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Mines.
A great deal of exploration, assessment and consideration of logistical details must occur before a mine can begin operation—and once it does, there are many things that can impact its success. In Canadian Mining & Energy, we look at t...
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AME Responds to Federal Budget: Welcomes Extension of METC
The Association for Mineral Exploration (AME) welcomed the federal government's Budget 2018, particularly the one-year extension of the 15% Mineral Exploration Tax Credit through March 2019. Combined with B.C.'s mining flow-through share credit, this creates approximately 32% tax incentives for British Columbia residents investing in mineral exploration.
Kinross announces acquisition of power plants in Brazil to secure low-cost power for Paracatu mine
Kinross Gold acquired two hydroelectric power plants in Brazil for $257 million to secure long-term power supply for its Paracatu gold mine. The acquisition is expected to reduce production costs by approximately $80 per ounce over the mine life and provide 70% of the mine's power needs.
Science inspiration to spark a rewarding career
Engineers and Geoscientists BC is promoting National Engineering and Geoscience Month throughout March 2018 with community events aimed at inspiring youth to pursue careers in engineering and geoscience. The month-long celebration includes science games, mining museum activities, and educational events across British Columbia to showcase career opportunities in these fields.
North American Energy Partners Inc. Fourth Quarter Highlights
North American Energy Partners Inc. reported strong Q4 2017 results with revenue up 31.8% to $82.0 million and EBITDA up 27.4% to $17.2 million. The company is currently operating at three oil sands mines, one coal mine, and one copper mine with expanded equipment capacity.
Copper Fox announces update on Eaglehead Project
Copper Fox announced completion of a data compilation on its Eaglehead copper-gold-molybdenum project in northern British Columbia, identifying six large mineralized zones within an 8.0 km by 1.5 km corridor. The compilation revealed two new exploration targets including a 9.0 km long soil geochemical anomaly and widespread copper mineralization in outcrop, expanding the project's exploration potential.
Equinox Gold announces new East Ridge discovery at Castle Mountain Mine
Equinox Gold announced a significant new gold discovery at the East Ridge target at its Castle Mountain Mine in California, with channel sampling and drilling revealing extensive previously unrecognized gold mineralization. The best drill results included 1.60 g/t Au over 32.3m, marking potential for significant resource growth outside the current resource pit.
Wellgreen Platinum changes name to Nickel Creek Platinum
Wellgreen Platinum Ltd. has rebranded to Nickel Creek Platinum Corp. and begun trading on the TSX under ticker NCP. The company renamed its flagship Yukon project to Nickel Shäw, which contains over 2.0 billion pounds of contained nickel in measured and indicated resources and represents one of North America's largest undeveloped nickel sulphide and PGM deposits.
Planning for Day Zero
Progesys, a Quebec-based project management company, specializes in preparing mining projects for Day Zero commissioning operations. The company has grown from 2 employees in 2002 to over 100 staff who work globally on mining commissioning projects, including successfully bringing Goldcorp's Eléonore project online ahead of schedule with no unplanned shutdowns.
Finding revenues in waste rock
MineSense, a mining technology startup led by CEO Jeff More since 2015, has reached commercialization phase with its first full-scale ore sorting system entering commissioning. The company's ShovelSense and BeltSense systems use machine learning to identify valuable ore in real-time, allowing mines to recover revenue from material that would otherwise be discarded as waste.
Boreal completes the acquisition of the Modum Cobalt Project
Boreal Metals Corp. completed the acquisition of the Modum Cobalt Project in Norway from EMX Royalty, issuing 1.3 million shares and bringing EMX's ownership to 19.9%. The 13,115 hectare project surrounds Europe's historically largest cobalt producer, the Skuterud Mine, which operated from 1776-1898 and supplied over 80% of the world's cobalt in the 1820s-1830s.
Federal Budget 2018 falls short on enhancing business competitiveness
The Mining Association of Canada expressed disappointment with Federal Budget 2018, stating it contains few measures to enhance Canadian business competitiveness in mining. While welcoming Indigenous skills training funding and the Mineral Exploration Tax Credit renewal, MAC argues Canada needs stronger policies to attract mining investment as global competition intensifies.
Kennady’s 2018 winter exploration program begins
Kennady Diamonds has launched its 2018 winter exploration program at the Kennady North diamond project in Northwest Territories, planning 10,500 meters of drilling through mid-May. The program focuses 60% on grassroots exploration targets and 40% on delineation drilling at the Faraday kimberlites, with the company having closed $2.5M in financing to fund operations.
