Canadian Mining Journal Staff, Author at Canadian Mining Journal

FINANCE: Barrick Gold completes sales of $3-B securities

TORONTO – Just three days after they were offered, the sale of $3 billion (all US dollars) worth of debt securities offered by Barrick Gold has been completed. The securities included $650 million of 2.50% notes due in 2018, $1.5 billion...

Canadian Mining Journal Staff | May 2, 2013 | 4:21 pm

MERGER: GlencoreXstrata new name in minerals

SWITZERLAND – The US$30-billion, all-share takeover of Xstrata plc by Glencore International is compete, and the company businesses will go forward under the GlencoreXstrata plc banner. The merger was a year in the making as so many...

Canadian Mining Journal Staff | May 2, 2013 | 4:20 pm

COBALT: Formation stalls Idaho project

IDAHO – Formation Metals of Vancouver will not be proceeding at this time with the underground development of its Idaho cobalt project 40 km west of Salmon. Weak cobalt prices and turbulent financial markets over the past year were blamed...

Canadian Mining Journal Staff | May 2, 2013 | 4:18 pm

MINING PEOPLE: Alderon, Canstar, Kincora, and Premier Gold

Vancouver-based Alderon Iron Ore Corp. has named Brian Penney its new COO. He has extensive knowledge about the deposits of the Labrador Trough thanks to his many years with Iron Ore Company of Canada. He was most recently president and CEO of...

Canadian Mining Journal Staff | May 2, 2013 | 4:15 pm

South Africa searches for balance in mineral development

VANCOUVER — It has been a tumultuous year for the mining industry in South Africa, as volatile platinum markets and sociopolitical turmoil highlight the question of just what the nation's government can do going forward to balance the...

Canadian Mining Journal Staff | May 2, 2013 | 4:13 pm

AWARD: Nemaska Lithium wins technology prize

QUEBEC CITY – Nemaska Lithium has won first place in the Strategic Investment category at the sixth Gala des societies en Bourse 2013 held last month. The award recognizes the importance of investments in infrastructure, R&D or...

Canadian Mining Journal Staff | May 1, 2013 | 4:10 pm

GOLD: Tests of Lamaque sample recovery 98% of gold

QUEBEC – Integra Gold Corp. of Vancouver says phase one metallurgical tests of samples from the North Cluster at its Lamaque project in Val d'Or achieved gold recoveries of 98%. Samples from the South Cluster yielded 92% recovery.

Canadian Mining Journal Staff | May 1, 2013 | 4:08 pm

GOLD: Newman Todd offers high grades at shallow depths

ONTARIO – The latest results from drill holes at the Newman Todd gold project in the Red Lake mining district has Confederation Minerals of Vancouver thinking of continuity along strike and down dip. A 7-metre wide intersection that...

Canadian Mining Journal Staff | May 1, 2013 | 4:06 pm

SCANNER: Neptec’s 3-D laser penetrates dust and more

OTTAWA – Neptec Technologies Corp., a spin-out of Neptec Design Group, an award winning space flight technology company and NASA Prime Contractor, is introducing its new OPAL-360 series of obscurant-penetrating 3-D laser scanners at the...

Canadian Mining Journal Staff | May 1, 2013 | 4:04 pm

Commentary: Legal warning signals from the HD Mining case

The following article is reprinted with permission from CMJ’s sister publication The Northern Miner.

Canadian Mining Journal Staff | May 1, 2013 | 4:00 pm

BASE METALS: Buchans, Minco JV to combine business

WINDSOR, Nova Scotia – Buchans Minerals Corp. and Minco plc have entered into a binding agreement to combine their businesses to create a base metals and industrial minerals explorer with projects in eastern Canada. Minco had previously...

Canadian Mining Journal Staff | April 30, 2013 | 4:04 pm

BASE METALS: Virginia cuts best-ever grades at Lens 257

QUEBEC – Virginia Mines of Quebec City reports the best intersections to date from lens 257 at its Coulon zinc-copper-silver project extension near the Fontanges airport in the James Bay region.

Canadian Mining Journal Staff | April 30, 2013 | 4:02 pm

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