Canadian Mining Journal Staff

METAL DETECTORS: Two new models added to Eriez line-up

ERIE, Pennsylvania - Eriez has two new additions to the company's successful line of Metalarm metal detectors: the Hawk and Eagle models. These rugged metal detectors are ideally suited for quarries, mines and other difficult aggregate...

Canadian Mining Journal Staff | February 7, 2011 | 4:44 pm

EQUIPMENT: Detour Gold to by Cat trucks from Toromont

TORONTO - Detour Gold has agreed to purchase the mining truck fleet for its Detour Lake gold mine in northern Ontario from Toromont Industries. The fleet will include 23 Caterpillar 795F, 322-t haul trucks and ancillary equipment. Detour has...

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

MERGER: Newmont eyes Fronteer Gold for expansion in Nevada

DENVER - Newmont Mining has agreed to purchase all the outstanding common shares of Vancouver's Fronteer Gold for $14.00 in cash and one common share of a new company called Pilot Gold. The price represents a premium of 37% over Feb. 2, 2011,...

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

PERSPECTIVE: Copper tops $10,000 per tonne

The price of copper set an all-time record on Feb. 3, surging above US$10,000 per tonne. Or if you prefer a manageable unit such as a pound, the price translates to over US$4.50/lb.

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

MINERAL PROCESSING: Orbite’s alumina pilot plant online

QUEBEC - The alumina pilot production plant in Cap-Chat is operational, marking a critical step toward commercialization for owner Exploration Orbite of Montreal. Moreover, this stage of the project was completed on budget and ahead of...

Canadian Mining Journal Staff | February 2, 2011 | 5:00 pm

AWARD: Jean Robitaille named Mineral Processor of the Year

OTTAWA - Toronto's Agnico-Eagle Mines noted that its senior VP of technical services, Jean Robitaille, won the Mineral Processor of the Year Award at the annual Canadian Mineral Processors (CMP) gala on Jan. 19, 2011. This is the CMP's most...

Canadian Mining Journal Staff | February 2, 2011 | 5:00 pm

MINERAL PROCESSING: Former Bouchard Hebert mill to move to Makwa nickel project

MANITOBA - Mustang Minerals of Toronto plans to purchase the mill at the former Bouchard Hebert base metal mine near Rouyn-Noranda, QC, and move it to its Makwa (formerly Maskwa) nickel project near Bernic Lake. The $2-million price covers...

Canadian Mining Journal Staff | February 2, 2011 | 5:00 pm

ACQUISITION: Dumas buys second business in Latin America

TORONTO - Dumas Contracting, a company that has provided contract mining services to many Canadian projects, is growing again with the acquisition of International Specialized Mining Services (ISMS). This follows Dumas' acquisition of Peru's...

Canadian Mining Journal Staff | February 2, 2011 | 5:00 pm

ACQUISITION: Paladin issues shares for Michelin uranium project

VANCOUVER - Fronteer Gold has sold all the uranium assets of its subsidiary Aurora Energy Resources to Paladin Energy of Perth, Australia. In payment Fronteer will receive 52.1 million common shares of Paladin, making Fronteer at 6.7% the...

Canadian Mining Journal Staff | February 1, 2011 | 5:00 pm

GOLD RESERVES: Detour Lake number grows to 14.9M oz at $850-gold

ONTARIO - Toronto-based Detour Gold has updated the reserve numbers for its Detour Lake gold project being readied for production in 2013. Using a gold price of US$850/oz, the company estimates that there are 14.9 million oz of gold in proven...

Canadian Mining Journal Staff | February 1, 2011 | 5:00 pm

MINING PEOPLE IN THE NEWS: Baffinland, Kria and San Gold

Following the successful takeover of Toronto's Baffinland Iron Mines, winning bidders ArcelorMittal and Nunavut Iron Ore Acquisition have announced changes to the board of directors. Effective immediately, Richard D. McCloskey, Grant Edey, John...

Canadian Mining Journal Staff | January 31, 2011 | 5:00 pm

STOCK SPLIT: PotashCorp goes three-for-one on record Q4 sales

SASKATOON - Potash Corporation of Saskatchewan (PotashCorp) sold a record 2.4 million tonnes of potash in Q4 2010, raising the full-year gross margin to US$1.8 billion and 8.6 million tonnes. Full-year earnings were US$5.95 per share, the...

Canadian Mining Journal Staff | January 31, 2011 | 5:00 pm

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