Canadian Mining Journal Staff

METALLURIGICAL TESTS: Granada material suitable for gravity-flotation treatment

QUEBEC - Gold Bullion Development of Vancouver says metallurgical tests on material from its Granada gold property near Rouyn-Noranda indicate that recoveries of 94% to 97% can be expected using gravity and flotation techniques. The tests were...

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

GOLD DEVELOPMENT: Armistice readies McGarry mine for Q4 2011 start

ONTARIO - The reopening of the McGarry gold mine at Virginiatown is a step closer. Owner Armistice Resources of Toronto has entered into a loan facility agreement for up to $11 million with Sprott Resource Lending Partnership. Armistice intends...

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

MERGER: Cat to acquire Bucyrus for US$8.6 billion

PEORIA, Illinois, and SOUTH MILWAUKEE, Wisconsin - Two of the world's largest heavy equipment makers will soon be one. Caterpillar and Bucyrus International have agreed to a deal under which Cat will acquire Bucyrus in a transaction worth...

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

WHITE KNIGHT: ArcelorMittal comes to the aid of Baffinland with takeover bid

TORONTO - Faced with a hostile takeover bid from upstart Nunavut Iron Ore Acquisition, Baffinland Iron Mines has accepted an offer from ArcelorMittal worth $433 million, a premium of 37.5% over NIO's offer.

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

NON-MERGER: BHP Billiton withdraws offer for PotashCorp

SASKATOON - Australian mining powerhouse BHP Billiton has withdrawn its $40-billion offer for the world's largest potash producer, Potash Corporation of Saskatchewan. The offer was deemed to not be a net benefit to Canada under terms of the...

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

AWARD: Northern Abitibi named Newfoundland’s explorer of the year

CALGARY - Northern Abitibi Mining has been awarded the Prospector/Explorer of the Year Award by the Newfoundland Branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Dr. Shane Ebert, president, accepted the award on behalf of...

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

MINING PEOPLE IN THE NEWS: High River Gold, Metanor, North American Palladium, Pro Minerals, Romios Gold, Teck Coal and Vior

Konstantin Sobolevskiy is the new CEO of Toronto-based High River Gold Mines. He is also senior lawyer at Severstal Gold, a subsidiary of OAO Severstal of Russia.

Canadian Mining Journal Staff | November 11, 2010 | 4:55 pm

URANIUM EXPLORATION: New lens confirmed at Matoush project

QUEBEC - Strateco Resources of Boucherville, QC, says it has discovered a new high grade lens of uranium mineralization 1.5 km south of the three known high grade lenses at its Matoush project in the Otish Mountains. The lens is known as MT-36,...

Canadian Mining Journal Staff | November 10, 2010 | 5:00 pm

GOLD BONANZA: Bralorne-Pioneer yields 140.46 g/t (4+ opt)

BRITISH COLUMBIA - The old Bralorne-Pioneer mine property near Pemberton still has bonanza grades for owner Bralorne Gold Mines of Vancouver. Surface diamond drilling returned a 0.6-metre intersection grading 140.49 g/t Au (4.096 opt) from the...

Canadian Mining Journal Staff | November 10, 2010 | 5:00 pm

SOFTWARE: New AHEAD version boosts plant throughput and maintains quality

TORONTO - SGS' Advanced Systems Group is offering a new version of the A HEAD (Asset Health, Effectiveness and Diagnostics) toolkit for intelligent asset performance management in the resource sector. Plants using AHEAD can expect increases in...

Canadian Mining Journal Staff | November 10, 2010 | 4:59 pm

FLUORSPAR DEVELOPMENT: Canada Fluorspar raises $40-M to reopen St. Lawrence mine

NEWFOUNDLAND - Toronto-based Canada Fluorspar is raising $40 million by way of a private placement with Dundee...

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

URANIUM RESOURCES: Denison releases initial Wheeler River numbers

SASKATCHEWAN - Denison Mines of Toronto has released the initial resource estimates for the Wheeler River uran...

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

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