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Global.
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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Women in Mining announces CEO Marie Inkster as keynote speaker at Mining for Diversity Reception
Women in Mining Canada announced Marie Inkster, President and CEO of Lundin Mining, as keynote speaker for the Mining for Diversity Reception at PDAC 2019. The event celebrates women's achievements in mining and presents various awards including Trailblazer and mentorship recognition.
Fura pilots Provenance Proof Blockchain to promote transparency in coloured gemstone industry
Fura Gems has partnered with Gübelin Gem Lab and Everledger to launch the first blockchain technology platform for the coloured gemstone industry, using emeralds from its Coscuez mine in Colombia to test the system. The Provenance Proof Blockchain provides free, smartphone-accessible supply chain transparency and traceability for gemstones from mine to market.
Silver Market Trends - 2019
The Silver Institute forecasts a 7% increase in silver prices to $16.75 per ounce in 2019, driven by growing industrial demand (particularly from automotive and solar sectors) and increased investment demand. Silver mine production is expected to decline 2% while physical investment demand should rise 5%, creating a balanced market where all produced silver is absorbed by downstream sectors.
Ballard-powered New Flyer fuel cell electric buses ready to deliver zero-emission transit in U.S.
Ballard Power Systems announced that New Flyer's hydrogen fuel cell electric buses powered by Ballard's FCveloCity-HD 85kW modules have completed Federal Transit Administration testing at Altoona. The buses are now commercially available for purchase with FTA funding and eligible for California's $300,000 HVIP voucher incentives.
The Royal Canadian Mint celebrates 40 years of leadership and innovation
The Royal Canadian Mint celebrates 40 years of its Gold Maple Leaf bullion coin with a special anniversary edition limited to 15,000 coins worldwide. The coin maintains the signature 99.99% purity and features gold sourced exclusively from Canadian mines, highlighting four decades of innovation that established it as the world's favorite gold bullion coin with nearly 30 million ounces sold.
New President and CEO, Mairead Lavery takes over at EDC
Export Development Canada appointed Mairead Lavery as President and CEO effective February 5, 2019, replacing Benoit Daignault after his 15-year tenure. EDC also unveiled a new Climate Change Policy that commits to no new financing for thermal coal projects and sets targets to reduce the carbon intensity of its lending portfolio starting in 2020.
Petro-Canada to provide EV drivers with Canada’s first coast-to-coast network of fast chargers
Suncor's Petro-Canada division announced plans to build Canada's first coast-to-coast electric vehicle fast charging network, with over 50 stations along the Trans-Canada Highway. The stations will feature 200 kilowatt DC fast chargers capable of upgrading to 350 kilowatts, with construction beginning spring 2019.
First Cobalt begins permitting and environmental programs at Iron Creek
First Cobalt has engaged Brown and Caldwell to begin permitting and environmental baseline studies at its Iron Creek cobalt-copper project in Idaho. The company is advancing both Iron Creek and its Ontario refinery as part of its 2019 strategy to develop North America's first primary cobalt production capabilities. An updated resource estimate is expected by end of Q1 2019, with a preliminary economic assessment planned for the second half of the year.
Rockridge Resources establishes Technical Advisory Board with Mining Hall of Famer Ronald Netolitzky
Rockridge Resources announced the appointment of Canadian Mining Hall of Fame member Ron Netolitzky as the first member of its Technical Advisory Board. Netolitzky brings decades of experience including direct involvement in three major Canadian mineral discoveries that became producing mines, and has knowledge of the area around Rockridge's flagship Knife Lake Project in Saskatchewan.
CanAlaska appoints Chief Operating Officer
CanAlaska Uranium appointed Cory Belyk as Chief Operating Officer, bringing 30 years of experience including previous roles with Cameco's international operations. Belyk was part of the team that made the first uranium discoveries at Fox Lake and CanAlaska's West McArthur project. The appointment comes as the company sees positive trends in the uranium industry.
MineHub Technologies collaborates with IBM to introduce mining solution using blockchain technology
MineHub Technologies and IBM announced a collaboration to introduce blockchain technology for the mining supply chain, with major companies including Goldcorp, Kutcho Copper, and Wheaton Precious Metals participating. The first use case will manage concentrate from Goldcorp's Penasquito Mine in Mexico, aiming to increase automation and reduce costs in the $1.8 trillion global mining market.
