BHP slashes dividend 75%, braces for prolonged downturn
It was the last, biggest and most vocal defender in the mining industry of maintaining the status quo with respect to its […]
Marilyn Scales
Posts by Marilyn Scales:
GOLD: Wesdome extends high grade No.7 zone 150 metres towards surface
ONTARIO – Wesdome Gold Mines of Toronto is encouraged by underground drilling results at its Eagle River gold mine near Wawa. Drilling […]
OIL SANDS: Suncor wrapping up acquisition of COS
CALGARY – Suncor Energy’s offer for all the common shares of Canadian Oil Sands has expired, with 84.2% or 408.1 million COS […]
GOLD: Goldcorp invests in Cheechoo project
QUEBEC – Vancouver-based Goldcorp has agreed to purchase 7.4 million units of Montreal’s Sirios Resources, the 45% owner and operator of the […]
PERMITS: Long wait times hinder exploration, especially in Ontario
CALGARY – Permit times – the length of time it takes to get approval for mining exploration – are increasing across Canada […]
First Quantum in debt danger due to ailing metals market
VANCOUVER — It’s a sign of the times that analysts tend to pay more attention to balance sheet health than production metrics […]
GOLD: Money puts Atlantic Gold’s Moose River closer to construction
NOVA SCOTIA – Vancouver-based Atlantic Gold Corp. is a step closer to development of its Moose River Consolidated gold project near Halifax […]
GOLD: Barrick makes long term, $3B plans to boost production
TORONTO – Barrick Gold has re-evaluated several of its projects and come up with plans for four of them – Cortez, Goldrush, […]
EDUCATION: Detour Gold, Métis to create bursary for students at two Ontario colleges
ONTARIO – Representatives from the Métis Nation of Ontario (MNO), Detour Gold, College Boreal, and Northern College met in Timmins on Feb. […]
GOLD: IamGold drills good intersections at Monster Lake
QUEBEC – IamGold Corp. of Toronto continues to drill good intersections at the Monster Lake property 50 km southwest of Chibougamau. Most […]
Cutifani strives for ‘new’ Anglo American after tough 2015
In a video message to shareholders, Anglo American (US-OTC: AAUK; LSE: AAL) CEO Mark Cutifani said the company will dispose of an additional US$3-$4 […]
GOLD: Barrick promises further $2B cuts to debt in 2016
TORONTO – Having reduced its debt by 24% or $3.1 billion (US dollars) in 2015, Barrick Gold taking aim at a further […]
Case study: Waterproofing high-temperature water flows in mining operations
In this study, the mine was in the process of tunnel excavation. Initially, the mining advanced under dry conditions. However, as the […]