Canadian Mining Journal Staff

COAL: Low prices push Alpha Natural, Optimum over edge

UNITED STATES and SOUTH AFRICA – Alpha Natural Resources, a large US coal producer with head offices in Virginia, has filed for Chapter 11 bankruptcy. The bad news is not confined to this continent, either. Glencore subsidiaries Optimum...

Canadian Mining Journal Staff | August 4, 2015 | 4:19 pm

NICKEL: Royal Nickel signs MOU for EPC proposal at Dumont project

QUEBEC – Toronto-based Royal Nickel Corp. is moving slowly toward production at its Dumont nickel project 25 km west of Amos. The company has signed a memorandum of understanding with Duro Felguera and Ausenco Canada for their partnership...

Canadian Mining Journal Staff | August 4, 2015 | 4:17 pm

GOLD: Banks Island suspends mining at Yellow Giant

BRITISH COLUMBIA – Banks Island Gold of Vancouver suspended mining at its Yellow Giant gold mine on Banks Island on July 31, 2015. The company says the property will remain on care and maintenance until permitting and regulatory issues...

Canadian Mining Journal Staff | August 4, 2015 | 4:13 pm

COPPER: Antofagasta to buy half of Zaldivar mine from Barrick

TORONTO – Barrick Gold has agreed to sell a 50% interest in its Zaldivar copper mine in Chile to Antofagasta Plc for a slightly more than US$1 billion in cash. The decision followed a highly competitive auction process that involved some...

Canadian Mining Journal Staff | August 4, 2015 | 4:12 pm

CRUSHER: New C-1545 from Terex high capacity cone crusher

LOUISVILLE, Kentucky – There is a new cone crusher on the market, the Terex® Finlay C-1545 for high capacity applications. The manufacturer says this unit consistently provides high output capacity.

Canadian Mining Journal Staff | August 4, 2015 | 4:10 pm

Centerra swings back into profit

Centerra Gold (TSX: CG) posted a profit in the second quarter, amid a sea of red for gold miners hurt by lower commodity prices.

Canadian Mining Journal Staff | August 4, 2015 | 4:09 pm

NICKEL: Royal Nickel’s Dumont project gets environmental nod

QUEBEC – The federal government has made a positive environmental decision for the Dumont nickel project 25 km west of Amos. The Minister of Environment determined that the project is not likely to cause significant environmental effects.

Canadian Mining Journal Staff | July 30, 2015 | 4:18 pm

LITHIUM: Nemaska granted environment okay for Whabouchi project

QUEBEC – Nemaska Lithium of Quebec city has been granted a positive federal environmental assessment decision for its Whabouchi lithium project 300 km northwest of Chibougamau. The company expects to receive its provincial government...

Canadian Mining Journal Staff | July 30, 2015 | 4:17 pm

GOLD: OceanaGold-Romarco fusion to create low cost producer

MELBOURNE, Australia, and TORONTO – OceanaGold Corp. and Romarco Minerals have agreed to a deal that will see OceanaGold acquire all of the issued and outstanding Romarco common shares. The all-share deal puts a value of about C$856...

Canadian Mining Journal Staff | July 30, 2015 | 4:16 pm

OIL SANDS: Suncor pumps up bitumen numbers in Q2

ALBERTA – Suncor Energy, headquartered in Calgary, generated cash flows in excess of $2.1 billion in Q2 2015, despite the recent drop in crude oil prices. Earnings were in the black, too. The operating figure was $906 million ($0.63 per...

Canadian Mining Journal Staff | July 30, 2015 | 4:14 pm

MINING PEOPLE: Apogee Silver, Energizer, Excellon, Red Pine, and Sierra Metals

There have been two significant management changes at Apogee Silver of Toronto. Fred Leigh is now CEO, and Neil Said is corporate secretary.

Canadian Mining Journal Staff | July 30, 2015 | 4:11 pm

First Majestic looks to snatch SilverCrest

First Majestic Silver (TSX: FR; NYSE: AG) is buying SilverCrest Mines (TSX: SVL) in a largely all-share, $154-million deal to bulk up its treasury and asset base. 

Canadian Mining Journal Staff | July 30, 2015 | 4:10 pm

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