Canadian Mining Journal



  • News

    LITHIUM DEVELOPMENT: Canada Lithium arranges $110-M toward Quebec project

    January 11, 2011 by Canadian Mining Journal Editor

    QUEBEC – Toronto’s Canada Lithium is arranging a $110-million bought deal financing that is earmarked for partial development of its Quebec lithium mine 60 km north of Val d’Or. A syndicate, lead by Scotia Capital and Macquarie Capital Markets…

  • News

    ACQUISITION: HudBay sets sights on Norsemont

    January 10, 2011 by Canadian Mining Journal Editor

    TORONTO – HudBay Minerals has set its sights on acquiring Norsemont Mining in a cash and share deal worth $520 million. The deal will bring Norsemont’s Constancia copper development project in Peru into the HudBay portfolio. Its addition will…

  • News

    BASE METAL STUDY: Buchans receives pit plan for Lundberg and Engine House deposits

    January 5, 2011 by Canadian Mining Journal Editor

    NEWFOUNDLAND – Buchans Minerals Corp. of Windsor, NS, has received a detailed open pit mine plan for its Lundberg and Engineer House base metals deposits in central Newfoundland. Wardrop prepared the plans based on a 5,000-t/d operation.

  • News

    MOLYBDENUM STUDY: Robust economics projected for restart of Kitsault mine

    December 20, 2010 by Canadian Mining Journal Editor

    BRITISH COLUMBIA – Avanti Mining of Vancouver is projecting “robust economics” for its reopened Kitsault molybdenum mine, based on the results of a recent feasibility study prepared by AMEC. The property has an estimated measured and indicated…

  • News

    LITHIUM STUDY: Outlook positive for Quebec project, production in 2013

    December 20, 2010 by Canadian Mining Journal Editor

    QUEBEC – Canada Lithium Corp. of Toronto said the feasibility study is positive for its Quebec lithium project near Val d’Or. The company anticipates that construction will start in mid-2011 and full production in 2013, subject to financing and…

  • News

    REE RESOURCES: First Gold offers indicated number for Rose deposit

    December 14, 2010 by Canadian Mining Journal Editor

    QUEBEC – First Gold Exploration of Laval, QC, says its Rose deposit at the Lac Pivert/Rose project in the James Bay region contains an indicated resource of 11.4 million tonnes grading 1.34% Li2O, 165 ppm Ta2O5 and 377 ppm BeO. The indicated…

  • News

    ZINC-COPPER MINING: HudBay outlines production, spending plans for 2011

    December 13, 2010 by Canadian Mining Journal Editor

    TORONTO – HudBay Minerals is looking forward to next year with optimism and plans to produce between 70,000 and 90,000 tonnes of zinc plus 40,000 and 55,000 tonnes of copper. Reduced production at Trout Lake will be offset by a full year of…

  • News

    MERGER: Franco-Nevada, Gold Wheaton deal provides opportunity for Quadra FNX

    December 13, 2010 by Canadian Mining Journal Editor

    TORONTO and VANCOUVER – Franco-Nevada Corp. and Gold Wheaton have agreed to a friendly business combination that will have Franco-Nevada paying approximately $830 million for the Vancouver company. Franco-Nevada is offering $5.20 per share,…

  • News

    FINANCING: Breakwater’s $30-M offering grows to $40-M overnight

    December 9, 2010 by Canadian Mining Journal Editor

    TORONTO – Less than a day after announcing a $30-milllion bought deal, Breakwater Resources said it had increased the offering to $40 million. There is also an overallotment that, if fully exercised, will bring the total to $44.1 million. The…

  • News

    MINING PEOPLE IN THE NEWS: Consolidated Thompson, NovaGold, Quest Rare Minerals, Ridgemont Iron Ore, Silver Predator and Sinchao Metals

    November 30, 2010 by Canadian Mining Journal Editor

    Consolidated Thompson Iron Mines of Montreal has announced that Richard Quesnel has stepped down from his responsibilities as president, CEO and director of the company. Chairman Brian V. Tobin will take up those roles in the interim.

  • News

    MOLYBDENUM MINING: Roca starts rehab work at Max mine

    November 25, 2010 by Canadian Mining Journal Editor

    BRITISH COLUMBIA – Roca Mines of Vancouver has announced the start of rehabilitation work at its Max molybdenum mine near Revelstoke. Damage to temporary ventilation bulkheads and landings within the ventilation raise and manway was caused by…

  • AWARDS: TVI Pacific collects hardware from Philippine government

    November 23, 2010 by Canadian Mining Journal Editor

    CALGARY – TVI Pacific is the recipient of four environmental and safety awards bestowed by the government of the Philippines and the country’s leading mining industry association. The awards were presented at the annual mine safety and…