Canadian Mining Journal Staff

GOLD: IDM’s Red Mountain PEA looks at five-year mine life

BRITISH COLUMBIA – IDM Mining of Vancouver has released a preliminary economic assessment of its Red Mountain gold project that outlines both low capital and low operating costs. The project is located near Stewart.

Canadian Mining Journal Staff | July 23, 2014 | 4:10 pm

EPA may veto Pebble over water risk

VANCOUVER – The US Environmental Protection Agency (EPA) says it might employ a little used veto power to block development of the Pebble mine in Alaska’s Bristol Bay, the latest twist in a long battle over the proposed mine.

Canadian Mining Journal Staff | July 23, 2014 | 4:09 pm

COMMENT: New standards for responsible mining proposed by IRMA

The Initiative for Responsible Mining Assurance (IRMA), has released a draft Standard for Responsible Mining for public comment. The draft is a proposed set of principles to improve social and environmental performance in the mining sector.

Canadian Mining Journal Staff | July 22, 2014 | 4:12 pm

DIAMONDS: Dominion updates Ekati mine plan

NORTHWEST TERRITORIES – Dominion Diamond Corp. of Whitehorse, YT, has shared its updated mineral resources and new mine plan for the Ekati diamond mine at Lac de Gras. The Misery Satellite estimate is now inferred, rather than being an...

Canadian Mining Journal Staff | July 22, 2014 | 4:10 pm

FLEET MANAGEMENT: Wenco adds offices in three US states

RICHMOND, British Columbia – With new offices in the United States, Wenco International Mining Systems now offers improved in-country sales, service, and support to American clients of its mine fleet management and high precision...

Canadian Mining Journal Staff | July 22, 2014 | 4:09 pm

MERGER: Aecom to pay $4B for URS Corp.

CALIFORNIA – Engineering design firm Aecom Technology Corp. has offered US$4 billion in cash and stock to acquire URS Corp., an engineering and construction services company. Aecom has offered the equivalent of US$56.31 per URS share,...

Canadian Mining Journal Staff | July 22, 2014 | 4:08 pm

San Gold to merge with Kerr Mines

Winnipeg-based junior miner San Gold (TSX: SGR) is merging with Toronto-based explorer and developer Kerr Mines (TSX: KER), where the former intends to transfer its turnaround plan at the Rice Lake complex to Kerr’s recently acquired...

Canadian Mining Journal Staff | July 22, 2014 | 3:59 pm

DIAMONDS: Lutsel K’e Dene First Nation signs benefit deal for Gahcho Ku

NORTHWEST TERRITORIES – Last week De Beers Canada, the 51% owner and operator of the Gahcho Kué diamond project, Mountain Province Diamonds, the 49% owner, and the Lutsel K'e Dene First Nation announced the signing of the impact...

Canadian Mining Journal Staff | July 21, 2014 | 4:19 pm

LITHIUM: Quebec Lithium plant on-stream after upgrades

QUEBEC – The Quebec Lithium mineral processing plant 40 km southeast of Amos is again up and running after the recent maintenance and upgrade shutdown, according to owner RB Energy of Vancouver. The goal is to reach commercial rates of...

Canadian Mining Journal Staff | July 21, 2014 | 4:18 pm

URANIUM: Drilling at PLS points to connecting the zones

SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, continues to drill its Patterson Lake South property in the Athabasca Basin. The assay results from eight recent holes have the company thinking the various zones of mineralization can...

Canadian Mining Journal Staff | July 21, 2014 | 4:16 pm

COPPER: Peru to double production by 2016

PERU – Eleodoro Mayorga, the Peruvian minister of energy and mines, recently said that his country will double its copper production by 2016, making it the second largest producer in the world.

Canadian Mining Journal Staff | July 21, 2014 | 4:13 pm

CONTRACTS: Building mines on fixed price EPC contracts coming to Canada

BRISBANE, Australia – For decades Canadian mining companies have only been able to watch with envy as major construction projects in other industries utilize EPC (engineering, procurement and construction) or “fixed price”...

Canadian Mining Journal Staff | July 21, 2014 | 4:12 pm

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