Canadian Mining Journal Staff

GOLD: Barrick continues to shed non-core assets

TORONTO – Barrick Gold continues to shed non-core assets as it attempts to reduce its corporate debt by US$3 billion this year. The latest project to get the boot is the Gold Ridge exploration project in Nevada.

Canadian Mining Journal Staff | May 19, 2015 | 4:10 pm

GOLD: Goldcorp named to NASDAQ sustainability index

VANCOUVER – Goldcorp has been named to the semi-annual re-ranking of the NASDAQ OMX CRD Global Sustainability Index for the second consecutive time. The listing recognizes Goldcorp as one of the world's top 100 companies for...

Canadian Mining Journal Staff | May 19, 2015 | 4:09 pm

ZINC: Mill commissioning begins at Caribou mine

NEW BRUNSWICK – Trevali Mining Corp. of Vancouver has begun the mill commissioning process at its 3,000-t/d Caribou zinc mine in the Bathurst Mining Camp. The company replaced, repaired or refurbished all key mill circuits in preparation...

Canadian Mining Journal Staff | May 19, 2015 | 4:07 pm

NICKEL: Second fatality at Ambatovy this year

MADAGASCAR – Sherritt International Corp. has reported a second death this year at the Ambatovy joint venture. The most recent incident occurred on May 16, 2015. An ore stockpile failure occurred, and the loose material completely buried...

Canadian Mining Journal Staff | May 19, 2015 | 4:06 pm

PARTNERSHIP: Jannatec joins Ultra-Deep Mining Network

SUDBURY, Ontario - Jannatec Technologies, developer of fully connected, wearable gear that that will improve the health of the miners as they go deeper underground, has joined the Ultra-Deep Mining Network (UDMN).

Canadian Mining Journal Staff | May 19, 2015 | 4:05 pm

Agnico invests in juniors Belo Sun, Pershimco

Belo Sun Mining (TSX: BSX; US-OTC: VNNHF) got a welcomed boost after Agnico Eagle Mines (TSX: AEM; NYSE: AEM) said it would buy a 17.4% interest in the junior for $15 million.

Canadian Mining Journal Staff | May 19, 2015 | 4:02 pm

GOLD: Long and strong grades from Metanor’s Bachelor mine

QUEBEC – Metanor Resources, based in Val d'Or, QC, has intersected 12.24 g/t Au over 4.0 metres in an area between the Hewfran and Bachelor sectors.

Canadian Mining Journal Staff | May 14, 2015 | 4:26 pm

GOLD: Rubicon secures US$50M loan as Phoenix production nears

ONTARIO – Rubicon Minerals Corp. of Toronto has secured a US$50 million loan for its Phoenix gold project in the Red Lake camp. CPPIB Credit Investments, a subsidiary of Canada Pension Plan Investment Board, is advancing the funds until...

Canadian Mining Journal Staff | May 14, 2015 | 4:25 pm

VANADIUM: Largo bumps up Menchen financing to $70M

BRAZIL – Largo Resources of Toronto has bumped up the financing for the Menchen vanadium project to $70 million. When the company announced the private placement a week ago, it sought to raise $50 million.

Canadian Mining Journal Staff | May 14, 2015 | 4:24 pm

NICKEL: Glencore, Barrick to unload Kabanga project

TANZANIA – According to reports appearing in both the Wall Street Journal and Metal Bulletin, partners Barrick Gold (50%) and Glencore (50%) are hoping to sell their Kabanga nickel exploration project. The project is at the feasibility...

Canadian Mining Journal Staff | May 14, 2015 | 4:23 pm

MINING PEOPLE: Los Andes Copper, Manitou Gold, and Pretium

Vancouver-based Los Andes Copper named Antony Amberg its president and CEO. He is a geologist with a degree from the Royal School of Mines, London, has an MSc from University College and is also a chartered geologist with the Geological Society...

Canadian Mining Journal Staff | May 14, 2015 | 4:20 pm

Southern Copper rejects bribery accusations

In the latest drama unfolding at Southern Copper Corp.’s (NYSE: SCCO; LSE: SCCO) embattled Tia Maria project in Peru, the company has dismissed allegations that a lawyer, who used to work for the company, tried to bribe protestors on...

Canadian Mining Journal Staff | May 14, 2015 | 4:18 pm

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