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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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Pretium Resources Inc.: Brucejack transmission line energized
Pretium Resources has energized the 57-kilometer transmission line connecting its Brucejack gold mine to the BC Hydro power grid. The company is progressing through dry commissioning with wet commissioning scheduled for early April and first ore processing expected mid-April, keeping the mine on track for commercial production in 2017.
Miner’s sculpture unveiled in Sparwood to commemorate lives lost in the coal industry
A memorial statue was unveiled in Sparwood, BC on April 3, 2017 to commemorate the 50th anniversary of the Balmer North Mine explosion that killed 15 miners in 1967. The ceremony honored 181 miners who have lost their lives in the Elk Valley coal mining region over more than a century.
Monarques Gold intersects 17.1 g/t Au over 5.9 metres (19.4 feet) on Gold Bug (Croinor Gold)
Monarques Gold reported strong drilling results from its Gold Bug zone, with hole CR-17-532 intersecting 17.1 g/t Au over 5.9 metres within a broader 15-metre-wide shear corridor. The zone lies less than 500 metres from the main Croinor Gold deposit and extends to at least 115 metres depth, with potential to add resources to the existing project.
Paving the way with potash
Muskowekwan First Nation has established agreements with Encanto Potash Corp. and signed an MOU with Amec Foster Wheeler to create Saskatchewan's first mining development on First Nations land. The project aims to provide economic independence and job opportunities for the community, with 80% of community members voting in favor of the venture.
Novagold’s first quarter results highlight progress on Donlin Gold’s environmental impact statement
Novagold reported Q1 2017 progress on permitting its flagship Donlin Gold project in Alaska, with the U.S. Army Corps of Engineers advancing the final Environmental Impact Statement expected in early 2018. The company highlighted the project's exceptional 39 million ounce gold resource and projected 27-year mine life with average annual production of 1.1 million ounces.
Britannia Mine Museum receives $1.4 million from Government of Canada for new infrastructure project
The Britannia Mine Museum received $1.4 million in federal funding under Canada's New Building Canada Fund to rehabilitate its historic Mill Building and other structures. Combined with $2.8 million raised from the BC mining industry, the total $4.2 million will fund a new immersive Mill Show attraction launching summer 2019.
Amec Foster Wheeler signs MOU with Muskowekwan First Nations and Encanto Potash Corp
Amec Foster Wheeler signed an MOU with Muskowekwan First Nations and Encanto Potash Corp to develop the Muskowekwan Potash Project, marking the first mining project on First Nations land in Saskatchewan. The agreement focuses on providing employment, training, and mentoring opportunities for First Nations members while establishing a sustainable revenue stream for the community.
Louis Martel takes the helm of The CSL Group as President and CEO
The CSL Group announced that Louis Martel has been appointed President and CEO of the global shipping company, succeeding Rod Jones after an eight-month transition process. Martel brings 20 years of experience with CSL, having previously served as President of Canada Steamship Lines and most recently as President of CSL International and Executive Vice-President of The CSL Group.
Pure Energy Minerals completes successful lithium brine pumping test at Clayton Valley
Pure Energy Minerals completed a successful 72-hour lithium brine pumping test at its deepest exploration well CV-8 in Nevada's Clayton Valley, reaching 3,194 feet depth. The test extracted consistent lithium-bearing brine and discovered new aquifer zones, more than doubling the known thickness of brine-saturated sediments. Results will inform the upcoming Preliminary Economic Assessment and resource update.
Bonterra announces strategic investment by Kinross Gold
Kinross Gold has agreed to invest $5.2 million in BonTerra Resources through a private placement of 14.9 million shares at $0.35 per share, giving Kinross a 9.5% stake in the gold exploration company. The investment validates BonTerra's progress at its Gladiator deposit in the Urban Barry gold camp and provides strategic partnership with a major gold producer.
Kemess Underground Project granted environmental assessment approval
AuRico Metals Inc. has received environmental assessment approval for its $683.9 million Kemess Underground copper-gold project in northern B.C. The project will produce 24,650 tonnes of ore per day over 13 years and includes 33 legally-binding environmental conditions. This marks successful collaboration with First Nations and represents a significant milestone for underground mining development in the region.
Champion Iron acquires 735 specialized iron ore railcars for Bloom Lake mine for (US) $30.1 million
Champion Iron acquired 735 specialized iron ore railcars for $30.1 million to transport ore from its Bloom Lake mine near Fermont to the port at Sept-Iles, Quebec. The acquisition is a key step toward restarting full-scale production at the mine, which has mineral reserves of 411.7 million tonnes and is forecast to generate over $15 billion in revenue over 20 years.
