerals has finally reached a major milestone in its quest to become the world’s first commercial deep sea mining company. On Friday, Sept. 25, the first steel was cut, marking the beginning on construction of…

  • News

    SAFETY: Western Australia launches code for autonomous mining systems

    September 17, 2015 by Canadian Mining Journal Editor

    WESTERN AUSTRALIA – Earlier this week Western Australia mining minister Bill Marmion approved the world’s first safety code of practice for autonomous mining systems.

  • News

    OceanaGold is firing on all cylinders

    June 8, 2015 by Canadian Mining Journal Editor

    There aren’t many companies in the mining sector these days that are able to pay off large chunks of debt from operating cash flow and embark on sizable acquisitions at the same time. OceanaGold (TSX: OGC) is one of them.

  • News

    COPPER-GOLD: Low social, environmental impact for Solwara 1 project

    June 2, 2015 by Canadian Mining Journal Editor

    PAPUA NEW GUINEA – Toronto’s Nautilus Minerals has received an independent report that concludes the undersea Solwara 1 copper-gold project has the potential to have far less social and environmental impact than similar projects on land.

  • News

    GOLD: Barrick sells Cowal mine to Evolution for $550M

    May 25, 2015 by Canadian Mining Journal Editor

    AUSTRALIA – Barrick Gold of Toronto has agreed to sell its 100% interest in the Cowal gold mine in New South Wales to Evolution Mining for US$550 million in cash. The proceeds of the sale will be used to pay down debt. Barrick will also…

  • News

    GOLD: Barrick continues to shed non-core assets

    May 19, 2015 by Canadian Mining Journal Editor

    TORONTO – Barrick Gold continues to shed non-core assets as it attempts to reduce its corporate debt by US$3 billion this year. The latest project to get the boot is the Gold Ridge exploration project in Nevada.

  • News

    Otterburn’s K92 picks up Barrick’s Kainantu mine

    February 26, 2015 by Canadian Mining Journal Editor

    Measures taken by Barrick Gold (TSX: ABX; NYSE: ABX) to divest non-core assets, chip away at debt and focus on five cornerstone mines in the Americas are benefiting juniors like Otterburn Resources (TSXV: OBN).

  • News

    Contrarian Anglo Pacific Group picks up coal royalty

    February 10, 2015 by Canadian Mining Journal Editor

    Anglo Pacific Group (TSX: APY; LSE: APF) is paying US$60 million in cash and US$5 million in shares for a royalty on Whitehaven Coal’s (ASX: WHC) Narrabri thermal coal mine in Australia at a time when the price of thermal coal…

  • News

    SPINOUT: BHPBilliton names newco “South32”

    December 8, 2014 by Canadian Mining Journal Editor

    MELBOURNE, Australia – BHP Billiton says the new company it intends to create through its proposed demerger will be called South32. Most of the new company’s assets are located in the southern hemisphere with two regional centres –…