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The growing trend of working abroad has reached the mining industry, and as a result, many Canadian mining companies have set up exploration sites worldwide. In this section of Mining and Energy, we will monitor hot commodities, profile co...
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Canadian Institute of Steel Construction welcomes Canadian International Trade Tribunal’s findings
The Canadian International Trade Tribunal ruled that dumped and subsidized fabricated industrial steel components from China, Korea, and Spain have injured Canada's domestic steel industry. Anti-dumping and countervailing duties will remain in place for five years, helping Canadian steel fabricators compete fairly for industrial facility projects including oil, gas, mining, and power generation.
Kennady Diamonds announces Faraday 2 bulk sample diamond recovery results
Kennady Diamonds reported diamond recovery results from its Faraday 2 kimberlite bulk sample, yielding 737.6 carats from 262.6 tonnes for a grade of 2.81 carats per tonne. The results confirm the high-grade potential of the deposit and include 45 diamonds over one carat, with the largest being a 4.72-carat white octahedron. The diamond quality and size distribution appear superior to the company's Kelvin deposit.
Atlas Copco announces Epiroc as name of the company to be dividended out in 2018
Atlas Copco announced it will name its mining and civil engineering division 'Epiroc' when it spins off the business in 2018, subject to shareholder approval. The new company will focus exclusively on mining and civil engineering customers while Atlas Copco retains industrial customers.
Solar-diesel and wind-diesel microgrids for off-grid mines gain momentum—new projects expected
Iamgold announced a 12.5 MW solar PV plant for its Essakane gold mine in Burkina Faso under a 15-year power purchase agreement, while Nevsun added a 7.5 MW solar plant at its Bisha mine in Eritrea. Industry experts expect 5-8 additional renewable energy PPAs for mining operations to be signed before the end of 2017, as solar-diesel and wind-diesel hybrid microgrids gain momentum in off-grid mining applications.
New winds are blowing: Canada’s energy shifts to renewable resources
Canada is significantly shifting toward renewable energy, with wind power contributing 4% of national electricity generation in 2015. Alberta plans to add 5,000 renewable megawatts by 2030 and eliminate coal-fired power, while wind energy is expected to create 52,000 jobs through the WindVision 2025 initiative.
Silver Wheaton changes name to Wheaton Precious Metals
Silver Wheaton Corp has changed its name to Wheaton Precious Metals Corp to better reflect its evolution from a pure silver streaming company to a diversified precious metals streaming company. The company will begin trading under the new ticker symbol WPM on May 16, 2017, on both TSX and NYSE exchanges.
Two national safety awards for De Beers Canada
De Beers Canada received two prestigious national safety awards at the CIM annual convention, with Victor Mine winning its second consecutive John T. Ryan Award for lowest accident frequency rate and Gahcho Kué Mine receiving the Hatch-CIM Project Development Safety Award. These awards recognize the company's outstanding safety performance and establish De Beers Canada as a global mining safety leader.
Rare $10 million 7.5 carat flawless blue diamond arrives in Canada
Flawless Management's CEO Kashif Khan is bringing a rare $10 million flawless 7.5 carat fancy blue diamond to Canada to celebrate the launch of Canada's first rare coloured diamond investment fund. The fund allows Canadians to invest in rare coloured diamonds through registered savings accounts like RRSPs, with pink diamonds having increased 400% in value over the past decade.
Gaping holes revealed in Arctic oil-spill response plans
WWF-Canada released reports revealing major gaps in Arctic oil spill response preparedness, with remote communities lacking basic equipment, training, and reliable communications. The research found response times can be over 10 times longer than southern waters, leaving Arctic communities vulnerable as shipping traffic increases.
Novagold’s first quarter results highlight progress on Donlin Gold’s environmental impact statement
Novagold reported Q1 2017 progress on permitting its flagship Donlin Gold project in Alaska, with the U.S. Army Corps of Engineers advancing the final Environmental Impact Statement expected in early 2018. The company highlighted the project's exceptional 39 million ounce gold resource and projected 27-year mine life with average annual production of 1.1 million ounces.
Louis Martel takes the helm of The CSL Group as President and CEO
The CSL Group announced that Louis Martel has been appointed President and CEO of the global shipping company, succeeding Rod Jones after an eight-month transition process. Martel brings 20 years of experience with CSL, having previously served as President of Canada Steamship Lines and most recently as President of CSL International and Executive Vice-President of The CSL Group.
MABC announces departure of President and CEO
The Mining Association of British Columbia announced the departure of President and CEO Karina Briño, who will leave in May 2017 for a new industry role in Chile. Briño led the organization since August 2011 through significant regulatory changes and commodity price volatility, strengthening the association's influence and financial position.
