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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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McEwen Mining appoints Chris Stewart as President and COO
McEwen Mining appointed Chris Stewart as President and COO, replacing Xavier Ochoa who resigned. Stewart brings 25 years of mining experience including leadership roles at Treasury Metals, Kirkland Lake Gold, and Lake Shore Gold. The appointment supports McEwen's growth phase and goal to qualify for the S&P 500 Index.
Kinross releases 2017 Corporate Responsibility Report
Kinross Gold Corporation released its 2017 Corporate Responsibility Report, marking ten years of formal CR reporting. The report highlights the company's lowest-ever Total Reportable Injury Frequency Rate of 0.32, $2.8 billion spent in host countries, and zero cases of corruption across its global operations spanning six countries.
Monarques Gold produces 4,695 ounces of gold and generates $10 million in revenue in fourth quarter
Monarques Gold produced 4,695 ounces of gold in Q4 2018, generating $10 million in revenue despite a 5% production decline from the previous quarter. The company initiated a feasibility study on its Wasamac deposit with 2.6 million ounces of measured and indicated resources, while custom milling operations grew 31% to offset production declines.
Transparency and confidence waning in Canada’s mining exploration permit process
The Fraser Institute released a study showing that mining exploration permit processes in Canadian provinces have become less transparent and take longer than 10 years ago, deterring investment. Ontario leads with 50% of respondents citing lack of transparency as an investment deterrent, followed by BC at 48% and Quebec at 40%.
Mining Association of Canada comments on cabinet shuffle
The Mining Association of Canada welcomed the appointment of Amarjeet Sohi as Canada's new Minister of Natural Resources, replacing Jim Carr who moved to International Trade Diversification. MAC expressed optimism about working with both ministers on the new federal-provincial Minerals and Metals Strategy and highlighted the mining sector's $57.6 billion contribution to national GDP.
Ecofiscal Commission urges governments to make environmental disasters less likely by closing gaps
Canada's Ecofiscal Commission released a report calling for better financial assurance policies to price environmental risk and reduce industrial disasters. The report examines liability gaps that shift cleanup costs from companies to taxpayers and recommends tools like insurance and cash deposits to incentivize risk reduction.
Petro-Canada invites Canadians to “Live by the Leaf” in new marketing campaign
Petro-Canada, a Suncor business, launched a new brand platform called 'Live by the Leaf' with nationwide marketing campaign across its 1,780 retail locations. The campaign aims to emphasize the company's Canadian identity and connects with consumers' increasing preference for brands that align with their values.
Mountain Province Diamonds appoints Stuart Brown to the Board of Directors, President and CEO
Mountain Province Diamonds appointed Stuart Brown as permanent President and CEO effective July 1, 2018. Brown expressed enthusiasm about building on the company's solid foundation and executing value-adding initiatives. Mountain Province holds a 49% stake in the Gahcho Kué diamond mine with De Beers Canada in the Northwest Territories.
Canadian stone quarrier Polycor Inc. invests in Europe with the acquisition of 4 limestone quarries
Quebec-based natural stone company Polycor Inc. acquired four limestone quarries in Burgundy, France from Rocamat, including the historic Massangis stone quarry. The acquisition includes plans to upgrade equipment and infrastructure while bringing back 18 employees, expanding Polycor's global footprint to offer French limestone to North American clients.
New phase of exploration underway at East Cadillac Gold Project in Quebec
Chalice Gold Mines has commenced a C$1.9 million field exploration program at its East Cadillac Gold Project in Quebec, running July-September 2018. The program aims to assess newly identified targets, investigate recent gold discoveries at North Contact and Lac Rapides, and define drill-ready targets for late Q4 2018 drilling.
Impressive financial performance spurs surge in mining investments
PwC's Mine 2018 report reveals Canadian mining companies increased exploration spending by 31% to CA$620 million in 2017, more than double the average increase of global Top 40 miners. Canadian companies are also leading in digital innovation partnerships and diversity, with women representing 25% of board directors compared to 19% globally.
Canada’s Top Metallurgy & Materials Engineers 2018 Award recipients announced
The Metallurgy & Materials Society of CIM announced its 2018 award recipients, recognizing excellence in metallurgy and materials science. Seven awards were presented across various categories including innovation, academic achievement, and industry contributions. Recipients will be honored at the 57th Annual Conference of Metallurgists in Columbus, Ohio.
