Canadian Mining Journal Staff, Author at Canadian Mining Journal

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

IRON ORE: Glencore signs off-take for Kami concentrate

LABRADOR – Alderon Iron Ore Corp. of Vancouver, 75% owner of the Kami iron ore development near Wabush, says that Glencore has signed an off-take agreement for Kami output. When production begins in 2015, Glencore will buy 40% of the...

Canadian Mining Journal Staff | July 29, 2014 | 4:01 pm

‘Fourteen holes, fourteen hits’ for Fission at PLS

VANCOUVER – Fission Uranium (TSXV: FCU) hit mineralization in every one of the first 14 holes of its summer drill program at Patterson Lake South (PLS), continuing a drilling success story that has delineated shallow, high grade uranium...

Canadian Mining Journal Staff | July 29, 2014 | 4:00 pm

DIAMONDS: Mountain Province arranges US$370M term loan for Gahcho Ku

NORTHWEST TERRITORIES – Toronto-based Mountain Province Diamonds has arranged a senior secured term loan facility of up to US$370M for fund its share of construction at the Gahcho Kué diamond mine 300 km northeast of Yellowknife....

Canadian Mining Journal Staff | July 28, 2014 | 4:11 pm

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