Canadian Mining Journal Staff

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

QUOTE: NMDMF discusses Ontario Mining Act modernization

To remain at the forefront in a highly competitive global marketplace, we need to be open - open to change and open for discussion.

Canadian Mining Journal Staff | December 2, 2010 | 5:00 pm

MINING HALL OF FAME: Dinner to honour three industrty veterans

TORONTO - The Canadian Mining Hall of Fame has chosen Jan. 13, 2011, to hold its 23rd annual dinner and induction ceremony at the Fairmont Royal York Hotel. This year's inductees are geologist and mine finder Mike Muzylowski, metallurgical...

Canadian Mining Journal Staff | December 2, 2010 | 5:00 pm

LEAD-ZINC MINING: First concentrate shipped from Alexco’s Bellekeno mine

YUKON - The newly opened Bellekeno mine in the Keno Hill Silver District has made the first shipment of lead-zinc concentrate for owner Alexco Resource Corp. of Vancouver. A subsidiary of Glencore International has agreed to take 42,800 tonnes...

Canadian Mining Journal Staff | December 2, 2010 | 5:00 pm

NICKEL-COPPER RESOURCE: URSA hope to expand resources at Shakespeare mine

ONTARIO - URSA Major Minerals of Toronto has resumed drilling to expand the resource at its Shakespeare open pit nickel-copper mine 70 km west of Sudbury. An initial two hole, 1,600-metre program is planned to test the eastern extension of the...

Canadian Mining Journal Staff | December 2, 2010 | 5:00 pm

GOLD RESOURCE: Initial Bell Creek numbers top 1.4-M oz

ONTARIO - Toronto-based Lake Shore Gold has released the first 43-101 figures for its Bell Creek complex near Timmins. Measured and indicated resources are 1.79 million tonnes averaging 4.36 g/t Au or 251,200 contained oz of gold. In the...

Canadian Mining Journal Staff | December 2, 2010 | 5:00 pm

Ooops!

For those "watch dogs of the web" (and we know there are many of you who keep us on our toes) there was a slight error in Monday's News. The headline on the Ritchie Bros. Auctioneers' story said the company sold US$42 worth of equipment at a...

Canadian Mining Journal Staff | December 1, 2010 | 5:00 pm

AWARD: Miners win AEMQ’s “Entrepeneur of the Year Award”

Aurizon Mines Ltd and Typhoon Exploration Inc have received the 2010 "Entrepeneur of the Year Award" from the Association de l'exploration minier du Quebec (AEMQ) .

Canadian Mining Journal Staff | December 1, 2010 | 5:00 pm

MINING IN 2011? Extensive report from Deloitte takes a look at trends in global mining

Deloitte has just released a comprehensive Report on Trends in the global mining industry. It highlights how international market shifts are forcing Canadian mining companies to fundamentally change the way they do business. Last year, the...

Canadian Mining Journal Staff | December 1, 2010 | 5:00 pm

MINING PEOPLE IN THE NEWS: Consolidated Thompson, NovaGold, Quest Rare Minerals, Ridgemont Iron Ore, Silver Predator and Sinchao Metals

Consolidated Thompson Iron Mines of Montreal has announced that Richard Quesnel has stepped down from his responsibilities as president, CEO and director of the company. Chairman Brian V. Tobin will take up those roles in the interim.

Canadian Mining Journal Staff | November 30, 2010 | 5:00 pm

RESEARCH PARTNERSHIP: Rio Tinto Alcan unveils research partnership to study climate change in Quebec’s Lac Saint-Jean basin

Rio Tinto Alcan has just announced that it will invest $500,000 in a new research partnership with Ouranos, a consortium working to better understand the impact of climate change on the Lac Saint-Jean basin in Quebec.

Canadian Mining Journal Staff | November 30, 2010 | 5:00 pm

PURCHASE AGREEMENT: Firestone buys Black Mountain zinc-lead-silver property from Kinross

Firestone Ventures of Edmonton just announced that it has signed a formal Purchase Agreement with Kinross Gold Corp of Toronto to earn a 100% interest in the 502-ha Black Mountain (also known as "Windermere Hills") zinc-lead-silver property...

Canadian Mining Journal Staff | November 30, 2010 | 5:00 pm

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