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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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International News: Vancouver-based Asanko Gold launches the Women in Mining “Botae Pa Initiative”
Vancouver-based Asanko Gold launched the 'Botae Pa Initiative' to empower women at its Ghana gold mine and surrounding communities. The initiative promotes mining careers to women, supports local education and health needs, and builds on Asanko's existing CSR programs. The company currently employs 10% women, above Ghana's 7% national mining industry average.
Capstone Mining places Yukon’s Minto Mine on temporary care and maintenance
Capstone Mining is placing its Minto copper mine in Yukon on temporary care and maintenance after a sale agreement with Pembridge Resources fell through due to financing challenges. The closure will affect approximately 200 employees and contractors, with care and maintenance costs estimated at US$5 million annually for 2018-2019.
#DisruptMining: Goldcorp’s contest is a catalyst for quantum leaps in performance
Goldcorp is hosting its third annual #DisruptMining contest, offering up to $1M investment to innovative mining technology solutions. The competition will be held March 3, 2019 at PDAC in Toronto, with last year's winner Acoustic Zoom having received funding to improve mining reserve accuracy.
North American Construction Group announces expansion of heavy construction fleet
North American Construction Group Ltd. announced the acquisition of Aecon Group Inc.'s heavy construction equipment fleet and related assets for $199.1 million in cash. The transaction is expected to provide over $220 million in additional annual revenue capability and be accretive to EBITDA, free cash flow and earnings, with anticipated 2019 basic earnings per share exceeding $1.60.
SMS Equipment now selling new Komatsu WA480-8 Wheel Loader
SMS Equipment Inc., one of the world's largest Komatsu dealers, is now selling and supporting the new Tier 4 Final WA480-8 wheel loader. The upgraded model features 8% higher productivity, 20% lower fuel consumption, and enhanced operator comfort compared to its predecessor.
Ritchie Bros. introduces new online asset management and disposition solution: RB Asset Solutions
Ritchie Bros. launched RB Asset Solutions, a cloud-based SaaS platform for end-to-end asset management and disposition of heavy equipment. The solution combines inventory management, data analytics, branded e-commerce sites, and access to multiple sales channels including auctions and online marketplaces.
Vale launches 2019 Global Trainee Program
Vale Canada launched its 2019 Global Trainee Program to recruit 12 young professionals for year-long rotations across operations in Sudbury, Toronto, Long Harbour and Voisey's Bay. The program focuses on global and digital projects as the mining giant transforms its business operations.
Group Eleven announces major step in ‘Big Think’ exploration in the Irish zinc-lead district
Group Eleven Resources has commenced a major airborne geophysical survey covering 2,500 square kilometres of its exploration ground in Ireland's prospective Limerick and Silvermines Basins. The Tellus survey, conducted by Ireland's Geological Survey, will integrate into the company's 'Big Think' regional exploration program to advance high-quality drill targets ahead of an extensive 2019 drilling campaign.
UNICEF Canada and Teck partner to save the lives of children in India
Teck Resources has committed an additional $2.5 million over five years to support UNICEF Canada's zinc and oral rehydration salt treatments for children in India, building on a previous $5 million commitment. The partnership has already saved 62,000 children's lives since 2013 by addressing diarrhea-related deaths.
Keeping up with trench work - connecting people
MB Crusher showcases how their mobile crushing and screening equipment is revolutionizing pipeline construction across global projects. Their buckets attach directly to excavators, processing materials on-site to reduce transport costs and construction times for major oil and gas infrastructure projects.
Initial vanadium sampling results received: Ethos increases land position and commences trenching
Ethos Gold Corp. reported encouraging vanadium sampling results from its Pine Pass and Ursula projects in northeastern British Columbia, with soil samples returning up to 5,700 ppm V (1.02% V2O5). The company has expanded both properties and allocated C$270,000 for Phase 2 exploration including trenching and additional sampling.
Pretivm to repurchase precious metals stream and Osisko responds
Pretium Resources announced it will repurchase its 8% gold and silver stream on the Brucejack Mine for US$237 million by December 31, 2018, originally sold for US$150 million as part of construction financing. The company produced 339,000 ounces of gold in its first year of operation and maintains production guidance of 200,000-220,000 ounces for H2 2018.
