Canadian Mining Journal Staff

BENEFIT AGREEMENT: Barkerville, Lhtako Dene ink Bonanza Ledge pact

BRITISH COLUMBIA - Barkerville Gold Mines of Vancouver and the Lhtako Dene Nation (Red Bluff Indian Band) of Quesnel, BC. Have signed a project agreement covering Barkerville's Bonanza Ledge gold property in the Cariboo Mining District.

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

GOLD MINING: Operations resume at Holt mine

ONTARIO - Operations resumed Dec. 8 at St Andrew Goldfields' Holt gold mine near Timmins following repairs to the shaft. A "significant" shaft incident occurred on Nov. 26 while a piece of equipment was being lowered. Shaft timbers were damaged...

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

FINANCING: Breakwater’s $30-M offering grows to $40-M overnight

TORONTO - Less than a day after announcing a $30-milllion bought deal, Breakwater Resources said it had increased the offering to $40 million. There is also an overallotment that, if fully exercised, will bring the total to $44.1 million. The...

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

CAPITAL SPENDING: OMA outlines plans worth $8.5-B in Ontario

New mines and mine expansions are reinforcing the mineral sector's role in the foundation of Ontario's economy. Ontario's economy is going through the pains of transformation as it moves from a manufacturing base to a service and knowledge...

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

BUILDING: SNC-Lavalin to build, operate accommodations for oil sands workers

ALBERTA - SNC-Lavalin of Montreal has been awarded a contract to design, build, operate and maintain a workforce lodge for oil sands workers in Fort McMurray, AB.

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

COPPER DEVELOPMENT: Rio Tinto to take over management at Oyu Tolgoi

MONGOLIA - Canadian company Ivanhoe Mines and Rio Tinto, domiciled in London, U.K., have reached an agreement making Rio Tinto the manager of Ivanhoe's Oyu Tolgoi copper-gold mine development. In return, Rio Tinto will provide financing to...

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

IRON ORE RESOURCE: Rockex claims 1-B tonnes at Lake St. Joseph project

ONTARIO - Toronto-based junior Rockex Limited estimates that indicated and inferred resources at its 100%-owned Western Lake St. Joseph iron ore project top 1.0 billion tonnes (no cutoff) grading between 26% and 29% Fe. The numbers apply...

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

METALS PRICES: Gold price sets record high over $1,420

On Dec. 6 the price of gold on the New York exchange closed at an all-time high of US$1,423.70 an ounce. That's wonderful, but in the two days that followed profit-taking left the price closer to the US$1,380 level at press time on Wednesday.

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

FINANCIAL REPORTING: What mining execs need to know

The following tips on changing to the International Financial Reporting Standards were made available by the Canadian Institute of Chartered Accountants.

Canadian Mining Journal Staff | December 8, 2010 | 5:00 pm

RESEARCH: Rio Tinto, CEMI sign deal for $10-M underground mining centre in Sudbury

SUDBURY, Ontario - On Dec. 6, 2010, partners Rio Tinto and the Centre for Excellence in Mining Innovation (CEMI) celebrated the official signing of an agreement that will showcase CEMI's capabilities to the world.

Canadian Mining Journal Staff | December 7, 2010 | 5:00 pm

COPPER EXPLORATION: Drilling boosts grades at Kutcho project

BRITISH COLUMBIA - The new 43-101-compliant resource estimate for the Esso deposit at the Kutcho copper-zinc-precious metals project near Dease Lake reflects higher grades and confidence for owner Capstone Mining of Vancouver. The 2010 infill...

Canadian Mining Journal Staff | December 7, 2010 | 5:00 pm

PERSPECTIVE: Anti-chrysotile crusaders oppose Jeffrey mine redevelopment

Calling themselves the Solidarity Delegation, seven individuals from Japan, Indonesia, Korea and India came to Quebec this week in an attempt to stop the provincial government from financing underground redevelopment at the Jeffrey mine in...

Canadian Mining Journal Staff | December 7, 2010 | 5:00 pm

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