Canadian Mining Journal Staff, Author at Canadian Mining Journal

Yamana aims to unlock value by drilling in core assets

VANCOUVER — Producer Yamana Gold (TSX: YRI; NYSE: AUY) has determined the best return on its exploration capital will be realized through brownfield initiatives at its existing operations. The company is in the midst of a $75 million...

Canadian Mining Journal Staff | October 8, 2014 | 3:50 pm

COPPER: Lundin to buy Freeport’s interest in Candelaria complex

CHILE – Lundin Mining Corp. of Toronto has agreed to purchase Freeport-McMoRan's 80% share of the Candelaria-Ojos del Salado copper mining operation for US$1.8 billion. The operation includes an open pit, an underground mine, and a...

Canadian Mining Journal Staff | October 7, 2014 | 4:29 pm

ZINC-LEAD: Work goes underground at Prairie Creek

NORTHWEST TERRITORIES – Vancouver-based Canadian Zinc Corp. has initiated underground mine rehabilitation at its Prairie Creek zinc-lead-silver mine 200 km west of Fort Simpson. Procon Mining and Tunneling will undertake rehabilitation,...

Canadian Mining Journal Staff | October 7, 2014 | 4:27 pm

COAL: Cardinal River earns TSM leadership award

HINTON, Alberta – Teck Resource's Cardinal River coal operation has earned a special TSM Leadership Award. The Mining Association of Canada's Towards Sustainable Mining program encourages environmental stewardship, excellent community...

Canadian Mining Journal Staff | October 7, 2014 | 4:24 pm

CONTRACT: Fort Hills oil sands contract is worth $1.3 billion

CALGARY, Alberta – A $1.3-billion engineering, procurement, fabrication and construction contract has been awarded to Fluor Corp. by Fort Hills Energy for the utilities scope of its Fort Hills oil sands mining project. The project is...

Canadian Mining Journal Staff | October 7, 2014 | 4:21 pm

GENERATOR: Alphabet Energy introduces powerful thermoelectric model

HAYWARD, California – Alphabet Energy is selling the world’s most powerful thermoelectric generator that which captures exhaust heat and converts it into electricity.

Canadian Mining Journal Staff | October 7, 2014 | 4:20 pm

Roxgold secures financing for Yaramoko

Roxgold (TSXV: ROG) has significantly de-risked its Yaramoko project this week with a US$75 million debt financing package from several European banks and a US$15 million equity investment from its underground mining contractor in Africa that...

Canadian Mining Journal Staff | October 7, 2014 | 4:15 pm

NIOBIUM: IamGold selling Niobec to consortium headed by former Barrick CEO

TORONTO – IamGold Corp. is going back to being a pure gold play with the sale of its Niobec niobium mine and mill to a consortium headed by Aaron Regent. The mine, located in Saint Honore de Chicoutimi, QC, is one of only three primary...

Canadian Mining Journal Staff | October 6, 2014 | 3:47 pm

DIAMONDS: Sample from Kelvin grades 1.79 ct per tonne for Kennady

NORTHWEST TERRITORIES – Kennady Diamonds of Toronto has received diamond recovery results from a 25-tonne mini-bulk sample take at the Kelvin kimberlite. The total sample graded 1.79 carats per tonne.

Canadian Mining Journal Staff | October 6, 2014 | 3:46 pm

URANIUM: Fission hits 35% U3O8 over 16.5 metres on line 835E

SASKATCHEWAN – Fission Uranium Corp. of Kelowna, BC, says all 29 holes drilled in the R780E zone at the Patterson Lake South project returned strong to moderate mineralization at shallow depth. And then there was hole PLS14-248 on line...

Canadian Mining Journal Staff | October 6, 2014 | 3:44 pm

GOLD: Rockhaven drill 40+ g/t equivalent at Klaza property

YUKON – Vancouver-based Rockhaven Resources reports drilling 40.92 g/t AuEq over 1.01 metres at its Klaza gold project 50 km west of Carmacks. The intersection in hole 172 assayed 27.80 g/t Au and 656 g/t Ag.

Canadian Mining Journal Staff | October 6, 2014 | 3:43 pm

GOLD: Appalaches puts Dufferin mine on care and maintenance

NOVA SCOTIA – It seems no sooner was the first gold poured than owner Ressources Appalaches placed its Dufferin gold mine on temporary care and maintenance. The mine, near Port Dufferin, poured its first gold on July 10, 2014, and on Oct....

Canadian Mining Journal Staff | October 6, 2014 | 3:42 pm

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