Canadian Mining Journal Staff

Rio Tinto inks record-setting iron ore deal in Guinea

VANCOUVER — Roughly a decade after mega-miner Rio Tinto (NYSE: RIO; LON: RIO; ASX: RIO) was awarded the world class Simandou iron ore concessions in Guinea, West Africa, it looks like the stage has finally been set for what will be the...

Canadian Mining Journal Staff | May 28, 2014 | 4:41 pm

IRON ORE: Alderon moves Kami closer to construction

LABRADOR – The Kami Mine Limited Partnership (Kami LP), an affiliate of Alderon Iron Ore Corp. of Vancouver, has signed a benefits agreement with the province of Newfoundland and Labrador with respect to the development of the Kami iron...

Canadian Mining Journal Staff | May 27, 2014 | 4:08 pm

GOLD: Monster Lake living up to its name

QUEBEC – Now that Toronto's IamGold Corp. is drilling at the Monster Lake gold project 45 km southwest of Chibougamau, the property is shows signs of living up to its name. Hole ML-14-108 returned 11.55 g/t Au over 10.47 metres, including...

Canadian Mining Journal Staff | May 27, 2014 | 4:01 pm

FLUORSPAR: CFI bought up by US investment firm

NEWFOUNDLAND – The Ontario Superior Court has given its blessing to the sale of Canada Fluorspar Inc. (CFI) of St. John's to Golden Gate Capital of San Francisco. CFI is redeveloping the former fluorspar mines in St. Lawrence, NL.

Canadian Mining Journal Staff | May 27, 2014 | 3:56 pm

GOLD: Premier expands high grades at Cove project

NEVADA – Premier Gold Mines of Thunder Bay, ON, continues to expand high grade gold mineralization in multiple horizons at its Cove project, located along the Eureka-Battle Mountain Trend. This year's drilling has intersected multiple...

Canadian Mining Journal Staff | May 27, 2014 | 3:47 pm

Environmental permit delayed at Augusta’s Rosemont project

A recent sighting of a wildcat known as an ocelot near Augusta Resource’s (TSX: AZC; NYSE: AZC) Rosemont copper project near Tucson, AZ, has triggered US environmental authorities to believe further consultation is needed before the...

Canadian Mining Journal Staff | May 27, 2014 | 3:45 pm

EXPLORATION: Noront leases Cliffs camp at McFaulds Lake

ONTARIO – Toronto-based Noront Resources is leasing the McFaulds Lake exploration camp belonging to Cliffs Chromite Ontario, a subsidiary of Cliffs Natural Resources. Cliffs' camp is located next to Noront's existing Esker camp and will...

Canadian Mining Journal Staff | May 26, 2014 | 4:16 pm

GOLD: High grades could awaken Sleeping Giant

ONTARIO – Assays from levels 605 and 725 at the suspended Sleeping Giant gold mine are high grade, perhaps enough to allow owner Maudore Minerals of Montreal to consider reopening. The company says three new veins have been discovered and...

Canadian Mining Journal Staff | May 26, 2014 | 4:15 pm

GOLD: Atlantic Gold, Mi’kmaq sign MOU

NOVA SCOTIA – Atlantic Gold NL, with head offices in Australia, and its subsidiary DDV Gold have concluded a memorandum of understanding with the Assembly of Nova Scotia Mi'kmaq Chiefs. The MOU precedes negotiation of a mutual benefits...

Canadian Mining Journal Staff | May 26, 2014 | 4:14 pm

ADDITIVE: Trinity offers new additive for plastic film industry

NEWFOUNDLAND - Trinity Resources has introduced a new antiblock additive to the plastic film industry. Altiblock™ is produced from the company’s pyrophyllite deposit. This is a new, alternative product for plastic film...

Canadian Mining Journal Staff | May 26, 2014 | 4:11 pm

Bond deal lets Inca One ramp up in Peru

VANCOUVER – A creative debt package is giving Inca One Resources (TSXV: IO) the $5.5 million it needs to expand Chala, the gold mill in Peru where the company processes ore from artisanal miners.

Canadian Mining Journal Staff | May 26, 2014 | 4:10 pm

IN THE COURTS: Suit seeks $6B from Barrick for Pascua-Lama misrepresentation

TORONTO – A class action suit demanding $6 billion in damages has been filed against Barrick Gold and its executives. The suit alleges that the company and employees misled investors about the economic and environmental risks of the...

Canadian Mining Journal Staff | May 22, 2014 | 3:43 pm

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