Canadian Mining Journal

Australia, NZ & South Pacific

  • 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 –…

  • News

    Glencore to shut Australian coal mines temporarily

    November 18, 2014 by Canadian Mining Journal Editor

    Glencore (LSE: GLEN) says it plans to shut down its coal operations in Australia for three weeks starting from mid-December due to slack demand and weak prices.

  • News

    DRILLING: Driller supports major conference

    July 15, 2014 by Canadian Mining Journal Editor

    Drill manufacturer Boart Longyear announces that it will be the major sponsor of the Australian Drilling Industry Association’s (ADIA) DRILL 2014 conference at the Gold Coast Convention & Exhibition Centre in Gold Coast, Queensland on…

  • News

    COMMENT: Riots at Goro cause $30M in damage

    May 28, 2014 by Canadian Mining Journal Editor

    It appears that Vale SA has run into a spot of trouble at the Goro laterite nickel mine in New Caledonia. Turns out it was a rather large spot that will take $30 million to repair.

  • News

    Are the clouds parting for junior miners?

    May 21, 2014 by Canadian Mining Journal Editor

    Junior miner Novo Resources (CSE: NVO) checks all the boxes: It’s led by a well known, connected and respected geologist; it has several prospective gold projects (one of which has an inferred resource) in the low risk jurisdiction of…

  • News

    NICKEL: TVI Pacific produces first hydroxide from pilot plant

    March 17, 2014 by Canadian Mining Journal Editor

    PHILIPPINES – As Calgary-based TVI Pacific continues working towards earning a 60% interest in the Agata iron-nickel laterite project in the Agusan del Norte province, the company says its pilot plant has produced the first nickel…

  • News

    Barrick sells another asset in Australia

    January 27, 2014 by Canadian Mining Journal Editor

    Barrick Gold (TSX: ABX; NYSE:ABX) continues to peel back its presence in Australia as it prepares to take another hit on its balance sheet due to Pascua-Lama.