Montreal’s Stornoway Diamond Corp. is in receipt of all the major Quebec and federal government authorizations required to begin construction at the Renard diamond project this fall. The final permission was given by the Canadian Environmental Assessment Agency this week. [Read more]
In a departure from base metals, Victory Nickel of Toronto is set to begin development of the Seven Persons frac sand plant at Medicine Hat. The Alberta Energy Regulator (the successor to the Energy Resources Conservation Board) has given the necessary approval to the project. [Read more]
Yes, there is no denying the gold price has taken a beating lately. However, by the pure share of news it receives, there is ample evidence to show that this commodity still mesmerizes mankind. The earliest gold jewelry dates back 6,000 years. By 325 BC, the ancient Greeks were mining gold from all ends of the Mediterranean Sea. Gold fever has sent men on treks... [Read more]
While the Top 40 mining companies increased volumes by 6%, softer commodity prices meant that 2012 revenues of $731 billion was only the second year in a decade that mining revenue did not increase, according to the latest PwC report: Mine: A confidence crisis.
The Mine report highlights a range of activity causing stakeholders to... [Read more]
Ontario Graphite of Kearney, ON, has received approval from the Ontario Ministry of the Environment to re-commission the Kearney graphite mine in the town of the same name. The company has been working with the Ontario government and local aboriginal communities since 2011.
Mining was suspended at Kearney in 1994.... [Read more]
News of a 26% capital cost increase and six-month start-up delay at the Legacy potash mine in Saskatchewan drove owner K+S AG‘s share price to a five month low, but the German company remains confident the project offers attractive economics and good potential to grow into a major potash operation. [Read more]
ABB, with Canadian headquarters in St-Laurent, QC, has been selected by Australia-headquartered BHP Billiton to supply mine hoisting systems for the Jansen potash project, located 130 km east of Saskatoon.
The contract includes the overall design, manufacturing, supply and installation of four complete... [Read more]
Stornoway Diamond Corp. of Montreal is pleased with the latest valuation of a bulk sample from its Renard diamond project in the Otish Mountains. An independent valuation using March 2013 prices revealed an average price of US$250/ct on the total Renard 65 parcel of 997 ct.
Valuations of US$8,500/ct and US$5,900/ct... [Read more]
Canada’s uranium producers are nothing if not world class. In 2011, 8.69 million tonnes of uranium worth $1.1 billion was produced, all of it from Saskatchewan. That makes us second in the world, behind Kazakhstan (17.8 million tonnes) and well ahead of Australia (5.9 million tonnes).
Canada supplies 18.2% of world’s uranium,... [Read more]
Birks, synonymous with fine jewellery since 1879, is exhibiting one of the world’s rarest yellow diamonds in its Edmonton location starting this week. The stunning, 16.01-carat fancy intense yellow diamond is set into a platinum ring adorned with diamond pavé.
The diamond’s colour is of natural origin,... [Read more]
International Minerals Corp., headquartered in Scottsdale, AZ, and traded on the TSX, has secured a US$140-million term loan facility with which to partially fund construction of the Inmaculada gold-silver mine located southwest of Cuzco. A joint venture of International Minerals (40%) and Hochschild Mining plc (60%) owns the property... [Read more]
Callinex Mines just announced that it has begun a drilling campaign on its Gossan Hill gold project in Northern Manitoba, near Cranberry Portage. This, the third drill program on the property by Callinex, is designed to build on the company’s 2012 drilling program.
The mineralization has been defined by 64 diamond drill holes over... [Read more]
By Marilyn Scales
dev·o·lu·tion (noun) ~ The transfer of power or authority from a central government to a local government.
I learned a new word today, one I had not come across before: devolution. I saw it in a headline, Devolution agreement for NWT follows years of negotiations,... [Read more]
The Mining Association of Canada (MAC) commends the federal government on the signing of two new Foreign Investment Promotion and Protection Agreements (FIPAs) with Zambia and Cameroon. The announcement was made on March 4 by the Hon. Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, at the 2013 Prospectors and... [Read more]
Ivernia Inc. has entered into a $20-million secured load facility with Sprott Resources Lending Partnership. The funds will be used to restart operations at Ivernia’s Paroo Station lead mine in Western Australia. Ivernia has already drawn down $15 million.
The Paroo Station mine was suspended... [Read more]
The Yukon government has increased funding to the Yukon Mining Incentive Program to encourage mineral exploration in the territory. The increase was announced at the Mineral Exploration Roundup by Minister of Energy, Mines and Resources Brad Cathers.
“We are increasing funds for the Yukon Mining Incentive Program... [Read more]
OTTAWA – The Conference Board of Canada has taken a close look and said that mining employment and production in Canada’s north can almost double by the end of this decade. The Board sees Canada’s overall northern metal and non-metallic mineral output growing by 91% from 2011 to 2020, a compound annual growth rate of 7.5%. In contrast,... [Read more]
Canada Lithium Corp. has signed a three-year deal with Japan’s largest commodity trader Marubeni giving Marubeni exclusive rights to distribute battery grade lithium carbonate from the Quebec lithium mine 60 km north of Val d’Or, QC, in Japan for an initial three-year period beginning later this year. The agreement includes... [Read more]
Richmont Mines of Montreal has received the mining permit for its 100% owned Monique gold project in Val d’Or. Overburden removal will begin shortly to facilitate mining a 5,000-tonne bulk sample that will be treated at the company’s Camflo mill 50 km away. [Read more]
Toronto-based Canada Lithium Corp. has begun commissioning its open pit mine and mill near Val d’Or. During November, 12,000 tonnes of ore and 380,000 tonnes of waste were mined. The waste rock is being used to build the tailings management facility. The ore has been stockpiled.
Commissioning activity at the... [Read more]