Canadian Mining Journal Staff, Author at Canadian Mining Journal

FINANCING: Canada Lithium to raise $30-M for Quebec project

QUEBEC – Canada Lithium of Toronto is raising $30 million with which to fund some of the construction at its Quebec lithium project 60 km north of Val d’Or. The company will issue 83.3 million common shares priced at $0.36 each. The...

Canadian Mining Journal Staff | May 24, 2012 | 5:00 pm

REE STUDY: Ashram deposit shows robust economics

QUEBEC – The preliminary economic assessment of the Ashram rare earth element deposit at the Eldor project in the northern part of the province shows what owner Commerce Resources of Vancouver calls “robust economics.” The...

Canadian Mining Journal Staff | May 24, 2012 | 4:59 pm

ACQUISITION: Marathon looks to Mountain Lake

TORONTO – Marathon Gold Corp. has agreed to acquire all of the outstanding common shares of Mountain Lake Resources. The transaction will consolidate Marathon’s and Mountain Lake’s 50% interests in the Valentine Lake gold...

Canadian Mining Journal Staff | May 24, 2012 | 4:58 pm

TAKEOVER: Norilsk announces play for Asian Mineral Resources

TORONTO –Russian giant MMC Norilsk Nickel has announced its intention to make an all-cash takeover bid through a subsidiary for Asian Mineral Resources (AMR). Norilsk says it will offer $0.11 per share, a price said to be 69% over the...

Canadian Mining Journal Staff | May 24, 2012 | 4:57 pm

ELECTRIC VEHICLES: Underground safety confirmed

SASKATOON - PapaBravo’s electric underground vehicles have officially been approved by the Saskatchewan Occupational Health & Safety Commission for use underground. OH&S evaluated the design and manufacturing of PapaBravo...

Canadian Mining Journal Staff | May 24, 2012 | 4:56 pm

Labrador Iron Mines: Canada’s newest iron ore producer

VANCOUVER — Toronto-based Labrador Iron Mines is first out of the gate as the race is on to cash in on Canada’s reinvigorated iron ore hotspot in the Labrador Trough district. Labrador Iron is one of a handful of Canadian developers...

Canadian Mining Journal Staff | May 24, 2012 | 4:55 pm

PERSPECTIVE: Federal government moves quickly to end rail strike

Our federal government looks to be moving quickly toward back-to-work legislation to end the strike that began at CP Rail today. The item has been added to the notice paper, and the only thing slowing down its passage is the fact that...

Canadian Mining Journal Staff | May 23, 2012 | 5:00 pm

DIAMOND DEVELOPMENT: Stornoway plunks down $28.4-M for pre-development at Renard

QUEBEC – Stornoway Diamond Corp. of Vancouver has announced it will spend $28.4 million at its wholly owned Renard diamond project for pre-development activities. The company’s board approved a $28.4-million budget to cover detailed...

Canadian Mining Journal Staff | May 23, 2012 | 4:59 pm

SHIPPING: Cardero, Ridley Terminals reach deal for Carbon Creek coal

BRITISH COLUMBIA – Vancouver-based Cardero Resource Corp. and Ridley Terminals have agreed on terms for the shipment of metallurgical coal from the Carbon Creek project in the Peace River Coal Field.

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

MINING PEOPLE IN THE NEWS: Bolero Resources, Brigadier Gold, Finning, MSABC, and Zazu Metals

Paul Ogilvie, former CEO of Mega Graphite, has been appointed the CEO of Bolero Resources of Vancouver. Former Bolero president and CEO R. Bruce Duncan has stepped aside, taking the role of executive chairman instead.

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

PNEUMATICS: Festo names Seaway Fluid Power new distributor

MISSISSAUGA, Ontario - Festo Inc. has appointed Seaway Fluid Power Group (SFPG) of St. Catharines, ON, an authorized stocking distributor for Festo’s pneumatic product offering. SFPG was founded in 1976 and is now established as the...

Canadian Mining Journal Staff | May 23, 2012 | 4:56 pm

Canada’s rise as an energy superpower

Canada is rapidly becoming recognized as one of the world’s energy superpowers. Canada is now the leading foreign supplier of oil to the United States, delivering nearly twice as much each year as Saudi Arabia, and 90% of natural gas...

Canadian Mining Journal Staff | May 23, 2012 | 4:55 pm

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