Canadian Mining Journal Staff

Fission Uranium CEO discusses the PLS discovery – and rumours of another takeover

Fission Uranium (TSXV: FCU) has been one of the few exploration companies that has excited investors this year. As a result, it's seen its share price nearly triple. Following Denison Mines’ (TSX: DML; NYSE-MKT: DNN) buyout of its...

Canadian Mining Journal Staff | August 22, 2013 | 4:21 pm

COPPER: Ore pad, refuge station readied at Reed project

MANITOBA – Word comes from 30% joint venture partner VMS Ventures of Vancouver that work is progressing at the Reed copper project near Flin Flon. During July construction of the surface ore pad and excavation of the 60-metre level refuge...

Canadian Mining Journal Staff | August 21, 2013 | 4:08 pm

LITHIUM: Quebec plant commissioning suspended for three weeks

QUEBEC – Canada Lithium Corp. of Toronto has suspended commissioning at the Quebec lithium processing plant near Val d'Or. The company said the move was planned and will allow maintenance and upgrading of certain circuits in the plant. An...

Canadian Mining Journal Staff | August 21, 2013 | 4:07 pm

MINING PEOPLE: African Barrick, Caledonia Mining, Canada Lithium, Nickel Institute, and Stornoway

African Barrick Gold of London, UK, has named Bradley A. Gordon as its new chief executive, succeeding Greg Hawkins who has resigned to pursue other opportunities. Gordon was previously the CEO of Intrepid Mines.

Canadian Mining Journal Staff | August 21, 2013 | 4:03 pm

Glencore Xstrata latest to catch the write-down bug

Even being a super heavyweight in the commodities business couldn’t protect Glencore Xstrata (LON: GLEN) from the write-down virus currently making its way through the mining industry.

Canadian Mining Journal Staff | August 21, 2013 | 4:02 pm

POTASH: BHP Billiton to pour $2.6B into Jansen

SASKATCHEWAN – Despite uncertainty over the future price of potash, BHP Billiton has announced plans to go ahead with a US$2.6-billion investment in its Jansen potash project 140 km east of Saskatoon.

Canadian Mining Journal Staff | August 20, 2013 | 4:12 pm

INDUSTRIAL MINERALS: CFI finds new, high grade fluorspar vein

NEWFOUNDLAND – Canada Fluorspar Inc. (CFI) said three holes drilled on its Grebes Nest property have extended the strike of the vein system more than 1.3 km. Hole 13-21 returned an average grade of 71.39% CaF2 over 17.01 metres. Hole...

Canadian Mining Journal Staff | August 20, 2013 | 4:10 pm

GOLD: B2Gold makes US$225M offer

VANCOUVER – B2Gold Corp. is issuing US$225-million worth of convertible senior subordinated notes due in 2018. They will bear an annual interest rate of 3.25% annually. The initial purchasers will also be granted an over allotment...

Canadian Mining Journal Staff | August 20, 2013 | 4:09 pm

LANTERN: Rugged new LED light from Pelican

EDMONTON -  Pelican Products has introduced the rugged 9415 LED lantern as the safety approved version of its most powerful hand held lighting tool ever. 

Canadian Mining Journal Staff | August 20, 2013 | 4:05 pm

Calibre soars on trenching results

It’s a bit unusual these days to see a company’s share price more than double on strong trenching results. But this is precisely what happened when Calibre Mining (TSXV: CXB) released additional trenching samples from its wholly...

Canadian Mining Journal Staff | August 20, 2013 | 4:02 pm

GOLD: Wesdome cuts two new zones at Eagle River

ONTARIO – Toronto-based Wesdome Gold Mines says early results from its deep drilling program at the Eagle River gold mine 50 km west of Wawa point toward two new mineralized structures. The purpose of the drilling is to confirm the...

Canadian Mining Journal Staff | August 19, 2013 | 3:47 pm

GOLD: Elder ore processed at Sleeping Giant mill

ONTARIO – Abcourt Mines of Mont-St-Hilaire, QC, has signed an agreement with Aurbec Mines, a subsidiary of Maudore Minerals, for the treatment of ore from Abcourt's Elder gold mine at the Sleeping Giant mill.

Canadian Mining Journal Staff | August 19, 2013 | 3:45 pm

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