Canadian Mining Journal Staff

GOLD EXPLORATION: QMX reports results from Birch zone at Snow Lake

MANITOBA – QMX Gold Corp. (formerly Alexis Minerals) of Toronto has successfully completed a 7,194-metre surface drilling program in the Birch zone at the Snow Lake mine near the town of the same name. The most promising assay was 5.35...

Canadian Mining Journal Staff | July 23, 2012 | 4:57 pm

MINING PEOPLE IN THE NEWS: Fire River Gold, Great Panther Silver, Mancusani Yellowcake, and NuLegacy Gold

Blane Wilson is the new president and CEO of Vancouver-based Fire River Gold Corp. He has over 25 years experience in the industry, having worked for several North American and international mineral producers.

Canadian Mining Journal Staff | July 23, 2012 | 4:56 pm

Tough conditions for rough diamonds

Anglo American reported diamond production fell in the second quarter ended June 30 by 11% to 7.2 million ct largely due to market conditions and a focus on planned maintenance and waste stripping while De Beers, in which Anglo American...

Canadian Mining Journal Staff | July 23, 2012 | 4:55 pm

GOLD MINING: Kirkland Lake raises $57.5M for expansion

ONTARIO – Kirkland Lake Gold (KL Gold) has closed a private placement of 6% convertible unsecured subordinated debentures worth $57.5 million. The amount includes the overallotment taken up by the underwriters. The money will be used to...

Canadian Mining Journal Staff | July 19, 2012 | 5:00 pm

MAGNESIUM STUDY: PFS for Wynward recovery is positive

SASKATCHEWAN – The preliminary feasibility study for the production of magnesium compounds at the proposed Wynward potash mine near the town of the same name is positive. Owner Karnalyte Resources of Calgary says that if the plant is...

Canadian Mining Journal Staff | July 19, 2012 | 4:59 pm

GOLD EXPLORATION: Integra drills 945 g/t at Lamaque

QUEBEC – Vancouver-based Integra Gold Corp. has drilled the highest grade intersections ever reported at the No.4 plug on its Lamaque advanced exploration gold project in Val d’Or. The highest grade was 945.00 g/t Au over 1.0 metre...

Canadian Mining Journal Staff | July 19, 2012 | 4:58 pm

Russian billionaire aims for full control of High River Gold

VANCOUVER — In a story that reads somewhat like a 1980s spy novel, Russian gold miner Nord Gold, the nation’s third largest gold producer, looks poised to finally gain full control of Toronto-based producer High River Gold Mines.

Canadian Mining Journal Staff | July 19, 2012 | 4:57 pm

Cameco “powers on” to the future

Cameco Corporation and uranium are both rare and valuable assets to the Canadian economy. In fact, the Saskatoon-based company and its Athabasca Basin deposits in Saskatchewan are more than rare and valuable; they’re almost national...

Canadian Mining Journal Staff | July 19, 2012 | 11:37 am

TRANSPORTATION: Port of Sept Iles signs up mining companies

QUEBEC – The Sept Iles Port Authority has signed agreements with three more mineral producers for shipping their ores and concentrates through its facilities at Pointe Noire. The port is being expanded at a cost of $220 million, and will...

Canadian Mining Journal Staff | July 18, 2012 | 5:00 pm

MINERAL PROCESSING: Nemaska chooses Valleyfield as site of lithium hydroxide plant

QUEBEC – Based in Quebec city, Nemaska Lithium has selected a site in the town of Valleyfield for its new lithium hydroxide/carbonate plant. The company has purchased a site located in the Perron Industrial and Harbourfront Park in...

Canadian Mining Journal Staff | July 18, 2012 | 4:59 pm

ENVIRONMENT: Oceanic’s Hopes Advance to be reviewed under new guidelines

VANCOUVER – Oceanic Iron Ore Corp. has been advised by the Canadian Environmental Assessment Agency that the company’s Hopes Advance iron project will be reviewed under the new guidelines in accordance with the Canadian...

Canadian Mining Journal Staff | July 18, 2012 | 4:58 pm

Paladin Energy turns the corner

Despite two months of unplanned shutdowns to upgrade the plant and complete remediation work due to land movement at its Kayelekera open pit uranium mine in Malawi, Paladin Energy still managed to increase production there by 14% in the fiscal...

Canadian Mining Journal Staff | July 18, 2012 | 4:57 pm

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