Canadian Mining Journal Staff

RELOCATION: Stornoway to move head office to Montreal

QUEBEC – With commercial production from its Renard diamond project slated for the last half of 2015, Vancouver’s Stornoway Diamond Corp. is consolidating its head office activities in Montreal. The exploration team will, however,...

Canadian Mining Journal Staff | May 31, 2012 | 5:00 pm

IRON RESOURCE: Houston, Knob Lake deposits grow for LIM

LABRADOR – Toronto-based Labrador Iron Mines reports that the latest resource numbers at its Houston and Knob Lake iron deposits in western Labrador continue to improve.

Canadian Mining Journal Staff | May 31, 2012 | 4:58 pm

PHOSPHATE STUDY: PFS for Lac-a-Paul project confirms $1-B NPV and 24% IRR

QUEBEC – Ressources d’Arianne of Saguenay, QC, has updated the pre-feasibility study for its Lac-a-Paul phosphate project, confirming that a 3 million t/y phosphate concentrate producer will generate an net present value (8%...

Canadian Mining Journal Staff | May 31, 2012 | 4:57 pm

Cline Mining sues B.C. government for $500 million

VANCOUVER — Cline Mining is suing the British Columbia government for $500 million in compensation for the coal licenses it lost when the government banned mining in the Flathead Valley.

Canadian Mining Journal Staff | May 31, 2012 | 4:56 pm

COPPER MINING: Ming mine ships first concentrate

LABRADOR – The first copper concentrate shipment from the reopened Ming copper-gold mine belonging to Rambler Metals and Mining of Baie Verte, NL, has been made, marking the official start of copper production on May 14, 2012.

Canadian Mining Journal Staff | May 30, 2012 | 4:59 pm

MINERAL PROCESSING: Pilot plant makes cobalt sulphide from NICO project

ONTARIO – SGS Lakefield Research has successfully made cobalt sulphate in pilot plant tests from material from the NICO gold-cobalt-bismuth-copper project in the Northwest Territories. The project is 100% owned by Fortune Minerals of...

Canadian Mining Journal Staff | May 30, 2012 | 4:58 pm

MINING PEOPLE IN THE NEWS: Century Iron, Cline Mining, Coalspur, Corvus, and Harvest Gold

Toronto-based Century Iron Mines has named Ghislain Arel, formerly of Consolidated Thompson Iron Mines, to its mine development team. He will spearhead efforts to bring a direct shipping ore deposit into production in the Labrador Trough.

Canadian Mining Journal Staff | May 30, 2012 | 4:57 pm

GOOD READING: New adhesive book covers Loctite brands

MISSISSAUGA, Ontario – The Loctite® Adhesive Sourcebook, Volume 12 from Henkel Corporation is a comprehensive 202-page print and online guide to the complete line of Loctite adhesives, sealants, lubricants, coatings and...

Canadian Mining Journal Staff | May 30, 2012 | 4:56 pm

Kinross unloads stake in Crixas for US$220 million

VANCOUVER — Canada’s third-largest gold producer Kinross Gold has divested its 50% stake in the Crixas gold operation in central Brazil to South African partner AngloGold Ashanti in a cash deal worth US$220 million.

Canadian Mining Journal Staff | May 30, 2012 | 4:55 pm

GOLD MINING: First dor bar poured at Bachelor project

QUEBEC – Metanor Resources of Val d’Or, QC, has delivered its first gold doré bar to the Royal Canadian Mint from its 5,000-tonne bulk sample at the Bachelor project in Le Sueur Township.

Canadian Mining Journal Staff | May 29, 2012 | 5:01 pm

GOLD DEVELOPMENT: Alexis arranges Snow Lake loan

MANITOBA – Alexis Minerals of Toronto has received formal credit approval from Credit Suisse for a US$45-million, 4.5-year term loan to hasten development of the Snow Lake (formerly New Britannia) gold mine 80 km east of Flin Flon.

Canadian Mining Journal Staff | May 29, 2012 | 5:00 pm

GOLD STUDY: Back River PEA puts NPV at over $1-B

NUNAVUT – Vancouver-based Sabina Gold & Silver Corp. has completed a positive preliminary economic assessment for its 100%-owned Back River gold project 75 km from Bathurst Inlet. The pre-tax net present value (5%) is $1.1 billion and...

Canadian Mining Journal Staff | May 29, 2012 | 4:59 pm

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