Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD HOLDINGS: Barrick to sell Russian interest

TORONTO – Barrick Gold has announced plans to sell its 20.4% interest in the Russian producer, Highland Gold. Purchased 10 years ago, this is Barrick’s only exposure to the Russian mining industry. The largest Highland Gold...

Canadian Mining Journal Staff | February 13, 2012 | 4:58 pm

PHILANTHROPY: Vale donates $150,000 to make sports available to children

SUDBURY, Ontario – On Feb. 11, 2012, Vale Canada made a $150,000 local donation to support kids’ sports for the next three years. The gift goes to the Human League’s Positive Leisure Activities for Youth (PLAY) program.

Canadian Mining Journal Staff | February 13, 2012 | 4:57 pm

PERSPECTIVE: The Canaccord-China deal: When $1-B is a drop in the bucket

Canadian Prime Minister Stephen Harper's current trip to China is touted as an opportunity to create partnerships between the two countries. One positive outcome has just been revealed: Canaccord Financial of Toronto and a Chinese bank plan to...

Canadian Mining Journal Staff | February 9, 2012 | 5:00 pm

URANIUM: Canada, China sign supply agreement

OTTAWA - A further outcome to Canadian Prime Minister Stephen Harper's China jaunt is that the two countries have negotiated an agreement to facilitate increased export of Canadian uranium to China. The agreement is a protocol that supplements...

Canadian Mining Journal Staff | February 9, 2012 | 4:59 pm

IRON DEVELOPMENT: End-of-year target set for DSO production

LABRADOR - Calgary-based New Millennium Iron and its partner Tata Steel of India have set a target production date of Q4 2012 for the direct shipping ore (DSO) iron development near Schefferville. Major contracts have been awarded and equipment...

Canadian Mining Journal Staff | February 9, 2012 | 4:58 pm

YEAR-END: Teck reports record-breaking results

VANCOUVER - Teck Resources is coming off what may be its best year ever with unaudited year-end numbers breaking several records. Annual revenues in 2011 of $11.5 billion were up 25% from 2012. Gross profit, before depreciation and...

Canadian Mining Journal Staff | February 9, 2012 | 4:57 pm

MINERAL PROCESSING: New Endako moly mill reaches target throughput

BRITISH COLUMBIA - Denver-based Thompson Creek Metals reports that the new Endako molybdenum concentrator near the town of the same name reached its commercial production rate of 55,000 t/d on Feb. 1, 2012. That is a 77% increase over the old...

Canadian Mining Journal Staff | February 8, 2012 | 5:00 pm

INVESTIGATION: Goldcorp chair Telfer cited in OCS probe

TORONTO - Goldcorp chairman Ian Telfer has been cited by the Ontario Securities Commission in a recent insider trading probe. The allegation is that Telfer helped participants (including his long-time friend Eda Marie Agueci) in an alleged...

Canadian Mining Journal Staff | February 8, 2012 | 4:59 pm

ZINC-LEAD STUDY: Pine Point N-204 reserves reach 12.8-M tonnes

NORTHWEST TERRITORIES - Tamerlane Ventures of Blaine, WA, has completed the 43-101 report and feasibility study for the N-204 zinc-lead deposit at the Pine Point project. The mineral inventory includes diluted probable reserves of 12.8 million...

Canadian Mining Journal Staff | February 8, 2012 | 4:58 pm

FINANCING: Yukon-Nevada, Deutsche Bank strike $20-M forward gold sale

VANCOUVER - Yukon-Nevada Gold Corp. has entered into a US$20-million forward gold purchase agreement with the London branch of Deutsche Bank AG. The funds will be used by Yukon-Nevada subsidiary Queenstake Resources USA to expand production at...

Canadian Mining Journal Staff | February 8, 2012 | 4:57 pm

REPORT: Canadian mining resumes growth

OTTAWA - The Mining Association of Canada (MAC) has published the latest report looking at the value of the mineral industry to Canada, Facts & Figures 2011. Chief among its findings is that the Canadian mining industry has not only...

Canadian Mining Journal Staff | February 7, 2012 | 5:00 pm

NICKEL MINING: Record production from Bucko Lake

MANITOBA - CaNickel Mining of Vancouver has developed several longhole stopes at its Bucko Lake nickel mine near Wabowden and been rewarded with record monthly production numbers.

Canadian Mining Journal Staff | February 7, 2012 | 4:59 pm

GOLD RESOURCE: Haile resource grows to 4.0-M oz

SOUTH CAROLINA - Romarco Minerals of Toronto, has updated the resource estimate for its Haile gold mine in Lancaster County. Measured and indicated resources increased 29% to 4.0 million oz of gold in 53.4 million tonnes averaging 1.82 g/t Au....

Canadian Mining Journal Staff | February 7, 2012 | 4:58 pm

COPPER-SILVER STUDY: Feasibility report complete for Copperwood project

MICHIGAN - Toronto-based Orvana Minerals has received the completed feasibility study for its Copperwood copper-silver project on the Upper Peninsula. The study outlines a 13-year underground operation using room-and-pillar mining.

Canadian Mining Journal Staff | February 7, 2012 | 4:57 pm

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