Canadian Mining Journal Staff

REPORT: PwC tracks M&A activity in mining industry

TORONTO - China is not taking over the world's mining industry says the latest Mining Deals report from PwC (formerly PricewaterhouseCoopers LLP). In 2010 only 6% of global mining deals involved Chinese acquirers, compared to acquirers from...

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

SURVEY: Quebec falls to fourth in Fraser Institute rankings

TORONTO - After three years at the top, Quebec has fallen to fourth in the Fraser Institute's annual Survey of Mining Companies. Alberta has moved into first place on the list of the best places in the world for mineral exploration and...

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

NEWS MAKER: See the Chilean mine rescue capsule at the PDAC

TORONTO - If any reader is still looking for a reason to attend the Prospectors and Developers Association of Canada annual conference from March 6-9, 2011, this is it: One of the three rescue capsules built to save 33 Chilean miners trapped...

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

SOFTWARE: More mine planning functionality in GEMS 6.3

VANCOUVER - Gemcom Software International has released GEMSTM 6.3, the latest version of its collaborative geology and mine planning software. GEMS supports exploration, open pit, and underground operations and is used to quantify, model, plan,...

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

BASE METAL DEVELOPMENT: First Nickel secures loan for Lockerby Depth

ONTARIO - First Nickel of Toronto has arranged a $30-million senior debt facility with which to advance the Depth project at its Lockerby nickel-copper mine near Sudbury. The financing was arranged with Societe General and Commonwealth Bank of...

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

DIAMOND EXPLORATION: Near 12-ct stone from Star kimberlite worth $180,000

SASKATCHEWAN - The latest valuation of diamond parcels from the Star and Orion South kimberlites in the fort a la Corne region are nothing if not pleasing for project operator Shore Gold of Saskatoon. The highest value stone recovered thus far...

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

TSX top 100 miners rack up 30% growth in 2010

The top 100 miners listed on the Toronto Stock Exchange (TSX) last year enjoyed a 30% growth in market capitalization compared to 2009. Mining sector listings on the TSX and TSX Venture hit record levels in 2010 at over $467 billion, compared...

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

PERSPECTIVE: No news confirmed

We knew a day like this would come - there is no interesting news from Canadan mines and mills. Thankfully, it is a rare occurrence. So rather than rehash stories that were new earlier in the week, we will simply say that nothing of note from...

Canadian Mining Journal Staff | March 1, 2011 | 5:01 pm

MINING PEOPLE IN THE NEWS: Coffey Int’l, Colt Resources, Cornerstone Capital, Greystar, Mineral Mountain and Selwyn Resources

John Douglas is the new managing director and CEO of Coffey International, the Australian mining and environmental consultants. He succeeds Roger Olds guided the company for the past 15 years.

Canadian Mining Journal Staff | March 1, 2011 | 5:00 pm

TUNGSTEN-MOLYBDENUM STUDY: PEA outlines low cost production at Northern Dancer

YUKON - The preliminary economic assessment of the Northern Dancer tungsten-molybdenum project owned by Largo Resources of Toronto outlines the potential for low cost open pit production. The project straddles the Yukon-British Columbia border...

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

COPPER RESOURCES: Castle begins building numbers for former Granduc mine

BRITISH COLUMBIA - Castle Resources of Toronto is putting resource numbers on the former Granduc copper mine. At a cutoff of 0.8% Cu, the indicated resource is 3.75 million tonnes grading 1.59% Cu. The inferred portion is 15.8 million tonnes at...

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

MERGER REDUX: Equinox tops Inmet offer for Lundin

The friendly merger of Inmet Mining and Lundin Mining has run into a snag, namely an unsolicited takeover offer for Lundin made by Equinox Minerals of Toronto and Australia.

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

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