Canadian Mining Journal Staff

MINING PEOPLE: PotashCorp and Red Pine Exploration

Potash Corporation of Saskatchewan, headquartered in Saskatoon, has added Aaron W. Regent to its board of directors. He was previously the president and CEO of Barrick Gold, and he sits on the board of the Bank of Nova Scotia. His also a former...

Canadian Mining Journal Staff | September 10, 2015 | 3:55 pm

EXPLOSIVES: Nordex to supply Young-Davidson gold mine

KIRKLAND LAKE, Ontario – Nordex Explosives has signed a two year supply agreement with Alamos Gold for the supply of explosive products to the Young-Davidson gold mine located in Matachewan, ON. Under the terms of the agreement, a minimum...

Canadian Mining Journal Staff | September 10, 2015 | 3:53 pm

AuRico CEO: ‘We’re well situated for challenging markets’

VANCOUVER – Newly minted AuRico Metals (TSX: AMI; US-OTC: ARCTF) is poised to hit the ground running with a strong capital position and a portfolio of royalty assets that already make it cash flow positive.

Canadian Mining Journal Staff | September 10, 2015 | 3:50 pm

ABORIGINAL RELATIONS: First Nations leaders demand new approach to resource development

VANCOUVER – As the BC Cabinet and First Nations Leaders’ Gathering takes place in this coastal city this week, certain First Nations chiefs are demanding improvements and changes to the resource development process.

Canadian Mining Journal Staff | September 9, 2015 | 4:05 pm

COPPER: Poor markets force Capstone to cut spending

VANCOUVER – Capstone Mining Corp. says poor market conditions are to blame for its decision to cut site operating costs by US$20 million over the second half of 2015 and to suspend work on the Santo Domingo copper project in Chile.

Canadian Mining Journal Staff | September 9, 2015 | 4:03 pm

EDUCATION: Ivanhoe, Laurentian U, South Africans team up for geoscience training

SOUTH AFRICA – Ivanhoe Mines of Vancouver is teaming up with Laurentian University of Sudbury, ON, and the University of Limpopo to provide skills training for tomorrow’s South African explorer and miners. Representatives of the two...

Canadian Mining Journal Staff | September 9, 2015 | 4:02 pm

COPPER-MOLYBDENUM: Entre updates Ann Mason PEA

NEVADA – Entrée Gold of Vancouver has updated the preliminary economic assessment for its Ann Mason copper-molybdenum porphyry project near Yerington. The new PEA has an updated mineral resource, improvements to the mine plan,...

Canadian Mining Journal Staff | September 9, 2015 | 4:01 pm

COMPRESSORS: Atlas Copco buys Air Repair of Moncton

STOCKHOLM - Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Air Repair Sales and Services Limited, which distributes, services and rents out compressors and accessories.

Canadian Mining Journal Staff | September 9, 2015 | 3:59 pm

Glencore slashes near term copper production

VANCOUVER — Copper producers have seen margins come under pressure as spot prices for the red metal have hovered near six-year lows and look poised to remain stuck below the US$3 per lb level over the medium term. London-based Glencore...

Canadian Mining Journal Staff | September 9, 2015 | 3:58 pm

LITHIUM: Nemaska chooses Shawinigan as site of new hydromet plant

QUEBEC – Nemaska Lithium of Quebec City has signed an agreement in principle with the city of Shawinigan to acquire land and part of an existing manufacturing plant so that it can build a hydrometallurgical facility to treat concentrates...

Canadian Mining Journal Staff | September 8, 2015 | 4:19 pm

NICKEL-COPPER-PGM: Balmoral extends Grasset H3 zone at depth with long and strong intersection

QUEBEC – Balmoral Resources of Vancouver reports that it has successfully extended the higher grade core of the H3 zone down plunge by more than 30%, and the zone remains open at depth. The H3 zone is located at the Grasset gold-copper...

Canadian Mining Journal Staff | September 8, 2015 | 4:17 pm

COPPER: Codelco investment plans hit hard by lack of financing

CHILE – Times are tough for financing expansion and investment plans in the mining industry, and Codelco, Chile’s state run copper producer is no exception. The company had hoped to invest US$25 billion in expand aging mines and...

Canadian Mining Journal Staff | September 8, 2015 | 4:16 pm

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