Canadian Mining Journal Staff, Author at Canadian Mining Journal

NICKEL STUDY: Optimization boosts Minago NPV to $720 million

MANITOBA - Toronto-based Victory Nickel said that project optimization resulted in improved economics for its Minago nickel project in the Thompson Nickel Belt. The base case internal rate of return (IRR) has increased to 22.9% from the...

Canadian Mining Journal Staff | August 10, 2011 | 4:59 pm

PERSPECTIVE: Gold price hits record US$1,780 per oz

I hope CMJ readers are not tired of hearing about the skyrocketing gold price. Every time we turned around in the last week, it seems to have hit another all-time high. Five days this month closing records were broken - Aug.1 ($1,623.00), Aug....

Canadian Mining Journal Staff | August 9, 2011 | 5:00 pm

ENVIRONMENTAL REVIEW: Joint panel formed for Marathon PGM-copper project

ONTARIO - Canada's environment minister Peter Kent and Ontario's minister of the environment John Wilkinson announced on Aug. 9 the establishment of a three-member joint review panel for the environmental assessment of the proposed Marathon...

Canadian Mining Journal Staff | August 9, 2011 | 4:59 pm

MINING PEOPLE IN THE NEWS: AuRo Resources, El Tigre Silver, Mexivada and UC Resources

AuRo Resources of Vancouver has named John Gomez to its board of directors. He is a founder of White Gold Corp. and U3O8 Media Inc. He holds a BA from the University of Victoria.

Canadian Mining Journal Staff | August 9, 2011 | 4:58 pm

DIAMOND EXPLORATION: Peregrine unearths third kimberlite at Qilaq

NUNAVUT - Peregrine Diamonds of Vancouver has discovered a third kimberlite at its Qilaq project on Baffin Island. The Q3 kimberlite was drilled with angled reverse circulation holes within a anomalous magnetic low with an estimated surface...

Canadian Mining Journal Staff | August 8, 2011 | 5:00 pm

NICKEL SALE: HudBay unloads Guatemalan ferro-nickel project

GUATEMALA - Toronto-based HudBay Minerals announced the sale of its Fenix ferro-nickel project to the Russians. The Solway Group has agreed to pay US$140 million in cash at closing and US$30 million upon the satisfaction of certain conditions...

Canadian Mining Journal Staff | August 8, 2011 | 4:59 pm

AWARD: Friedland, Ivanhoe team named Australian Dealmaker of the Year

KALGOORLIE, Australia -The management of Ivanhoe Mines of Vancouver and its CEO Robert Friedland have been awarded Dealmaker of the Year honours by Australia's Diggers and Dealers Mining Forum.

Canadian Mining Journal Staff | August 8, 2011 | 4:58 pm

PERSPECTIVE: Rising metal prices, rising mining industry payments to government

Canadian miners are excellent at turning rising commodity prices into activity in every sector of the industry. For most companies, their activity puts their earnings well into the black. Riding on their coattails are the federal, provincial...

Canadian Mining Journal Staff | August 4, 2011 | 5:01 pm

GOLD RESOURCES: First numbers for Maverick contain over 730,000 oz

MANITOBA - There may be over oz of contained gold in all categories at the Maverick gold project, that includes the former Puffy Lake mine and the adjacent Nokomis property. The property, located 50 km northeast of Flin Flon, is owned by Auriga...

Canadian Mining Journal Staff | August 4, 2011 | 5:00 pm

GOLD DEVELOPMENT: $428 million deal enough to complete Detour Lake mine

ONTARIO - Detour Gold of Toronto has completed a bought deal financing worth $428 million with which to finish construction at its Detour Lake gold mine 185 km northeast of Cochrane. The underwriters, led by BMO Capital Markets and TD...

Canadian Mining Journal Staff | August 4, 2011 | 4:59 pm

NICKEL-COPPER DEVELOPMENT: Xstrata gives nod to Fraser Morgan project

ONTARIO - Hot on the heels of its announced $530-million project at the Raglan mine, Xstrata Nickel has announced plans to spend $119 million to put the Fraser Morgan deposit into production at Sudbury. Development is to begin next year with...

Canadian Mining Journal Staff | August 4, 2011 | 4:58 pm

LUBRICATION: Shell’s Gadus grease now tougher than ever

Shell Lubricants has launched a new, improved range of Shell Gadus greases. The range is designed to meet the challenges of the biggest, fastest and largest equipment in operation today, in some of the wettest, coldest, hottest and most extreme...

Canadian Mining Journal Staff | August 4, 2011 | 4:57 pm

RESIGNATION: Eira Thomas departs Stornoway

VANCOUVER - Stornoway Diamond Corp. has announced the resignation of chairman Eira Thomas to pursue other interests. The noted diamond geologist is a founder of the company and served as its CEO until December 2008.

Canadian Mining Journal Staff | August 3, 2011 | 5:00 pm

URANIUM EXPLORATION: Matoush project closer to reality

QUEBEC - The Matoush uranium mine belonging to Strateco Resources of Boucherville, QC, is a step or two closer to reality with the granting of underground exploration permits. Both the Canadian Nuclear Safety Commission and the Federal Review...

Canadian Mining Journal Staff | August 3, 2011 | 4:59 pm

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