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GOLD: Chilean court orders Barrick to close Pascua-Lama permanently
CHILE – Last week the Chilean environmental court ordered Toronto-based Barrick Gold to permanently close its Pascua-Lama gold project that lies within the country. The company was told in January 2018 to close the project and fined US$11.5 million by…
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GOLD: Court rules against Kinross mine in Chile
CHILE – The supreme court of Chile has maintained the closure of the water pumping wells at the Maricunga gold mine owned by Toronto’s Kinross Gold. This is the latest chapter in a long dispute between the company and the…
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URANIUM: Cameco suspends McArthur River, Key Lake indefinitely
SASKATCHEWAN – Hit by falling uranium prices and large quarterly losses, Cameco Corp. says the suspension of mining at McArthur River and mineral processing at Key Lake will continue for the foreseeable future. Mining and milling were originally suspended last…
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URANIUM: Cameco to suspend McArthur River and Key Lake operations
SASKATCHEWAN – Cameco Corp., one of the world’s foremost uranium producers, says continued price weakness is forcing it to suspend operations at the McArthur River mine and Key Lake mill. The suspension will begin by the end of January 2018…
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DIAMONDS: De Beers, Yellowknives partner for maintenance at Snap Lake
NORTHWEST TERRITORIES – Calgary-based De Beers Canada has created a new partnership with the Det’On Cho Corp. (DDC) for the care and maintenance of the Snap Lake diamond mine. The corporation is the business development arm of the Yellowknives Dene…
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Great Panther buys Nyrstar’s Coricancha
Junior silver miner Great Panther Silver (TSX: GPR; NYSE: GPL) has acquired Belgian smelting giant Nyrstar’s idled Coricancha gold-silver-lead-zinc-copper mine and mill complex, 90 km east of Lima, Peru. The 600-t/d underground mine, which has been under care and maintenance since 2013, could…
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CONTRACT: Denison Environmental extends work at closed BHP mines in Ontario and Quebec
TORONTO – Denison Mines has announced that the company’s environmental services business, operating under the brand Denison Environmental Services, has entered into a new two-year services agreement in relation to the management and operation of several of BHP’s decommissioned mine…
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NICKEL: Vale to close Stobie mine
ONTARIO – Brazilian miner Vale said late last week that it will put the Stobie nickel-copper mine near Sudbury on care and maintenance later this year. About 230 jobs will be affected. The company said low ore grades, soft metals…
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Great Panther to buy Coricancha from Nyrstar
VANCOUVER — Junior silver miner Great Panther Silver (TSX: GPR; NYSE-MKT: GPL) has struck a deal with Nyrstar to acquire the European smelting giant’s shuttered Coricancha polymetallic mine complex, 90 km by road east of Lima, Peru. Great Panther wants to bring the 600-tonne-per-day…
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DIAMONDS: Snap Lake mine to be flooded
NORTHWEST TERRITORIES – Unable to find a buyer, De Beers Canada has decided to go forward with putting the Snap Lake diamond mine on extended care and maintenance. In effect, this means flooding the underground mine. De Beers said the…
