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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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Building a culture of safety is a slow process
PDAC and AME BC released their annual safety survey showing the Canadian mineral exploration industry continues to improve safety practices, with 93% of respondents having health and safety programs in 2013. However, challenges remain including fewer companies participating in the survey and only 62% of boards having safety as a standing agenda item.
Vote for Ulmer Contracting—they are the Canadian ultimate crew finalist in Vermeer’s crew search
Ulmer Contracting from Vancouver has been selected as the only Canadian crew among 8 finalists in Vermeer's Ultimate Horizontal Directional Drilling Crew contest. The winning crew will receive a new Vermeer D24x40 Series II drill for twelve months and compete at ICUEE 2015 in Louisville, Kentucky.
Offering drillers a new way to reduce water consumption
Fordia has developed a new water treatment system (WTS) that allows drilling operations to recycle up to 80% of their water by separating cuttings from drilling fluids. The lightweight, portable system is currently being tested at customer sites and addresses municipal water restrictions that often force drilling operations to halt.
Temex Board receives superior proposal from Lake Shore Gold Corp.
Temex Resources Corp. received a superior acquisition proposal from Lake Shore Gold Corp. to acquire all outstanding Temex shares through a court-approved plan of arrangement. The offer provides Temex shareholders with 0.105 Lake Shore shares per Temex share, representing a 106% premium to recent trading prices.
Teck Announces Carmen de Andacollo gold stream
Teck Resources announced a long-term gold offtake agreement at its Carmen de Andacollo mine in Chile, receiving a $525 million advance payment from Royal Gold while increasing its cash position by $162 million. The deal restructures Teck's gold streaming arrangements and provides significant upfront capital for the company.
Trusterra Technologies announces new mobile platform designed to document workplace hazards
Trusterra Technologies has launched ScoopMAE, a mobile platform designed to improve workplace safety in mining and energy operations by allowing workers to instantly document and report hazards. The app features customizable reporting tools, data analytics, and multimedia capabilities specifically designed for large industrial sites. The platform aims to transform traditional safety reporting from siloed, manual processes into an integrated, collaborative system.
Barrick’s Zaldivar copper mine draws final bids—Teck reportedly still in the running
Multiple major mining companies including BHP, Teck Resources, HudBay Minerals and China Molybdenum have submitted final bids for Barrick Gold's 50% stake in the Zaldivar copper mine in Chile. The mine is valued at over $2 billion with a decision expected by early August 2015.
Integra Gold Corp. launches $1,000,000 crowd-sourcing gold rush challenge
Integra Gold Corp. launched an unprecedented $1,000,000 crowd-sourcing challenge to find new gold targets at its Sigma-Lamaque property in Quebec. The company is releasing 6 terabytes of historical mining data spanning 75+ years to the public in September, including over 30,000 drill holes and 50,000 gold assays. Winners will be announced at PDAC in March.
Report says K+S $8.7B takeover bid by Potash Corp rejected
Potash Corporation of Saskatchewan's $8.7 billion takeover bid for German company K+S AG has been rejected, with K+S saying the offer is too low and undervalues their Saskatchewan Legacy potash project. The acquisition would have given PotashCorp control of about 30% of the global potash market and access to the Legacy project which is set to begin production next year.
Britespan Building Systems Inc. honoured as Industry Supplier of the Year
Britespan Building Systems Inc. was honored as Industry Supplier of the Year at the 2015 Canada Oil & Gas Awards ceremony in Calgary. The company was recognized for providing innovative, modular building solutions to the oil and gas sector with superior customer service and corporate social responsibility initiatives.
Saskatchewan ranks tops in Canada in Fraser Institute mining survey
The Fraser Institute's 2014 mining survey ranked Saskatchewan as the top Canadian jurisdiction and second globally for mining investment attractiveness, behind only Finland. British Columbia dropped significantly from 16th to 28th place, with policy concerns outweighing its strong mineral potential.
