Canadian Mining Journal Staff, Author at Canadian Mining Journal

IRON ORE: Cliffs idles Wabush Mines amid capex cuts

CLEVELAND, Ohio – Cliffs Natural Resources is slashing its 2014 capital expenditure budget by more than 50%. This year it has a budget of between US$375 million and US$425, compared to the US$862 million it spent in 2013.

Canadian Mining Journal Staff | February 12, 2014 | 4:23 pm

Highland Copper builds ‘critical mass’ in Michigan with Copperwood

Just three months after Highland Copper (TSXV: HI) worked out a deal to buy the White Pine project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM), the Quebec-based company is back at it again – enlarging its...

Canadian Mining Journal Staff | February 12, 2014 | 4:21 pm

OPPORTUNITY: Equipment Maintenance & Repair coming soon

Canadian Mining Journal publisher, Robert Seagraves, is pleased to announce the introduction of a twice-yearly supplement, Equipment Maintenance & Repair (EM&R), to complement the 130+ year old CMJ publication.

Canadian Mining Journal Staff | February 11, 2014 | 4:20 pm

GOLD: Rubicon’s Phoenix on the rise

ONTARIO – Rubicon Minerals Corp. of Toronto has completed sinking the shaft at its Phoenix gold project near Red Lake. The shaft is 730 metres deep with a loading pocket on the 337 metre level. Two 10-tonne skips and two cages have been...

Canadian Mining Journal Staff | February 11, 2014 | 4:12 pm

SOCIAL RESPONSIBILITY: Athabasca, Wood Buffalo Metis strike accord

ALBERTA – Athabasca Minerals of Edmonton and the Wood Buffalo Metis Corp. have created a joint venture to explore, develop and market aggregates from within the boundaries of the Regional Municipality of Wood Buffalo.

Canadian Mining Journal Staff | February 11, 2014 | 4:11 pm

GOLD-COBALT: Fortune’s hydromet plant gets environmental okay

SASKATCHEWAN – Fortune Minerals of London, ON, has received environmental approval for its Saskatchewan metals processing plant (SMPP), the hydrometallurgical facility that will refine concentrates from the NICO gold-cobalt-bismuth-copper...

Canadian Mining Journal Staff | February 11, 2014 | 4:09 pm

Centerra steps closer to restructuring Kumtor’s ownership

Centerra Gold (TSX: CG) says Kyrgyzstan’s parliament has passed a resolution that appears to support the new ownership structure for the country’s largest gold mine, despite several “materially inconsistent”...

Canadian Mining Journal Staff | February 11, 2014 | 4:07 pm

TAKEOVER: Hudbay sets sights on Augusta’s Rosemont project

TORONTO – Hudbay Minerals has announced its intention to acquire all of the issued and outstanding common shares it does not already own of Vancouver's Augusta Resource Corp., a deal that values the smaller company at $540 million....

Canadian Mining Journal Staff | February 10, 2014 | 4:01 pm

URANIUM: Cameco counts $2.4B revenues for 2013

SASKATOON – Cameco Corp. has come to the end of 2013 having revenues for the year of $2.44 billion and a gross profit of $607 million. The numbers show a 29% and 12% increase, respectively.

Canadian Mining Journal Staff | February 10, 2014 | 4:00 pm

COPPER: Freeport-McMoRan output tops Codelco

PHOENIX, Arizona – According to a recent report in LatinoMineria (LatinoMineria.com), Freeport-McMoRan Mining is now the largest copper producer in the world, pushing Chile's Codelco into second place. The Spanish language publication...

Canadian Mining Journal Staff | February 10, 2014 | 3:59 pm

AWARD: Golder three-peats as Top 10 employer in Canada

CALGARY – Golder Associates is being honoured by the Financial Post and Mediacorp as one of Canada's 10 best companies to work for in 2014.

Canadian Mining Journal Staff | February 10, 2014 | 3:57 pm

CONVEYORS: Protect vertical belts from costly damage

CROSWELL, Michigan - Protect valuable conveyor belts from severe damage caused by belt misalignment, prevent costly downtime and increase production with Conveyor Components Company’s Model VA belt alignment control. Designed for use on...

Canadian Mining Journal Staff | February 10, 2014 | 3:52 pm

OSC review finds juniors struggling with disclosure

Ontario’s junior mining companies are struggling to meet disclosure requirements, a review by the Ontario Securities Commission (OSC) has found.

Canadian Mining Journal Staff | February 10, 2014 | 3:51 pm

MARKETS: Canadian mining equities drop 45%

TORONTO – Market capitalization in Canada's mining sector has decreased 45% over the course of 2013, according to the publication Canadian Mining Eye: Q4 2013 published by Ernst & Young (EY). In the fourth quarter alone the drop was...

Canadian Mining Journal Staff | February 6, 2014 | 4:22 pm

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