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Osisko Metals continues aggressive BMC acquisitions course

By: Henry Lazenby     10th January 2018 Base metals explorer Osisko Metals has inked a definitive accord with the Canadian Continental Exploration Corporation (CCEC) to acquire 27 mineral claims in the Bathurst Mining Camp (BMC), the company announced on Tuesday. The individual mineral claims comprise 4 to 48 claim units totalling 320... 

Osisko Metals adds to Bathurst Mining Camp asset holdings

By: Henry Lazenby     28th December 2017 Base metals focused project developer Osisko Metals has signed an agreement to buy the Key Anacon claims and surrounding area, in the Bathurst Mining Camp (BMC) of New Brunswick, from Hunter Brook Holdings. Based in Montreal, Quebec, Osisko has in recent quarters been actively consolidating base... 

Ventilation and cooling in mines often work against nature

By: Simone Liedtke     24th November 2017 Mining requires a robust constitution as mines often work against nature, descending deep underground, where temperatures can rise to between 60º and 70º at the rock face, explains heating, ventilation and air conditioning (HVAC) company Johnson Controls GM Neil Cameron. 

Semafo’s profit wanes on lower output

By: Henry Lazenby     10th November 2017 West Africa-focused gold miner and regional explorer Semafo has reported a 44% drop in headline profit during the third quarter ended September, as the new mine plan for its Siou operation, in Burkina Faso, delivered fewer gold ounces to sell, the company reported on Thursday. Adjusted net income... 

SA Hippo Sucessfully Exhibited At The Cim Memo 2017 In Saskatoon

     27th October 2017 The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) was founded in 1898 and it is the leading technical society of professionals in the Canadian Minerals, Metals, Materials and Energy Industries consisting of 10 Technical Societies and over 35 Branches. The members of this... 

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

Call to mining to update refrigerant systems

     15th September 2017 While the majority of the mining industry use hydrofluorocarbons (HFCs) in its refrigerant systems, these ozone-depleting substances are set to be phased-out in accordance with the Montreal Protocol and Kigali Agreement. 

London joins global Young Mining Professionals network

By: Ilan Solomons     1st September 2017 The Young Mining Professionals (YMP) has launched its latest chapter in London, in the UK and aims to leverage the UK’s location as a “global hub for mining and finance” to provide opportunities for young people in the country’s mining sector and abroad. YPM UK founder Catriona Beadel says that... 

Gold extends rally to 2017 high as North Korea test adds to angst

By: Bloomberg     29th August 2017 Gold rose to the highest this year after North Korea fired a ballistic missile over Japan, boosting haven demand and extending a rally fuelled by declines in the dollar. An index of precious-metals mining stocks touched a four-month high. The greenback fell for a third day to its lowest since... 

SA Hippo To Be Exhibited At The CIM Memo 2017 In Saskatoon

     16th August 2017 The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) was founded in 1898 and it is the leading technical society of professionals in the Canadian Minerals, Metals, Materials and Energy Industries. The CIM has over 14,600 members, convened from industry, academia and government... 

Call for mining industry to update its refrigerant systems

     16th August 2017 While the bulk of the mining industry uses HFCs (hydrofluorocarbons) in their refrigerant systems, these are on the cards to be phased-out in accordance with the Montreal Protocol and Kigali Agreement to significantly phase-out ozone-depleting substances. While chlorofluorocarbons were used... 

Mauritania issues 30-yr mine licence for Algold’s Tijirit project

By: Henry Lazenby     16th August 2017 West Africa-focused junior project developer Algold Resources has received a formal decree by the Mauritania government granting a 30-year mining licence for the Tijirit project. Montreal, Quebec-based Algold in June announced that the Mauritania government intends to issue the mining licence,... 

Semafo rallies as Siou grade control trends back on track

By: Henry Lazenby     9th August 2017 Canadian gold producer Semafo on Wednesday rallied strongly in Toronto after it confirmed its revised production guidance for the year, on the back of grade stabilisation at the Siou satellite pit of the Mana mine, in Burkina Faso. The West Africa-focused miner reiterates its 2017 outlook of... 

Champion stock gains on resolving longstanding Sept-Îles Port dispute

By: Henry Lazenby     18th July 2017 The TSX-listed stock of project redeveloper Champion Iron on Tuesday gained more than 4% after the company announced that it has settled a dispute with the Sept-Îles Port Authority, from where iron-ore product from the Bloom Lake mine, in Quebec, will be shipped to market. The Montreal-based... 

