Cameco puts Millennium’s licensing application on ice
Poor economic conditions in world uranium markets are forcing Cameco Corp. (TSX: CCO; NYSE: CCJ) to put its Millennium uranium project on ice.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
FUNDING: RB Energy closes $22M bought deal for lithium project
QUEBEC - Vancouver-based RB Energy has closed a bought deal equity financing worth slightly more than $22 million. The net proceeds will be used complete commissioning of its Quebec lithium project and repay construction debts..
NICKEL: Inspiration to dewater former Langmuir mine
ONTARIO – Inspiration Mining Corp. of Toronto has decided to dewater the old ramp at the former Langmuir No.1 nickel mine 25 km southeast of Timmins. The property closed in 1992 when then-owner Timmins Nickel filed for bankruptcy. Before...
OIL SANDS: KSB to supply water transport pumps for Fort Hills project
ALBERTA – KSB Pumps is the winner of the contract to supply a dozen large capacity water transport pumps for the Fort Hills oil sands project. The $13.5 billion project 90 km north of Fort McMurray is a partnership of Suncor Energy, Teck...
LIGHT: NLT cordless cap lamp with tag wins MSHA approval
TORONTO – Northern Light Technologies is proud that its newest cap lamp, the Northern Light® Genesis, has received IS certification from MSHA for use in coal mines. This is yet another world first from NLT– an MSHA approved...
Are the clouds parting for junior miners?
Junior miner Novo Resources (CSE: NVO) checks all the boxes: It’s led by a well known, connected and respected geologist; it has several prospective gold projects (one of which has an inferred resource) in the low risk jurisdiction of...
FUNDING: Teck pie throw raises $777K for BC children’s hospital
VANCOUVER – Mining for Miracles, the British Columbia mining communities fund raising campaign for the BC Children's Hospital, raised more than $777,259 on May 15 at its signature event, the 2014 Teck Celebrity Pie Throw. Participants...
NICKEL-COPPER: Balmoral confirms high grades at Grasset
QUEBEC – Drilling conducted by Balmoral Resources of Vancouver at its Grasset nickel-copper-PGM project in the Matagami region confirms the high grades of mineralization on the property. The net textured zone, one of four mineralized...
DIAMOND: Dominion reports record quarter
NORTHWEST TERRITORIES – Dominion Diamond Crop. of Toronto reports that rough diamond production, sales and pricing have all exceeded targets for the first quarter of fiscal 2015 (February through April). That puts the company about 24% or...
GOLD: True Gold orders Komatsu pit equipment for Karma project
BURKINA FASO – Vancouver-based True Gold Mining is buying Komatsu fleet equipment for its Karma gold project in west Africa. A letter of intent has been signed with local Komatsu dealer, Equipment and Services BIA.
GOLD-COPPER: Siemens to supply electric gear for Casino project
OAKVILLE, Ontario – Siemens Canada and Western Copper and Gold are in negotiations for the purpose of developing a concept for integrated electrical mining equipment from Siemens for the Casino copper-gold mine project in the Yukon. This...
Fewer dollars spent and earned in BC mining in 2013
VANCOUVER – In its 46th annual mining industry survey, PriceWaterhouseCoopers' Digging Deep: The Mining Industry in British Columbia in 2013 report reflected a difficult year for the sector across all commodities.
Mining sector urged to invest in skills development, says Multotec
The South African mining and minerals sector relies heavily on skilled engineers, geologists, metallurgists and technical staff to operate efficiently, innovate and […]