Canadian Mining Journal


Canada


  • News

    GOLD DEVELOPMENT: Alexis arranges Snow Lake loan

    May 29, 2012 by Canadian Mining Journal Editor

    MANITOBA – Alexis Minerals of Toronto has received formal credit approval from Credit Suisse for a US$45-million, 4.5-year term loan to hasten development of the Snow Lake (formerly New Britannia) gold mine 80 km east of Flin Flon.

  • News

    GOLD STUDY: Back River PEA puts NPV at over $1-B

    May 29, 2012 by Canadian Mining Journal Editor

    NUNAVUT – Vancouver-based Sabina Gold & Silver Corp. has completed a positive preliminary economic assessment for its 100%-owned Back River gold project 75 km from Bathurst Inlet. The pre-tax net present value (5%) is $1.1 billion and…

  • News

    GOLD MINING: Forest fires retreat, work resumes at mines

    May 29, 2012 by Canadian Mining Journal Editor

    ONTARIO – The forest fires that last week forced three gold mines in northern Ontario to suspend operations have begun to abate and residents are beginning to return to their homes and cottages.

  • News

    Prophecy Platinum sees promising signs at Wellgreen

    May 29, 2012 by Canadian Mining Journal Editor

    VANCOUVER — Things keep rolling along for Vancouver-based exploration outfit Prophecy Platinum at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon Territories. The company released a flurry of news to end…

  • News

    DIAMOND DEVELOPMENT: Gahcho Ku partners advance $31.3 million

    May 28, 2012 by Canadian Mining Journal Editor

    NORTHWEST TERRITORIES – Joint venture partners Mountain Province Diamonds (49%) of Toronto and De Beers Canada (51%), also based in Toronto, are spending $31.3 million over the next year at their Gahcho Kué diamond project near…

  • News

    ZINC-LEAD STUDY: Smaller, high grade mining possible at Selwyn

    May 28, 2012 by Canadian Mining Journal Editor

    YUKON TERRITORIES – Selwyn Resources of Vancouver and its partner Chihong Canada Mining are taking another look at their Selwyn zinc-lead project near Howard’s Pass. The feasibility study written in 2010 focused on an underground…

  • ENVIRONMENT: Teck offers $2-M to conserve land on Columbia Lake

    May 28, 2012 by Canadian Mining Journal Editor

    BRITISH COLUMBIA – Vancouver-based Teck Resources is contributing $2 million to the Nature Conservancy of Canada to help protect Lot 48 on Columbia Lake approximately 5 km south of Fairmont Hot Springs.

  • News

    Positive trends for Canadian coal

    May 28, 2012 by Canadian Mining Journal Editor

    As president of the Coal Association of Canada (CAC) and representing the broad spectrum of companies engaged in the exploration, development and transportation of coal, Ann Marie Hann has a unique window on the trends occurring in…

  • News

    FINANCING: Canada Lithium to raise $30-M for Quebec project

    May 24, 2012 by Canadian Mining Journal Editor

    QUEBEC – Canada Lithium of Toronto is raising $30 million with which to fund some of the construction at its Quebec lithium project 60 km north of Val d’Or. The company will issue 83.3 million common shares priced at $0.36 each. The…

  • News

    REE STUDY: Ashram deposit shows robust economics

    May 24, 2012 by Canadian Mining Journal Editor

    QUEBEC – The preliminary economic assessment of the Ashram rare earth element deposit at the Eldor project in the northern part of the province shows what owner Commerce Resources of Vancouver calls “robust economics.” The…

  • News

    ACQUISITION: Marathon looks to Mountain Lake

    May 24, 2012 by Canadian Mining Journal Editor

    TORONTO – Marathon Gold Corp. has agreed to acquire all of the outstanding common shares of Mountain Lake Resources. The transaction will consolidate Marathon’s and Mountain Lake’s 50% interests in the Valentine Lake gold…

  • News

    Labrador Iron Mines: Canada’s newest iron ore producer

    May 24, 2012 by Canadian Mining Journal Editor

    VANCOUVER — Toronto-based Labrador Iron Mines is first out of the gate as the race is on to cash in on Canada’s reinvigorated iron ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian developers…