Canadian Mining Journal Staff, Author at Canadian Mining Journal

UNDERSEA MINING: Nautilus signs off take agreement for Solwara 1

PAPUA NEW GUINEA – In 2005 Nautilus Minerals of Vancouver set it sights on finding gold-copper massive sulphide deposits on the seafloor and mining them. That dream is a giant step closer since Nautilus signed an off take agreement with...

Canadian Mining Journal Staff | April 23, 2012 | 4:58 pm

Tin and silver – the new electric metals

Historic high prices for tin and silver are in the cards between now and 2018 as demand for the two metals in solder used in the electronics industry continues to climb and supply fails to keep pace, Jon Hykawy, head of global research at Byron...

Canadian Mining Journal Staff | April 23, 2012 | 4:57 pm

FINANCING: $640M promised for Kitsault moly mine

BRITISH COLUMBIA – Avanti Mining of Vancouver has signed a mandate letter with five lenders for up to $640 million to be used to develop the Kitsault molybdenum mine 140 km northeast of Prince Rupert. The key terms are $560 million senior...

Canadian Mining Journal Staff | April 19, 2012 | 5:00 pm

GOLD RESOURCE: Northern Gold boosts Garrcon estimate

ONTARIO – Toronto-based Northern Gold Mining is spreading the word that the updated resource estimate for its Garrcon gold deposit near Kirkland Lake contains material in the measured category for the first time. The tally: 604,000 oz in...

Canadian Mining Journal Staff | April 19, 2012 | 4:59 pm

IRON-TITANIUM RESOURCE: Fancamp gets Magpie numbers

QUEBEC – Fancamp Exploration of Vancouver has received the first 43-101-compliant in-pit mineral resource estimate for the Magpie No.2 deposit from P&E Mining Consultants. The report puts 635.2 million tonnes at 42.49% Fe and 11.20%...

Canadian Mining Journal Staff | April 19, 2012 | 4:58 pm

MINING PEOPLE IN THE NEWS: AuRo Resources, Castle Peak, Firestone Ventures, NSGold, Pershimco, and Wesgold

The new VP exploration at Vancouver-based AuRo Resources is John Buckle, who has played key roles in major discoveries such as Ekati, Voisey’s Bay, Collahuasi and El Domo throughout the Americas.

Canadian Mining Journal Staff | April 19, 2012 | 4:57 pm

First Nickel aims to use Lockerby as a launching pad

VANCOUVER — It’s been a long haul for Toronto-based developer First Nickel as it strives to revive commercial production at its Lockerby nickel-copper mine outside of Sudbury, ON.

Canadian Mining Journal Staff | April 19, 2012 | 4:56 pm

PERSPECTIVE: Harper hits right balance between resources and environment

Prime Minister Stephen Harper appeared to hit the right balance between environmental protection and mine development in the speech he delivered on April 14, 2012, at the Summit of the Americas in Cartagena, Colombia.

Canadian Mining Journal Staff | April 18, 2012 | 5:00 pm

BUY-OUT: Northcliff buys out Sisson partner Geodex

NEW BRUNSWICK – Northcliff Resources of Vancouver has offered to buy the 30% interest owned by Geodex Minerals of Vancouver in the Sisson tungsten-molybdenum project 60 km northwest of Fredericton. Northcliff is offering $1 million in...

Canadian Mining Journal Staff | April 18, 2012 | 4:59 pm

TALC-MAGNESITE STUDY: Globex files PEA for Timmins project

ONTARIO – Globex Mining of Rouyn-Noranda, QC, has filed on SEDAR the preliminary economic assessment for its Timmins Talc-Magnesite (TTM) project in Deloro Twp. The project is expected to generate approximately $2.58 billion in gross...

Canadian Mining Journal Staff | April 18, 2012 | 4:58 pm

MINE DEVELOPMENT: Rio Tinto to finance Oyu Tolgoi, Friedland steps down from Ivanhoe

MONGOLIA - Rio Tinto of London, UK, has agreed to support and provide certain funding for the completion of Ivanhoe Mines’ Oyu Tolgoi copper-gold project near the Chinese border. In return, Ivanhoe has shuffled its board and management....

Canadian Mining Journal Staff | April 18, 2012 | 4:57 pm

First resource for Cliffs’ and First Point’s Decar

VANCOUVER — A maiden resource estimate on Cliffs Natural Resources’ and First Point Minerals’ Decar project in northern British Columbia has put almost 3 billion lb of nickel in the ground.

Canadian Mining Journal Staff | April 18, 2012 | 4:56 pm

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