Canadian Mining Journal Staff

GOLD: How junior Secova digs up investors during tough times

How can Secova Metals Corp., the young junior from Vancouver, raise exploration funds with seeming ease when so many others find themselves shut out of the market? And raise money it has.

Canadian Mining Journal Staff | October 5, 2015 | 3:54 pm

OIL SANDS: Suncor makes $6.6B bid for Canadian Oil Sands Limited

CALGARY – Suncor Energy has made an unsolicited, $6.6-billion takeover bid for Canadian Oil Sands Ltd. COSL shareholders would receive 0.25 of a Suncor share for each outstanding COSL share, an offer worth $4.3 billion. Suncor would also...

Canadian Mining Journal Staff | October 5, 2015 | 3:52 pm

POTASH: PotashCorp withdraws K+S offer

SASKATOON – Potash Corporation of Saskatchewan has withdrawn its proposal to negotiate a transaction with K+S Aktiengesellschaft of Germany. On May 31, 2015, PotashCorp offered €41 for each K+S share in a deal that would see...

Canadian Mining Journal Staff | October 5, 2015 | 3:51 pm

GOLD: SLAM receives bulk mining permit for Maisie vein

NEW BRUNSWICK – SLAM Exploration of Miramichi has received permission from the province to take a 2,000-tonne bulk sample from the Maisie gold vein at its Menneval property near the town of the same name.

Canadian Mining Journal Staff | October 5, 2015 | 3:49 pm

GOLD: Rubicon temporarily suspends milling at Phoenix mine

ONTARIO – Toronto’s Rubicon Minerals has temporarily suspended milling at the Phoenix gold project in the Red Lake camp. The order was made by the Ontario Ministry of Environment and Climate Change due to elevated levels of ammonia.

Canadian Mining Journal Staff | October 5, 2015 | 3:48 pm

PUMPS: KSB Canada adds new Etaline in-line pump to product line-up

MISSISSAUGA, Ontario - Etaline R pumps from KSB Canada combine the reliable, low maintenance features of the company’s Eta family of single-stage centrifugal pumps with an in-line design that makes these models ideal for pressure boosting...

Canadian Mining Journal Staff | October 5, 2015 | 3:46 pm

Ana Paula is ‘great downside insurance,’ says Timmins CEO

VANCOUVER — Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is one step closer to production its high grade Ana Paula gold project in Guerrero, Mexico, following an opportune deal with Goldcorp (TSX: G; NYSE: GG) for a mill and...

Canadian Mining Journal Staff | October 5, 2015 | 3:44 pm

NICKEL: SNC-Lavalin to sell Ambatovy share for $600M

MADAGASCAR – SNC-Lavlin of Montreal has elected to sell its 5% share in the Ambatovy laterite nickel joint venture to Sumitomo Corp. for $600 million. Sumitomo will now enjoy a 32.5% interest in the project. The balance is held by...

Canadian Mining Journal Staff | October 1, 2015 | 4:17 pm

MINERAL SANDS: Titanium Corp., Syncrude strike patent and production deal

ALBERTA – Titanium Corp. and Syncrude Canada, both of Calgary, have arranged co-ownership of one of Titanium’s patents and the first right for Titanium to propose commercial recovery of heavy  minerals at Syncrude site.

Canadian Mining Journal Staff | October 1, 2015 | 4:16 pm

PALLADIUM: NAP shrinks Lac des Iles workforce

ONTARIO – Weak metal prices have forced Toronto-based North American Palladium to announce workforce reductions at its Lac des Iles palladium mine 85 km northwest of Thunder Bay. A total of 44 employees, including 18 staff and 26...

Canadian Mining Journal Staff | October 1, 2015 | 4:14 pm

MINING PEOPLE: Amerigo, INV Metals, Nevada Exploration, Pretium, and Puma Exploration

Amerigo Resources of Toronto has made some changes to its leadership as Dr. Klaus Zeitler retires as CEO but remains chairman of the board. Rob Henderson, currently president and COO, will assume the role of CEO. Aurora Davidson becomes...

Canadian Mining Journal Staff | October 1, 2015 | 4:09 pm

HOIST ROPES: SAS chooses Redaelli

ONTARIO – St Andrew Goldfields (SAS) of Toronto has chosen Redaelli wire ropes for the production hoist at its Holt mine near Timmins. On the production hoist, SAS has chosen Redaelli Pack 1P Seven ropes, 45 mm diameter and 2,134 meters...

Canadian Mining Journal Staff | October 1, 2015 | 4:08 pm

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