Canadian Mining Journal Staff

AFFILIATION: Inmet joins ICMM

TORONTO – Inmet Mining has joined the International Council on Mining and Metals, an organization focused on improving sustainable development performance. As part of its membership, the company will be required to issue public report...

Canadian Mining Journal Staff | May 17, 2012 | 4:58 pm

Inmet finances Cobre Panama under majority ownership

VANCOUVER — Toronto-based major Inmet Mining has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it shoulder...

Canadian Mining Journal Staff | May 17, 2012 | 4:57 pm

COAL STUDY: Xstrata, JX Nippon commit $35-M to Suska pre-feasibility

BRITISH COLUMBIA – Joint venture partners Xstrata Coal Canada and JX Nippon Oil and Energy stated their intention to proceed with the $35-million pre-feasibility study of the Suska coal project, located between Tumbler Ridge and Chetwynd....

Canadian Mining Journal Staff | May 16, 2012 | 5:00 pm

NICKEL MINING: Bucko Lake operations suspended

MANITOBA – The provincial Workplace Safety and Health Division has issued a stop work order to cease blasting operations at the Bucko Lake nickel mine belonging to CaNickel Mining of Vancouver. The company is co-operating fully. The order...

Canadian Mining Journal Staff | May 16, 2012 | 4:59 pm

COPPER STUDY: Reed PFS looks at 1,300 t/d longhole open stoping

MANITOBA – The pre-feasibility study of the Reed copper deposit near Snow Lake demonstrates that indicated resources can be converted to reserves and that production by longhole open stoping at a rate of 1,300 t/d is economically viable....

Canadian Mining Journal Staff | May 16, 2012 | 4:58 pm

MINING PEOPLE IN THE NEWS: High River Gold, KGHM International and Shore Gold

High River Gold of Toronto has named Yury Lopukhin its new CEO and Greorgy Smirnov its CFO. Lopukhin is also the senior financial manager at Severstal Gold, a subsidiary of Nord Gold, High River's controlling shareholder.

Canadian Mining Journal Staff | May 16, 2012 | 4:57 pm

Updated: Hana plunges on Ghanzi scoping study

VANCOUVER — Hana Mining's share price dropped 68% after the company released a long-awaited first economic study on the Banana Zone and Zone 5 at its 70%-owned Ghanzi project in Botswana.

Canadian Mining Journal Staff | May 16, 2012 | 4:56 pm

PERSPECTIVE: The cost of moving Pebble forward

I know an engineer who says anything is possible if you throw enough money at it. The costs associated with the development of the Pebble copper-gold-molybdenum project in Alaska come to mind when thinking in this vein.

Canadian Mining Journal Staff | May 15, 2012 | 5:00 pm

GOLD EXPLORATION: Casa Berardi mine yields more stacked lenses

QUEBEC – The exploration drilling program undertaken by Aurizon Mines of Vancouver at its Casa Berardi gold mine 65 km north of La Sarre has identified additional stacked lenses. The program was undertaken to improve the quality of the...

Canadian Mining Journal Staff | May 15, 2012 | 4:59 pm

MINERAL PROCESSING: Trevali to acquire Maple Minerals and Caribou mill

NEW BRUNSWICK – Trevali Mining Corp. of Vancouver and Maple Minerals have agreed to an business combination whereby Trevali is offering to issue 20 million common share and 4 million share purchase warrants to Maple, a deal that has an...

Canadian Mining Journal Staff | May 15, 2012 | 4:58 pm

Hana sets out financials for Ghanzi project

Hana Mining has released the first economic study on its Banana zone and zone 5 at its 70%-owned Ghanzi project in Botswana.

Canadian Mining Journal Staff | May 15, 2012 | 4:57 pm

FINANCING: HudBay to issue notes worth $400-M

TORONTO – HudBay Minerals has announced its intention to offer senior unsecured notes in the aggregate principal amount of US$400 million. They will be due in 2020. The company’s brief news release said it intends to use the...

Canadian Mining Journal Staff | May 14, 2012 | 5:00 pm

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