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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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CSE tallies another record year in 2016; personnel, infrastructure additions strengthen 2017 outlook
The Canadian Securities Exchange reported record trading results for 2016 with trading volume rising 159% to 6.4 billion shares and trading value increasing 334% to $1.5 billion. The exchange completed integration of a new trading system and added experienced personnel to strengthen its position for 2017 growth.
Mexican energy reform: follow “first movers” to find oil and gas opportunities in the south
International Frontier Resources Corp. was awarded Tecolutla Block 24 in Mexico, becoming the first Alberta company to secure an onshore oil and gas field under Mexico's historic energy reform. The company formed joint venture Tonalli Energia and expects to begin operations in the first half of 2017, positioning itself as a 'first mover' in what it considers one of the world's largest energy investment opportunities.
McEwen leads extraordinary list of Mining Hall of Fame Inductees
The Canadian Mining Hall of Fame announced five new inductees for its 29th Annual Induction Ceremony, led by mining entrepreneur Robert McEwen who transformed Goldcorp into a global gold powerhouse. The inductees represent diverse mining sector contributions from oil sands development to gold mining and mineral policy expertise.
NioCorp signs land acquisition agreements for Elk Creek Superalloy Materials Project: Nebraska
NioCorp Developments has signed 21 land acquisition agreements covering 4,078 acres in Nebraska for its Elk Creek Superalloy Materials Project, which will produce niobium, scandium, and titanium. The agreements provide exclusive mineral exploration rights and the right to acquire mineral and surface rights over five-year terms, advancing the project toward planned 2017 construction launch.
Airships considered for more environmentally friendly mining in remote locations
Quest Rare Minerals is partnering with Lockheed Martin to use airships for transporting rare earth materials from their Strange Lake project in remote northeastern Quebec, eliminating the need for road construction. The innovative solution addresses both environmental concerns and logistical challenges, with production targeted for 2021.
Goldcorp debuts “all-electric” mine—eliminates diesel usage
Goldcorp is developing Canada's first all-electric underground mine at its Borden Gold project, partnering with Sandvik Mining and MacLean Engineering to eliminate diesel usage. The initiative will reduce greenhouse gas emissions by 5,000 tons of CO2 annually and decrease ventilation requirements by 50%. The first battery-powered equipment is scheduled to begin operations in the second half of 2017.
Career BUZZ: Top Jobs in Mining & Energy - December 16 issue
Mining and Energy magazine featured 10 top career opportunities across Canada's mining and energy sectors, highlighting positions from senior management roles at major projects to specialized technical positions. The featured opportunities span from Riversdale's Grassy Mountain coking coal project in Alberta to northern abandoned mine remediation roles and oil sands operations.
13 research projects deploy genomics to address challenges in Canada’s natural resources
The Canadian government announced $32 million in federal funding for 13 large-scale genomics research projects targeting natural resource challenges, with an additional $78 million from co-funders. The projects focus on applying genomic technologies to solve problems in mining, forestry, fisheries, and environmental protection, including climate change adaptation and water contamination prevention.
The Northern Miner cuts frequency by 50%—drops to 26 issues a year
The Northern Miner, after 101 years of weekly publication, is reducing its frequency by 50% to publish bi-weekly starting with 26 issues per year instead of 52. The mining industry publication plans to maintain the same content volume by producing larger 24-page editions every two weeks.
Career BUZZ: Top Jobs in Mining & Energy—December 2 issue
Mining and Energy magazine featured 10 career opportunities from leading Canadian companies across various sectors. The positions span from shift supervisors to general managers at operations in British Columbia, Alberta, Saskatchewan, and Manitoba, covering mining, energy, and construction sectors.
Kazzinc commits to RungePincockMinarco’s (RPM’s) Enterprise Planning Platform
Kazzinc, a Glencore-owned major zinc and gold producer in Kazakhstan, has selected RungePincockMinarco's Enterprise Planning Platform to be implemented alongside SAP systems. The technology deployment will span Kazzinc's entire operation including four underground mines, two open pits, and a concentrator plant to improve operational efficiency and real-time planning capabilities.
Coal Association of Canada “disappointed” with federal coal phase-out announcement
The Coal Association of Canada expressed disappointment with the federal government's announcement to accelerate the phase-out of traditional coal-fired power generation by 2030. The organization advocates for investment in cleaner coal technologies and carbon capture storage rather than an accelerated phase-out that could result in job losses.