Third-generation coal miner and local historian
Third-generation coal miner John Kinnear, who worked 31 years at Teck's Line Creek Mine, has dedicated his retirement to preserving the history of coal mining disasters in southeastern BC. He will speak at an April ceremony in Sparwood commemorating 181 miners lost in Elk Valley mines from 1901 to present, including the 15 who died in the 1967 Balmer North explosion.
Rail cars arrive at K+S Potash Canada’s Legacy Project
K+S Potash Canada received the first 177 of 531 custom rail cars at its Legacy Project mine site in Saskatchewan, marking a significant milestone toward production expected to begin in Q2. The cars will transport potash to the company's Port Moody facility via newly constructed CP rail infrastructure, representing Saskatchewan's first new potash mine in over 40 years.
New Brucejack Mine “Valley of the Kings” shows 8.1 million ounces of gold potential
Pretium Resources announced an updated mineral reserve estimate for its Brucejack Mine's Valley of the Kings deposit, increasing proven and probable reserves to 8.1 million ounces of gold at 16.1 g/t. The high-grade underground gold mine in northern BC is nearing production with dry commissioning scheduled for March 2017 and construction progressing ahead of schedule.
CanAlaska to commence drill program at Nisku Target
CanAlaska Uranium is launching a four-hole drill program at its Nisku copper-zinc property in northern Manitoba, targeting a large volcanogenic massive sulfide deposit near the historic Ruttan mine. The drilling will test electromagnetic targets with characteristics similar to VMS deposits, supported by Manitoba government funding through the MEAP program.
Korite finds rare gems in Alberta
Calgary-based Korite has been successfully mining ammolite, a rare rainbow-colored gemstone found in 70-million-year-old fossilized ammonite shells in Southern Alberta's Bearspaw formation. The company estimates 50 years of reserves remaining and has hired 15 new staff in recent months with plans for 10-15 more hires over the next year.
The struggles and spirit of Canadian coal mining towns
The Michel-Natal-Sparwood Heritage Society has relocated its Community Museum to preserve the history of two demolished coal mining towns in BC's Elk Valley. The museum tells the story of Michel and Natal, which were forcibly relocated to Sparwood in the 1960s due to proximity to hazardous coke ovens, displacing families who had built vibrant communities around coal mining since the 1880s.
CSX names E. Hunter Harrison as Chief Executive Officer
CSX Corporation has appointed Hunter Harrison, former CEO of Canadian Pacific Railway and CN Rail, as its new Chief Executive Officer effective immediately. The appointment comes with a significant compensation package including options for 9 million shares and is part of an agreement with activist investor Mantle Ridge LP that also reconstitutes CSX's board of directors.
CanAlaska March 2017 update: uranium, copper and diamond exploration
CanAlaska Uranium provided a comprehensive exploration update across multiple projects including uranium exploration in the Athabasca Basin, copper-zinc targets near the former Ruttan mine, and diamond exploration activities. The company reported drilling results showing uranium mineralization at Moon South and outlined plans for upcoming drill programs across several properties operated by major partners including AREVA, Cameco, and Denison.
Digging deep into metals & minerals: Scotiabank Special Report
Scotiabank released its March 2017 Commodity Price Index showing a 6.4% monthly gain driven by strong metals and oil performance. The report provides price forecasts for major commodities through 2018, with zinc showing the strongest fundamentals due to concentrate shortages. The timing coincides with the annual PDAC convention in Toronto, reflecting renewed optimism in the mining sector after prices hit cycle lows in 2016.
Geoscience BC releases survey results indicating potential for new mineral deposits in B.C.
Geoscience BC announced results from its Search Phase II Project, the largest geophysical survey conducted in Canada in 2016, covering 24,000 square kilometres in west-central British Columbia. The magnetometer survey indicates potential for new copper, silver, and molybdenum deposits in the region. The survey bridges data gaps and provides continuous coverage over 55,500 square kilometres when combined with previous surveys.
International Explorers and Prospectors Inc. announces results from Diamond Drilling program
International Explorers and Prospectors Inc. completed 3,965 metres of diamond drilling on two properties near Timmins, funded by JEAP grants. The Montclerg gold property returned significant wide intersections including 123.5m @ 0.74 g/t Au, confirming potential for an open-pit resource, while the Genex VMS property showed broad low-grade polymetallic mineralization.
AME BC likes new 2017 BC Budget
The Association for Mineral Exploration (AME) endorsed British Columbia's 2017 budget, which extends mining flow-through share tax credits and expands exploration tax credits to include environmental studies and community consultations. The budget also provides $10 million for Geoscience BC over two years and $18 million for ministry oversight functions.