Canadian Mining Journal Staff

BUILDING: SNC-Lavalin to build, operate accommodations for oil sands workers

ALBERTA - SNC-Lavalin of Montreal has been awarded a contract to design, build, operate and maintain a workforce lodge for oil sands workers in Fort McMurray, AB.

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

COPPER DEVELOPMENT: Rio Tinto to take over management at Oyu Tolgoi

MONGOLIA - Canadian company Ivanhoe Mines and Rio Tinto, domiciled in London, U.K., have reached an agreement making Rio Tinto the manager of Ivanhoe's Oyu Tolgoi copper-gold mine development. In return, Rio Tinto will provide financing to...

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

IRON ORE RESOURCE: Rockex claims 1-B tonnes at Lake St. Joseph project

ONTARIO - Toronto-based junior Rockex Limited estimates that indicated and inferred resources at its 100%-owned Western Lake St. Joseph iron ore project top 1.0 billion tonnes (no cutoff) grading between 26% and 29% Fe. The numbers apply...

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

METALS PRICES: Gold price sets record high over $1,420

On Dec. 6 the price of gold on the New York exchange closed at an all-time high of US$1,423.70 an ounce. That's wonderful, but in the two days that followed profit-taking left the price closer to the US$1,380 level at press time on Wednesday.

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

FINANCIAL REPORTING: What mining execs need to know

The following tips on changing to the International Financial Reporting Standards were made available by the Canadian Institute of Chartered Accountants.

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

RESEARCH: Rio Tinto, CEMI sign deal for $10-M underground mining centre in Sudbury

SUDBURY, Ontario - On Dec. 6, 2010, partners Rio Tinto and the Centre for Excellence in Mining Innovation (CEMI) celebrated the official signing of an agreement that will showcase CEMI's capabilities to the world.

Canadian Mining Journal Staff | December 7, 2010 | 5:00 pm

COPPER EXPLORATION: Drilling boosts grades at Kutcho project

BRITISH COLUMBIA - The new 43-101-compliant resource estimate for the Esso deposit at the Kutcho copper-zinc-precious metals project near Dease Lake reflects higher grades and confidence for owner Capstone Mining of Vancouver. The 2010 infill...

Canadian Mining Journal Staff | December 7, 2010 | 5:00 pm

PERSPECTIVE: Anti-chrysotile crusaders oppose Jeffrey mine redevelopment

Calling themselves the Solidarity Delegation, seven individuals from Japan, Indonesia, Korea and India came to Quebec this week in an attempt to stop the provincial government from financing underground redevelopment at the Jeffrey mine in...

Canadian Mining Journal Staff | December 7, 2010 | 5:00 pm

SLURRY COURSE: GIW offers course in transportation of solids

GEORGIA - GIW Industries, a leader in the design, manufacture and application of heavy duty centrifugal slurry pumps will hold its 34th annual "Transportation of Solids Using Centrifugal Pumps" course in Augusta from Jan. 31 to Feb. 4, 2011.

Canadian Mining Journal Staff | December 6, 2010 | 5:00 pm

AWARD: Pan American Silver wins sustainable development prize in Peru

PERU - The Peruvian subsidiary of Vancouver's Pan American Silver has won the 2010 Sustainable Development Award in the promotion initiatives for local development (mining) category.

Canadian Mining Journal Staff | December 6, 2010 | 5:00 pm

COPPER DEVELOPMENT: Western Copper to use $20-M to advance Carmacks and Casino projects

YUKON - Vancouver-based Western Copper Corp. has entered into a bought deal financing worth $20 million with which to advance its Carmacks and Casino projects. The company will issue approximately 8.2 million units at a price of $2.45 per unit....

Canadian Mining Journal Staff | December 6, 2010 | 5:00 pm

GOLD DEVELOPMENT: Detour raises US$500-M for work on new mine

ONTARIO - Detour Gold Corp. of Toronto has closed a US$500-million private placement of unsecured convertible notes. The notes, bearing a 5.5% rate, will mature on Nov. 30, 2017. Half of the notes was purchased by a syndicate of underwriters...

Canadian Mining Journal Staff | December 6, 2010 | 5:00 pm

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