Another bullion flash crash is testing the nerve of traders

By: Bloomberg     8th July 2017 After-hours surges and plunges that have whipsawed gold and silver prices over the past two weeks are unnerving traders. Silver futures sank as much as 10%, as more than 25-million ounces of the precious metal traded within a minute just after 7 AM in Singapore Friday. Last week, gold fell below... 

Semafo’s Q2 output slumps as it grapples with grade control at Mana

By: Henry Lazenby     6th July 2017 West Africa-focused gold producer Semafo reported lower gold output for the second quarter ended June, as grade control issues at the Siou satellite deposit of the company's flagship Mana mine, in Burkina Faso, impacted on output. Montreal, Quebec-based Semafo produced 47 600 oz of gold for the... 

BHP's new chairman to drive 'radical shift' at largest miner

By: Bloomberg     5th July 2017 BHP Billiton’s new chairman is about to shake things up at the world’s largest mining company, according to Sanford C. Bernstein, which says that Ken MacKenzie will probably undertake a full-scale review of assets and strategy, and may demerge the petroleum business. “Despite management’s... 

Serendipity smiles on Mkango’s Malawian assets as renewables growth demands more REEs

By: Henry Lazenby     13th June 2017 Demand for rare earth elements (REEs) for use in magnetic applications such as electric vehicles and wind turbines is driving renewed interest in securing supplies of these hard-to-come-by metals outside of the world’s dominant supplier China. This is exacerbated by the fact that while REEs are... 

SA Hippo Main Attraction For North American Coal Mines At The Cim 2017 In Montreal

     5th June 2017 The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) was founded in 1898 and it is the leading technical society of professionals in the Canadian Minerals, Metals, Materials and Energy Industries.   The CIM has over 14,600 members, convened from industry, academia and government... 

Fasken Martineau Named “Global Mining Law Firm of the Year”

     25th May 2017 Fasken Martineau announced that, for the third consecutive year and the ninth time overall, it has been named “Global Mining Law Firm of the Year 2017” by Who’s Who Legal. Additionally, Michael Bourassa has received the “Lawyer of the Year 2017” award for Mining. With over 150 years’ experience... 

Quebec diamond miner Stornoway produces one-millionth carat

By: Henry Lazenby     17th May 2017 Quebec’s only diamond producer Stornoway Diamond Corp has produced its one-millionth carat from the Renard mine, alluding to a strong start to production in the current quarter. Desjardins Capital Markets analyst Michael Parkin said the market is still focused on the company’s ability to resolve... 

SA Hippo Exhibited At The CIM 2017 In Montreal

     3rd May 2017 The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) was founded in 1898 and it is the leading technical society of professionals in the Canadian Minerals, Metals, Materials and Energy Industries.   The CIM has over 14,600 members, convened from industry, academia and government... 

David Brown Santasalo Showcases Its Proven Drive Technology And Enhanced North American Capability At Cim 2017

     2nd May 2017 At this year’s CIM 2017 Convention, David Brown Santasalo will display its innovative AMF gearbox designed for critical agitator, mixer and flotation applications in the mining industry. Booth #509 at the Palais des Congrès in Montreal will be home to David Brown Santasalo’s expert team, who are... 

Durban-based plant delivered to Guyana mine

     28th April 2017 A $2.5-million project, facilitating, executing and unloading a shipment of assets for an 800 t/d modularised gold plant relocated from Durban, in South Africa, to Buck Hall, in Guyana, was concluded toward the end of last year by Canadian engineering, procurement and construction firm JDS Energy... 

Rio Tinto sees bumpy ride for aluminum as China poses puzzle

By: Bloomberg     5th April 2017 Rio Tinto Group’s aluminum boss sees prices for the lightweight metal heading for an “extremely” volatile period, with uncertainty over when China will curb production helping to keep investors on edge. “That’s really where the uncertainty is at the moment,” Alfredo Barrios said in an interview... 

Mining Weekly partners with Canadian mining event

By: Reinette Classen     4th April 2017 Creamer Media’s Mining Weekly is a media partner for the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)’s annual convention and will this year, for the first time, publish a special CIM Convention e-Supplement.  

