Canadian Mining Journal Staff, Author at Canadian Mining Journal

COMMENT: The Conservatives’ boring budget

On Tuesday afternoon federal Finance Minister Jim Flaherty delivered the latest budget from the ruling Conservative party, a budget that has earned the sobriquet "boring". There were no big new programs, no new tax relief measures for the young...

Canadian Mining Journal Staff | February 12, 2014 | 4:29 pm

GOLD: Richmont resources up, W Zone written down

MONTREAL – Richmont Mines has announced larger mineral reserve and resource estimates despite having to write down the W Zone mine. Total ounces in proven and probable reserves increased 3% year-over-year, in measured and indicated...

Canadian Mining Journal Staff | February 12, 2014 | 4:25 pm

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

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