Mineral Explorers respond to tabling of Impact Assessment Bill
The Association for Mineral Exploration (AME) welcomed the federal government's tabling of Bill C-69, new impact assessment legislation aimed at restoring public trust in environmental assessment while establishing firm deadlines and 'one project, one assessment' framework. AME views this as a promising step toward attracting investment in mineral exploration and enabling new mine development in Canada.
Teck predicts strong demand for steelmaking coal – “feeling pretty good about 2018”
Teck Resources reported optimistic Q4 2017 results and forecasts strong steelmaking coal demand in 2018, predicting 26-27 million metric tons of production despite closing its Coal Mountain operations. CEO Don Lindsay expressed confidence that growing global steel production and ongoing supply issues at Australian mines will support both demand and prices.
Seabridge Gold’s growing Iron Cap deposit could offer alternative development for KSM Project
Seabridge Gold is considering moving its Iron Cap deposit earlier in the KSM Project mine sequence based on encouraging 2017 drilling results that suggest improving size and grade. The deposit could now be developed sooner than the current plan of year 32, potentially improving project economics by deferring capital costs and bringing better grades forward.
Canadian M&A activity was a big deal in 2017
PwC Canada reported that M&A activity in Canada reached a five-year high in 2017 with 2,274 deals worth over USD$1M, representing a significant increase from 1,956 deals in 2016. The technology sector led activity with a 34% increase in deal volume, while outbound deals to the US reached nearly 60% of all outbound transactions.
Mining, Construction, Taxpayers and Accountant Associations respond to BC budget
British Columbia's 2018 budget maintains support for mining through a one-year extension of the Mining Flow-Through Share Tax Credit (20% non-refundable tax credit) and plans to eliminate PST on industrial electricity by 2019. Industry associations expressed cautious support for mining incentives while raising concerns about new employer health taxes and overall economic competitiveness.
IsoEnergy begins drilling program to extend high grade uranium at the Geiger property
IsoEnergy has launched a 2,800-metre drilling program at its Geiger uranium property in Saskatchewan's Athabasca Basin, targeting extensions of high-grade basement-hosted mineralization. Previous drilling intersected 2.74% U3O8 over 1.2 metres, with the new program focusing on two target areas around known mineralization to determine orientation and morphology of the uranium systems.
Glacier Lake signs drilling contract for Silver Vista
Glacier Lake Resources has signed a drilling contract with Titan Diamond Drilling to conduct 1,500-2,500 metres of diamond drilling at its Silver Vista copper-silver project in British Columbia. The program will focus on the MR showing, which historically returned significant intercepts including 36.58 metres at 0.49% Cu and 26.8 gpt Ag. The company aims to verify historical results and expand the known mineralization zone.
Innovation Metals Corp. announces success with brine and battery-grade lithium carbonate
Innovation Metals Corp. announced successful separation of lithium from brines using its proprietary RapidSX process, achieving >99.7% purity and positioning the company to produce battery-grade lithium carbonate. The technology offers significant advantages including 20-25% higher recoveries, smaller footprint, and lower capital costs compared to conventional evaporation pond methods.
K+S Potash Canada honoured to be named one of Saskatchewan’s Top Employers
K+S Potash Canada has been named one of Saskatchewan's Top Employers for the fifth consecutive year, following its recognition as one of Canada's Top 100 Employers in 2018. The company's Bethune mine began commercial operations in 2017, marking the first new solution potash mine in Saskatchewan in nearly 50 years.
New Geoscience BC data to spark mineral exploration investment in northern BC
Geoscience BC released new geoscience data from its Search Phase III project covering 9,600 km² of northern BC, designed to guide mineral exploration and land planning. The $1.7 million project involved helicopter-mounted magnetometer surveys over 40,000 km of flight paths, highlighting potential copper and other metal deposits with unprecedented accuracy.
Fireweed provides update on status of PEA and Appointment of Oversight Engineer
Fireweed Zinc has accelerated work on its Preliminary Economic Assessment for the Macmillan Pass Zinc Project following an updated mineral resource estimate. The company has commissioned JDS Energy & Mining to oversee the PEA study and appointed experienced mine engineer Tim Oliver as Oversight Engineer, with completion expected in Q2 2018.
Mining industry responds to tabling of federal environmental legislation
The Mining Association of Canada is reviewing proposed federal environmental legislation including the Impact Assessment Act and amendments to the Fisheries Act and Navigation Protection Act. While the legislation introduces new concepts that could impact industry competitiveness, MAC is encouraged by the government's $1 billion investment over five years to ensure adequate implementation capacity.