Canadian Mining Journal Staff, Author at Canadian Mining Journal

Silver Wheaton hangs tough amidst lower metal prices

VANCOUVER — Despite a pronounced fall in profits on the back of declining precious metals prices, streaming outfit Silver Wheaton (TSX: SLW; NYSE: SLW) remains a favourite amongst analysts and investors. The company recorded its fifth...

Canadian Mining Journal Staff | March 25, 2014 | 4:13 pm

DIAMONDS: Gahcho Ku on track for Q3 2016 start

NORTHWEST TERRITORIES – First production from the Gahcho Kué diamond mine 300 km northeast of Yellowknife is on track for Q3 2016 as construction reaches the 17% mark. The mine is a joint venture of De Beers Canada (51% and...

Canadian Mining Journal Staff | March 24, 2014 | 4:35 pm

GOLD: Sprite area at Valentine Lake returns 2.53 g/t over 16.5 metres for Marathon

NEWFOUNDLAND – Marathon Gold Corp. of Toronto continues to drill at its Valentine Lake gold project 55 km south of Buchans, this time in the Sprite area. The company is currently testing step-out holes along half of a 1-km by 250-metre...

Canadian Mining Journal Staff | March 24, 2014 | 4:28 pm

NICKEL: New ice breaker launched to transport concentrates from Nunavik mine

QUEBEC – FedNav has launched a new icebreaker, MV Nunavik, to carry nickel concentrates from the Nunavik mine now under development in the Raglan area of northern Quebec. The project is a joint venture of privately owned Neactic Nickel...

Canadian Mining Journal Staff | March 24, 2014 | 4:27 pm

STEEL: New plant to use nickel sulphide conc in making stainless steel

CHINA – Tsingshan Holding Group is building the world's first integrated nickel pig iron plant to use nickel sulphide concentrate as part of the stainless steelmaking process. According to information supplied by Toronto's Royal Nickel...

Canadian Mining Journal Staff | March 24, 2014 | 4:25 pm

Bank of America Merrill Lynch tweaks metal price forecasts

Bank of America Merrill Lynch has lowered its price forecasts for a number of commodities including copper and iron that are heavily imported by China but also believes gold could bottom out this year, while nickel and zinc may rally in the...

Canadian Mining Journal Staff | March 24, 2014 | 4:24 pm

MERGER: Enexco deals uranium, copper assets separately

VANCOUVER – International Enexco (IEC) has entered into two separate letters of intent to divest its uranium holdings and consolidate its copper assets.

Canadian Mining Journal Staff | March 20, 2014 | 4:15 pm

POTASH: Cerrado Verde resource nears 1.5B tonnes

BRAZIL – Verde Potash of Toronto has increased the measured and indicated resources at its Cerrado Verde project in the Minas Gerais state to 1.47 billion tonnes at a grade of 9.2% K2O, almost all of which was recently upgraded from...

Canadian Mining Journal Staff | March 20, 2014 | 4:14 pm

NRCan: New minister Rickford a Northern Ontario native

OTTAWA – The Hon. Greg Rickford was appointed federal minister of Natural Resources Canada this week. He replaces Joe Oliver who is taking over the finance portfolio upon the resignation of former Finance Minister Joe Flaherty.

Canadian Mining Journal Staff | March 20, 2014 | 4:12 pm

MINING PEOPLE: Advanced Explorations, Klondex, Manson Creek, Ontario Graphite, and Wolfe Mining

Eric Guo is taking over the role of CEO at Toronto-based Advanced Explorations. Former CEO John Gingerich will retain his titles as president and chairman.

Canadian Mining Journal Staff | March 20, 2014 | 4:09 pm

Peregrine has big plans for Chidliak

Canadian Mining Journal Staff | March 20, 2014 | 4:08 pm

IOCG: Potential new find in Labrador Trough

QUEBEC – The Labrador Trough is well known for its iron ore mines, but recent probing on the Sagar project by Honey Badger Exploration of Toronto may turn up a large iron oxide copper gold (IOCG) deposit. The company says the IOCG model...

Canadian Mining Journal Staff | March 19, 2014 | 4:18 pm

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