Canadian Mining Journal Staff

GOLD RESOURCE: Drilling allows Marathon to make initial Valentine Lake estimate

NEWFOUNDLAND - Marathon Gold Corp. of Toronto has made the initial measured and indicated resource estimate for its Valentine Lake gold project in the central part of the province. M&I resources are 3.3 million tonnes with a grade of 2.6...

Canadian Mining Journal Staff | December 16, 2010 | 5:00 pm

CORPORATE UPDATE: Agnico-Eagle future holds 1.5 million oz in 2014

TORONTO - Agnico-Eagle Mines is wrapping up a very successful 2010 and looking forward with anticipation to 2011 and beyond. The company expects gold production to increase 18% next year to between 1.13 million and 1.23 million oz of gold....

Canadian Mining Journal Staff | December 16, 2010 | 5:00 pm

CULTURAL DIVERSITY: Opera comes to Raglan mine

QUEBEC - Opera singers and base metal miners rarely have the opportunity to rub shoulders, but that is what happened at the Raglan nickel-copper mine in Nunavik. The mine is owned by Xstrata Nickel that also sponsors the Canadian Opera...

Canadian Mining Journal Staff | December 15, 2010 | 5:00 pm

PERSPECTIVE – Greens want Olympic Dam expanded without uranium recovery

SOUTH AUSTRALIA - The Australian Greens, that country's political party of the environmental persuasion, wants BHP Billiton to expand its Olympic Dam copper-uranium-gold-silver mine but not mine the uranium component of the ore.

Canadian Mining Journal Staff | December 15, 2010 | 5:00 pm

DIAMOND PROJECT: Stornoway takes full ownership of Renard

QUEBEC - Stornoway Diamond Corp. of Vancouver is buying out its partner in the Renard diamond project in the James Bay Lowlands. It is purchasing the 50% interest currently owned by Diaquem, a subsidiary of Soquem, itself a subsidiary of...

Canadian Mining Journal Staff | December 15, 2010 | 5:00 pm

SMELTER UPDATES: Rio Tinto to modernize Canadian plants

MONTREAL - Rio Tinto Alcan has announced plans to update its Canadian aluminum smelters with approximately US$1.75 billion to be spent in Quebec and British Columbia.

Canadian Mining Journal Staff | December 14, 2010 | 5:00 pm

REE RESOURCES: First Gold offers indicated number for Rose deposit

QUEBEC - First Gold Exploration of Laval, QC, says its Rose deposit at the Lac Pivert/Rose project in the James Bay region contains an indicated resource of 11.4 million tonnes grading 1.34% Li2O, 165 ppm Ta2O5 and 377 ppm BeO. The indicated...

Canadian Mining Journal Staff | December 14, 2010 | 5:00 pm

COPPER-PGM TEST: Wallbridge prepares to bulk sample Broken Hammer in Sudbury Basin

ONTARIO - Toronto-based Wallbridge Mining has signed a bulk sampling contract with Technica Group of Lively, ON, to extract material from the Broken Hammer property on the North Range of the Sudbury Basin. Testing will confirm minability,...

Canadian Mining Journal Staff | December 14, 2010 | 5:00 pm

UNDERGROUND DRILL: Copco introduces 4-boom jumbo

SWEDEN - A new four-boom drill rig developed by Atlas Copco is proving its worth at a major railway project near Gothenburg. When tunnelling contractor Veidekke won the contract to drive the tunnel, it challenged Atlas Copco to produce the...

Canadian Mining Journal Staff | December 13, 2010 | 5:00 pm

ZINC-COPPER MINING: HudBay outlines production, spending plans for 2011

TORONTO - HudBay Minerals is looking forward to next year with optimism and plans to produce between 70,000 and 90,000 tonnes of zinc plus 40,000 and 55,000 tonnes of copper. Reduced production at Trout Lake will be offset by a full year of...

Canadian Mining Journal Staff | December 13, 2010 | 5:00 pm

MERGER: Franco-Nevada, Gold Wheaton deal provides opportunity for Quadra FNX

TORONTO and VANCOUVER - Franco-Nevada Corp. and Gold Wheaton have agreed to a friendly business combination that will have Franco-Nevada paying approximately $830 million for the Vancouver company. Franco-Nevada is offering $5.20 per share,...

Canadian Mining Journal Staff | December 13, 2010 | 5:00 pm

MINING PEOPLE IN THE NEWS: Barrick, Capstone, Cliffs, Donner, Kaminak, NovaGold and San Gold

Toronto-based Barrick Gold has named Alistair Baker VP corporate development on an interim basis to replace senior VP corporate development Darren Blasutti who is leaving the company on Jan. 7, 2011, to pursue other opportunities.

Canadian Mining Journal Staff | December 9, 2010 | 5:00 pm

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