Canadian Mining Journal Staff, Author at Canadian Mining Journal

Glencore stock crash reverberates across mining sector

Back in May 2013, as we editorialized about the still-fresh merger of trading house Glencore and mining major Xstrata – a deal creating a US$70-billion company that still ranks as the largest M&A move in mining history – we...

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

AWARD: Canadian physicist shares Nobel for work done at SNO lab

ONTARIO –Dr. Arthur B. McDonald is a co-recipient of the 2015 Nobel Prize in Physics. He was recognized for work he did at the Sudbury Neutrino Observatory (the SNO lab) deep in the Creighton mine in Sudbury. He shares the prize with...

Canadian Mining Journal Staff | October 7, 2015 | 4:26 pm

OIL SANDS: COSL rallies against Suncor takeover bid

CALGARY – Canadian Oil Sands Ltd. has adopted a shareholders rights plan to fend off the hostile takeover bid by Suncor Energy. Earlier this week, Suncor offer to buy up all COSL shares and assume its debt in a deal worth $6.6 billion.

Canadian Mining Journal Staff | October 7, 2015 | 4:25 pm

SILVER: Teck, Franco-Nevada strike streaming deal

PERU – Teck Resources and Franco-Nevada Corp. have struck a streaming deal for Teck’s share of silver produced at the Antamina copper-zinc mine 270 km north of Lima. Teck owns a 22.50% interest in the Antamina joint venture along...

Canadian Mining Journal Staff | October 7, 2015 | 4:23 pm

COPPER-GOLD: Deep Kerr deposits continue to grow as Seabridge drills

BRITISH COLUMBIA – Results from two more diamond drill holes in the Deep Kerr zone at Seabridge Gold’s KSM copper-gold project 65 km northwest of Stewart have been received. Assays identified 340 metres of core that averaged...

Canadian Mining Journal Staff | October 7, 2015 | 4:22 pm

GOLD: Integra cuts new zones at Lamaque South

QUEBEC – Integra Gold Corp. of Vancouver has discovered two new gold-bearing zones at Lamaque South in Val d’Or. These new zones, located 2.6 and 2.7 km west of the Triangle zone, are similar to other deposits on the property.

Canadian Mining Journal Staff | October 7, 2015 | 4:21 pm

Oceanic Iron Ore gets interest from China’s Sinohydro

Sinohydro, one of China’s oldest state-owned enterprises set up shortly after Chairman Mao Zedong’s Communist party swept to power in 1949, says it is “willing and ready” to become an equity shareholder in Oceanic...

Canadian Mining Journal Staff | October 7, 2015 | 4:19 pm

COMMENT: Other avenues to junior survival

Yesterday, CMJ readers learned how successful Secova Metals has been at raising exploration funds, even though its flagship Duvay gold project in the Abitibi Greenstone Belt lacks 43-101-compliant resources. The company does it the old...

Canadian Mining Journal Staff | October 6, 2015 | 4:22 pm

COPPER: First Quantum cuts costs at Cobre Panama development

TORONTO – Weak metal prices are causing another copper producer to tighten its purse strings. First Quantum Minerals says its focus will continue to be on profitability and cash flow from its mining operations.

Canadian Mining Journal Staff | October 6, 2015 | 4:20 pm

GOLD: Northern Gold recovers 3,516 oz from Garrcon bulk sample

ONTARIO – Northern Gold Mining of Toronto says the last of the 73,534-tonne bulk sample from the Garrcon deposit has been processed at the Holt mill and 3,564 oz of gold was recovered. The average head grade was 1.55 g/t Au and the...

Canadian Mining Journal Staff | October 6, 2015 | 4:19 pm

SILVER: Bayhorse reaches first stope, begins stockpiling

OREGON – Bayhorse Silver of Vancouver says it has reached the first stope in its 80% owned Bayhorse silver mine in the central part of the state. The first 95 tonnes of mineralized material has been stockpiled outside the adit.

Canadian Mining Journal Staff | October 6, 2015 | 4:18 pm

LIGHTING: Doosan offering new light towers

STATESVILLE, South Carolina – Doosan Portable Power has expanded its line of portable light towers with the introduction of two small body model light towers – the LSV6 and LSV8. Both include many of the same premium features and...

Canadian Mining Journal Staff | October 6, 2015 | 4:17 pm

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