Canadian Mining Journal Staff

GOLD PRODUCTION: Global output hits record over 2,650 tonnes

PERTH, Australia - Worldwide production of gold in 2010 reached a record high 2,652 tonnes, and should climb in the short term. However output is expected to slip over the longer term as exploration efforts are not replacing reserves.

Canadian Mining Journal Staff | March 30, 2011 | 5:00 pm

NON-MERGER: Inmet, Lundin break off friendly deal

TORONTO - Lundin Mining and Inmet Mining have terminated their friendly business combination first announced on Jan. 12, 2011. The original deal worth $3.6 billion would have created a new company with a market capitalization of $9 billion.

Canadian Mining Journal Staff | March 30, 2011 | 5:00 pm

WHAT’S IN A NAME?: Atlas Copco makes changes to differentiate drill rigs

STOCKHOLM - Atlas Copco Surface Drilling Equipment is changing the naming structure of its family of ROC drill rigs. The company says the new names will bake it easier to distinguish between the various rigs as well as clarify the different...

Canadian Mining Journal Staff | March 29, 2011 | 5:00 pm

UPDATE: Fire at Meadowbank to impact Agnico-Eagle’s annual production numbers

NUNAVUT - Two and a half weeks ago Agnico-Eagle Mines of Toronto reported a serious kitchen fire at its Meadowbank gold mine near Baker Lake. The extent of the damage will have a negative effect on the company's 2011 production numbers.

Canadian Mining Journal Staff | March 29, 2011 | 5:00 pm

PERSPECTIVE: One more thing for nickel miners to worry about

Rumours are swirling this week that Vale SA CEO Roger Agnelli is being forced out of his job. Evidently the Brazilian government seeks greater control over the company saying Agnelli has not aligned the company with "national interests" despite...

Canadian Mining Journal Staff | March 29, 2011 | 5:00 pm

HEAVY EQUIPMENT: North America’s largest Komatsu dealer, SMS Equipment, expands

CHETWYND, British Columbia - SMS Equipment, headquartered in Acheson, AB, has opened a new branch in Chetwynd in the industrial park. The company hired an additional six fulltime employees to support the mining, construction, forestry and...

Canadian Mining Journal Staff | March 28, 2011 | 5:00 pm

ENERGY MANAGEMENT: Bestech helps Vale and Xstrata save money

SUDBURY, Ontario - Miners around the world are facing more than their fair share of challenges - from stringent environmental and regulatory pressures to an urgent need to improve operational costs, productivity and safety, all while having to...

Canadian Mining Journal Staff | March 28, 2011 | 5:00 pm

MINING PEOPLE IN THE NEWS – Castle Peak, Hawthorne Gold, Superior Mining, Thelon, Volta Resources and White Pine

Darren Lindsay is the new president and CEO of Castle Peak Mining in Vancouver. Former CEO Brian Lock has resigned that position but will remain as chairman. Lindsay was part of the team that explored the Madrid and Doris gold deposits in Hope...

Canadian Mining Journal Staff | March 28, 2011 | 5:00 pm

DIAMOND EXPLORATION: $17.7-M to be spent at Chidliak

NUNAVUT - Joint venture partners Peregrine Diamonds (49% and operator) of Vancouver and BHP Billiton (51%) of Australia have approved the spending of $17.7 million at their Chidliak diamond project 120 km northeast of Iqaluit on Baffin Island.

Canadian Mining Journal Staff | March 28, 2011 | 5:00 pm

DIAMOND STAKE: Kinross selling remaining equity in Harry Winston

TORONTO - Kinross Gold Corp. has decided to sell its remaining 8.5% equity interest in Harry Winston Diamond Corp. in a deal worth $100 million. Last August, Kinross sold its former 22.5% interest in the partnership holding Harry Winston's 40%...

Canadian Mining Journal Staff | March 24, 2011 | 5:01 pm

TIRES: Save money by re-treading

MUSCATINE, Iowa - Bridgestone Bandag Tire Solutions (BBTS), a division of Bridgestone Americas Tire Operations, has launched a new campaign designed to promote retreading. At the heart of the effort is an appeal to fleet owners to consider...

Canadian Mining Journal Staff | March 24, 2011 | 5:00 pm

AWARD: CAPP recognizes Suncor’s environmental success

CALGARY - Suncor Energy has won the President's Award at the Canadian Association of Petroleum Producers 2011 Responsible Canadian Energy Awards competition for its new TROTM tailings management process and for becoming the first oil sands...

Canadian Mining Journal Staff | March 24, 2011 | 5:00 pm

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