Canadian Mining Journal Staff, Author at Canadian Mining Journal

PERSPECTIVE: Rising metal prices, rising mining industry payments to government

Canadian miners are excellent at turning rising commodity prices into activity in every sector of the industry. For most companies, their activity puts their earnings well into the black. Riding on their coattails are the federal, provincial...

Canadian Mining Journal Staff | August 4, 2011 | 5:01 pm

GOLD RESOURCES: First numbers for Maverick contain over 730,000 oz

MANITOBA - There may be over oz of contained gold in all categories at the Maverick gold project, that includes the former Puffy Lake mine and the adjacent Nokomis property. The property, located 50 km northeast of Flin Flon, is owned by Auriga...

Canadian Mining Journal Staff | August 4, 2011 | 5:00 pm

GOLD DEVELOPMENT: $428 million deal enough to complete Detour Lake mine

ONTARIO - Detour Gold of Toronto has completed a bought deal financing worth $428 million with which to finish construction at its Detour Lake gold mine 185 km northeast of Cochrane. The underwriters, led by BMO Capital Markets and TD...

Canadian Mining Journal Staff | August 4, 2011 | 4:59 pm

NICKEL-COPPER DEVELOPMENT: Xstrata gives nod to Fraser Morgan project

ONTARIO - Hot on the heels of its announced $530-million project at the Raglan mine, Xstrata Nickel has announced plans to spend $119 million to put the Fraser Morgan deposit into production at Sudbury. Development is to begin next year with...

Canadian Mining Journal Staff | August 4, 2011 | 4:58 pm

LUBRICATION: Shell’s Gadus grease now tougher than ever

Shell Lubricants has launched a new, improved range of Shell Gadus greases. The range is designed to meet the challenges of the biggest, fastest and largest equipment in operation today, in some of the wettest, coldest, hottest and most extreme...

Canadian Mining Journal Staff | August 4, 2011 | 4:57 pm

RESIGNATION: Eira Thomas departs Stornoway

VANCOUVER - Stornoway Diamond Corp. has announced the resignation of chairman Eira Thomas to pursue other interests. The noted diamond geologist is a founder of the company and served as its CEO until December 2008.

Canadian Mining Journal Staff | August 3, 2011 | 5:00 pm

URANIUM EXPLORATION: Matoush project closer to reality

QUEBEC - The Matoush uranium mine belonging to Strateco Resources of Boucherville, QC, is a step or two closer to reality with the granting of underground exploration permits. Both the Canadian Nuclear Safety Commission and the Federal Review...

Canadian Mining Journal Staff | August 3, 2011 | 4:59 pm

SOCIAL MEDIA: GIW launches photo contest on Facebook

GIW Industries, maker of heavy duty centrifugal pumps, has joined Facebook to enhance contact with its customers and representatives. Become a fan to get answers to questions, stay in the loop on upcoming tradeshows and trainings, and have fun...

Canadian Mining Journal Staff | August 3, 2011 | 4:58 pm

GOLD-COPPER STUDY: Outlook good for Kemess underground

BRITISH COLUMBIA - The preliminary economic assessment of the Kemess underground development owned by Northgate Minerals of Vancouver is positive. The nearby Kemess South open pit near Smithers ran out of ore earlier this year, and the 52,000...

Canadian Mining Journal Staff | August 2, 2011 | 5:00 pm

NICKEL-COPPER DEVELOPMENT: Xstrata Nickel to build fifth mine at Raglan

QUEBEC - Swiss mining giant Xstrata says it will spend US$530 million to develop the Qakimajurq mine and extending the depth of Mine 2 at the Raglan nickel-copper mine on the Ungava Peninsula. The accommodation complex will be expanded and...

Canadian Mining Journal Staff | August 2, 2011 | 4:59 pm

MINING PEOPLE IN THE NEWS: Chieftain Metals, New Millennium, Pele Mountain and US Gold

Toronto-based Chieftain Metals has chosen Paul Chawrun as its next executive VP corporate development. A mining engineer, he has worked for Suncor, Fording Coal and Dynatec. Most recently Chawrun was director of technical services for Detour...

Canadian Mining Journal Staff | August 2, 2011 | 4:58 pm

PERSPECTIVE: Gold miners reap gains, Agnico buys into Phoenix project

What a wonderful time to be a gold miner. The rising price of gold has pushed their second quarter revenues up to record, or near-record levels. And it doesn't matter if you are a big producer or a small one.

Canadian Mining Journal Staff | July 28, 2011 | 5:01 pm

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