Canadian Mining Journal Staff

SILVER-ZINC-LEAD MINING: Bellekeno production resumes after wildfire

YUKON – Alexco Resource Corp. of Vancouver says full production has resumed at its Bellekeno silver-zinc-lead project at Keno City. On Friday, June 22, 2012, a lightning strike triggered a fire 2 km from town and the company’s mill...

Canadian Mining Journal Staff | June 25, 2012 | 5:00 pm

ENVIRONMENT: Vale breaks ground for Clean AER project

ONTARIO – Joined by Ontario Premier Dalton McGuinty, government cabinet ministers, community leaders, local residents and employees, Vale officially broke ground on its $2-billion Clean AER project, what the company calls one of the...

Canadian Mining Journal Staff | June 25, 2012 | 4:59 pm

NICKEL STUDY: Royal Nickel files revised Dumont PFS

QUEBEC – Toronto-based Royal Nickel has filed a revised preliminary feasibility study for its Dumont nickel project 25 km from Amos. The updated study postulates an after tax net present value of $1.4 billion, up 31% from the PFS filed...

Canadian Mining Journal Staff | June 25, 2012 | 4:58 pm

MINING PEOPLE IN THE NEWS: Eldorado Gold, Kirkham Geosystems, Mining Association of Canada, and Yukon-Nevada Gold

Eldorado Gold of Vancouver has named Norm Pitcher to the position of president and Paul Skayman to the position of COO. Paul Wright will continue his role as CEO.

Canadian Mining Journal Staff | June 25, 2012 | 4:57 pm

IamGold to sell Quimsacocha

Shares of INV Metals surged 46% to 16¢ on news the Toronto-based company plans to acquire the Quimsacocha gold project in Ecuador from IamGold in a move INV hopes will take it from a junior exploration company to an advanced stage...

Canadian Mining Journal Staff | June 25, 2012 | 4:56 pm

Mount Klappan deposit gets closer to reality

End of the line is a phrase usually associated with railroads and not necessarily mining, but for Fortune Minerals Limited (Fortune) of London, ON, those words describe the location of its Mount Klappan project and the "start" of something...

Canadian Mining Journal Staff | June 25, 2012 | 4:02 pm

PERSPECTIVE: Bright future for mining just around corner, but challenges remain

In an international report released this week by The Mining Recruitment Group, 140 mining executives from around the world revealed their outlook on the strength and viability of the sector over the short and long terms in addition to the...

Canadian Mining Journal Staff | June 21, 2012 | 5:00 pm

ENVIRONMENT: Bonanza Ledge mining okayed

BRITISH COLUMBIA – Barkerville Gold Mines of Vancouver has received all necessary approvals to begin preparations for mining and milling at the Bonanza Ledge mine near Wells and QR mill near Quesnel. On June 12, 2012, the amended permit...

Canadian Mining Journal Staff | June 21, 2012 | 4:59 pm

FINANCING: Auriga Gold signs US$23M term sheet for Maverick project

MANITOBA – Auriga Gold Corp. of Toronto has entered into a non-binding term sheet with a private, institutional investor with regard to a US$23-million gold prepay agreement. The money will be used to refurbish and develop the Puffy mine...

Canadian Mining Journal Staff | June 21, 2012 | 4:58 pm

PATENT PENDING: U3O8 files application for recovery of uranium, phosphate, vanadium and rare earths

TORONTO – U3O8 Corp. and its associate, Sulphide Resource Processing, have filed an international patent application for a two-step metallurgical process using an initial ferric iron leach followed by an acid wash that was developed for...

Canadian Mining Journal Staff | June 21, 2012 | 4:57 pm

Louis Dreyfus to litigate against Baja Mining

Nearly two months after Baja Mining initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus Commodities Metals...

Canadian Mining Journal Staff | June 21, 2012 | 4:56 pm

GUEST PERSPECTIVE: Is constant change the new status quo in the global economy?

A financial expert presented, in an address to Ontario Mining Association directors, changing social and economic forces that are altering markets for their products and services in the future world. Gareth Watson, VP of investment management...

Canadian Mining Journal Staff | June 20, 2012 | 5:00 pm

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