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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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Teck restructures senior management
Teck Resources announced a major senior management restructuring following multiple executive retirements, with four senior executives retiring by July 2016 after decades in the industry. The company is streamlining reporting relationships and promoting three internal executives to new senior roles to better align with current business conditions.
Goldcorp announces senior management changes
Goldcorp announced significant senior management changes as part of a strategic reorganization focused on decentralized operations and capital optimization. Russell Ball was promoted to CFO, replacing Lindsay Hall, while Charlie Ronkos departed as SVP Exploration. The restructuring aims to empower mine general managers as business owners while maintaining a leaner head office structure.
Vale’s CEO dies in kit-built aircraft crash
Vale's former CEO Roger Agnelli died in a private aircraft crash in Brazil along with his family. Agnelli transformed Vale from a state-owned company into the world's largest iron ore producer during his tenure from 2001-2011.
Lucara Diamond makes history with 1,100+ carat gem-quality diamond discovery in Botswana
Lucara Diamond Corp. discovered an exceptional 1,100+ carat gem-quality Type IIa diamond at its Karowe mine in Botswana, marking the second largest diamond ever recovered globally. The historic find, named Lesedi La Rona, will be auctioned by Sotheby's with a pre-sale estimate of $70 million.
CoalTech turns coal mine waste into savings with newly launched coal pellets
CoalTech has successfully launched coal pellets made from coal mine waste (coal fines) that can be used by power plants to generate electricity. The technology addresses the disposal challenge of 30 billion metric tons of hazardous coal fines globally while increasing mine performance by 20%.
Saskatchewan tops for mining investment in Canada
The Fraser Institute's 2015 mining survey ranked Saskatchewan second globally for mining investment attractiveness, maintaining its position from 2014. The survey evaluated 109 jurisdictions based on mineral potential and policy factors, with Western Australia taking first place and Ireland leading on policy perception alone.
First Quantum Minerals announces the sale of its Kevitsa Mine for US$712 million to Boliden
First Quantum Minerals has agreed to sell its Kevitsa nickel-copper-platinum mine in Finland to Boliden AB for US$712 million. The transaction is part of First Quantum's strategy to strengthen its balance sheet and improve capital structure to support development of its Cobre Panama project. The sale is expected to close in May 2016 pending regulatory approvals.
Hatch marks new era of positive change
Engineering consultancy Hatch announced a strategic repositioning to address changing market conditions affecting mining and energy clients. CEO John Bianchini outlined the company's enhanced services strategy at PDAC 2016, emphasizing innovation partnerships and improved client service delivery.
Britespan wins 2016 Small Business of the Year Award
Britespan Building Systems Inc. has been awarded the 2016 Small Business of the Year Award by the AIR MILES Reward Program. The award recognizes the company's innovative engineering solutions and commercial success across North America.
The Rare Earths Market: Thriving, but Threatened by Illegal Mining and Production in China
InvestorIntel announces Professor Dudley Kingsnorth as keynote speaker for the 5th Annual Cleantech & Technology Metals Summit in Toronto, May 10-11. His presentation will focus on how illegal rare earths mining in China threatens global supply chains and non-Chinese producers. The summit features technology metals experts discussing critical minerals demand growth and cleantech industry impacts.
Hitachi introduces five mining electric drive shovels
Hitachi Construction Machinery introduced five new electric drive mining shovels (EX1900E-6 to EX8000E-6) to U.S. and Latin American markets. The zero-emission electric drive motors are designed to reduce operating costs where low-cost electricity is available. The shovels feature reduced maintenance requirements and eliminate consumables like engine oil, filters, and coolant.
Mining’s contributions to Canada strong despite downturn
The Mining Association of Canada's Facts & Figures 2015 report shows mining contributed $57 billion to Canada's GDP in 2014 despite market volatility. The industry directly employed over 375,000 people and remains the largest private sector employer of Aboriginal peoples proportionally.
Liebherr-Canada Ltd. unveils impressive new and improved facilities
Liebherr-Canada completed $24 million in facility investments during 2015, including a new state-of-the-art mining remanufacturing facility in Acheson, Alberta and an expanded facility in Burlington, Ontario. The company also appointed Tim Petersen as Managing Director to help lead the expanding business with over 330 employees.
