Canadian Mining Journal Staff, Author at Canadian Mining Journal

DIAMONDS: Dominion Diamond’s tonnage, recovery up for first six months

TORONTO – DominionDiamond Corp. reports large increases in tonnage treated and carats recovered for the six months ending July 31, 2014. The company owns and operates the Ekati diamond mine and is the 60% owner of the Diavik diamond mine,...

Canadian Mining Journal Staff | August 19, 2014 | 4:16 pm

COPPER-GOLD: Kaizen welcomes Japanese partner for Aspen Grove exploration

BRITISH COLUMBIA – Vancouver's Kaizen Discovery has signed a strategic partnership with Itochu Corp. of Japan for the exploration of Kaizen's newly acquired Aspen Grove copper-gold porphyry property. Itochu is providing $4 million in...

Canadian Mining Journal Staff | August 19, 2014 | 4:14 pm

GOLD: Roxgold receives approvals for Yaramoko project

BURKINA FASO – Roxgold Inc. of Toronto has received approvals of both its environmental and social impact studies from the government of Burkina Faso. The company calls the event a "milestone" in the permitting process for its Yaramoko...

Canadian Mining Journal Staff | August 19, 2014 | 4:13 pm

CRUSHER: Westpro wins contract for Renard jaw crusher and high capacity thickener

MISSISSAUGA, Ontario – Westpro Machinery has been awarded the contract to supply two key pieces of equipment for Stornoway's Renard diamond project in northern Quebec. The manufacturer will supply both a JC4050 jaw crusher and a TH55HC...

Canadian Mining Journal Staff | August 19, 2014 | 4:12 pm

Balmoral delivers more high-grade nickel-PGE at Grasset

Balmoral Resources' (TSX: BAR) latest drill results provide further confirmation of new high grade discovery at its Grasset nickel-copper-PGE project in Quebec, 600 km northwest of Montreal.

Canadian Mining Journal Staff | August 19, 2014 | 4:10 pm

URANIUM: Fission to raise $12.5M+ for exploration

KELOWNA, British Columbia – Fission Uranium Corp. has entered into a deal with a syndicate of investors led by Dundee Securities for a $12.5-milion bought private placement. The underwriters have agreed to buy 8.35 million flow-through...

Canadian Mining Journal Staff | August 18, 2014 | 4:25 pm

GOLD-COPPER: Update on Mount Polley spill

BRITISH COLUMBIA – Two weeks after the devastating tailings spill at the Mount Polley gold-copper mine 100 km northeast of Williams Lake, more information about it is reaching the public. The mine is owned by Imperial Metals of Vancouver.

Canadian Mining Journal Staff | August 18, 2014 | 4:22 pm

MONEY: KWG offers flow-through shares and units

TORONTO – KWG Resources has announced plans to issue both flow-through shares and units in a bid to raise between $4 million and $10 million. The money will be used for exploration at the Koper Lake and Fishtrap Lake projects, to continue...

Canadian Mining Journal Staff | August 18, 2014 | 4:18 pm

GOLD: GTA, Balmoral choose joint venture for Northshore property

ONTARIO – GTA Resources and Mining of Burlington, ON, has advised Balmoral Resources of Vancouver that it will not exercise its second option on the Northshore gold property near Schreiber. Instead, a joint venture will be created with...

Canadian Mining Journal Staff | August 18, 2014 | 4:16 pm

Ousted Cliffs CEO to receive US$11M payment

Struggling iron ore and coal miner Cliffs (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.

Canadian Mining Journal Staff | August 18, 2014 | 4:15 pm

POWER: Northwest Transmission Line lights up remote BC

BRITISH COLUMBIA – On August 13, 2014, the Northwest Transmission Line was powered up, bringing electricity to a remote region in the northwest part of the province. The 287-kV line runs from near Terrace to a new substation near Bob...

Canadian Mining Journal Staff | August 14, 2014 | 4:13 pm

GOLD: IamGold sees jump in net cash to over $96M in Q2

TORONTO – IamGold Corp. recorded revenues of US$288.6 million in Q2 2014, up from the US$301.1 million in the same quarter of 2013. That left the company with net cash from operations of US$96.8 million, up 155% from the US$37.9 million...

Canadian Mining Journal Staff | August 14, 2014 | 4:12 pm

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