Canadian Mining Journal Staff

NEW NAME: Arctos Anthracite project new name for Mount Klappan

BRITISH COLUMBIA – Fortune Minerals of London, ON, has announced that the new name for the Mount Klappan metallurgical coal project is the “Arctos Anthracite project”. Fortune says the new name more accurately reflects the...

Canadian Mining Journal Staff | August 21, 2012 | 4:58 pm

GOLD EXPLORATION: Rackla drilling returns good grades from Carlin-style mineralization

YUKON – ATAC Resources of Vancouver continues to drill good grades at its Rackla gold project 55 km northeast of Keno City. Work has been focused on the Conrad and Isis East zones in the Nadaleen trend at the eastern end of the property.

Canadian Mining Journal Staff | August 21, 2012 | 4:57 pm

U.S. markets up for sixth consecutive week, Aug. 13-17

The Dow Jones Industrial Average and the S&P 500 posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supported the European Central Bank’s efforts to fight debt, and...

Canadian Mining Journal Staff | August 21, 2012 | 4:56 pm

PERSPECTIVE: The good news from last week

As August slides toward its end and summer evenings being to cool, along comes a week such as the last one wherein news from the mining sector seems to be front and centre everywhere. Barrick Gold has announced its intention to sell its 74%...

Canadian Mining Journal Staff | August 20, 2012 | 5:00 pm

DIAMOND MINING: Diavik life-of-mine plan updated

NORTHWEST TERRITORIES – The plans for the Diavik diamond mine near Lac de Gras are available, including anticipated annual production by pipe, operating costs and capital costs through 2023. The mine is a joint venture of Rio Tinto (60%)...

Canadian Mining Journal Staff | August 20, 2012 | 4:58 pm

COPPER DEVELOPMENT: Franco-Nevada, Inmet set up precious metals stream for Cobre Panama

PANAMA – Franco-Nevada Corp. and Inmet Mining, both of Toronto, have agreed to terms for a precious metals stream on the Cobre Panama copper project. The project is a joint venture of Inmet (80%) and Korea Panama Mining (20%).

Canadian Mining Journal Staff | August 20, 2012 | 4:57 pm

IRON ORE EXPLORATION: Permit approved to dewater old Griffith pit

ONTARIO – Northern Iron Corp. of Vancouver has received a permit allowing it to dewater the North pit at the former Griffith iron ore mine to a maximum depth of 25 metres. That will allow the company to conduct exploration drilling from...

Canadian Mining Journal Staff | August 20, 2012 | 4:56 pm

Barrick looks to sell its African assets

Barrick Gold’s new CEO Jamie Sokalsky has gotten straight down to business to help boost the company’s stagnating share price through a possible sale of its African unit.

Canadian Mining Journal Staff | August 20, 2012 | 4:55 pm

PERSPECTIVE: Time to shun conflict minerals?

CMJ readers are familiar with the terms “conflict diamonds” or “blood diamonds”. The proceeds from the sales of such gems is used to prop up rebel forces and dictators abusive of human rights, particularly in Africa....

Canadian Mining Journal Staff | August 16, 2012 | 5:00 pm

VMS EXPLORATION: MacDonald Mines make new discovery in Ring of Fire

ONTARIO – Toronto-based MacDonald Mines Exploration has drilled zinc rich massive sulphide mineralization at its Butler property 50 km southwest of Webequie and 35 km from the Big Daddy chromite deposit in the James Bay Lowlands. The...

Canadian Mining Journal Staff | August 16, 2012 | 4:59 pm

TRUCKS AND SHOVELS: See four new vehicles from Liebherr

LAS VEGAS – Liebherr will introduce two diesel-electric haul trucks at MineExpo in September: the new T 284 as the follow-up to the successful T 282 C in the 400 short-ton class, and the newly-designed T 264 set to catapult Liebherr into...

Canadian Mining Journal Staff | August 16, 2012 | 4:58 pm

Ooh la la: is Plan Nord becoming Plan Non?

In the world of mine development and its outsized scales of size, time and money, there’s always this thought in the back of the mind while listening to any promoter’s pitch: "Well, it may never happen."

Canadian Mining Journal Staff | August 16, 2012 | 4:57 pm

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