Canadian Mining Journal Staff, Author at Canadian Mining Journal

ZINC-COAL: Tough Q1 forces Teck to lay off 600

VANCOUVER – Teck Resources reported a first quarter adjusted profit of $105 million this year, compared to $328 million in 2013. The downturn occurred in the face of weak base metal and coal prices, compared to a year earlier. Now the...

Canadian Mining Journal Staff | April 23, 2014 | 3:47 pm

GOLD: Lexam hopes to develop open pits at historic producers

ONTARIO – Toronto-based Lexam VG Gold has the results of a preliminary economic assessment based on developing open pits to recover gold from four former producers – Buffalo Ankerite, Davidson Tisdale, Fuller and Paymaster –...

Canadian Mining Journal Staff | April 23, 2014 | 3:44 pm

TAKEOVER: Goldcorp’s offer for Osisko expires

VANCOUVER – Goldcorp says that the minimum tender offer for its takeover of Osisko Mining Corp. was not met by 11:59 pm EDT on April 22, 2014. Therefore, the offer was allowed to expire and Goldcorp did not take up any of the Osisko...

Canadian Mining Journal Staff | April 23, 2014 | 3:42 pm

PUMPS: KSB targets energy savings with two new products

MISSISSAUGA, Ontario - KSB Pumps has introduced two innovative new product families aimed at helping pump owners reduce their energy bills.

Canadian Mining Journal Staff | April 23, 2014 | 3:41 pm

Sandstorm axes diversified metals and energy arm

VANCOUVER — According to Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) president and CEO Nolan Watson, the calls from shareholders requesting he "clean up" sister company Sandstorm Metals & Energy (TSXV: SND; US-OTC: STTYF) had been...

Canadian Mining Journal Staff | April 23, 2014 | 3:40 pm

NICKEL-IRON: First Point test markets Decar concentrates

BRITISH COLUMBIA – The results of the first market test of awaruite (nickel-iron alloy) concentrates from the Decar project are positive, says First Point Minerals Corp of Vancouver. The project, located 80 km north of Fort St James, is...

Canadian Mining Journal Staff | April 22, 2014 | 4:37 pm

LITHIUM: Concentrator restarts as weather warms

QUEBEC – RB Energy (formerly Canada Lithium) of Vancouver says it has restarted the concentrator at its Quebec lithium mine 60 km north of Val d'Or. This winter's unusually long and cold conditions forced a suspension of milling activity...

Canadian Mining Journal Staff | April 22, 2014 | 4:33 pm

GOLD: More tests boost recovery for Sabina’s Back River project

NUNAVUT – Continued bench scale metallurgical tests on material from the Back River gold project have boosted gold recovery to 93.9% from 88.0%. The advanced exploration project is located in the West Kitikmeot region and owned by Sabina...

Canadian Mining Journal Staff | April 22, 2014 | 4:31 pm

COPPER: Amerigo/Codelco extend tailings processing arrangement

CHILE – Amerigo Resources of Vancouver and Codelco, Chile's large state-owned copper producer, have signed an agreement extending Amerigo's right to reprocess tailings from the El Teniente operation to 2037.

Canadian Mining Journal Staff | April 22, 2014 | 4:30 pm

CONVEYOR: Grieve offers heated belt conveyor

The Grieve Corporation's No. 864 is a 175°C, natural gas-heated belt conveyor oven currently used for drying gold ore samples at the customer’s facility. Workspace dimensions of this oven measure 1,980-mm wide by 10.7-metres long. The...

Canadian Mining Journal Staff | April 22, 2014 | 4:29 pm

Goldcorp to end its fight for Osisko

Goldcorp (TSX: G; NYSE: GG) is bowing out of the race for Osisko Mining (TSX: OSK; US-OTC: OSKFF) by announcing it won’t amend its $3.6-billion hostile takeover offer for the junior producer and its large Canadian Malartic gold mine in...

Canadian Mining Journal Staff | April 22, 2014 | 4:27 pm

COMMENT: Rumours of Barrick-Newmont merger

One of the worst kept secrets in the mining industry is the talk of a merger between Canada's Barrick Gold and Newmont Mining of the United States. Multiple reports have surface that the talks between two of the world's largest gold producers...

Canadian Mining Journal Staff | April 21, 2014 | 4:09 pm

COAL: Ontario’s last coal-fired generating station closes

ONTARIO – When the Liberals came to power in Ontario in 2003, one of the first things then-premier Dalton McGuinty promised to do was to ban the burning of coal for power generation by 2007. That deadline came and went, but last week the...

Canadian Mining Journal Staff | April 21, 2014 | 4:08 pm

PATENTS: KWG to acquire 50% of two chrome processes

TORONTO – KWG Resources has entered into an agreement to acquire 50% of two US provisional patent applications for the treatment of chromite ores. One relates to the production of chromium-iron alloys directly from chromite ore and the...

Canadian Mining Journal Staff | April 21, 2014 | 4:07 pm

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