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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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GFS Corp names Wajax and Cullen Diesel Power as new Canadian Distributors
GFS Corp has appointed Wajax and Cullen Diesel Power as Canadian distributors for its EVO-MT natural gas conversion systems for mining haul trucks. The announcement comes as Teck Resources begins a pilot program testing LNG fuel in Komatsu haul trucks at its Fording River coal operation, with approximately 300,000 operating hours already accumulated across converted fleets.
PT Freeport Indonesia invests in largest operator training simulator deal of 2015
PT Freeport Indonesia has made the largest operator training simulator investment of 2015, expanding their training program with underground equipment simulators from Immersive Technologies. The investment covers light vehicles, underground LHDs, trucks, jumbo drills, locomotives and Cat Command systems to improve operator safety and skills as their underground operations at the world-class Grasberg copper-gold deposit expand.
Goldcorp CEO Charles Jeannes to retire; board names successor
Goldcorp announced that CEO Chuck Jeannes will retire following the April 2016 annual general meeting after seven years of leadership. David Garofalo, current CEO of HudBay Minerals, will succeed him as President and CEO and join the board of directors.
BC Gov’t takes action on Chief Inspector of Mines’ recommendations on Mt Polley
The BC government announced it will implement all 19 recommendations from the Chief Inspector of Mines' investigation into the August 2014 Mount Polley tailings dam failure. The investigation found the dam failed due to an undetected clay layer beneath it, with weak operational practices exacerbating the environmental damage. New regulations will require dedicated dam safety managers, independent technical review boards, and administrative penalties for non-compliance by spring 2017.
M&E story results in BBN live interview for Cranbrook-based company
Caliper Machine and Hydraulics Ltd., a Cranbrook-based company, secured a live interview on BNN Commodities after being featured in Mining & Energy magazine. The company specializes in innovative products for mining companies that reduce costs and increase efficiency during the resource sector downturn.
Napier Ventures announces proposed acquisition of Emerald Isle property
Napier Ventures has entered into an agreement to acquire 100% interest in 78 mining claims in Arizona and Colorado from Emerald Copper Corp for a 2% NSR royalty and $200,000 promissory note. The primary focus is the Emerald Isle copper property in Arizona, which has a historical resource estimate of 2.22 million tons at 0.62% copper, though there are ongoing claim disputes with another company.
Teck announces first in Canada LNG haul truck at Fording River Mine
Teck Resources is piloting LNG-powered haul trucks at its Fording River coal mine in B.C., marking the first use of LNG fuel for haul trucks at a Canadian mine site. The pilot could reduce GHG emissions by up to 20% and potentially save over $20 million annually in fuel costs across operations.
Mount Polley short-term discharge permit approved
Mount Polley Mining Corporation received provincial approval for a short-term permit to treat and discharge water from Springer Pit, which is expected to reach capacity by April 2016. The permit allows treated water discharge into Hazeltine Creek and ultimately Quesnel Lake, following comprehensive public consultation and technical review.
Serious challenges to future mining investment necessitate immediate action
The Ontario Chamber of Commerce released a major report urging provincial and federal governments to take immediate action to strengthen Ontario's mining sector competitiveness. The report recommends increasing northern infrastructure investment, reducing regulatory uncertainty, and raising Ontario's flow-through share tax credit from 5% to 20%.
Legacy Potash project 50% complete, 150 more people to be hired.
K+S Potash Canada's $4.1 billion Legacy Project in southern Saskatchewan has reached 50% completion with startup scheduled for summer 2016. The company plans to hire 150 additional employees and expects to reach 2.0 million tonnes of production capacity by end of 2017.
Vancouver-based Lucara makes diamond history; recovers 1,111 carat diamond
Vancouver-based Lucara Diamond Corp. recovered a 1,111 carat gem quality diamond from its Karowe Mine in Botswana, making it the world's second largest gem quality diamond ever found and the largest recovered through modern processing. The historic discovery was made possible by newly installed Large Diamond Recovery XRT machines and represents exceptional value from the mine's south lobe.
Imperial Metals buoyed by Red Chris Mine production
Imperial Metals reported significantly increased revenues of $55.9 million in Q3 2015, driven primarily by the successful commissioning and commercial production start at the Red Chris mine in July 2015. Red Chris produced 20.7 million pounds of copper and 9,281 ounces of gold in the quarter, representing substantial increases from the previous quarter and helping offset challenges at other operations.