Mazda’s Clean Diesel announcement signals renewed interest in diesel passenger vehicles in U.S.
Mazda announced it will bring its clean diesel CX-5 SKYACTIV-D SUV to the U.S. market in 2017, featuring a 2.2-litre diesel engine with SCR after-treatment system. The move signals renewed interest in diesel passenger vehicles in the U.S. market, with diesel offering 30% better fuel efficiency than comparable gasoline vehicles.
Senator Jon Tester urges US Government to address coal mining pollution concerns of Lake Koocanusa
U.S. Senator Jon Tester urged the Obama administration to address water quality concerns at Lake Koocanusa caused by coal mining pollution from British Columbia operations in the Elk River Valley. Teck Resources responded by highlighting their water treatment facilities and comprehensive watershed protection plan currently being implemented.
Teck updates coal guidance—ups projected realized price to $205 per tonne
Teck Resources raised its Q4 2016 coal price guidance to $200-205 per tonne, up from the previously implied $185, due to strong steelmaking coal spot prices. Sales volume guidance remains at 6.5 million tonnes.
Career BUZZ: Top Jobs in Mining & Energy - October 21 issue
Mining and Energy magazine featured 10 job opportunities from leading companies across western Canada in their weekly career spotlight. The positions span various sectors including mining equipment manufacturing, oil and gas operations, and engineering services, highlighting diverse career paths available in the resource sector.
Positive signs put junior miners in a good position for recovery - PwC report
PwC Canada's 2016 Junior Mine report shows mining companies now represent over 50% of TSXV market capitalization, up from 36% in June 2015, with top junior miners seeing market cap increases of over 100%. The report highlights a 22% gold price increase driven by global political uncertainty, improved financing activity, and renewed investor interest in junior mining assets.
Monarques Gold awards Ressources Ménitik a contract to upgrade the Chimo Road
Monarques Gold awarded Ressources Ménitik the contract to upgrade Chimo Road to enable installation of a 26-kilometre power line for the Croinor Gold deposit. The power line will reduce production costs and environmental impact, with Quebec providing up to $2.74M in grants for the project.
Carbon pricing is pushing mines to look at renewables
Carbon pricing in Canada is driving mining companies to adopt renewable energy solutions to reduce greenhouse gas emissions and stabilize energy costs. Leading companies like Barrick Gold, IAMGOLD, and Goldcorp are investing in renewables and mine electrification to mitigate carbon risk and improve their social license to operate.
Martin Thompson appointed President and CEO of RSA Canada
RSA Canada has appointed Martin Thompson as permanent President and CEO, effective immediately, following his interim role since July 2016. Thompson brings nearly 20 years of experience with RSA Group and previously held senior leadership roles including Senior Vice President of Commercial Insurance and Global Specialty Lines.
LNG becoming increasingly popular in powering the mining industry
LNG is gaining momentum as a power source in the mining industry, with multiple companies piloting LNG-powered haul trucks and power generation systems. Teck Coal is leading Canadian adoption with six LNG haul trucks, while several major mining companies are implementing LNG solutions to reduce emissions and operating costs.
Career BUZZ: Top Jobs in Mining & Energy - October 7 issue
Mining and Energy magazine featured 10 top career opportunities from leading companies across western Canada, ranging from mining database management to oil and gas operations. Positions include roles at Maxwell GeoServices, Trevali Mining, SITE Energy Services, and other major industry players with salaries up to $95,000 annually.
A new, cost-efficient compact hybrid system for solar–diesel microgrids targets the Mining Industry
Danvest and Pon Power launched a new Compact series of solar-diesel hybrid power systems specifically targeting the mining industry. The plug-and-play systems deliver 30-40% annual fuel savings and can run on 100% solar power during peak radiation periods with diesel generators providing spinning reserve.
Ritchie Bros. to acquire IronPlanet to accelerate its customer centric multi‐channel diversification
Ritchie Bros. Auctioneers announced it will acquire online equipment marketplace IronPlanet for approximately US$758.5 million to create a multi-channel industrial equipment sales platform. The acquisition combines Ritchie Bros.' live auction capabilities with IronPlanet's online marketplace strength, targeting the construction, mining, energy, and other industrial sectors.