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GOLD-COBALT: Fortune updates NICO economics
NORTHWEST TERRITORIES – Micon has completed the updated feasibility study for the NICO gold-cobalt-bismuth-copper project using lower commodity prices. The project, located 160 km northwest of Yellowknife, is 100% owned by Fortune…
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MAGNESIUM: New pilot plant coming to Quebec
QUEBEC – The government of Quebec has offered a $2.5-million interest free loan to help build a pilot plant to confirm the economic viability of a new technology for producing magnesium. Alliance Magnesium will built the facility near…
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BASE METALS: Hudbay tallies year end losses
TORONTO – Hudbay Minerals has finished 2013 with a loss of $109.3 million, or $0.59 per share. The previous year, the company experienced a loss of $23.5 million or $0.12 per share. Revenue totaled $516.8 million in 2013, compared to…
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GOLD-COBALT: Fortune receives interim permit for NICO site work
NORTHWEST TERRITORIES – Fortune Minerals of London, ON, has received the staging (interim) land use permit for the NICO mine from the Wek’èezhìi Land and Water Board. The mine site is 160 km northwest of Yellowknife, near…
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Ritchie Bros. sells $60M of equipment
EDMONTON, AB: Ritchie Bros. Auctioneers announces the sale of more than CA$60 million of equipment and trucks at its unreserved public auction in Edmonton last week. More than 3,750 equipment items and trucks were sold in the two-day…
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BASE METALS: Geodex takes advantage of NB junior mining assistance
NEW BRUNSWICK – Geodex Minerals, headquartered in Vancouver, has received a grant of $40,000 from the New Brunswick Department of Energy and Mines to help cover the cost of drilling at the company’s South Dungarvon tin and Benjamin…
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TITANIUM: Argex orders long lead time items for Valleyfield plant
QUEBEC – Argex Titanium of Montreal has begun preliminary engineering work with vendors for the longest lead time items for its commercial sized titanium dioxide facility in Valleyfield.
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COMMENT: Cliffs abandons Ring of Fire
Cliffs Natural Resources, the American miner that was so hot to gain control of chromite deposits in Ontario’s Ring of Fire, is packing up and going home.
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LITHIUM: Canada Lithium reaches continuous production milestone
QUEBEC – Canada Lithium Corp. of Toronto says its Quebec lithium project 60 km north of Val d’Or has reached an important milestone – continuous production of lithium carbonate. Previously, production had been achieved only in batch…
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MOLYBDENUM: Avanti arranges $40M loan for Kitsault mine
BRITISH COLUMBIA – Vancouver-based Avanti Mining has arranged a pre-construction loan worth US$40 million with Resource Capital Fund VI. The purpose of the loan is to provide the company with working capital for the Kitsault molybdenum…
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RESEARCH: Argex Titanium opens R&D lab near Montreal
QUEBEC – Montreal’s Argex Titanium has opened the doors of its research and development west of Montreal inf Salaberry-de-Valleyfield at the site of what will be the company’s first commercial titanium dioxide production facility.
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SMELTING: KWG to patent new cheaper, cleaner ferrochrome process
TORONTO – KWG Resources, that is earning an 80% interest the Black Horse chromite deposit in Ontario’s Ring of Fire, has filed a patent application for a new method of refining chromite ore into ferrochrome using natural gas.