Canadian Mining Journal Staff, Author at Canadian Mining Journal

PHOSPHATE: MBAC injecting up to $51.7M in Brazilian mine

BRAZIL – MBAC Fertilizer Corp. of Toronto has raised gross proceeds of $51.7 million in a bought deal private placement, including a partial exercise of the underwriters 'option. The company issued approximately 23.48 million shares at a...

Canadian Mining Journal Staff | April 16, 2013 | 4:42 pm

Falco finds gold in Horne’s old data

Falco Pacific Resource Group (FPC-V) secured a jewel of Canada’s mining history just as markets tightened. But rather than let the conditions get it down, the company wound up proving an old adage correct: necessity is indeed the mother...

Canadian Mining Journal Staff | April 16, 2013 | 4:37 pm

COMMENT: Gold needs a parachute

Nothing good has happened to gold in the last week. Its price seems to be headed for the depths – freefalling $1,000 in the first three months of this year, diving another $500 from April 2 through 12, then flirting with $1,400 at market...

Canadian Mining Journal Staff | April 15, 2013 | 4:23 pm

PHOSPHATE: Arianne steps up training for Lac a Paul workers

QUEBEC – Arianne Resources of Chicoutimi, QC, is partnering with the Commission scolaire du Pays-des-Bleuets, through its vocational centres, and the Pekuakamiulnuatsh Takuhikan Education and Labour Department to create training services...

Canadian Mining Journal Staff | April 15, 2013 | 4:19 pm

HOISTS: ABB to build world’s largest for Jansen potash project

SASKATCHEWAN - ABB, with Canadian headquarters in St-Laurent, QC, has been selected by Australia-headquartered BHP Billiton to supply mine hoisting systems for the Jansen potash project, located 130 km east of Saskatoon.

Canadian Mining Journal Staff | April 15, 2013 | 4:17 pm

B2Gold hits gold in new zone at developing Otjikoto mine

VANCOUVER – With its list of gold mines having just climbed from two to three following the takeover of CGA Mining and with a fourth mine under construction, B2Gold (BTO-T) expects to be churning out more than half a million ounces of...

Canadian Mining Journal Staff | April 15, 2013 | 4:15 pm

GOLD-SILVER: Rainy River ready to proceed

ONTARIO – A positive feasibility study for the Rainy River gold-silver project 80 km south of Kenora has owner Rainy River Resources of Toronto eager to proceed. The proven and probable reserves host 4.0 million oz of gold and 10.3...

Canadian Mining Journal Staff | April 11, 2013 | 4:09 pm

DIAMONDS: Stornoway pleased with valuation of Renard sample

QUEBEC – Stornoway Diamond Corp. of Montreal is pleased with the latest valuation of a bulk sample from its Renard diamond project in the Otish Mountains. An independent valuation using March 2013 prices revealed an average price of...

Canadian Mining Journal Staff | April 11, 2013 | 4:08 pm

MINING PEOPLE: New Millennium, Nickel Institute, Probe Mines, Romios Gold, and White Tiger

New Millennium Iron Corp. of Calgary has named Gino Levesque as senior VP of projects and logistics. He has been VP and general manager at Wabush mine and VP for eastern Canada Iron Ore for Cliffs Natural Resources. He holds a bachelor in...

Canadian Mining Journal Staff | April 11, 2013 | 4:05 pm

AWARD: Northern Light named one of Canada’s best managed companies

TORONTO - Northern Light Technologies (NLT), a division of Levitt-Safety, has been named as a winner in Canada’s 50 Best Managed Companies Program. Sponsored by Deloitte, CIBC and The National Post, the program identifies Canadian...

Canadian Mining Journal Staff | April 11, 2013 | 4:04 pm

Hanlong reneges on Sundance deal

VANCOUVER –Mining companies and resource investors are going to have a tough time believing Hanlong Group if it tables another takeover offer. Twice the huge Chinese energy and resource company has offered to take over junior miners but...

Canadian Mining Journal Staff | April 11, 2013 | 4:00 pm

GOLD: Chilean court halts work at Pascua-Lama

CHILE – Construction of the Chilean portion of the Pascua-Lama gold mine has been suspended following an injunction issued by a Chilean court of appeals. Toronto-based owner Barrick Gold Corp. said in a tersely worded statement that it...

Canadian Mining Journal Staff | April 10, 2013 | 4:27 pm

TAXES: Opposition grows to increases in Quebec mining royalties

QUEBEC – A public petition circulated by the Quebec Mining Association calling on the Quebec government to review its plan to change the mining tax regime in the province has been signed by over 10,000 people.

Canadian Mining Journal Staff | April 10, 2013 | 4:26 pm

GOLD-COPPER: Excellent metallurgical results from Seel deposit

BRITISH COLUMBIA – Gold Reach Resources of Vancouver is pleased with the results of metallurgical tests conducted on samples from the Seel gold-copper-molybdenum deposit at its Oosta property near Smithers.

Canadian Mining Journal Staff | April 10, 2013 | 4:24 pm

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