Cameco gets access to Russian warheads
It took longer than expected but Cameco has cleared all the regulatory hurdles and has closed its acquisition of nuclear fuels trader NUKEM Energy GmbH (NUKEM).
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
BASE METALS: Hudbay plans $1.24B capex in 2013
TORONTO – Hudbay Minerals has taken a look into the future and decided that 2013 will be an even better year than 2012. Zinc in concentrate output is expected to be 85,000 to 100,000 tonnes, up from 80,866 this year. Gold and silver...
GOLD: Mining permit issued for Richmont’s Monique project
QUEBEC – Richmont Mines of Montreal has received the mining permit for its 100% owned Monique gold project in Val d'Or. Overburden removal will begin shortly to facilitate mining a 5,000-tonne bulk sample that will be treated at the...
IRON ORE: Feasibility unearths $3.2B NPV and 29.3% IRR for Kami
LABRADOR – The feasibility study for Vancouver-based Alderon Iron Ore Corp.'s Kamistiatusset (Kami) iron ore property near Wabush puts the net present value of the project at $3.244 million (8% discount) and the internal rate of return at...
GOLD: New 43-101 ups ounces for Freegold Mountain
YUKON – Northern Freegold Resources of Vancouver has updated the 43-101 report for its Freegold Mountain project 70 km from Carmacks and reported a 19% increase in grade for the Nucleus deposit. Using a pit optimized plan at a 0.25 g/t...
Barrick fails to sell African assets to CNG
Barrick Gold has ended talks with China National Gold regarding the potential sale of its 74% interest in African Barrick Gold, putting off hopes that the major could distance itself from its underperforming projects in Tanzania.
GOLD: Goldcorp production to grow 70% by 2017
TORONTO – The good news just keeps coming from Goldcorp. Not only did the company meet its 2012 production target of 2.39 million oz, but output is expected to rise 70% to between 4.0 million and 4.2 million oz by 2017.
GOLD: Foundation, Wahgoshig First Nation amend Kerrs agreement
ONTARIO – Foundation Resources of Vancouver and the Wahgoshig First Nation have amended the memorandum of understanding with Sheltered Oak Resources covering solely the Kerrs gold property in the township of the same name. The changes...
GOLD: Fire River cuts bonanza 219.1 g/t at Nixon Fork mine
ALASKA – Under diamond drilling at the Nixon Fork gold project in the Tintina Gold Belt has returned assays as high as 219.1 g/t Au over 3.34 metres for owner Fire River Gold of Vancouver. The drilling was undertaken as part of a program...
Western Copper jumps on Casino feasibility study
VANCOUVER – For resource companies, it can be hard to keep investors interested during the lull between discovery and development. During those years the story shifts from exciting exploration results to endless studies of metallurgy,...
COPPER-GOLD: Thumbs up for Casino feasibility
YUKON – Vancouver-based Western Copper and Gold Corp. is pleased with the positive feasibility study conducted on its wholly owned Casino copper-gold-molybdenum deposit 300 km northwest of Whitehorse. The study recommends an open pit mine...
COMMENT: Miles to go before digging starts in Ring of Fire
It may be a cliché, but over the past six months, how things have changed and how they’ve stayed the same in the Ring of Fire. There may be some ongoing activity or discussions behind the scenes, but without a doubt, the declining...
COPPER-GOLD: More discoveries possible at Mount Polley
BRITISH COLUMBIA – Imperial Metals Corp. of Vancouver says the Boundary zone at the Mount Polley copper-gold mine continues to demonstrate discovery potential. Underground drilling from three drill station on the 812 level intersected...
URANIUM: $5.5M drilling program planned at Waterbury Lake
SASKATCHEWAN – The winter drilling program at the Waterbury Lake uranium property in the eastern part of the Athabasca Basin will total 21,000 metres in 60 holes at a cost of $5.5 million, according to the project operator Fission Energy...
Namibia diamond mine revival draws $50M investment
Kenzoll Capital and MSF Commercials plan to revive Elizabeth Bay as Namibia grapples with a sharp diamond export slump.