Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD: Gowest to test mine Frankfield East

ONTARIO – Toronto-based junior Gowest Gold has announced plans to test mine the Frankfield East gold deposit next year. The deposit is part of the company's North Timmins project 50 km northeast of Timmins.

Canadian Mining Journal Staff | May 6, 2013 | 4:24 pm

GOLD: Maudore updates Vezza numbers

QUEBEC – Maudore Minerals of Montreal has updated the resource estimate for the Vezza gold project 25 km south of Matagami. The property was recently purchased from North American Palladium when that company divested all its gold...

Canadian Mining Journal Staff | May 6, 2013 | 4:22 pm

GOLD: Initial estimate for Farley Lake points toward 1-M oz

MANITOBA – Carlisle Goldfields of Toronto has released the initial resource estimate for the Farley Lake gold project, saying there may be over 1.0 million oz of contained gold in the indicated and inferred categories. The property is...

Canadian Mining Journal Staff | May 6, 2013 | 4:20 pm

IRON ORE: Worley Parsons wins Kami EPCM

LABRADOR – Alderon Iron Ore Corp. of Vancouver has awarded the engineering, procurement and construction management contract for its Kami iron ore project near Wabush to Worley Parsons Canada. The contract is estimated to be worth $92.5...

Canadian Mining Journal Staff | May 6, 2013 | 4:18 pm

Glencore Xstrata to focus on fiscal discipline, portfolio

VANCOUVER — It was not always a smooth transition, but roughly 12 months after the announcement Glencore International has solidified a US$29-billion takeover bid for Xstrata, with the merged company trading as Glencore Xstrata (GLEN-L)...

Canadian Mining Journal Staff | May 6, 2013 | 4:16 pm

FINANCE: Barrick Gold completes sales of $3-B securities

TORONTO – Just three days after they were offered, the sale of $3 billion (all US dollars) worth of debt securities offered by Barrick Gold has been completed. The securities included $650 million of 2.50% notes due in 2018, $1.5 billion...

Canadian Mining Journal Staff | May 2, 2013 | 4:21 pm

MERGER: GlencoreXstrata new name in minerals

SWITZERLAND – The US$30-billion, all-share takeover of Xstrata plc by Glencore International is compete, and the company businesses will go forward under the GlencoreXstrata plc banner. The merger was a year in the making as so many...

Canadian Mining Journal Staff | May 2, 2013 | 4:20 pm

COBALT: Formation stalls Idaho project

IDAHO – Formation Metals of Vancouver will not be proceeding at this time with the underground development of its Idaho cobalt project 40 km west of Salmon. Weak cobalt prices and turbulent financial markets over the past year were blamed...

Canadian Mining Journal Staff | May 2, 2013 | 4:18 pm

MINING PEOPLE: Alderon, Canstar, Kincora, and Premier Gold

Vancouver-based Alderon Iron Ore Corp. has named Brian Penney its new COO. He has extensive knowledge about the deposits of the Labrador Trough thanks to his many years with Iron Ore Company of Canada. He was most recently president and CEO of...

Canadian Mining Journal Staff | May 2, 2013 | 4:15 pm

South Africa searches for balance in mineral development

VANCOUVER — It has been a tumultuous year for the mining industry in South Africa, as volatile platinum markets and sociopolitical turmoil highlight the question of just what the nation's government can do going forward to balance the...

Canadian Mining Journal Staff | May 2, 2013 | 4:13 pm

AWARD: Nemaska Lithium wins technology prize

QUEBEC CITY – Nemaska Lithium has won first place in the Strategic Investment category at the sixth Gala des societies en Bourse 2013 held last month. The award recognizes the importance of investments in infrastructure, R&D or...

Canadian Mining Journal Staff | May 1, 2013 | 4:10 pm

GOLD: Tests of Lamaque sample recovery 98% of gold

QUEBEC – Integra Gold Corp. of Vancouver says phase one metallurgical tests of samples from the North Cluster at its Lamaque project in Val d'Or achieved gold recoveries of 98%. Samples from the South Cluster yielded 92% recovery.

Canadian Mining Journal Staff | May 1, 2013 | 4:08 pm

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