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Minerals.
Minerals play a role in so many aspects of everyday life: they are used to make such things as high-tech components, exquisite jewellery, cosmetics and dietary supplements.
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Nemaska Lithium poised to become major player in global market
Nemaska Lithium announced an agreement with the City of Shawinigan to purchase land for a $38 million demonstration hydromet plant, leading to a $500 million commercial facility. This development would make Nemaska Canada's first lithium producer, using a proprietary electrochemical process that reduces costs and environmental impact.
For geologist Jim Bamburak, the prairies rock
Jim Bamburak, senior industrial minerals geologist with Manitoba Geological Survey, is leading educational outreach initiatives including roadside geology videos and the Manitoba Rocks! mineral education program to promote geological knowledge. He emphasizes the practical importance of geology in everyday life and aims to inspire the next generation of geologists through innovative educational tools.
APEGBC and AME BC sign Memorandum of Understanding
APEGBC and AME BC signed a Memorandum of Understanding to formalize cooperation between the two professional organizations. The agreement aims to advance engineering and geoscience professions in BC while promoting unified positions on professional practice and development in the mineral exploration sector.
Gold Hill property hopes to hit originating source of Wild Horse Gold
American Creek Resources has acquired the Gold Hill property in British Columbia's historic Wild Horse Creek gold rush area, where $15-30 million worth of gold was extracted starting in 1864. The company has begun initial field work and is evaluating multiple partnership offers for the 418-hectare property.
Goldcorp and Teck Combine El Morro and Relincho Projects in Chile
Goldcorp and Teck are combining their El Morro and Relincho projects in Chile's Atacama region into a single operation. The combination appears aimed at reducing costs or improving project economics by leveraging the proximity of the two properties.
Commerce Resources developing rare earth pilot plant
Commerce Resources Corp has begun the second phase of a pilot plant to produce mixed rare earth carbonate and chloride concentrates from its Ashram deposit in Quebec. The company is targeting production of 3 kilograms of carbonate concentrate and 0.5 kilograms of chloride concentrate to meet specifications requested by four major companies.
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.
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.
B.C. Mine Rescue teams battle for top spot in Smithers
British Columbia held its 60th annual Mine Rescue and First Aid Competition in Smithers, with teams from Huckleberry Mines, Highland Valley Copper, and Elkview Mine taking top honors across various categories. The competition tests emergency response capabilities and maintains BC's world-class mining safety standards, with over 30,000 people employed in the province's mining sector in 2014.
New Nadina Explorations wins land issue appeal
New Nadina Explorations won a Court of Appeal case that allows the company to continue exploration work on its Silver Queen property in BC. The court rejected arguments from landowners who were trying to block access to land where New Nadina discovered a copper-molybdenum-gold porphyry system in 2011.
Northern Shield Identifies Extensive Cu Mineralization From Sampling at its Huckleberry Project
Northern Shield Resources reported high-grade copper mineralization from reconnaissance sampling at its Huckleberry project in Quebec, with results up to 10.6% Cu and 16.9 g/t Pt+Pd+Au. The company identified four distinct mineralized zones across a 950-meter strike length, with the lower glomeroporphyritic gabbro zone showing the strongest results. The discovery is significant as it suggests a large-scale magmatic copper system with valuable platinum group element credits.
Murray Edwards’ Edco Capital loans Imperial Metals $30 million
Imperial Metals secured a $30 million unsecured loan from Edco Capital (owned by Murray Edwards) at 12% annual interest to support Red Chris mine production ramp-up. The company also approved an $80 million rights offering to repay the loan and fund Red Chris operations plus Mount Polley mine restart.
Amarc Resources announces “significant” BC discovery
Amarc Resources announced a significant copper-molybdenum-silver porphyry discovery at its IKE project in British Columbia, with drilling results including 247 metres of 0.42% copper equivalent. The mineralization extends over 1,200m by 600m and remains open in all directions, with the company planning an expanded 50-hole drill program for 2015.
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.
Minerals North 2015 slated for end of May
Minerals North 2015 conference will take place May 27-29 in Mackenzie, B.C., with 400 attendees expected. The annual conference connects northern communities with the mining sector and includes technical courses, regional geological updates, and mine tours including Mount Milligan copper-gold operation.
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.
M&E at the Mineral Exploration Roundup
The 2015 Mineral Exploration Roundup in Vancouver attracted over 6,700 participants from 35 countries, showcasing junior exploration projects and new mining technologies. The event highlighted sustainability themes and featured autonomous drones making inroads into the mining industry, while emphasizing youth engagement in mining careers.
Drones are ready for takeoff in the mining industry
Harrier Aerial Surveys in Nelson, B.C. is using advanced drone technology for mineral exploration and mining operations. The company operates two specialized UAVs equipped with multi-spectral imaging capabilities that can identify ore bodies by their spectral signatures. This represents the growing adoption of drone technology in the mining industry for mapping, exploration, and stockpile monitoring.
AuRico Gold announces positive results on northern BC property
AuRico Gold announced a 43-101-compliant resource estimate for its Kemess East deposit in northern BC, totaling 2.1 million indicated and 3.4 million inferred gold equivalent ounces. The deposit doubles the total indicated resource base of the Kemess property and has grades 10% higher than the nearby Kemess Underground deposit. The company plans an expanded 30,000-metre drilling program in 2015 to further delineate the mineralization.
Diamond miners sign agreement with Northwest Territories Metis
De Beers Canada and Mountain Province Diamonds signed an Impact Benefit Agreement with the Northwest Territories Métis Nation for the Gahcho Kué diamond mine project. The mine, located 280 kilometres northeast of Yellowknife, is 54% complete and expected to begin production in Q3 2016 with projected annual cash flow of $630 million.
Geology brings “a life of endless adventure”
Peter Ogryzlo received the 2015 H. H. 'Spud' Huestis Award for Excellence in Prospecting and Mineral Exploration for his work extending the life of the Huckleberry Copper Mine near Houston, B.C. His discovery of additional ore zones extended the mine's life from a scheduled 2007 closure to at least 2021, contributing over $100 million annually to the economy.
Induction furnaces benefit gold smelting industry
Electroheat Induction, a New Jersey-based company, is promoting induction furnaces as a more efficient alternative to traditional gold smelting methods, reducing processing time from a full day to just a few hours. The company has already sold equipment to Canadian mining companies and is looking to expand its presence in Canada with remote monitoring capabilities.
Roundup 2015 moves to new, roomier Vancouver venue
The Association for Mineral Exploration British Columbia's Roundup 2015 conference is moving to the Vancouver Convention Centre East from January 26-29, featuring a 25% larger exhibit space and expanded international scope. The event will introduce new best-practice sessions covering aboriginal engagement, corporate social responsibility, and other key industry topics under the theme of 'intelligent exploration'.
B.C. aggregates producer builds new terminal in California
Vancouver-based Polaris Minerals Corporation is building a new aggregates receiving terminal in the Port of Long Beach, California, scheduled for completion at the end of 2014. The terminal will serve the Los Angeles basin market and complement the company's existing operations that ship sand and gravel from their Orca Quarry on Vancouver Island to California markets. Polaris has become a dominant supplier in the San Francisco market, with about 90% of concrete in the city made using their aggregates.
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