Marathon Gold consolidates Valentine Lake project ownership

TSX-listed Marathon Gold on Thursday said it had entered into an agreement to acquire all the outstanding shares of Mountain Lake Resources and its 50% interest in the Valentine Lake project, in Newfoundland, Canada. This resulted in Marathon now...

Rambler seeks Aim listing, China’s Tinma boosts stake to 16%

TSX-V-listed Rambler Metals on Friday said it agreed to sell an additional C$4.13-million stake to 11.5% shareholder Tinma International. The aspiring mid-tier miner, which owns the Ming copper/gold mine in Baie Verte, Newfoundland and Labrador,...

Newfoundland and Labrador to contribute 10% of Canada mining output

The mineral-rich province of Newfoundland and Labrador was expected to contribute about 10% of Canada’s mining output this year, the Mining Association of Canada (MAC) said on Wednesday. President and CEO Pierre Gratton said the province would...

Cliffs Q1 profit down 11% as mining, transport costs spike

Iron-ore and coal producer Cliffs Natural Resources on Wednesday reported an 11.1% drop in profit for the first quarter to $376-million, or $2.63 a share. This was the result of increased mining and transportation costs, which spiked by 85% to...

Iron sands and pig iron project, Canada

The iron sands and pig iron project will be a low-cost feedstock for making a high-purity pig iron product.

Search for coal leads to Canada's high Arctic

Iron-ore mining on Baffin Island? Child's play. A newly floated company, Canada Coal, is hoping to build a coal mine on Ellesmere Island, the northernmost tip of which is just 800 km from the North Pole. “I firmly believe we have what could be...

Cliffs more than doubles quarterly dividend

Cleveland-based Cliffs Natural Resources said on Tuesday it approved a 123% increase to its quarterly dividend to $0.625 a share, as part of a strategic capital allocation plan. "The substantial dividend increase reinforces Cliffs' strong outlook...

Rio Tinto arm faces safety violation charges after fatality

Newfoundland and Labrador has charged Rio Tinto unit Iron Ore Company of Canada with five violations of safety regulations in the death of a worker and the serious injury of another in March 2010, the government said on Thursday. Eldon Perry died...

PDAC optimistic, though challenges remain

The Canadian mineral exploration and development sector is doing extremely well considering the volatility in many other industries and markets around the world, says Prospectors and Developers Association of Canada (PDAC) president Dr Scott...

Products do their bit in Quebec

Diamond drill bits from global mineral exploration company Boart Longyear are having a positive impact on iron-ore drilling operations in the remote area of Schefferville in northern Quebec, Canada.

The future’s so bright . . .

Mining investment in Canada could surpass $138-billion in new private sector investment over the next five years, Mining Association of Canada (MAC) VP government affairs Paul Hébert tells Mining Weekly. These investments will create thousands of...

Labrador Iron Mines cuts Q3 loss on forex gain

Labrador Iron Mines Holdings Ltd's quarterly loss narrowed marginally, helped mainly by a forex gain. The company posted a loss of C$1.7 million, or 3 Canadian cents a share, compared with a loss of C$1.3-million, or 3 Canadian cents a share, a...