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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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UBC and industry partnership spurs metallurgical sector development in BC Interior
UBC has partnered with Teck Metals, Fenix Advanced Materials, and other companies in a $293,000 three-year research project to develop sustainable methods for extracting valuable metals from lead-zinc smelting byproducts. The initiative aims to create economic development opportunities in BC's Southern Interior by turning waste materials into value-added products for secondary industries in the Kootenay region.
Celebrate BC Mining Week with Family Fun Day at Britannia Mine Museum
The Britannia Mine Museum is hosting a Family Fun Day on May 14th as part of BC Mining Week, featuring educational activities, exhibits, and entertainment to promote mining awareness. The museum also debuts its new summer exhibit 'Water: Beneath the Surface' exploring the role of water in mining and geology.
$94M profit declared by Teck Resources, sees change in direction in steelmaking coal and zinc prices
Teck Resources reported Q1 2016 profit of $94 million, up from $68 million year-over-year, while achieving significant cost reductions across operations. The company noted encouraging price direction changes in steelmaking coal and zinc markets despite ongoing commodity cycle challenges.
Nevsun Resources and Reservoir Minerals combine—consolidate Timok Copper Project ownership
Nevsun Resources has agreed to acquire Reservoir Minerals for approximately US$365 million, creating a mid-tier base metals company with 100% ownership of the high-grade Timok Copper Project's upper zone in Serbia. The transaction consolidates ownership of the copper-gold development project and leverages Nevsun's strong cash flow from its operating Bisha mine.
Green Mountain Jade is shining the spotlight on Canadian-produced jade
Green Mountain Jade Inc. plans to increase nephrite jade production by up to 50% this season by starting mining in May instead of June. The company produced 400 tonnes last season, with 90% exported to China, and operates four active mines in British Columbia.
Fortune Minerals announces permitting underway for NWT public highway to Whati
Fortune Minerals announced that the Government of the Northwest Territories has submitted permit applications for a 94-kilometre public highway to Whati, located 50 km south of Fortune's NICO gold-cobalt-bismuth-copper project. The highway will provide critical infrastructure for the NICO development, which has already received environmental assessment approval and is positioned to become a North American source of battery-grade cobalt chemicals amid growing electric vehicle demand.
Tree-top sampling program may help uncover new mineral deposits in B.C.
Geoscience BC completed an innovative helicopter-supported tree-top sampling program, collecting 421 samples from spruce trees across 1,000 square kilometres in central B.C.'s Chilcotin Plateau. The pilot program tested whether trace metals in trees could help identify new mineral deposits in areas that are difficult to access using traditional sampling methods.
Imperial recalls over half of their laid off employees—44 of 85 called back
Imperial Metals has recalled 44 of the 85 employees laid off at its Huckleberry copper mine in January 2016 due to weak copper prices. The recalled workers will focus on tailings dam construction and potential open pit mining, while the mine continues processing stockpiles until August 2016. The operation faces potential care and maintenance status if copper prices don't improve by Q3 2016.
Geoscience BC releases first data reports on groundwater aquifers in the Peace Region
Geoscience BC released the first data reports from its Peace Project, a comprehensive groundwater mapping initiative in northeast BC's Peace Region. The project included a 43-day airborne electromagnetic survey covering 8,000 square kilometers and analysis of 1,300 petroleum boreholes to map shallow aquifers. This research will help inform sustainable groundwater management decisions for communities, First Nations, government, and the resource sector.
Cameco commences drilling at CanAlaska’s West McArthur Project
Cameco has commenced drilling at CanAlaska's West McArthur Project under an option agreement allowing Cameco to earn up to 60% interest through $12.5 million in expenditures. The drilling targets the Grid 5 area, believed to host the western extension of mineralization being explored at Cameco's nearby Fox Lake discovery, which contains 68.1 million pounds of inferred uranium resources.
Albert Lamarre—geologist, author and all-around adventurer
Albert Lamarre, a geologist with 13 years in mineral exploration, has published a memoir titled 'Mountains, Minerals, and Me: Thirteen Years Revealing Earth's Mysteries' chronicling his adventures in the field. He contributed to bringing the Thompson Creek molybdenum deposit in Idaho into production by recognizing a previously unidentified high-grade core during exploration in the late 1970s.
Is the mining “Bear” market on the run?
Market analysts suggest the five-year mining bear market may be ending, with gold up 17% since mid-December and copper rising 15% to $2.25/lb. Major mining stocks have seen dramatic recoveries, with some tripling in value since January lows, while the TSX Venture Exchange gained 23% from its January trough.
