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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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Bravura signs definitive property agreement with Golden Predator for gold project
Bravura Ventures has signed an option agreement with Golden Predator Mining to acquire up to 90% interest in the Grew Creek gold project in southeast Yukon. The property has seen over $4.7 million in exploration expenditures and 19,000 meters of drilling across 70 holes since 2010, with the Carlos zone showing 300m strike length of near-surface gold mineralization.
Teck updates coal guidance—ups projected realized price to $205 per tonne
Teck Resources raised its Q4 2016 coal price guidance to $200-205 per tonne, up from the previously implied $185, due to strong steelmaking coal spot prices. Sales volume guidance remains at 6.5 million tonnes.
Centerra Gold and Thompson Creek Metals company complete acquisition deal
Centerra Gold has completed its acquisition of Thompson Creek Metals through a plan of arrangement, issuing 22.3 million shares representing 8% of its outstanding stock. The deal gives Centerra control of the world-class Mount Milligan Mine in BC, creating a geographically diversified gold producer with over two decades of expected production from current reserves.
UBC and Kal Tire Announce Research Partnership
Kal Tire's Mining Tire Group has signed a three-year research partnership with UBC Okanagan's School of Engineering to develop innovative mining tire technology solutions. The collaboration will focus on areas from robotics and metallurgical design to environmentally-responsible tire recycling applications.
Seabridge Gold Discovers New Higher Grade Zone at KSM
Seabridge Gold discovered a new higher-grade zone at its KSM Project in northwestern BC, intercepting 61 meters averaging 1.2 g/t gold, 0.95% copper and 4.1 g/t silver. The company also confirmed extension of the Iron Cap Lower Zone over 556 meters, which should increase the inferred resource. Management believes this new discovery could be the hypothesized Mitchell North deposit and plans additional drilling in 2017.
Five of the biggest mines in BC are in the Elk Valley, generate 64% of mining revenue
Five of British Columbia's top 10 mines by revenue are located in the Elk Valley, generating $3.048 billion or 64% of the total $4.75 billion revenue from the province's largest mining operations in 2015. Teck Resources dominates the list with seven of the ten mines, led by the Fording River coal operation which generated over $1 billion in revenue.
UBC identifies bacteria linked to acid produced at mining sites
UBC researchers have isolated five specific types of bacteria responsible for acid-rock drainage at mining sites, including three sulphur-oxidizing and two iron-oxidizing microbes active at low temperatures. This breakthrough research could lead to new treatment methods using antibiotics to manage mining waste without requiring traditional tailings ponds or caps.
“This could turn out to be one of the biggest finds in the whole Kootenay, by far.”
Darrel Davis has discovered an exceptionally high-grade gold deposit near Trout Lake, B.C., with assay results showing up to 19 ounces per tonne gold across a 24-metre-wide vein. Davis, who owns Davis Mining and Exploration Corporation, plans diamond drilling in spring to determine the full extent of what he calls one of the richest finds in the last hundred years.
Positive signs put junior miners in a good position for recovery - PwC report
PwC Canada's 2016 Junior Mine report shows mining companies now represent over 50% of TSXV market capitalization, up from 36% in June 2015, with top junior miners seeing market cap increases of over 100%. The report highlights a 22% gold price increase driven by global political uncertainty, improved financing activity, and renewed investor interest in junior mining assets.
Seabridge Gold obtains permits for Deep Kerr exploration adit
Seabridge Gold received permits from the BC Government to develop a 2,100 meter exploration adit into the Deep Kerr Deposit at its KSM Project in northwestern BC. The underground access will enable cost-effective drilling compared to surface drilling and help upgrade Deep Kerr's inferred resources to higher categories for potential block caving operations.
LNG becoming increasingly popular in powering the mining industry
LNG is gaining momentum as a power source in the mining industry, with multiple companies piloting LNG-powered haul trucks and power generation systems. Teck Coal is leading Canadian adoption with six LNG haul trucks, while several major mining companies are implementing LNG solutions to reduce emissions and operating costs.
