Canadian Mining Journal Staff

GOLD MINING: Lake Shore’s Timmins mine in commercial production

ONTARIO - Lake Shore Gold of Toronto declared its Timmins underground gold mine in commercial production on Jan. 1, 2011, with an output of 12,300 oz the previous month. During December 2010 the mining rate averaged 1,700 t/d, well above the...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

SILVER-LEAD-ZINC MINING: Bellekeno mine reaches commercial production

YUKON - Vancouver-headquartered Alexco Resource Corp. declared its Bellekeno silver-lead-zinc project reached commercial production on Jan. 1, 2011. The underground mine and conventional flotation plant are located in the Keno Hill Silver...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

PERSPECTIVE: Australian floods cripple coal producers

The flooding that has hit Australia's Queensland state over the last few weeks is wrecking havoc with, among other things, that country's coal industry. It supplies 159 million tonnes or two-thirds of the global export coking coal market, and...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

BASE METAL STUDY: Buchans receives pit plan for Lundberg and Engine House deposits

NEWFOUNDLAND - Buchans Minerals Corp. of Windsor, NS, has received a detailed open pit mine plan for its Lundberg and Engineer House base metals deposits in central Newfoundland. Wardrop prepared the plans based on a 5,000-t/d operation.

Canadian Mining Journal Staff | January 5, 2011 | 5:00 pm

MINING PEOPLE IN THE NEWS: Century Mining, Selwyn and Wesdome

Century Mining Corp., of Blaine, WA, has named Daniel Major its new president, CEO and director. He brings close to 25 years of international mining experience - including mine development planning, project development, operations management,...

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

GOLD STUDY: Bachelor Lake PFS outlines profitable operation, 85% IRR

QUEBEC - The pre-feasibility study conducted for Metanor Resources of Val d'Or, QC, indicates that its Bachelor Lake gold project near Desmaraisville will be profitable with an 85% internal rate of return (IRR). Over the initial three years of...

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

TOP 10 Business issues with legal implications for 2011

As we look ahead into 2011, Borden Ladner Gervais LLP's commitment and drive to understand our clients and to achieve the best possible results for our clients is top of mind. We are dedicated to anticipating issues and sharing effective,...

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

FINANCING: Royal Bank policy to consider oil sands impact before lending

TORONTO - At the urging of the Rainforest Action Network (RAN) and Canada's First Nations, the Royal Bank of Canada has implemented a new policy of conducting an environmental and social risk review (ESRR) on selected companies before it...

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

ARMED ROBBERY: Thieves make off with 1,500 oz of gold from Aurizona mine

BRAZIL - Luna Gold of Vancouver made the unhappy announcement that armed robbers had relieved its Aurizona gold project in Maranhao state of an estimated 1,500 oz of gold on Dec. 29, 2010. No employees were injured during the robbery, and local...

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

MINING PEOPLE IN THE NEWS: Canaco, Hana Mining, Key Gold, MetalCorp and Premier Gold Mines

Vancouver-based Canaco Resources proudly announced that its director of project development in Tanzania, Dr. David Groves, has been honoured with the Penrose Gold Medal awarded by the Society of Economic Geologists (SEG). The medal is awarded...

Canadian Mining Journal Staff | December 23, 2010 | 5:00 pm

GOLD MILLING: Jolu mill starts up at La Ronge mine

SASKATCHEWAN - The refurbished Jolu mill at the La Ronge gold project belonging to Golden Band Resources of Saskatoon has started up. It is processing high grade stockpiled material from the Roy Lloyd mine (Bingo deposit). The mill is now...

Canadian Mining Journal Staff | December 23, 2010 | 5:00 pm

PERSPECTIVE: Copper to be hottest metal in 2011

Analysts are predicting the copper will be the hottest metal in 2011. And why not? The metal hit an all-time high of over US$4.27 per pound the week of Dec. 30, 2010. The rising copper price correlates positively with a healthy global...

Canadian Mining Journal Staff | December 23, 2010 | 5:00 pm

ENVIRONMENTAL CHARGES: Suncor fined $200,000 for incidents in 2008

ALBERTA - Suncor Energy of Calgary pleaded guilty on Dec. 21, 2010, to two violations of the Canadian Fisheries Act for the deposit of a deleterious substance into waters frequented by fish and was fined $200,000. The penalty includes a...

Canadian Mining Journal Staff | December 22, 2010 | 5:00 pm

BENEFIT AGREEMENT: Detour Gold, Wahgoshig ink deal for Detour Lake project

ONTARIO  - Detour Gold Corp. of Toronto and Wahgoshig First Nation (WFN) have signed an impact benefit agreement with respect to the development and operation of the company's Detour Lake gold mine about 180 km northeast of Cochrane. Both...

Canadian Mining Journal Staff | December 22, 2010 | 5:00 pm

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