Horse Creek silica mine near Golden on the drawing board
Hi-Test Sand Inc. is proposing to develop a year-round silica mine near Golden, BC, expanding from their current seasonal quarry operations. The Horse Creek Silica mine could produce 50,000 tons annually primarily for solar panel production, potentially creating 150 direct jobs and 500 spin-off positions.
Federal Budget invests in mining essentials
The Mining Association of Canada welcomed the Liberal government's Budget 2016, highlighting key investments in regulatory agencies, Indigenous reconciliation, and clean technology innovation. The budget includes $1 billion over four years for clean technology in natural resources and renewal of the Mineral Exploration Tax Credit for junior explorers.
Lucara Diamond makes history with 1,100+ carat gem-quality diamond discovery in Botswana
Lucara Diamond Corp. discovered an exceptional 1,100+ carat gem-quality Type IIa diamond at its Karowe mine in Botswana, marking the second largest diamond ever recovered globally. The historic find, named Lesedi La Rona, will be auctioned by Sotheby's with a pre-sale estimate of $70 million.
Gold panning is still alive and well on the Wild Horse River near Fort Steele, B.C.
Stephen Lathem operates the Nip & Tuck Gold Mine on the Wild Horse River near Fort Steele, B.C., where he has been successfully extracting gold for over 20 years. His operation includes both commercial mining and tourist gold panning experiences, with his largest find being a 2-ounce nugget in 2015. Lathem reports weighing his gold production in pounds rather than grams or ounces, challenging the belief that historic miners extracted all available gold from the area.
NexGen Energy calls uranium drilling results, “simply stunning”
NexGen Energy reported exceptional drilling results from its Rook I uranium project in Saskatchewan's Athabasca Basin, with hole AR-16-63c2 recording the strongest radioactivity ever seen at the Arrow zone. The results demonstrate strong continuity in the high-grade A2 sub-zone and suggest significant expansion potential for the deposit.
Saskatchewan tops for mining investment in Canada
The Fraser Institute's 2015 mining survey ranked Saskatchewan second globally for mining investment attractiveness, maintaining its position from 2014. The survey evaluated 109 jurisdictions based on mineral potential and policy factors, with Western Australia taking first place and Ireland leading on policy perception alone.
Karnalyte Resources Inc. announces agreement in principle for $700m US financing for potash mine
Karnalyte Resources Inc. announced an agreement in principle for $700 million US financing for its potash mine project. This represents a significant funding milestone for the Calgary-based company's potash development efforts.
First Quantum Minerals announces the sale of its Kevitsa Mine for US$712 million to Boliden
First Quantum Minerals has agreed to sell its Kevitsa nickel-copper-platinum mine in Finland to Boliden AB for US$712 million. The transaction is part of First Quantum's strategy to strengthen its balance sheet and improve capital structure to support development of its Cobre Panama project. The sale is expected to close in May 2016 pending regulatory approvals.
Land claims largest deterrent to mining investment in B.C.
A Fraser Institute survey reveals that uncertainty over disputed land claims is the biggest deterrent to mining investment in British Columbia, with 77% of respondents citing it as a concern compared to much lower rates in other provinces. Recent Supreme Court decisions have worsened the situation by opening private companies to aboriginal title litigation, putting both existing and future mining projects at risk.
BC Minister of Mines introduces new regulatory compliance, penalities and enforcement tools
BC Minister of Energy and Mines introduced amendments to the Mines Act that add administrative monetary penalties and increase maximum court penalties from $100,000 to $1 million. The changes implement recommendations from investigations into the Mount Polley tailings dam failure and align BC mining regulations with other provincial natural resource legislation.
Mining still strong
Pierre Gratton, CEO of the Mining Association of Canada, addressed a chamber of commerce luncheon in Cranbrook, B.C., acknowledging current economic challenges while expressing optimism about the medium and long-term prospects for Canadian mining. He highlighted that mining accounts for 20% of Canadian exports and directly employs over 375,000 people, emphasizing the need for Canada to prepare for the next upswing through infrastructure improvements and streamlined processes.
The Rare Earths Market: Thriving, but Threatened by Illegal Mining and Production in China
InvestorIntel announces Professor Dudley Kingsnorth as keynote speaker for the 5th Annual Cleantech & Technology Metals Summit in Toronto, May 10-11. His presentation will focus on how illegal rare earths mining in China threatens global supply chains and non-Chinese producers. The summit features technology metals experts discussing critical minerals demand growth and cleantech industry impacts.