Teck could raise $1B from silver stream sales to Silver Wheaton, TD says
Teck Resources is reportedly considering selling approximately 75% of its silver production from three major mines to Silver Wheaton for around $1 billion. The potential deal would involve silver streams from the Antamina, Red Dog and Highland Valley mines, helping Teck raise capital for copper acquisitions while providing Silver Wheaton with immediate growth of 6.2 million ounces of annual silver production.
Mine 2015: PWC’s 12th annual review - top trends in the global mining industry
PWC's annual Mine 2015 report reviews a challenging year for the Top 40 mining companies, which lost $156 billion in market value amid prolonged commodity price downturns. Companies focused on cost reduction and capital spending cuts, while M&A activity slowed dramatically compared to the 2011 commodity price peaks.
BluMetric wins $3.2 million Vale environmental engineering contract
BluMetric Environmental was awarded a $3.2 million environmental engineering contract by Vale Canada Limited, with potential for five-year duration and future growth. The contract involves hydrology, hydrogeology, and groundwater management services for Vale's facilities.
Teck among final bidders for $2B Chilean copper mine
Barrick Gold Corp. is seeking a buyer for a 50% stake in its Zaldivar copper mine in Chile, with the asset potentially valued at over $2 billion. BHP Billiton and Teck Resources are among the final bidders, with some parties interested in acquiring the entire mine and a decision expected in July.
Dillon Gage launches precious metal platform for Canadian retirement accounts
Dillon Gage Metals launched a Closed Loop RRSP platform enabling Canadian coin dealers to set up self-directed retirement accounts for clients to purchase and store precious metals. The platform partners with Questrade Inc. and stores metals at International Depository Services of Canada in Toronto. This streamlines the previously complex process of using RRSP funds to buy investment-grade gold and silver coins and bullion bars.
Recent developments in Eastern Europe’s Mining industry
Eastern European countries are ramping up mining activities with Hungary opening coal concession bids, Czech Republic supporting uranium mining renewal, and Poland showing 2% coal production growth. The developments align with regional energy strategies and growing nuclear power demand from Asia.
Barrick to sell part of Chilean copper mine – Zaldivar
Barrick Gold Corp. plans to sell part of its Chilean Zaldivar copper mine to reduce its $13 billion U.S. debt burden amid slumping copper and gold prices. The partial sale represents a major strategic shift away from copper for the world's biggest gold producer, which is targeting $3 billion in debt reduction this year.
The top 10 issues mining companies will face this year
Deloitte released its 'Tracking the Trends 2015' report identifying the top 10 challenges facing mining companies this year. Key issues include operational excellence, innovation adoption, energy costs, project pipeline constraints, financing difficulties for juniors, talent acquisition, geopolitical uncertainty, stakeholder engagement, and government relations.
Spenceley brings wealth of global mining experience to Black & Veatch
Black & Veatch appointed Jim Spenceley as Senior Vice President for Mining to focus on energy, water and telecommunications solutions for mining clients. The appointment comes as mining companies face pricing pressures and need expertise to improve efficiency and capital investment positioning.
Today’s coal essential for a bright energy future
Industry perspective article highlighting coal's role in the energy mix, emphasizing affordability, reliability and technological advances. Advocates for continued coal use alongside clean technologies and carbon capture for future energy security.
Is Northern Europe the new mining Eldorado?
The article discusses Northern Europe's emerging potential as a major mining destination, highlighting significant mineral reserves across Finland, Sweden, Greenland and Norway. It announces the Europe Mining Summit 2015 in Amsterdam to explore investment opportunities in the region.
Why Canada’s mining companies will survive the downturn
Amec Foster Wheeler's Dave Lawson provided commentary at PDAC on the mining downturn, noting Canadian companies are better positioned than global peers. He attributed the downturn to reduced Chinese demand and increased market volatility from greater information access, but expressed optimism for recovery.
Hatch and First Pac West sign joint venture agreement
Hatch, Canada's top privately-held design firm, and First Pac West, a Canadian Aboriginal company, signed a five-year joint venture agreement to provide innovative remote accommodation solutions for mining, energy and infrastructure projects worldwide. The partnership combines Hatch's engineering expertise with First Pac West's innovative Solace System, which is 25% more energy efficient than traditional site accommodation facilities.