Thompson Creek piles up cash in Q3
Thompson Creek Metals (TSX: TCM; NYSE: TC) is improving its operations and balance sheet, despite ending the third quarter in the red.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
IRON ORE: DSO shipments start on new KeRail spur line
QUEBEC – Rail haulage has begun on the newly built KeRail spur that services the DSO iron ore project near Schefferville. The project is operated and 80% owned by Tata Steel Minerals Canada in partnership with New Millennium Iron Corp....
GOLD: Dutch miner wants in on Lynn Lake play
AMSTERDAM – Nord Gold NV, a pure gold play company headquartered in this Dutch city, has asked permission from the board of Carlisle Goldfields in Toronto to purchase all of the Canadian company's issued and outstanding common shares.
COPPER-ZINC: Foran releases positive PEA for McIlvenna Bay
SASKATCHEWAN – Foran Mining Corp. of Vancouver has released a positive preliminary economic assessment for a proposed underground mine at the McIlvenna Bay copper-zinc deposit 60 km west of Flin Flon, MB. The report was prepared by JDS...
GOLD: Lake Shore cuts wide, high grades at 144 Gap zone
ONTARIO – The first of four drill holes at the 144 exploration area look good to owner Lake Shore Gold of Toronto. The area is immediately southwest of the Thunder Creek deposit at the Timmins West mine 18 km west of the city of the same...
MINING PEOPLE: Avanti Mining, Barrick, Claude Resources, Grenadier, Lake Shore Gold, and Turquoise Hill
Avanti Mining of Toronto has named Greg Miazga as project manager and Luke Klemke as general manager of the Kitsault molybdenum project. Miazga was most recently the director of engineering and construction at the Detour Lake gold mine. Klemke...
Transparency act to introduce new reporting requirements for miners
It will soon be mandatory for Canadian mining and oil and gas companies to report payments to foreign and domestic governments – including, eventually, First Nations governments in Canada.
GOLD: Whale Tail grows at Agnico’s Amaruq
NUNAVUT – Agnico Eagle Mines of Toronto has completed a 144-hole drill program at the Amaruq gold project 50 km northwest of its Meadowbank mine. The company signed an exploration agreement with Nunavut Tunngavik Inc. giving it a 100% in...
GOLD: Brewery Creek PEA points way for Golden Predator
YUKON – Golden Predator Mining Corp., headquartered in Hayden, ID, says the preliminary economic assessment of the Brewery Creek gold property gives the project a net present value of $18.1 million if gold is US$1,150/oz or $114.5 million...
AWARD: Best junior in NB is Puma Exploration
NEW BRUNSWICK – This year's best junior mining company in New Brunswick is Puma Exploration of Rimouski, QC. The award was bestowed by the New Brunswick Prospectors and Developers Association for Puma's $10-million spending on exploration...
COPPER: EDC’s $300M Codelco financing to spur sales of Canadian equipment
OTTAWA – Export Development Canada (EDC) today announced the disbursement of US$300 million in financing for Chile’s state-owned copper production company, Corporación Nacional del Cobre de Chile (Codelco). The loan was...
M&A deals should double in value in 2014
Mergers and acquisitions (M&A) in the mining sector should double in value this year compared to 2013, where deal volumes fell short of the $90 billion mark, according to a new report by Grant Thornton.
Komatsu launches world’s largest hydraulic mining excavator
Komatsu’s Germany Mining Division has announced the global launch of the PC9000-12, the largest and most innovative hydraulic mining excavator in the […]