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Teck Resources beats profit estimates on energy business

By: Reuters     23rd April 2019 Canadian miner Teck Resources, the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said even though commodity prices were lower than a year ago,... 

NGEx to separate Argentina and Chile projects with spin-out

By: Mariaan Webb     18th April 2019 Vancouver-based copper/gold explorer and developer NGEx Resources has announced that it will spin out its Los Helados project, in Chile, into a wholly-owned subsidiary, Spinco, to allow it to focus on the more advanced Josemaría project, in Argentina, which is now advancing to the feasibility... 

Court ruling not affecting Almaden’s Ixtaca project

By: Creamer Media Reporter      16th April 2019 Vancouver-headquartered Almaden Minerals on Monday clarified that the mineral claims subject to a court ruling about the constitutionality of the Mexican title system did not form part of the current claims covering its Ixtaca deposit. A lower court in Puebla state had reportedly ruled that... 

Taseko produces copper at Florence

By: Creamer Media Reporter      12th April 2019 The production test facility at base metals miner Taseko Mines’ Florence copper project, in central Arizona, is fully operational and is producing copper, the Vancouver-headquartered company announced on Friday. It reported that, over a three-month period, about 1.5-million tons of copper ore had... 

Goldcorp shareholders approve Newmont’s $10bn takeover bid

By: Bloomberg     5th April 2019 The fate of a $10-billion mega-merger rests with Newmont Mining investors after Goldcorp shareholders overwhelmingly approved what could be the largest deal in gold mining history. Greater than 97% of Goldcorp shareholders voted for the merger at a special meeting in Vancouver, the miner said... 

Wenco to reveal Hitachi’s vision for autonomous mining at CIM 2019 convention

By: Creamer Media Reporter      4th April 2019 Wenco International Mining Systems, a subsidiary of Hitachi Construction Machinery (HCM), is scheduled to unveil Hitachi’s new global vision for autonomous mining systems at the 2019 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) convention, which takes place from April 28 to May 1... 

Canada's diamond miners are on their knees because size matters

By: Bloomberg     4th April 2019 The story of how two prospectors, down to their last nickels, discovered diamonds in Canada’s frozen north is the stuff of legend. Back in 1982, Chuck Fipke and Stewart Blusson laid low in a pup tent by day while their competitor De Beers hauled 45-gallon drums of rock samples to a nearby... 

Islamic State claims killing of Canadian geologist in Burkina Faso

By: Reuters     3rd April 2019 Islamic State carried out the kidnapping and killing of a Canadian citizen in Burkina Faso in January, the group's weekly newspaper Al-Naba said, claiming responsibility in its latest issue without providing evidence. Kirk Woodman's body was found on January 16, two days after his abduction by a... 

Sandfire boosts senior leadership ahead of Black Butte construction

By: Creamer Media Reporter      3rd April 2019 Vancouver-headquartered Sandfire Resources has appointed mining executive John McGonigle its CFO as the company continues to build its senior leadership team ahead of the planned construction and development of its underground Black Butte copper project in the US state of Montana. McGonigle was... 

Lundin Gold draws on senior bank debt

By: Creamer Media Reporter      3rd April 2019 Vancouver-based Lundin Gold has drawn $159-million under its previously announced senior secured debt facility to advance the development of the Fruta del Norte gold project, in Ecuador. The company now has $191-million remaining under the facility available to be drawn at its option. 

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