Business News
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Swedish mining innovation competition names three finalists
Swedish Mining Innovation has announced the three finalists for its 2020 Innovation of the Year Award, including two technologies focused on analyzing and handling drill core. The three finalists are: Orexplore for its X-ray technology for drill core; Widefind for…
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Aussie gold miner Newcrest to begin trading on TSX
Following its acquisition of a 70% stake in the Red Chris copper-gold mine in British Columbia last year, Australia’s largest listed gold miner, Newcrest Mining, will begin trading on the Toronto Stock Exchange on Oct. 13. In a release, Newcrest…
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Mountain Province resumes diamonds sales in Antwerp
Mountain Province Diamonds held its first traditional diamond sale since the pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which…
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Teck copper mine in Chile switches to renewable energy
Teck Resources has signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100% renewable power, eliminating 200,000 tonnes of greenhouse gas (GHG) emissions – the equivalent of taking 40,000 cars off the…
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Bonterra preps Bachelor mill for 10,000-tonne bulk sample from Moroy
Bonterra Resources has begun processing stockpiled material at its Bachelor mill in Quebec in preparation for a 10,000-tonne bulk sample under way at its Moroy deposit on the Bachelor property in the Urban-Barry greenstone belt. Mining of the deposit, 185…
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Lundin Gold prepares to drill high-priority target near Fruta del Norte
With its Fruta del Norte gold mine in Ecuador ramping up to full production after a three-month suspension related to COVID-19 restrictions earlier this year, Lundin Gold is preparing to start a 6,000-metre drill program at its Barbasco gold-silver target, 7…
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Restart of Renard diamond mine planned for September
Operations at the Renard diamond mine in Quebec will be restarted this month, after a six-month suspension, Osisko Gold Royalties has announced. The September restart follows a thorough review of operations and the approval of a plan to reduce costs…
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Red Chris East zone shapes up with 166 metres of 3 g/t gold and 1.5% copper
New drill results from Newcrest Mining and Imperial Metals‘ Red Chris joint venture in British Columbia continue to confirm high-grade copper-gold mineralization in the East zone, which project operator Newcrest is evaluating as a potential underground block cave mining opportunity.…
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Moneta Porcupine PEA outlines 11-year mine life for South West gold deposit
Moneta Porcupine Mines has released a positive preliminary economic assessment (PEA) for the South West deposit at its Golden Highway project, near Timmins, Ont. The study looks at a 1,750 t/d underground mine that would produce an average of 76,000…
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Aussie junior Auteco picks up the pace at historic Pickle Crow gold project
On the heels of a recent A$30.4-million financing and resource update, Australian junior Auteco Minerals has increased its drill program at First Mining Gold‘s Pickle Crow gold project, in northwestern Ontario, to 45,000 metres from 10,000 metres. Auteco released an…
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Int’l Tower Hill looks to revive Livengood on higher gold prices
Junior International Tower Hill Mines plans to raise US$10.3 million in support of a prefeasibility study on its Livengood gold deposit, 110 km north of Fairbanks, Alaska. In July, the Vancouver-based company announced it had finalized the key contracts to…
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Mexican gov’t scraps key mining post in austerity drive
Mining companies operating in Mexico are showing concern, after the country’s government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday. The move, said local mining groups that…