North American Construction Group takes ownership interest in Nuna Logistics
North American Construction Group acquired a 49% stake in Nuna Logistics for $42.5 million, expanding into civil construction and contract mining services across northern Canada. The deal diversifies NACG away from oil sands operations into base metals, precious metals, and diamond projects while providing access to Nunavut and Northwest Territories markets.
The Royal Canadian Mint stands out with new 3D sculptural coins
The Royal Canadian Mint unveiled a collection of innovative collectible coins featuring breakthrough 3D sculptural designs and ultra-high relief techniques. The flagship product is a 1 kilogram $250 fine silver coin depicting voyageurs, along with Superman and wildlife-themed coins using new dimensional paint and sculptural techniques.
A new dawn, a new perspective
MB Crusher showcases how their crushing bucket attachments for excavators are revolutionizing construction and demolition waste processing across multiple international sites. The company highlights successful implementations in France, Brazil, and Mexico where their equipment enables efficient recycling of concrete, railway sleepers, and limestone while reducing costs and improving safety.
XPRIZE and COSIA partner to solve the carbon challenge
XPRIZE has partnered with Canada's Oil Sands Innovation Alliance (COSIA) and NRG to launch a $20 million competition for converting CO2 emissions from power plants into valuable products. Ten finalist teams are now testing technologies that convert carbon dioxide into bioplastics, concrete materials, methanol, and other useful products.
Addressing Canada’s declining mineral industry competitiveness
The Canadian Mineral Industry Federation submitted a brief to Energy and Mines Ministers outlining seven policy areas to restore Canada's position as the world's top mineral investment destination. The recommendations address regulatory challenges, Indigenous participation, land access, climate policy, innovation investments, northern operations, and fiscal competitiveness amid stagnant mineral investment in recent years.
Cleaning the beaches of the world
A coastal maintenance company in Valencia, Spain used an MB-S14 screening bucket mounted on a JCB excavator to clean 9 km of beaches at Oliva. The screening technology separated sand from vegetation, debris and litter, allowing natural materials to be reused on-site while only trash was sent to landfill.
Railway Association of Canada announces 2018 Safety Award winners
The Railway Association of Canada announced its 2018 Safety Award winners, recognizing CP, VIA Rail, Cando Rail Services and Genesee & Wyoming for outstanding safety initiatives. CP's predictive bearing detection technology achieved a 96% reduction in in-transit bearing failures, demonstrating how innovation is advancing rail safety across Canada's transportation network.
Kevin Parkes new President of Finning Canada
Finning Canada has appointed Kevin Parkes as its new President, effective January 1, 2019, replacing retiring Juan Carlos Villegas. Parkes, currently Managing Director of Finning UK and Ireland, brings extensive experience from both within Finning and externally, having successfully restructured the UK and Ireland operations.
Mountain Province Diamonds joins Dominion’s Canadamark Program
Mountain Province Diamonds has partnered with Dominion Diamond Mines to allow its customers to certify qualifying polished diamonds under the Canadamark certification program. This program verifies diamonds are natural, untreated, and mined in Canada under sustainable practices, enhancing the Canadian provenance branding for Mountain Province's Gahcho Kué mine production.
International News: Teck’s Quebrada Blanca Phase 2 receives regulatory approval
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 copper project in northern Chile, clearing a major hurdle toward a potential construction decision in Q4 2018. The project will produce 300,000 tonnes of copper equivalent annually for the first five years and represents a tier-one asset with a 25-year mine life using only a quarter of reserves.
Chemists make breakthrough on road to creating a rechargeable lithium-oxygen battery
University of Waterloo chemists achieved a breakthrough in lithium-oxygen battery technology, creating a working battery with near 100% efficiency and four-electron conversion capability. The team resolved key stability issues by switching to inorganic molten salt electrolyte and operating at 150°C, potentially doubling energy storage capacity.
Yamana Gold announces creation of executive chairman role and appointment of New President and Chief
Yamana Gold announced a leadership transition with Daniel Racine being promoted from COO to President and CEO, while founder Peter Marrone moves to a newly created Executive Chairman role. The company reports strong operational performance in 2018, with the newly commissioned Cerro Moro mine performing to plan and operations trending favorably toward annual guidance for gold, silver and copper production.
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