Canadian Mining Journal Staff

REVIEW: Environmental assessment begins for Ajax copper-gold mine

BRITISH COLUMBIA - The environmental review has begun for the proposed Ajax copper-gold mine 10 km southwest of Kamloops. The project is being developed by a joint venture of Vancouver-based Abacus Mining & Exploration and KGHM Polska Miedz...

Canadian Mining Journal Staff | January 10, 2011 | 5:00 pm

ACQUISITION: HudBay sets sights on Norsemont

TORONTO - HudBay Minerals has set its sights on acquiring Norsemont Mining in a cash and share deal worth $520 million. The deal will bring Norsemont's Constancia copper development project in Peru into the HudBay portfolio. Its addition will...

Canadian Mining Journal Staff | January 10, 2011 | 5:00 pm

GOLD MINING: Lake Shore’s Timmins mine in commercial production

ONTARIO - Lake Shore Gold of Toronto declared its Timmins underground gold mine in commercial production on Jan. 1, 2011, with an output of 12,300 oz the previous month. During December 2010 the mining rate averaged 1,700 t/d, well above the...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

SILVER-LEAD-ZINC MINING: Bellekeno mine reaches commercial production

YUKON - Vancouver-headquartered Alexco Resource Corp. declared its Bellekeno silver-lead-zinc project reached commercial production on Jan. 1, 2011. The underground mine and conventional flotation plant are located in the Keno Hill Silver...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

PERSPECTIVE: Australian floods cripple coal producers

The flooding that has hit Australia's Queensland state over the last few weeks is wrecking havoc with, among other things, that country's coal industry. It supplies 159 million tonnes or two-thirds of the global export coking coal market, and...

Canadian Mining Journal Staff | January 6, 2011 | 5:00 pm

BASE METAL STUDY: Buchans receives pit plan for Lundberg and Engine House deposits

NEWFOUNDLAND - Buchans Minerals Corp. of Windsor, NS, has received a detailed open pit mine plan for its Lundberg and Engineer House base metals deposits in central Newfoundland. Wardrop prepared the plans based on a 5,000-t/d operation.

Canadian Mining Journal Staff | January 5, 2011 | 5:00 pm

MINING PEOPLE IN THE NEWS: Century Mining, Selwyn and Wesdome

Century Mining Corp., of Blaine, WA, has named Daniel Major its new president, CEO and director. He brings close to 25 years of international mining experience - including mine development planning, project development, operations management,...

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

GOLD STUDY: Bachelor Lake PFS outlines profitable operation, 85% IRR

QUEBEC - The pre-feasibility study conducted for Metanor Resources of Val d'Or, QC, indicates that its Bachelor Lake gold project near Desmaraisville will be profitable with an 85% internal rate of return (IRR). Over the initial three years of...

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

TOP 10 Business issues with legal implications for 2011

As we look ahead into 2011, Borden Ladner Gervais LLP's commitment and drive to understand our clients and to achieve the best possible results for our clients is top of mind. We are dedicated to anticipating issues and sharing effective,...

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

FINANCING: Royal Bank policy to consider oil sands impact before lending

TORONTO - At the urging of the Rainforest Action Network (RAN) and Canada's First Nations, the Royal Bank of Canada has implemented a new policy of conducting an environmental and social risk review (ESRR) on selected companies before it...

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

ARMED ROBBERY: Thieves make off with 1,500 oz of gold from Aurizona mine

BRAZIL - Luna Gold of Vancouver made the unhappy announcement that armed robbers had relieved its Aurizona gold project in Maranhao state of an estimated 1,500 oz of gold on Dec. 29, 2010. No employees were injured during the robbery, and local...

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

MINING PEOPLE IN THE NEWS: Canaco, Hana Mining, Key Gold, MetalCorp and Premier Gold Mines

Vancouver-based Canaco Resources proudly announced that its director of project development in Tanzania, Dr. David Groves, has been honoured with the Penrose Gold Medal awarded by the Society of Economic Geologists (SEG). The medal is awarded...

Canadian Mining Journal Staff | December 23, 2010 | 5:00 pm

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