Rio Tinto to stay in the diamond business
Rio Tinto (RIO-N, RIO-L) has decided to hang onto its diamond assets after all, concluding a strategic review of the business that the miner began in March 2012.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
COMMENT: Tough times have miners shedding jobs
These are tough times for miners. The effects are being felt on many fronts. Commodity prices are softening for metals, coal, potash and more. Junior miners have been having an increasingly difficult time raising exploration money. And now...
GOLD: Nod given to milling McGarry ore at Aurbel
QUEBEC – The Quebec authorities have given the nod to milling gold ore from the McGarry mine 40 km east of Kirkland Lake, ON, at the Aurbel mill belonging to QMX Gold Corp. of Toronto. The mill is adjacent to QMX's Lac Herbin mine 10 km...
GOLD: Rubicon reports positive PEA, doubled resources
ONTARIO – Toronto-based Rubicon Minerals Corp. must be pleased with the new preliminary economic assessment for its F2 gold system that buoys an after tax internal rate of return at 27.0% and a 5% discounted after tax net present value of...
BRIGHT IDEA: New LED flood light for mining from Hella
PEACHTREE CITY, Georgia – Hella Inc. has introduced the first LED floodlight designed specifically for the mining industry. Based on a proven expertise and success in developing advanced LED lighting technology, the new HELLA HypaLUME LED...
Lake Shore soars 56% on expected strong Q2
Lake Shore Gold (LSG-T, LSG-X), one of the weakest performers on the Toronto stock exchange last week losing over 45%, soared 56% when the company said it expects strong production and lower costs in the second quarter.
COMMENT: Back to work
Having taken a couple weeks off to move, I am slowly getting settled into the new place. For any readers who might wish to contact me, I am now at 1128A Klondike Road, Kanata, ON K2K 0H2, and the phone number is 613-270-0213. The email address...
SILVER: Huldra advances mill maintenance
BRITISH COLUMBIA – Huldra Silver of Vancouver temporarily suspended milling at its operations in Merritt a few days before a planned maintenance period was to start. The cost saving procedures included the layoff of certain construction...
IRON ORE: Maiden estimate puts Elizabeth resource at 620 million tonnes
LABRADOR – Labrador Iron Mines Holdings of Toronto has released the maiden resource estimate for its Elizabeth taconite project: 620 inferred tonnes at 31.8% Fe, and, says the company, the property has exploration potential for another...
COPPER-GOLD: Rambler drills 13+% Cu at Ming mine
NEWFOUNDLAND – Rambler Metals and Mining plc has cut 13.18% Cu, 4.58 g/t Au and 31.73 g/t Ag over 5.8 metres at its Ming copper-gold mine at Baie Verte. Since a breakthrough of the main 1807 ramp system at the end of February 2013, the...
Canadian Zinc two permits closer to production
Canadian Zinc (CZN-T) continues to progress down the road to production at its Prairie Creek mine in the Northwest Territories.
Creation of the Sodmex Dveloppement fund – The Caisse invests $250 million in Qubec’s natural resources sector
MONTREAL - The Caisse de dépôt et placement du Québec announced the creation of Sodémex Développement, a $250-million fund. This new fund, to which the Caisse has been committed since November 2012, will...
Kenorland reports major gold resource at Frotet, backs 4% royalty
Kenorland Minerals (TSXV: KLD; US-OTCQX: KLDCF) unveiled an inaugural inferred mineral resource for the Regnault gold deposit at the Frotet project in […]