Rail cars arrive at K+S Potash Canada’s Legacy Project
K+S Potash Canada received the first 177 of 531 custom rail cars at its Legacy Project mine site in Saskatchewan, marking a significant milestone toward production expected to begin in Q2. The cars will transport potash to the company's Port Moody facility via newly constructed CP rail infrastructure, representing Saskatchewan's first new potash mine in over 40 years.
CanAlaska March 2017 update: uranium, copper and diamond exploration
CanAlaska Uranium provided a comprehensive exploration update across multiple projects including uranium exploration in the Athabasca Basin, copper-zinc targets near the former Ruttan mine, and diamond exploration activities. The company reported drilling results showing uranium mineralization at Moon South and outlined plans for upcoming drill programs across several properties operated by major partners including AREVA, Cameco, and Denison.
Digging deep into metals & minerals: Scotiabank Special Report
Scotiabank released its March 2017 Commodity Price Index showing a 6.4% monthly gain driven by strong metals and oil performance. The report provides price forecasts for major commodities through 2018, with zinc showing the strongest fundamentals due to concentrate shortages. The timing coincides with the annual PDAC convention in Toronto, reflecting renewed optimism in the mining sector after prices hit cycle lows in 2016.
“CanaPux” – converting crude oil to solid pellets touted by CN
CN Rail has filed a patent for CanaPux technology that converts oil sands bitumen into solid pellets wrapped in polymer for safer rail transport. The pellets are designed not to explode, leak, or sink if spilled, and can be easily retrieved in case of accidents.
Dragon-Den style #DisruptMining announces five finalists
#DisruptMining announced five finalists for their Dragon Den-style technology showcase event to be held March 5, 2017 at the Carlu Toronto during PDAC. The finalists include companies developing bio-mining recovery, underground ore transport systems, AI-powered exploration targeting, real-time drilling data, and blockchain gold trading platforms.
The AME announces that Gavin Dirom, the current President and CEO, will be leaving the organization
The Association for Mineral Exploration (AME) announced that President & CEO Gavin C. Dirom will be leaving the organization this spring after eight years of leadership. Under Dirom's guidance, AME has grown to represent over 415 corporate and 4,200 individual members while advocating for BC's mineral exploration industry through market downturns. The board has initiated an executive search process for a new CEO.
Wind energy continues strong growth in Canada in 2016
Canada's wind energy industry added 702 MW of new capacity in 2016 through 21 projects across Ontario, Quebec and Nova Scotia, bringing total installed capacity to 11,898 MW. The Canadian Wind Energy Association expects approximately 700 MW of additional capacity in 2017, with wind energy remaining one of Canada's most cost-competitive electricity sources alongside natural gas.
US Mines produced an estimated $74.6 Billion in minerals during 2016
The USGS reported that US mines produced $74.6 billion worth of minerals in 2016, with the country becoming 100% import reliant on 20 critical mineral commodities including rare earths and manganese. The report highlighted declining domestic production in key sectors like aluminum and iron ore, while industrial minerals production reached $51.6 billion.
NOVAGOLD reports excellent 2016 results: advances toward Final Environmental Impact Statement
NOVAGOLD reported 2016 progress on its 50%-owned Donlin Gold project in Alaska, with the draft Environmental Impact Statement public comment period completed and final EIS expected in early 2018. The company also advanced the Galore Creek copper-gold-silver project in British Columbia and strengthened community partnerships.
Encanto Potash finalizes massive deal with India’s National Federation of Farmers
Encanto Potash Corp has finalized a historic 20-year offtake agreement with India's National Federation of Farmers to supply a minimum of 5 million tonnes per year of muriate of potash. The deal addresses India's food security concerns and 100% reliance on potash imports, while advancing Encanto's flagship Muskowekwan project in Saskatchewan in partnership with Muskowekwan First Nation.
Corvus Energy to deliver ultra high power battery solution for hybrid port equipment
Corvus Energy will provide newly-designed lithium-ion energy storage systems for hybrid rubber-tired gantry cranes at Shanghai's Yidong Terminal. The ultra high power battery solution delivers up to 65% fuel savings compared to conventional diesel electric port cranes while reducing emissions and noise levels.
Career BUZZ: Top Jobs in Mining & Energy - January 20 issue
Mining and Energy magazine has compiled 10 featured career opportunities from leading companies across Canada's mining and energy sectors. The positions range from operations supervisors and mine foremen to specialized roles in oil and gas facilities, spanning provinces from British Columbia to Ontario and Manitoba.