HSBC cuts forecasts for iron ore prices
The current iron ore market “looks like a game of chicken where no player has blinked,” says the Hong Kong and Shanghai Banking Corporation.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
AEMQ: Balmoral again Quebec’s prospector of the year
MONTREAL – As the Quebec Mining Exploration Association (AEMQ) meets to promote the mineral industry in this province, the association has given its Prospector of the Year Award to Vancouver's Balmoral Resources for the second consecutive...
COPPER-GOLD: Imperial updates remediation at Mount Polley
BRITISH COLUMBIA – Imperial Metals Corp. has substantially completed the response and recovery phase of cleaning up the Aug. 4 tailings spill at its Mount Polley copper-gold mine 100 km northeast of Williams Lake. The initial work...
AWARD: Orbite recognized for advancing “green” chemistry
OTTAWA – The Chemical Institute of Canada has given this year's Green Chemistry and Engineering Network Award to Orbite Aluminae of Montreal. The accolade recognizes Orbite for its development of a breakthrough technology in the field of...
MINING PEOPLE: El Tigre Silver, Golden Predator, Puma Exploration, Richmont Mines, and Tango Gold
Wade Anderson has been named to the newly created role of co-CEO at El Tigre Silver Corp. in Vancouver. He will share the position with the company's current CEO and president, Stuart Ross.
LUBRICATION: New Molylube Ultra from Bel-Ray revolutionizes open gear lubricants
FARMINGDALE, New Jersey – Total performance lubricant manufacturer, Bel-Ray, now offers its highest performing open gear lubricant. New Molylube Ultra does the work of three different products because it can be used for priming, running...
True Gold completes North Kao PEA
True Gold Mining (TSXV: TGM) is on track to pour the first gold at its Karma project in Burkina Faso in late 2015, with the mine plan envisioning five open pits that will be developed in sequence to feed a heap leach operation over the course...
GOLD: Kinross sells Fruta del Norte to Fortress
ECUADOR – Kinross Gold Corp. of Toronto has sold its Fruta del Norte gold project to Vancouver's Fortress Minerals Corp., a member of the Lundin Group. The price is reported to be US$240 million in cash and equity.
EXPLORATION: Global budget drops 25% in 2014
CHARLOTTESVILLE, Virginia – A report prepared for SNL Metals & Mining estimates the worldwide total budget for non-ferrous metals exploration fell to US$11.36 billion in 2014 from US$15.19 billion in 2013 – a drop of 25%.
GOLD: Lake Shore extends S2 fold nose at Timmins deposit
ONTARIO – Lake Shore Gold Corp. of Toronto is wrapping up a successful drill program at its Timmins West gold mine 18 km west of Timmins.
AWARD: BluMetric wins $1.6 million contract for hydrogeological study
OTTAWA – BluMetric Environmental of Ottawa has been awarded a $1.6 million contract for a prefeasibility hydrogeological study and geotechnical study for Labec Century Iron Ore's Joyce Lake and area direct shipping ore (DSO) project in...
Iron ore price collapse claims more victims
Cliffs Natural Resources (NYSE: CLF) and London Mining (LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6 billion non-cash impairment charge in the third quarter on its...
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 […]