NTC posts Q2 profit, pushes to increase Cantung mine life

TSX-V-listed North American Tungsten (NTC)on Wednesday reported a second-quarter net profit of $2.5-million, or 1c a share, compared with a loss of $8.8-million, or 4c a share, during the comparable period in 2011. The tungsten concentrate...

Canadian Zinc raises capex estimate for Prairie Creek mine

Canadian Zinc said it expects capital spending at its main project, the Prairie Creek Mine in the Northwest Territories, to be more than expected due to the addition of more features and an increase in costs. It now expects to spend C$150-million...

Prairie Creek mine, Canada

A silver/zinc/lead mine located in the South Mackenzie mountains of the Northwest Territories, Canada.

Rare-earth element separation plant project, US or Canada

The project will see the development of a 10 000 t/y rare-earth element separation plant.

Avalon sees delays at Nechalacho rare earth project

Avalon Rare Metals said on Monday it expects delays in a feasibility study on its flagship Nechalacho rare earth project in Canada's Northwest Territories, as it needs more time to complete metallurgical studies. Toronto-based Avalon said the...

Harry Winston says Diavik production up 19%

TSX-listed miner Harry Winston Diamond on Tuesday said diamond production increased by 19% at the Diavik mine in Canada’s Northwest Territories. The mine, which Harry Winston owns with Rio Tinto, produced 1.6-million carats from 500 000 t of...

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them. For starters, both have major...

Seabridge options BC project to minnow

Seabridge Gold has optioned its Red Mountain project in British Columbia to Banks Island Gold to focus on its two other assets in Canada, the companies said on Thursday. To get 100% of Red Mountain, Banks Island must pay Seabridge a total of...

Projects pave the way for good fortune

Diversified resources firm Fortune Minerals is advancing two Canadian projects that stand it in good stead to become a reliable North American source of supply of specialty metals and specialty metallurgical coals.

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...

Slow start, but Canada diamond ice road operators not panicking

Above zero temperatures have set the 600-km ice road connecting diamond mines in Canada’s Northwest Territories with supplies slightly behind schedule since trucking began at the start of the month, but there is no reason to panic yet, the man...

Company Announcement: The Prospectors and Developers Association of Canada Announces 2012 Award Recipients

Toronto, December 22, 2011—The Prospectors and Developers Association of Canada (PDAC) is pleased to announce the recipients of its 2012 awards for outstanding contributions to and excellence in the minerals industry. The PDAC’s prestigious...