Aappalutoq Ruby Mine reaches 75% completion and joint venture partner earns further 10% ownership
True North Gems announced that construction at its Aappalutoq Ruby and Pink Sapphire project in Greenland has reached 75% completion. As a result of this milestone, joint venture partner LNS Group has earned an additional 10% ownership, bringing their total stake to 17%.
Westhaven commences drilling on its Shovelnose Gold property
Westhaven Ventures has commenced a 1,500-metre diamond drilling program at its Shovelnose gold property in British Columbia's Spences Bridge Gold Belt. The program aims to expand and outline the newly recognized epithermal gold system, building on previous drilling that intersected 50.4 metres grading 0.54 g/t Au and 4.77 g/t Ag. The company has completed 24 drill holes to date, all encountering gold and silver mineralization.
TMAC Resources: Hope Bay Gold Mine project moving successfully along the “path to production”
TMAC Resources reports the Hope Bay Gold Mine project remains on track and budget for production by end of 2016, having secured over $350 million in financing. The company achieved significant progress with 88% completion of processing plant engineering and successful test mining at the Doris underground operation that improved grades from 13 to 31 grams per tonne.
Alicia Woods appointed general manager at Marcotte Mining
Alicia Woods has been appointed general manager of Marcotte Mining, the same position her father Paul Marcotte was set to assume when he died in 1992 at age 37. Woods aims to lead the underground mining equipment company back to its innovative roots through product line updates and R&D focus.
Boart Longyear launches MDR700, the next generation underground coring rig with advanced mobility
Boart Longyear launched the MDR700, a next-generation underground coring rig featuring advanced mobility with a Manitou four-wheel drive carrier. The rig demonstrates 80% faster movement between holes compared to regular underground exploration rigs and offers 270-degree drilling angles with enhanced safety controls.
NexGen Energy reports positive uranium results in northern Saskatchewan
NexGen Energy reported positive radioactivity results from nine drill holes at its Rook I uranium property in Saskatchewan's Athabasca Basin, with hole AR-15-59c2 intersecting dense pitchblende accumulations that expanded the known high-grade A2 sub-zone. The company plans to complete 50,000 metres of drilling in 2016 and expects to publish a resource estimate in Q1-Q2 2016, followed by a pre-feasibility study by 2017.
US Coal producer cuts shipment through Westshore Terminals
Cloud Peak Energy amended its throughput agreement with Westshore Terminals to eliminate volume obligations for 2016-2018, replacing $454 million in take-or-pay commitments with quarterly payments. The move reflects depressed international coal prices and may reduce production at the Spring Creek Mine if export shipments don't materialize.
Canada’s role in the Trans Pacific Partnership points to a flourishing metals and minerals industry
Canadian mining industry leaders strongly support Canada's participation in the Trans Pacific Partnership (TPP) trade agreement, which represents 800 million consumers and $28.5 trillion GDP. The agreement will reduce tariffs currently ranging from 7.9-50% on Canadian metal and mineral exports, while providing investment protection and dispute resolution mechanisms for mining companies operating internationally.
Teck reports $2.2B in impairment charges and $2.1B in losses
Teck Resources reported massive $2.2 billion impairment charges due to low commodity price expectations, resulting in a $2.1 billion quarterly loss despite adjusted profit of $29 million. The company raised nearly $1 billion through streaming transactions and reduced debt by $400 million to strengthen its balance sheet amid challenging market conditions.
Teck announces appointment of Lawrence Watkins as Vice President, Health and Safety
Teck Resources Limited announced the appointment of Lawrence Watkins as Vice President, Health and Safety. Watkins has been with Teck since 2014 as Director, Health and Safety, bringing extensive mining industry experience across operations and management systems.
Benton Resources receives Newfoundland drill permit
Benton Resources has received a drilling permit for the Staghorn gold property in Newfoundland, planning a 1,000-1,500 metre diamond drilling program starting in late October. The program will target high-grade zones including Ryan's Hammer trend with grab samples up to 31 gpt gold and Rich House zone with samples up to 189.2 gpt gold.
MAC congratulates Prime Minister-elect Justin Trudeau
The Mining Association of Canada congratulated Prime Minister-elect Justin Trudeau on his election victory and expressed optimism about working with the new Liberal government. MAC highlighted Liberal platform commitments including investments in innovation, infrastructure, and skills training, as well as regulatory review for resource projects.