Canadian Mining Journal Staff

RESULTS: Roundup for the second quarter

This is the season for corporations to announce their second quarter results, both financial and operational. As expected, the news releases are arriving at the inbox in large numbers. Yesterday we offered results from Sherritt and North...

Canadian Mining Journal Staff | July 31, 2014 | 3:42 pm

MINING PEOPLE: Castle Mountain, CEMI, Goldeye, Kombat Copper, and Sierra Metals

Dr. Matthew Pierce is the new director for the Centre for Excellence in Mining Innovation's (CEMI) Rio Tinto Centre for Underground Mines Construction in Sudbury, ON. Dr. Erick Eberhardt takes up the role of associate director. Pierce replaces...

Canadian Mining Journal Staff | July 31, 2014 | 3:39 pm

Editorial: Cliffs and Casablanca – the start of a beautiful friendship?

It’s the biggest shareholder revolt of the current downturn in mining, but as we go to press it looks like Casablanca Capital has succeeded fulsomely in its long-shot bid to swamp the 11-member board of Cliffs Natural Resources with six...

Canadian Mining Journal Staff | July 31, 2014 | 3:37 pm

MOLYBDENUM: Avanti arranges loan for Kitsault development

BRITISH COLUMBIA – Toronto's Avanti Mining has arranged to borrow US$612 million for development of the Kitsault molybdenum mine 140 km northeast of Prince Rupert. The funds will be provided by a syndicate of lenders including BNP...

Canadian Mining Journal Staff | July 30, 2014 | 3:52 pm

NICKEL: Sherritt reports increased production from Ambatovy

MADAGASCAR – Sherritt International Corp. of Toronto reported higher nickel and cobalt production from the Ambatovy nickel mine in the second quarter compared to the first quarter of 2014. Total nickel output was up 26% to 9,004 tonnes,...

Canadian Mining Journal Staff | July 30, 2014 | 3:51 pm

PALLADIUM: NAP enjoys Q2 turnaround

ONTARIO - "Our turn-around efforts at LDI achieved a significant milestone during the second quarter with the completion of the underground ore handling system upgrades, and increased utilization of the shaft for both ore hoisting and...

Canadian Mining Journal Staff | July 30, 2014 | 3:49 pm

PIPING: Victaulic introduces new style coupling for mining systems

EASTON, Pennsylvania – Victaulic, the world's leading manufacturer of mechanical pipe joining systems, introduces Style 177N QuickVic® Installation-Ready™ coupling. The flexible coupling's was specifically designed to withstand...

Canadian Mining Journal Staff | July 30, 2014 | 3:48 pm

ENGINEERING: DRA closes strategic acquisition with Taggart Global

PITTSBURGH, Pennsylvania – DRA Group Holdings has agreed to acquire the Forge Group North America companies formerly known as Taggart Global. The transaction is expected to close shortly.

Canadian Mining Journal Staff | July 30, 2014 | 3:46 pm

Timmins Gold doubles Q2 profits

Timmins Gold (TSX:TMM; NYSE MKT: TGD), which recently settled a proxy fight with dissident shareholder Sentry Investments, reported a second quarter profit of US$3.2 million, or US2¢ per share, double the amount earned a year ago, but...

Canadian Mining Journal Staff | July 30, 2014 | 3:43 pm

COMMENT: Benefits agreements abound after Supreme Court rulings

Since the Supreme Court of Canada released its Tsilhqot’in and Grassy Narrows rulings earlier this month, groups in both British Columbia and Ontario are wasting no time pulling together benefit agreements.

Canadian Mining Journal Staff | July 29, 2014 | 4:06 pm

NICKEL-PGM: Royal Nickel files West Raglan technical report

QUEBEC – Royal Nickel Corp. of Toronto says the technical report for the West Raglan nickel-platinum group project has been filed on SEDAR and on its website. The project is 100% owned by True North Nickel, a private company in which...

Canadian Mining Journal Staff | July 29, 2014 | 4:04 pm

GOLD: Pretium closes $60M share offering

VANCOUVER – Pretium Resources has closed a primary and secondary common share offering that grossed slightly more than US$60 million. Pretium sold 8.28 million common shares at US$7.25 per share for gross proceeds of US $49.5 million and...

Canadian Mining Journal Staff | July 29, 2014 | 4:03 pm

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