Canadian Mining Journal Staff

MERGER: Quadra FNX shareholders okay KGHM deal

VANCOUVER – Shareholders of Quadra FNX have approved the arrangement that will see KGHM Polska Miedz purchase all the outstanding shares and warrants of the Canadian company for a total of $3.5 billion. The deal was approved by over 78%...

Canadian Mining Journal Staff | February 21, 2012 | 4:58 pm

SALE: Dia Bras to unload Peruvian hydro assets in $48-M deal

PERU – Dia Bras Exploration of Toronto reports its subsidiary Sociedad Minera Corona has agreed to sell its hydroelectric assets to Volcan Compania Minera for US$46.78 million. Dia Bras will net US$24.5 million by virtue of its 81.7%...

Canadian Mining Journal Staff | February 21, 2012 | 4:57 pm

TRUCK TRANSPORT: New JV to supply heavy duty natural gas engine

VANCOUVER – Cummins Westport, a joint venture of large engine maker Cummins and Westport Innovations a company specializing in natural gas engines, will be building a new truck engine for the regional haul truck-trailer market. The new...

Canadian Mining Journal Staff | February 21, 2012 | 4:56 pm

DIAMOND DEVELOPMENT: Fly-through Renard project with digital view

QUEBEC – Stornoway Diamond Corp. of Vancouver is readying its Renard diamond project in the Otish Mountains for the start of production in 2015, and excitement is building around Quebec’s first diamond mine.

Canadian Mining Journal Staff | February 20, 2012 | 5:00 pm

GOLD-COPPER STUDY: Shaft to be sunk at Upper Beaver

ONTARIO – Toronto-based Queenston Mining is making plans to sink an exploration shaft at its Upper Beaver gold-copper property near Kirkland Lake, thanks to the conclusions of the preliminary economic assessment prepared by P&E Mining...

Canadian Mining Journal Staff | February 20, 2012 | 4:59 pm

GOLD STUDY: Pre-feasibility for Taylor project “conservative”

ONTARIO – St Andrew Goldfields (SAS) of Toronto says the estimated amount of contained gold has increased by one million ounces at its Taylor gold project near Timmins. Total measured and indicated resources are 38.3 million tonnes at an...

Canadian Mining Journal Staff | February 20, 2012 | 4:58 pm

MATERIAL HANDLING: Eriez offers express delivery on vibratory feeders

ERIE, Pennsylvania - Eriez is now offers five-day express delivery on 32 electromagnetic vibratory feeder models for customers with approved credit. Feeders Fast, part of the EriezXpress 5-Day program, is a service created to offer customers...

Canadian Mining Journal Staff | February 20, 2012 | 4:57 pm

ENVIRONMENT: Vale pledges $2-B to Sudbury “Clean AER” project

ONTARIO – Brazilian owner Vale has approved a $2-billion project to reduce airborne emissions from its Sudbury nickel smelter. The Clean AER (atmospheric emissions reduction) project will reduce sulphur dioxide emissions 70% from current...

Canadian Mining Journal Staff | February 16, 2012 | 5:00 pm

TUNGSTEN-MOLY DEVELOPMENT: Adex updates plans for Mount Pleasant mine

NEW BRUNSWICK – Adex Mining of Toronto has updated its development plan for the Mount Pleasant mine 80 km south of Fredericton. The company has decided on restarting production from the Fire Tower zone (FTZ) containing tungsten,...

Canadian Mining Journal Staff | February 16, 2012 | 4:59 pm

COPPER RESOURCE: Yellowhead expands Harper Creek estimate

BRITISH COLUMBIA – Vancouver-based Yellowhead Mining has updated the 43-101 estimate for its Harper Creek copper project north of Kamloops. At a 0.2% Cu cut-off grade, total measured and indicated resources are estimated at 815 million...

Canadian Mining Journal Staff | February 16, 2012 | 4:58 pm

Snags at year-end for gold miners

As they release their year-end numbers, Canadian gold miners are for the most part taking advantage of the strong gold price. The average price per ounce in 2011 was $1,571.52 allowing records to be set for revenues, ounces produced, cash flows...

Canadian Mining Journal Staff | February 16, 2012 | 4:58 pm

GOLD RESOURCE: Nearly 3-M oz in Timmins West property

ONTARIO – Lake Shore Gold of Toronto estimates there are approximately 2.8 million oz of gold in its Timmins West project. Total indicated resources in the Thunder Creek and Timmins deposit are 5.8 million tonnes grading 5.99 g/t Au. The...

Canadian Mining Journal Staff | February 16, 2012 | 4:57 pm

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