Osisko Gold Royalties reports 13% rise in Q4 headline earnings

By: Henry Lazenby     16th March 2017 Osisko Gold Royalties has reported a 13% increase in its fourth-quarter adjusted earnings, to C$6.9-million, or C$0.07 a share, beating Bay Street analysts’ average forecast of earnings of C$0.06 a share. Montreal-based Osisko, which owns a portfolio of cost-free royalties on mines such as... 

Breakthrough holmium data storage solution piques Matamec’s interest

By: Henry Lazenby     15th March 2017 Montreal-based rare earths project developer Matamec Explorations is excited about a breakthrough discovery by a team of nanoscience researchers, mainly from IBM’s Almaden Research Centre, in San Jose, California, of the ability to store one bit (1b) of data on a single holmium atom. The... 

Trump makes Canadian mine explorer with zero revenue great again

By: Bloomberg     19th January 2017 There’s one thing Donald Trump is already making great again: a small Canadian explorer with rights to one of the world’s largest undeveloped copper and gold deposits. Northern Dynasty Minerals has more than tripled since the US election to approach a four-year high this week amid speculation... 

Osisko Gold Royalties increases 2016 gold earnings

By: Henry Lazenby     10th January 2017 Dual-listed gold royalty firm Osisko Gold Royalties has increased its 2016 gold earnings by 25% year-on-year, boosting revenue by 38% to a record C$62.7-million. The Montreal, Quebec-based company reported on Monday that it had earned 38 270 gold-equivalent ounces (GEOs) in 2016, compared with... 

Ottawa appoints temporary NEB members to review Energy East application

By: Henry Lazenby     13th December 2016 The Canadian federal government on Monday announced the appointment of three temporary members to the National Energy Board (NEB) to assist with the stalled application review of TransCanada Corp’s C$15.7-billion Energy East pipeline. Natural Resources Minister Jim Carr announced the appointment... 

Osisko hits high-grade sods at ‘company-making’ Windfall Lake

By: Henry Lazenby     21st September 2016 Explorer and project consolidator Osisko Mining has hit some high-grade returns with recent exploration work at its Quebec-based Windfall Lake gold project, reporting intersections containing as much as 391 g/t gold over 3.1 m (uncut). The Montreal-based company is currently undertaking an... 

NEB adjourns Energy East hearings

By: Henry Lazenby     12th September 2016 The National Energy Board (NEB) on Friday announced that the panel hearing public comments on TransCanada’s Energy East application and the Eastern Mainline Project application had been disbanded. The NEB was forced to cancel hearings in Montreal last month after protestors disrupted proceedings. 

Construction continues ahead of schedule, budget as Stornoway ramps up Renard

By: Henry Lazenby     10th August 2016 Quebec-based diamond project developer Stornoway Diamond reported after market close on Tuesday that the Renard project remained ahead of schedule and on budget, according to the revised development plan. The Montreal-based company advised that it had to date spent or committed 88% of the budget,... 

NEB approves southern Ontario TransCanada gas pipeline construction

By: Henry Lazenby     5th August 2016 Canada’s independent energy regulator has approved construction of an 11.7 km natural gas pipeline in Vaughan, Ontario, subject to 19 conditions. TransCanada Pipelines’ Vaughan Mainline expansion project would be integrated into the company’s existing mainline system and its King’s north... 

In taking 39.5% stake, TomaGold partners with Goldcorp at Sidace Lake

By: Henry Lazenby     24th June 2016 Montreal-based TomaGold has bought a 39.5% interest in the Sidace Lake project from junior Planet Exploration, the company said on Thursday. In doing so, the company partnered with Goldcorp, which held the remaining 60.5% of the project, located 25 km north-east of Balmertown, in the renowned Red... 

Rio Tinto appoints new iron-ore chief in organisational overhaul

By: Mariaan Webb     21st June 2016 Diversified miner Rio Tinto incoming CEO Jean-Sébastien Jacques on Tuesday unveiled a new organisational structure and executive team, which included a new head for its iron-ore division. Chris Salisburg, who was currently acting copper and coal CEO, was appointed CEO of the iron-ore division,... 

Cyprium finds high-grade zinc at Potosi silver mine, Mexico

By: Henry Lazenby     21st June 2016 Quebec-based explorer Cyprium Mining on Monday reported that samples taken from an oxidised zinc body on Level 14 of its 53%-owned Potosi mine, in Santa Eulalia, Mexico, have returned assay results averaging 37% zinc over a sample width of 1.53 m. The TSX-V-listed company reported that the... 

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