Canadian Mining Journal Staff

IRON ORE: Tata buys LIM’s share of Howse venture

LABRADOR – Montreal-based Tata Steel Minerals Canada has acquired the remaining 49% of the Howse joint venture. It bought out its partner, Labrador Iron Mines Holdings, for $5 million in cash. The buyout complied with the terms of the...

Canadian Mining Journal Staff | April 6, 2015 | 4:22 pm

ALUMINA: Orbite completes $10M bought deal financing

QUEBEC – Orbite Aluminae of Montreal has completed the first part of a public offering in the amount of $10 million. The underwriter, Euro Pacific Canada, has an option to purchase $5 million worth of additional units. The net proceeds...

Canadian Mining Journal Staff | April 6, 2015 | 4:20 pm

GOLD: Premier to buy Goldcorp’s 40% share of South Arturo

NEVADA – Premier Gold Mines of Thunder Bay, ON, is buying Goldcorp's 40% interest in the former South Arturo mine 35 km northwest of Elko, in the Carlin Trend. Barrick Gold holds the remaining 60%. South Arturo is 8 km northwest of...

Canadian Mining Journal Staff | April 6, 2015 | 4:18 pm

Belo Sun improves economics at Volta Grande

Belo Sun Mining’s (TSX: BSX; US-OTC: VNNHF) Volta Grande gold project in Brazil’s Para State has garnered positive attention from analysts after a feasibility study cut the project’s costs, making it more attractive.

Canadian Mining Journal Staff | April 6, 2015 | 4:16 pm

COPPER-ZINC: Mag Copper seeks JV for Magusi bulk sample

QUEBEC – Mag Copper of Toronto has signed a non-binding letter of intent with J.S. Redpath of North Bay, ON, and AR2K Industries of Sudbury, ON, to form a joint venture to mine an underground bulk sample from the Magusi copper-zinc...

Canadian Mining Journal Staff | April 2, 2015 | 4:26 pm

GOLD: Pretium, Nisga’a Nation sign co-operation and benefits deal for Brucejack project

BRITISH COLUMBIA – Vancouver's Pretium Resources and the Nisga'a Nation have entered into a co-operation and benefits agreement that covers the company's Brucejack gold project 65 km north of Stewart.

Canadian Mining Journal Staff | April 2, 2015 | 4:24 pm

GOLD: Barrick faces lawsuit in U.S. over Pascua-Lama

MANHATTAN, New York – A U.S. district judge ruled on April 1, 2015, that shareholders of Toronto-based Barrick Gold may pursue a class action suit based on what shareholders allege was Barrick's deceit about environmental problems...

Canadian Mining Journal Staff | April 2, 2015 | 4:23 pm

MINING PEOPLE: INV Metals, Lundin Gold, Orvana, and Tantalex Resources

INV Metals of Toronto has informed its shareholders that CEO Robert Bell is taking a medical leave of absence. Candace MacGibbon has assumed his duties, as well as her own as president and CFO, while he is gone.

Canadian Mining Journal Staff | April 2, 2015 | 4:19 pm

WORK WEAR: Covergalls success featured on Dragons Den April 8

SUDBURY, Ontario – Covergalls Inc. will be featured on an upcoming episode of Dragons’ Den, airing Wednesday, April 8, 2015, at 8 p.m. (8:30 p.m. in Newfoundland) on CBC Television. As you may or may not know, Covergalls was...

Canadian Mining Journal Staff | April 2, 2015 | 4:16 pm

COPPER: Taseko’s Gibraltar mine wins John Ash Safety Award

BRITISH COLUMBIA – Taseko Mines of Vancouver is proud of the safety record at its Gibraltar copper-molybdenum mine.  Proud, too, that the mine 65 km north of Williams Lake is the recipient of the 2014 John Ash Safety Award given the...

Canadian Mining Journal Staff | April 1, 2015 | 4:07 pm

CORPORATE SOCIAL RESPONSIBILITY: TMAC, Inuit sign land deal

NUNAVUT – Toronto's TMAC Resources have signed a 20-year land tenure and benefits agreement with the Kitikmeot Inuit Association (KIA) and Nunavut Tunngavik Inc. (NTI). The deal includes surface and sub-surface titles within Inuit owned...

Canadian Mining Journal Staff | April 1, 2015 | 4:06 pm

GOLD: lonore reaches commercial production

QUEBEC – Goldcorp of Vancouver says its Éléonore gold mine in the James Bay region reached commercial production on April 1, 2015. The mine is expected to produce between 290,000 and 330,000 oz of gold in 2015.

Canadian Mining Journal Staff | April 1, 2015 | 4:05 pm

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