Canadian Mining Journal Staff

GOLD MINING: Forest fires retreat, work resumes at mines

ONTARIO – The forest fires that last week forced three gold mines in northern Ontario to suspend operations have begun to abate and residents are beginning to return to their homes and cottages.

Canadian Mining Journal Staff | May 29, 2012 | 4:58 pm

Prophecy Platinum sees promising signs at Wellgreen

VANCOUVER — Things keep rolling along for Vancouver-based exploration outfit Prophecy Platinum at its flagship Wellgreen platinum group metals (PGM) and nickel project in the Yukon Territories. The company released a flurry of news to end...

Canadian Mining Journal Staff | May 29, 2012 | 4:57 pm

DIAMOND DEVELOPMENT: Gahcho Ku partners advance $31.3 million

NORTHWEST TERRITORIES – Joint venture partners Mountain Province Diamonds (49%) of Toronto and De Beers Canada (51%), also based in Toronto, are spending $31.3 million over the next year at their Gahcho Kué diamond project near...

Canadian Mining Journal Staff | May 28, 2012 | 5:00 pm

ZINC-LEAD STUDY: Smaller, high grade mining possible at Selwyn

YUKON TERRITORIES – Selwyn Resources of Vancouver and its partner Chihong Canada Mining are taking another look at their Selwyn zinc-lead project near Howard’s Pass. The feasibility study written in 2010 focused on an underground...

Canadian Mining Journal Staff | May 28, 2012 | 4:59 pm

ENVIRONMENT: Teck offers $2-M to conserve land on Columbia Lake

BRITISH COLUMBIA – Vancouver-based Teck Resources is contributing $2 million to the Nature Conservancy of Canada to help protect Lot 48 on Columbia Lake approximately 5 km south of Fairmont Hot Springs.

Canadian Mining Journal Staff | May 28, 2012 | 4:58 pm

GOLD DEVELOPMENT: Gallery of Pascua-Lama photos

TORONTO – As Barrick Gold works feverishly to ready the Pascua-Lama gold mine for production in 2013, the company has released a gallery of photographs from the site that straddles the Chile-Argentina border.

Canadian Mining Journal Staff | May 28, 2012 | 4:57 pm

McEwen comments on uncertainty in Argentina

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

Canadian Mining Journal Staff | May 28, 2012 | 4:56 pm

Positive trends for Canadian coal

As president of the Coal Association of Canada (CAC) and representing the broad spectrum of companies engaged in the exploration, development and transportation of coal, Ann Marie Hann has a unique window on the trends occurring in...

Canadian Mining Journal Staff | May 28, 2012 | 3:59 pm

FINANCING: Canada Lithium to raise $30-M for Quebec project

QUEBEC – Canada Lithium of Toronto is raising $30 million with which to fund some of the construction at its Quebec lithium project 60 km north of Val d’Or. The company will issue 83.3 million common shares priced at $0.36 each. The...

Canadian Mining Journal Staff | May 24, 2012 | 5:00 pm

REE STUDY: Ashram deposit shows robust economics

QUEBEC – The preliminary economic assessment of the Ashram rare earth element deposit at the Eldor project in the northern part of the province shows what owner Commerce Resources of Vancouver calls “robust economics.” The...

Canadian Mining Journal Staff | May 24, 2012 | 4:59 pm

ACQUISITION: Marathon looks to Mountain Lake

TORONTO – Marathon Gold Corp. has agreed to acquire all of the outstanding common shares of Mountain Lake Resources. The transaction will consolidate Marathon’s and Mountain Lake’s 50% interests in the Valentine Lake gold...

Canadian Mining Journal Staff | May 24, 2012 | 4:58 pm

TAKEOVER: Norilsk announces play for Asian Mineral Resources

TORONTO –Russian giant MMC Norilsk Nickel has announced its intention to make an all-cash takeover bid through a subsidiary for Asian Mineral Resources (AMR). Norilsk says it will offer $0.11 per share, a price said to be 69% over the...

Canadian Mining Journal Staff | May 24, 2012 | 4:57 pm

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