MB Crusher dominates the field for Qatar FIFA 2022
MB Crusher equipment is being utilized extensively in Qatar's FIFA 2022 World Cup stadium construction projects, with over $100 billion invested in infrastructure. The company's MB-S18 screening bucket is helping Al-Jaber and Makhlouf Company complete Al Furousiya Street works more efficiently by processing excavated materials on-site, reducing transport costs and time.
Impressive financial performance spurs surge in mining investments
PwC's Mine 2018 report shows Canadian mining companies increased exploration spending by 31% to CA$620 million in 2017, more than double the average increase of the Top 40 global miners. Canadian miners are also leading in digital innovation through strategic partnerships with startups and achieving 25% female board representation compared to 19% globally.
Ballard acquires fuel cell assets from AFCC to support planned growth
Ballard Power Systems acquired strategic fuel cell testing and production assets from AFCC (owned by Daimler and Ford) in Vancouver to support expected growth in fuel cell vehicle production to over 70,000 units annually by 2027. The acquisition includes 11,000 square feet of testing equipment, prototype production facilities, and lab equipment at Ballard's existing Vancouver headquarters.
Klondex announces Securityholder Approval of proposed acquisition by Hecla
Klondex Mines shareholders overwhelmingly approved the proposed acquisition by Hecla Mining Company, with 99.62% voting in favor of the arrangement. The transaction is expected to close around July 20, 2018, and includes a concurrent spin-out of Klondex's Canadian assets into a new company called Havilah Mining Corporation.
New standard for responsible mining released
The Initiative for Responsible Mining Assurance (IRMA) has released the Standard for Responsible Mining, a global certification program for industrial-scale mine sites developed with input from over 100 companies and organizations worldwide. The standard addresses growing demand from jewelers, electronics businesses, and automakers for assurances that minerals are mined responsibly, covering elements like worker safety, human rights, community engagement, and environmental protection.
Real meteorite lands on Royal Canadian Mint collector coin
The Royal Canadian Mint released a limited edition $20 silver collector coin featuring a genuine meteorite fragment to commemorate the 150th anniversary of the Royal Astronomical Society of Canada. Only 5,500 coins were minted, retailing for $149.95 each, with the meteorite fragment sourced from the Campo del Cielo meteorite field.
Can spill response organizations clean up diluted bitumen?
Western Canada Marine Response Corp. details their successful cleanup of a 100,000 litre diluted bitumen spill in Burrard Inlet in 2007, achieving 95% product recovery. The organization emphasizes their readiness to handle future spills with enhanced response capabilities planned for the Trans Mountain pipeline expansion, including doubled fleet capacity and six new response bases.
Teck named to 2018 Best 50 Corporate Citizens in Canada
Teck Resources has been named to Corporate Knights' Best 50 Corporate Citizens in Canada ranking for the 12th consecutive year. The recognition highlights Teck's performance across sustainability metrics including carbon productivity, board diversity, health and safety, and water use.
Immersive Technologies and Simtars team up in Strategic Development of Safety Training Solutions
Immersive Technologies and Simtars have signed an MOU to jointly develop advanced training and workforce development solutions for the Queensland resource sector and international markets. The partnership combines Immersive's equipment simulation expertise with Simtars' mine health and safety knowledge, starting collaboration from June to enhance mining safety through virtual reality and simulator technologies.
2019 Kawasaki Mule Pro-MX: midsize Mule model joins Kawasaki Mule Pro Side-X-Side line up
Kawasaki announced the addition of the 2019 Mule Pro-MX Side-X-Side vehicle to their Pro series lineup. The mid-size utility vehicle features a 695cc fuel-injected engine and is designed for both work and recreational use. This article is not directly related to mining or energy operations.
Nevsun breaks ground on exploration decline and provides update on the Timok Project
Nevsun Resources held a groundbreaking ceremony for the exploration decline at its Timok Upper Zone project in Serbia, attended by Serbian government officials including the Prime Minister. The 24-month construction program will advance one of the world's best undeveloped copper projects toward production, with feasibility study completion scheduled for mid-2019.
Praise for the quick resolution of CP Rail strike by mining industry
The Mining Association of Canada praised the quick resolution of a Canadian Pacific Railway strike through a tentative four-year agreement reached with federal government intervention. The mining industry accounts for over 50% of Canada's rail freight revenues, making rail service critical to operations and Canada's reputation as a reliable exporter.
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