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COPPER-GOLD: Imperial cites low prices in decision to suspend Mount Polley mining
BRITISH COLUMBIA – Vancouver-based Imperial Metals Corp. says the low price of copper is responsible for its decision to suspend mining at its Mount Polley copper-gold project 55 km northeast of Williams Lake. Processing of low grade stockpiles will continue…
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COPPER: Capstone places Minto mine on care and maintenance, still looking for buyer
YUKON – Vancouver-based Capstone Mining and Pembridge Resources have terminated their agreement for the sale of the Minto copper-gold mine 240 km northwest of Whitehorse. Capstone had agreed to sell the Minto operation to Pembridge last February, putting a price…
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GOLD: Monarques suspends mining at Beaufor
QUEBEC – Montreal-based Monarques Gold Corp. plans to temporarily suspend mining at the Beaufor gold project on Dec. 14, 2018. The money-losing mine will be placed on care and maintenance. Monarques says it intends to continue exploration at Beaufor to…
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SILVER-GOLD: Tahoe’s Escobal mine remains suspended by court order
GUATEMALA – Guatemala’s highest court has ordered that Tahoe Resources’ Escobal silver-gold mine remain suspended. The decision reaffirms a lower court decision from July 2017 to halt work at Escobal and the Juan Bosco exploration licence because of what locals…
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NICKEL: Vale’s Coleman mine remains closed till mid-February
ONTARIO – The Coleman nickel-copper mine near Sudbury, owned by Vale Canada, will remain closed until the middle of next month. The owner suspended operations on Nov. 13, 2017, due to safety concerns. Originally, the work was to be…
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GOLD: Klondex cuts operations at True North mine
MANITOBA – Vancouver-based Klondex Mines is reducing its underground mining operation and workforce at the True North gold mine near Bissett. The reason given is that the mine did not achieve planned operating and cash flow targets in 2017. Klondex…
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INDUSTRIAL MINERALS: Unimin to modernize its nepheline operation
ONTARIO – Unimin Canada, with offices in Havelock, Ont., has announced a major modernization for its nepheline operations at Blue Mountain in the Kawartha Lakes. The company is planning to reduce the site’s environmental impact and footprint as well as…
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NICKEL: Vale suspends Coleman mine over safety concerns
ONTARIO – Vale Canada announced late last week that it is suspending operations at its Coleman nickel mine in Levack due to concerns about safety. The move will allow the company to expedite repairs to the shaft ventilation system at…
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DIAMONDS: De Beers to finish Victor mining in Q1 2019
ONTARIO – The De Beers Group announced on Nov. 1 that the Victor mine in Northern Ontario will be closed in the first quarter of 2019. Reserves will be exhausted at that time in line with the original feasibility study…
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NICKEL: First Quantum to put Ravensthorpe on care and maintenance
AUSTRALIA – Toronto-based First Quantum Minerals has decided to puts its Ravensthorpe nickel mine in Western Australia on care and maintenance at the end of this month. Low nickel prices are to blame. The company expects to spend US$10 million…
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NICKEL: Vale to close Birchtree mine
MANITOBA – Vale Canada, the Toronto-based arm of mining behemoth Vale SA, has announced the closure of its small Birchtree nickel mine at Thompson. The move is necessary because of weak nickel prices and declining ore grades. The suspension will…
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POTASH: PotashCorp suspends Picadilly mining
NEW BRUNSWICK – Potash Corporation of Saskatchewan has suspended mining indefinitely at the Picadilly potash mine near Sussex. The company said the cost of care-and-maintenance will be $20 million this year and $15 million in 2017 and in subsequent years.…