Taranis takes delivery of gold processing plant for Thor Project & provides update on exploration
Taranis Resources has taken delivery of a gold processing plant for its Thor Project in BC and completed exploration drilling that intersected high-grade mineralization. The company will process 1,000 tonnes of high-grade material while continuing systematic drilling to delineate gold zones at the polymetallic deposit.
Summer drill program finished at West Athabasca Diamond Project
CanAlaska Uranium completed its summer drill program at the West Athabasca Diamond Project with partner De Beers, drilling 7 of 11 planned targets but intersecting no kimberlite. High water levels prevented access to remaining targets, which will be deferred until winter freeze conditions allow better site access.
A new, cost-efficient compact hybrid system for solar–diesel microgrids targets the Mining Industry
Danvest and Pon Power launched a new Compact series of solar-diesel hybrid power systems specifically targeting the mining industry. The plug-and-play systems deliver 30-40% annual fuel savings and can run on 100% solar power during peak radiation periods with diesel generators providing spinning reserve.
Canada’s newest diamond mine to provide C$6.7 billion boost to economy
Gahcho Kué, the world's largest new diamond mine under construction in the Northwest Territories, is set to officially open and will provide a C$6.7 billion boost to the Canadian economy. The joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%) is expected to produce 54 million carats over its lifetime, reinforcing Canada's position as the world's third largest diamond producer by value.
Restart of Brule Mine: 170 new jobs for region
Conuma Coal Resources Ltd. is restarting the Brule Mine in British Columbia's Peace Region, creating approximately 170 jobs after a two-year care and maintenance period. The mine is expected to reach full production by December 2016, producing two million tons of metallurgical coal annually.
Teck Coal’s Baldy Ridge extension project approved
Teck Coal Limited received environmental assessment approval for the Baldy Ridge extension project, which will extend the Elkview mine's life by 23 years until 2045. The project will mine 153 million metric tonnes of clean coal with $600 million in construction costs and generate significant employment in southeast British Columbia.
Revenue-sharing agreement: Teck & Lower Nicola Indian Band
Teck Resources and the Lower Nicola Indian Band signed revenue-sharing and partnership agreements for the Highland Valley Copper Operations. The band will receive $557,000 initially plus ongoing annual mineral tax payments, while also gaining collaborative input on mine decisions and business opportunities.
How can mining operators further reduce their carbon emissions?
The 4th annual Energy and Mines World Congress will take place November 21-22 at the Hilton Toronto, focusing on carbon reduction strategies and renewable energy integration for mining operations. The conference offers complimentary passes for mining operators and features case studies on electrification and renewables adoption across global mining operations.
TMAC Resources is building Canada’s next gold mining district
TMAC Resources is advancing construction of the Hope Bay Project in Nunavut, with processing plant delivery marking a major milestone toward first production. The company has 4.5 million ounces of gold in mineral resources across three deposits and expects to commission the processing plant by year-end with 110,000 tonnes of stockpiled ore.
Intact Gold provides update on Blackjack Property
Intact Gold Corp. reported results from its initial field program at the Blackjack Property in Ontario, with the highest grade sample returning 15.42 g/t Au. The program verified the presence of coarse gold mineralization in known veins at this historic gold mining property near Kenora.
McEwen Mining appoints new Chief Operating Officer
McEwen Mining has appointed Xavier Ochoa as Chief Operating Officer, replacing William Faust who departs September 30, 2016. Ochoa brings 25 years of operational experience including roles at Goldcorp, Glencore and Xstrata. The appointment is part of McEwen's strategy to strengthen management as they advance their gold, silver and copper assets across the Americas.
NioCorp completes five pilot plant runs as part of its Elk Creek Project feasibility study
NioCorp successfully completed five metallurgical pilot plant runs at SGS Lakefield testing its scandium, niobium, and titanium production processes for the Elk Creek Project. The pilots demonstrated continuous operation capabilities with excellent performance, including less than 1% scandium losses in solvent extraction operations. These results provide critical data to advance the project's feasibility study toward completion.
K-Line Trailers begins production of next set of Dual Powered Road Trains
K-Line Trailers has begun production on its third and fourth Dual Powered Road Trains for an international mining corporation's Canadian operation. The innovative 190-foot road trains can transport 216 metric tonnes on grades up to 10%, representing some of the highest long-distance payloads in North American mining.