Canadian Mining Journal Staff

Barrick slides on management changes

Barrick Gold took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead for the miner.

Canadian Mining Journal Staff | June 7, 2012 | 4:56 pm

GLOBAL TREND: Mining racks up record profits in 2011, market cap down 25% says PwC report

Despite record profits of US$133 billion in 2011, market capitalization of the Top 40 global mining companies fell by 25%, according to the latest PwC report, Mine 2012:The growingdisconnect. In fact, only six companies out of the Top 40 global...

Canadian Mining Journal Staff | June 6, 2012 | 5:00 pm

GOLD STUDY: Hosco deposit hosts 1.66M oz at Joanna project

QUEBEC – Aurizon Mines of Vancouver has received a positive feasibility study confirming the Hosco deposit at the Joanna project 20 km east of Rouyn-Noranda hosts 1.66 million oz of gold. The study was prepare by BBA Inc. with...

Canadian Mining Journal Staff | June 6, 2012 | 4:59 pm

GOLD RESOURCE: Timmins Porcupine West 43-101 updated

ONTARIO – Explor Resources, with head offices in Rouyn-Noranda, QC, has updated the 43-101 estimate for its Timmins Porcupine West gold property located in Bristol and Ogden townships, 15 km from downtown Timmins. Contained gold in the...

Canadian Mining Journal Staff | June 6, 2012 | 4:58 pm

FUNDING: Lack of funds forces closure of BC Aboriginal Mine Training Association

VANCOUVER - After two and a half years of supplying job-ready candidates to British Columbia's mining sector amid growing labour shortages, the British Columbia Aboriginal Mine Training Association is being forced to close after failing to...

Canadian Mining Journal Staff | June 6, 2012 | 4:57 pm

AWARD: Westeel wins product of year honour

WINNIPEG - Westeel, one of Canada’s foremost manufacturers of steel storage products, has won the award for Shop Fabricated Atmospheric Tank of the year from the Steel Tank Institute/Steel Plate Fabricators Association. The 2011 Product...

Canadian Mining Journal Staff | June 6, 2012 | 4:56 pm

Kivalliq looking to establish uranium district in Nunavut

VANCOUVER — Kivalliq Energy is cashed-up and moving forward with an ambitious exploration program on its 1,000-km2 Angilak property in Nunavut.

Canadian Mining Journal Staff | June 6, 2012 | 4:55 pm

PERSPECTIVE: EI or the mines?

Bob Katter, who is running for the job of premier in Australia’s Queensland state, said if he were premier he would set up programs to train 40,000 unskilled workers for mining jobs, and unemployed people who refused to retrain as miners...

Canadian Mining Journal Staff | June 5, 2012 | 5:01 pm

MINING TRENDS: Canada tops list for mining deals says Ernst & Young

VANCOUVER - Canada topped the global mining and metals sector as the number one target destination by total deal value in Q1 2012, says Ernst & Young.

Canadian Mining Journal Staff | June 5, 2012 | 5:00 pm

IRON ORE DEVELOPMENT: Kami to generate $2.0-B in tax revenue for NL

LABRADOR – Vancouver-based Alderon Iron Ore says its Kamistiatusset (Kami) iron ore project will generate $2.0 billion in tax revenues for the province of Newfoundland and Labrador. These and other long term benefits to the province were...

Canadian Mining Journal Staff | June 5, 2012 | 4:59 pm

MINERAL PROCESSING: Mill failure at Rice Lake

MANITOBA – San Gold Corp. of Winnipeg announced on June 4, 2012, that the mill at its Rice Lake mining complex in Bissett has been temporarily interrupted due to the failure of a ball mill pinion and related damage to the ball mill motor....

Canadian Mining Journal Staff | June 5, 2012 | 4:58 pm

NEW TECHNOLOGY: Westport, Caterpillar to develop natural gas technology for off-road equipment

VANCOUVER - Westport Innovations, a global leader in natural gas engines, has signed agreements with Caterpillar of Peoria, IL, to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives. Caterpillar...

Canadian Mining Journal Staff | June 5, 2012 | 4:57 pm

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