Canadian Mining Journal Staff

GOLD: Kaminak, White River sign exploration deal for Coffee project

YUKON – Kaminak Gold Corp. of Vancouver and the White River First Nation (WRFN) have signed an exploration agreement coving the company's Coffee gold project 130 km south of Dawson City. The agreement was negotiated over the past several...

Canadian Mining Journal Staff | June 19, 2014 | 4:06 pm

MINING PEOPLE: Ritchie Bros. and Solvista

The new CEO of Ritchie Brothers is Ravi Saligram. He will take over from Peter Blake on July 7, 2014. Saligram's 35-year professional career includes three years as president and CEO of OfficeMax and more than 20 years of general management...

Canadian Mining Journal Staff | June 19, 2014 | 4:04 pm

World Gold Council reviews London gold fix

VANCOUVER — The gold industry is responding to growing scrutiny over the century-old method that determines the settling price of gold bullion. On June 18 the World Gold Council – a market development organization composed of top...

Canadian Mining Journal Staff | June 19, 2014 | 4:02 pm

CSR: QMA becomes second provincial association to adopt Toward Sustainable Mining

MONTREAL – Members of the Quebec Mining Association are adopting the Towards Sustainable Mining (TSM) initiative over a four-year period. TSM, a program to improve environmental and social practices among Canadian miners, was launched by...

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

URANIUM: Phoenix deposit at Wheeler River tops 70M lb

SASKATCHEWAN – Denison Mines Corp. of Toronto has released the latest resource estimate for the Phoenix uranium deposit, one that puts total uranium oxide content at 70.2 million lb. The Phoenix deposit is part of the Wheeler River...

Canadian Mining Journal Staff | June 18, 2014 | 4:17 pm

GOLD: Anaconda intersects multiple zones at Pine Cove

NEWFOUNDLAND – Toronto-based Anaconda Mining says the single, strategically placed hole it drilled on the northern edge of the Pine Cove gold mine's pit limit returned multiple zones of mineralization. Hole PC-14-234 returned several...

Canadian Mining Journal Staff | June 18, 2014 | 4:13 pm

FUNDING: Alaska promises money to pair of Canadian mine makers

ALASKA – Alaska governor Sean Parnell signed into law State Bill 99 to fund development of a pair of new mines owned by Canadian companies in that state. The state uses funds from the Alaska Industrial Development and Export Authority to...

Canadian Mining Journal Staff | June 18, 2014 | 4:09 pm

SERVICE: Metso breaks ground for new Arizona facility

MESA, Arizona – Metso broke ground for its new, 4,090-m2 service facility earlier this week. This new facility will accommodate a wide variety of mining, construction and recycling services and advanced repairs, as well as direct on-site...

Canadian Mining Journal Staff | June 18, 2014 | 4:07 pm

First Quantum to buy Lumina for $470M

First Quantum Minerals (TSX:FM; LSE:FQM) has made a friendly $470 million takeover offer for Lumina Copper (TSXV: LCC), ending a sale process for the junior and its Taca Taca copper-gold-molybdenum project in Argentina’s Salta province.

Canadian Mining Journal Staff | June 18, 2014 | 4:03 pm

GOLD-COPPER: Seabridge, Nisga’a Nation ink benefits agreement for KSM

BRITISH COLUMBIA – As Seabridge Gold of Toronto prepares for a $15-million, 19,000-metre drilling program at the KSM project (see below), the company announced that it has signed a comprehensive benefits agreement with the Nisga'a Nation...

Canadian Mining Journal Staff | June 17, 2014 | 3:54 pm

COPPER-PGM: Wallbridge delivers first ore shipments from Broken Hammer mine

ONTARIO – Wallbridge Mining Company of Toronto has started shipping ore from its Broken Hammer copper-PGM mine near Sudbury to the Redstone mill operated by Northern Sun in Timmins. Processing of the material is to begin later this month.

Canadian Mining Journal Staff | June 17, 2014 | 3:52 pm

GOLD: Initial production from Santoy Gap ahead of schedule

SASKATCHEWAN – Claude Resources, based in Saskatoon, reports that initial ore production from the Santoy Gap deposit has occurred ahead of schedule. The deposit is part of the Seabee gold operation 125 km northeast of La Ronge.

Canadian Mining Journal Staff | June 17, 2014 | 3:51 pm

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