PDAC recommends measures to support the Canadian mineral exploration sector in pre-budget submission
PDAC submitted pre-budget recommendations to the federal government calling for a temporary increase of the Mineral Exploration Tax Credit to 30% and dedicated infrastructure funding for northern Canada. The submission highlights that exploration financing has fallen over 90% since 2007, threatening Canada's junior exploration sector.
Kickstarter campaign hopes to pay tribute to Robert Service and his influence on mining in Canada
Kurt Breede from Watts, Griffis, and McQuat Ltd. has launched a Kickstarter campaign to fund production of a teaser trailer for 'Klondike - The Shooting of Dan McGrew,' a screenplay based on Robert Service's Klondike Gold Rush poems. The project aims to pay tribute to Service's contributions to Canadian literature and highlight mining's role in shaping Canada's northern identity.
New Procon CEO John McVey is ready to tackle Canada’s toughest mining challenges
John McVey has been appointed as the new CEO of Procon, a 700-employee mining services company focused on underground mining and industrial solutions across Canada. The company is diversifying geographically and expanding its service offerings to weather challenging commodity price conditions, with strong performance in diamond and potash mining sectors.
The search is on to recognize engineers who have excelled in the Canadian Metals industry
The Metallurgy & Materials Society of CIM announced its 2016 awards program to recognize excellence in the Canadian metals industry, with nominations open until March 1, 2016. Recipients will be honored at the 55th Annual Conference of Metallurgists in Quebec City on September 12, 2016, with support from major industry sponsors including Hatch, Rio Tinto, and Teck Resources.
Looking at an environmentally stabilizing mine remediation technique
Anglo American is developing Fungcoal, an innovative mine remediation technique that uses fungi and weathered coal to create soil fertilizers, reducing topsoil requirements by up to 90%. The technology is being trialed at four coal mines across 30 hectares and could address the global topsoil shortage crisis.
Teck sues Alaska over massive tax hike
Teck Resources has filed a lawsuit against Alaska over proposed tax increases that could more than triple the company's annual payments and threaten the competitiveness of its Red Dog zinc mine. The Vancouver-based company argues the tax hike could put jobs at risk at one of the world's largest zinc operations.
Xylem has made water system improvements easy with a four-step process
Xylem Applied Water Systems has introduced a four-step process to help mining operations optimize their water pumping systems for improved efficiency and reduced downtime. The company, which serves over 140 countries, is maintaining growth plans in the mining sector despite industry downturns and focuses on minimizing total cost of ownership through systematic pump audits and optimization.
Oil price drop improves mining companies’ position regarding long-term renewable energy contracts
Falling oil prices have improved mining companies' negotiating positions for long-term renewable energy contracts. While lower diesel costs make the immediate business case for solar and wind less attractive, mining companies can now lock in favorable 20+ year power purchase agreements before oil prices recover.
TransCanada commences legal actions following Keystone XL denial
TransCanada filed legal challenges under NAFTA and in U.S. federal court following the denial of the Keystone XL Pipeline permit, seeking over US$15 billion in damages. The company expects a $2.5-2.9 billion after-tax write-down in Q4 results due to the permit denial but maintains its dividend growth guidance.
Saskatchewan’s Cameco sets production outlook for Cigar Lake operation
Cameco announced that its Cigar Lake uranium operation is expected to produce 16 million packaged pounds of uranium concentrate in 2016, with Cameco's share being 8 million pounds. The production target is subject to regulatory approval to increase the McClean Lake mill's licensed production capacity from 13 million to accommodate the higher output.
Terrestrial Energy announces completion of CAD$10 million Series A funding
Terrestrial Energy, a Canadian advanced nuclear technology company, has completed a CAD$10 million Series A funding round to advance its Integral Molten Salt Reactor (IMSR) technology. The funds will support pre-construction engineering, pre-licensing work, and regulatory engagement as the company moves toward commercializing its next-generation nuclear reactor technology in the 2020s.