Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Rubicon secures US$50M loan as Phoenix production nears

ONTARIO – Rubicon Minerals Corp. of Toronto has secured a US$50 million loan for its Phoenix gold project in the Red Lake camp. CPPIB Credit Investments, a subsidiary of Canada Pension Plan Investment Board, is advancing the funds until...

Canadian Mining Journal Staff | May 14, 2015 | 4:25 pm

VANADIUM: Largo bumps up Menchen financing to $70M

BRAZIL – Largo Resources of Toronto has bumped up the financing for the Menchen vanadium project to $70 million. When the company announced the private placement a week ago, it sought to raise $50 million.

Canadian Mining Journal Staff | May 14, 2015 | 4:24 pm

NICKEL: Glencore, Barrick to unload Kabanga project

TANZANIA – According to reports appearing in both the Wall Street Journal and Metal Bulletin, partners Barrick Gold (50%) and Glencore (50%) are hoping to sell their Kabanga nickel exploration project. The project is at the feasibility...

Canadian Mining Journal Staff | May 14, 2015 | 4:23 pm

MINING PEOPLE: Los Andes Copper, Manitou Gold, and Pretium

Vancouver-based Los Andes Copper named Antony Amberg its president and CEO. He is a geologist with a degree from the Royal School of Mines, London, has an MSc from University College and is also a chartered geologist with the Geological Society...

Canadian Mining Journal Staff | May 14, 2015 | 4:20 pm

Southern Copper rejects bribery accusations

In the latest drama unfolding at Southern Copper Corp.’s (NYSE: SCCO; LSE: SCCO) embattled Tia Maria project in Peru, the company has dismissed allegations that a lawyer, who used to work for the company, tried to bribe protestors on...

Canadian Mining Journal Staff | May 14, 2015 | 4:18 pm

NICKEL: Sherritt wins Syncrude sustainable development award

TORONTO – Sherritt International is the recipient of the 2015 Syncrude Award for Excellence in Sustainable Development. The prize recognizes the company's sustainability work at the Ambatovy nickel joint venture in Madagascar.

Canadian Mining Journal Staff | May 13, 2015 | 4:12 pm

DONATIONS: Teck pie throw raises $1.1M for BC Children’s Hospital

VANCOUVER – Mining for Miracles, the BC mining community's longstanding fundraising campaign for BC Children's Hospital, raised more than $1 million on May 7 at its signature event, the Teck Celebrity Pie Throw. Participants raised funds...

Canadian Mining Journal Staff | May 13, 2015 | 4:05 pm

GOLD: Balmoral cuts 9.30 g/t over 15+ metres at Martiniere

QUEBEC – Vancouver-based Balmoral Resources says drilling at its Martiniere gold project this winter were highlighted with intercepts of 9.30 g/t Au over 15.75 metres, including 18.11 g/t over 7.51 metres, from the Footwall zone. Other...

Canadian Mining Journal Staff | May 13, 2015 | 4:03 pm

Tahoe CEO talks post-merger growth strategies

VANCOUVER — It's been just over a month since Tahoe Resources (TSX: THO; NYSE: TAHO) completed its merger with Rio Alto Mining to create a leading mid-tier precious metals producer, but the newly combined management team...

Canadian Mining Journal Staff | May 13, 2015 | 4:01 pm

COMMENT: Transparency act may hurt indigenous communities

This February the Canadian government tabled a new measure known as the Extractive Sector Transparency Measures Act. It will force oil & gas and mining companies to disclose payments that they make to foreign and domestic government...

Canadian Mining Journal Staff | May 12, 2015 | 4:17 pm

GOLD-COPPER: Seabridge seeking third core zone at KSM

BRITISH COLUMBIA – Toronto's Seabridge Gold has released its 2015 exploration plans for its KSM copper-gold project 65 km northwest of Stewart. The company is going to drill a major core zone target for higher grades below the gold-rich...

Canadian Mining Journal Staff | May 12, 2015 | 4:16 pm

AWARDS: Dominion, Diavik and Vale Manitoba win sustainability honours

MONTREAL – The Mining Association of Canada has recognized two of Canada's miners with its Toward Sustainable Mining (TSM) Awards.

Canadian Mining Journal Staff | May 12, 2015 | 4:12 pm

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