Canadian Mining Journal Staff, Author at Canadian Mining Journal

FINANCING: Franco-Nevada closes US$500M bought deal

TORONTO – Franco-Nevada Corp. is bulking up its treasury thanks to a bought deal financing that will bring in half-a-billion dollars, at least. The company closed a deal whereby it issued 8.38 million common shares at a price of US$59.75...

Canadian Mining Journal Staff | August 21, 2014 | 4:17 pm

GOLD: Dufferin mine continues to ramp up

NOVA SCOTIA – Ressources Appalaches of Rimouski, QC, says the mill at its Dufferin gold mine has almost reached nameplate capacity – 245 out of 300 t/d – during the first two weeks of August. Production has been steadily...

Canadian Mining Journal Staff | August 21, 2014 | 4:15 pm

FIRED UP: Barrick supplies turnout gear for volunteer firefighters

NEVADA – Recent reports in the Elko Daily Free Press says Barrick Gold has donated new turnout gear for the Spring Creek volunteer firefighters. Each set includes jacket, pants, boots, helmet with lights, and pockets for flashlights and...

Canadian Mining Journal Staff | August 21, 2014 | 4:13 pm

MINING PEOPLE: Belo Sun, China Gold, Great Panther, and Riverside Resources

Belo Sun Mining Corp. has strengthened its management team with the addition of Peter Tagliamonte as president and CEO replacing Mark Eaton who has become executive chairman. Joseph Milbourne has joined the company as VP of technical services....

Canadian Mining Journal Staff | August 21, 2014 | 4:11 pm

Price tag for Duluth’s Twin Metals project nears US$3B

The release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint venture project in Minnesota will cost a hefty US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by...

Canadian Mining Journal Staff | August 21, 2014 | 4:10 pm

SAFETY: ICMM totals numbers for 22 member companies

LONDON, UK – The International Council on Mining and Metals (ICMM) has for the first time published aggregated safety data from its 22 member companies for 2012 and 2013. Because reporting safety varies depending on where an operation...

Canadian Mining Journal Staff | August 20, 2014 | 4:13 pm

GRAPHENE: Grafoid officially opens plant in Kingston

ONTARIO – Grafoid Inc., headquartered in Ottawa, has officially opened its high purity, high energy density graphene facilities in Kingston. The company marked the occasion with the re-launch of its updated website Grafoid.com.

Canadian Mining Journal Staff | August 20, 2014 | 4:11 pm

SILVER: Fortune raises $36M and rejigs the Revenue mine purchase

COLORADO – Fortune Minerals of London, ON, has executed term sheets with Lascaux Resource Capital Fund to provide US$35 million to finance the acquisition of the remaining interest in the Revenue silver mine. Fortune will repay the amount...

Canadian Mining Journal Staff | August 20, 2014 | 4:10 pm

BHP plans spinoff to focus on ‘four pillars’

With a spinoff of its aluminum, manganese, nickel, silver and some of its coal assets, BHP Billiton (LSE: BLT; ASX: BHP) is going back to basics in a drive to simplify its portfolio.

Canadian Mining Journal Staff | August 20, 2014 | 4:09 pm

DIAMONDS: Dominion Diamond’s tonnage, recovery up for first six months

TORONTO – DominionDiamond Corp. reports large increases in tonnage treated and carats recovered for the six months ending July 31, 2014. The company owns and operates the Ekati diamond mine and is the 60% owner of the Diavik diamond mine,...

Canadian Mining Journal Staff | August 19, 2014 | 4:16 pm

COPPER-GOLD: Kaizen welcomes Japanese partner for Aspen Grove exploration

BRITISH COLUMBIA – Vancouver's Kaizen Discovery has signed a strategic partnership with Itochu Corp. of Japan for the exploration of Kaizen's newly acquired Aspen Grove copper-gold porphyry property. Itochu is providing $4 million in...

Canadian Mining Journal Staff | August 19, 2014 | 4:14 pm

GOLD: Roxgold receives approvals for Yaramoko project

BURKINA FASO – Roxgold Inc. of Toronto has received approvals of both its environmental and social impact studies from the government of Burkina Faso. The company calls the event a "milestone" in the permitting process for its Yaramoko...

Canadian Mining Journal Staff | August 19, 2014 | 4:13 pm

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