CanAlaska to drill Manibridge high grade nickel zone
CanAlaska Uranium has signed drilling contracts to test high-grade nickel targets at its Manibridge project in Manitoba's Thompson Nickel Belt. The company will conduct 1,000 metres of core drilling on a 400-metre long high-grade nickel zone within a broader 1,200-metre mineralized horizon. CanAlaska is working with Canada Metals on a potential long-term funding agreement for the 100%-owned project.
New Cat D6 debuts world’s first high drive electric drive dozer
Caterpillar has launched the new Cat D6 dozer series, featuring the world's first high drive Electric Drive technology. The D6 XE offers up to 35% better fuel efficiency compared to previous models, with payback expected in less than two years for customers choosing the electric drive option.
Teck announces US$1.2 billion Quebrada Blanca transaction; QB2 construction to proceed
Teck Resources secured US$1.2 billion from Japanese partners Sumitomo Metal Mining and Sumitomo Corporation for a 30% stake in the Quebrada Blanca Phase 2 copper project in Chile. The Teck board approved full construction of QB2, targeting first production in second half 2021. The transaction significantly reduces Teck's funding requirements and de-risks the US$4.739 billion project.
Teck announces investment in Sun Metals
Teck Resources acquired a 13.8% stake in Sun Metals Corp for $3.5 million through a private purchase of 12.5 million shares at $0.28 each. The investment gives Teck exposure to Sun Metals' flagship Stardust exploration project in north central British Columbia.
Mason Graphite congratulates NanoXplore on its construction financing
Mason Graphite congratulated partner NanoXplore on securing construction financing for its Montreal production facility. Mason Graphite owns 22.3% of NanoXplore and has a supply agreement to provide graphite for NanoXplore's graphene production operations.
NanoXplore receives prestigious Technology Innovation Award for 2018
NanoXplore Inc. (TSXV: GRA) received the 2018 North American Graphene Technology Innovation Award from Frost & Sullivan, recognizing the company's innovations in graphene technologies and ability to scale production. The award highlights NanoXplore's development of proprietary technology that produces high-quality graphene at competitive prices for use in enhanced polymers and composite materials.
Wheaton Precious Metals reaches settlement on Canadian tax dispute regarding foreign income
Wheaton Precious Metals reached a settlement with the Canada Revenue Agency resolving a transfer pricing dispute over 2005-2010 taxation years related to foreign subsidiary income. The settlement confirms foreign income won't be taxed in Canada while adjusting service fees, with no additional cash taxes expected due to available losses.
Canadian Mining Vice-President of Exploration dies in Burkina Faso
Kirk Woodman, vice-president of exploration for Vancouver-based Progress Minerals Inc., was found dead in Burkina Faso after being kidnapped. Woodman had over 30 years of exploration experience in West African gold projects and was overseeing the company's gold exploration programs in Burkina Faso and Côte d'Ivoire.
Rising market capitalization marks a period of opportunity for the sector
PwC Canada's Junior Mine 2018 report shows the junior mining sector's aggregate market capitalization rose 6% to CA$12.9 billion for the top 100 TSXV companies. The report highlights growing investor interest in royalty/streaming business models and battery metals like lithium, cobalt and nickel as gold loses dominance.
Caterpillar® announces two new ultra-class trucks
Caterpillar announced two new ultra-class mining trucks: the 798 AC with 372-tonne payload and the 796 AC with 326-tonne payload, both featuring electric-drive technology. The trucks will be available in Q2 2019 and are designed to deliver class-leading payload capacity with high reliability and simple serviceability for mining operations.
PDAC names Lisa McDonald new Executive Director
PDAC has appointed Lisa McDonald as its new Executive Director after she served as interim director for the past year. McDonald brings over 20 years of experience with the association and was instrumental in growing the annual PDAC Convention into the world's premier mining event with 25,000+ attendees from 135 countries.
Teck announces new Vice President appointments
Teck Resources announced the appointment of seven new Vice Presidents across key operational and strategic roles, including technology, project development, and South American operations. The appointments reflect organizational strengthening as the company advances major projects like Quebrada Blanca Phase 2 in Chile.
AME announces 2018 Award Winners
The Association for Mineral Exploration (AME) announced its 2018 award winners, recognizing industry leaders for excellence in exploration, financing, and corporate responsibility. Notable achievements include the discovery of over 60 million ounces of silver in Yukon's Keno Hill district and diamond discoveries on Baffin Island. The awards will be presented at the AME Roundup 2019 conference in January.
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