Canadian Mining Journal Staff

Uranium stocks jump on Japanese nuclear restart news

With local politicians giving their blessing today, the long awaited restart of Japan’s nuclear reactors is set to begin in 2015 with two reactors at the Sendai nuclear plant.

Canadian Mining Journal Staff | November 10, 2014 | 3:54 pm

NICKEL: Sherritt wins sustainable business award for Ambatovy project

MADAGASCAR – Sherritt International Corp. of Toronto has won the Nedbank Capital Sustainable Business Award in the resources and non-renewable energy category for its biodiversity program at the Ambatovy nickel joint venture. The company...

Canadian Mining Journal Staff | November 6, 2014 | 4:10 pm

GOLD: Anaconda drills 18.6 g/t at Stog’er Tight

NEWFOUNDLAND – Toronto's Anaconda Mining has drilled 18.60 g/t Au over 3.5 metres and 4.94 g/t Au over 10.5 metres during infill drilling at its Stog'er-Tight project just 3 km east of the Pine Cove mill. The 2014 Stog'er Tight program...

Canadian Mining Journal Staff | November 6, 2014 | 4:07 pm

GOLD: Fortress raises $230M for Fruta del Norte

ECUADOR – Fortress Minerals Corp. of Vancouver has raised $230 million through private placements with which to finance the purchase and development of the Fruta del Norte gold project. The placements have an overallotment of another $20...

Canadian Mining Journal Staff | November 6, 2014 | 4:05 pm

MINING PEOPLE: Champion Iron, Denison, Energizer Resources, and North American Nickel

David Cataford has joined Champion Iron Limited of Montreal as the company's new VP engineering. He assumes responsibility for the Consolidated Fire Lake North feasibility study.

Canadian Mining Journal Staff | November 6, 2014 | 3:58 pm

AngloGold considers asset sales to strengthen balance sheet

VANCOUVER — Volatile gold markets have shifted the goal posts for miners, and South Africa's AngloGold Ashanti (NYSE: AU) has responded by streamlining operations and getting a better grasp on its balance sheet. The company has...

Canadian Mining Journal Staff | November 6, 2014 | 3:57 pm

GOLD: New Gold, Metis to sign deal covering Rainy River

ONTARIO – New Gold of Vancouver and the Metis Nation of Ontario have signed a participation agreement covering the development and operation of the Rainy River gold mine 160 km south of Kenora.

Canadian Mining Journal Staff | November 5, 2014 | 4:11 pm

GOLD: Gold Canyon completes Springpole environmental survey

ONTARIO – Gold Canyon Resources of Vancouver has completed three years of environmental studies regarding the aquatic habitat at its Springpole gold project 110 km northeast of Red Lake. No prohibitive issues were uncovered, said the...

Canadian Mining Journal Staff | November 5, 2014 | 4:09 pm

PLATINUM GROUP: Ivanhoe receives approval for Platreef mine

SOUTH AFRICA – The South African department of mineral resources has given the final approval to development of the Platreef platinum group project in the heart of the Bushveld Complex. The project lies 280 km northeast of Johannesburg...

Canadian Mining Journal Staff | November 5, 2014 | 4:08 pm

VALVES: KSB adds new line is ANSI/ASME compliant

MISSISSAUGA, Ontario – KSB Pumps has announced a new family of valves for power plants and similar applications that are designed and manufactured to comply with ANSI/ASME standards. The newly available valves, called SICCA and ZTS,...

Canadian Mining Journal Staff | November 5, 2014 | 4:06 pm

Burkina Faso political turmoil hits junior gold companies

VANCOUVER — Burkina Faso has rightfully earned its reputation as a relatively stable jurisdiction for mining companies, but social conditions in Africa can change quickly. On Oct. 31 former president Blaise Compaore stepped down after...

Canadian Mining Journal Staff | November 5, 2014 | 4:05 pm

GOLD: Barrick, China’s Zijin Pascua-Lama talks

TORONTO – According to comments made by an Argentine government official, Barrick Gold is in talks with China's Zijin Mining Group hoping to create a partnership and restart work at the Pascua-Lama gold project. Barrick halted work on the...

Canadian Mining Journal Staff | November 4, 2014 | 4:15 pm

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