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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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New Cat D6 debuts world’s first high drive electric drive dozer
Caterpillar has launched the new Cat D6 dozer series, featuring the world's first high drive Electric Drive technology. The D6 XE offers up to 35% better fuel efficiency compared to previous models, with payback expected in less than two years for customers choosing the electric drive option.
Imperial announces suspension of operations at Mount Polley Mine
Imperial Metals Corporation announced the suspension of operations at its Mount Polley copper-gold mine in British Columbia due to declining copper prices. The company plans to mill low-grade stockpiles through the end of May 2019 before full suspension, with operations resuming when mining economics improve.
AME’s Mineral Exploration Roundup kicks off with opening remarks from Premier John Horgan
The Association for Mineral Exploration launched its 36th annual Mineral Exploration Roundup conference in Vancouver, featuring BC Premier John Horgan and focusing on the mining industry's role in a low-carbon economy. The conference brings together over 6,000 participants from around the world to discuss opportunities in BC's mining sector and examine critical minerals demand for clean energy transition.
Teck announces US$1.2 billion Quebrada Blanca transaction; QB2 construction to proceed
Teck Resources secured US$1.2 billion from Japanese partners Sumitomo Metal Mining and Sumitomo Corporation for a 30% stake in the Quebrada Blanca Phase 2 copper project in Chile. The Teck board approved full construction of QB2, targeting first production in second half 2021. The transaction significantly reduces Teck's funding requirements and de-risks the US$4.739 billion project.
Teck announces investment in Sun Metals
Teck Resources acquired a 13.8% stake in Sun Metals Corp for $3.5 million through a private purchase of 12.5 million shares at $0.28 each. The investment gives Teck exposure to Sun Metals' flagship Stardust exploration project in north central British Columbia.
Mason Graphite congratulates NanoXplore on its construction financing
Mason Graphite congratulated partner NanoXplore on securing construction financing for its Montreal production facility. Mason Graphite owns 22.3% of NanoXplore and has a supply agreement to provide graphite for NanoXplore's graphene production operations.
Victoria Gold: Eagle Mine Construction is 70% Complete
Victoria Gold announced that construction of its Eagle Gold Mine in Yukon is 70% complete and remains on track for first gold production in H2 2019. The project has achieved 950,000 construction hours with over 600,000 hours without a lost time incident, with key infrastructure including crushing facilities, heap leach pad, and gold recovery plant progressing well.
NanoXplore receives prestigious Technology Innovation Award for 2018
NanoXplore Inc. (TSXV: GRA) received the 2018 North American Graphene Technology Innovation Award from Frost & Sullivan, recognizing the company's innovations in graphene technologies and ability to scale production. The award highlights NanoXplore's development of proprietary technology that produces high-quality graphene at competitive prices for use in enhanced polymers and composite materials.
Pretium’s Brucejack approved for production boost to 3,800 tonnes per day — +33.9% daily increase
Pretium Resources received amended permits to increase Brucejack Mine production to 3,800 tonnes per day, a 33.9% increase from current 2,700 tonnes daily. The upgrade requires less than CAD$25 million in mill improvements and will boost annual production capacity to 1.387 million tonnes.
Wheaton Precious Metals reaches settlement on Canadian tax dispute regarding foreign income
Wheaton Precious Metals reached a settlement with the Canada Revenue Agency resolving a transfer pricing dispute over 2005-2010 taxation years related to foreign subsidiary income. The settlement confirms foreign income won't be taxed in Canada while adjusting service fees, with no additional cash taxes expected due to available losses.
UEX announces West Bear Winter Program
UEX Corporation announced a $4.25 million winter drill program for 2019 targeting its West Bear Cobalt-Nickel Deposit in Saskatchewan's Athabasca Basin. The program will consist of approximately 17,000 meters of drilling to extend high-grade cobalt mineralization and potentially advance feasibility studies by late 2019.
Canadian Mining Vice-President of Exploration dies in Burkina Faso
Kirk Woodman, vice-president of exploration for Vancouver-based Progress Minerals Inc., was found dead in Burkina Faso after being kidnapped. Woodman had over 30 years of exploration experience in West African gold projects and was overseeing the company's gold exploration programs in Burkina Faso and Côte d'Ivoire.
Reunion Gold announces the appointment of Chantal Gosselin to its board of directors
Reunion Gold Corporation appointed Chantal Gosselin to its board of directors, bringing the total to nine directors with seven being independent. Gosselin brings over 25 years of financial services and mining industry experience, including roles as VP and Portfolio Manager at Goodman Investment Counsel and senior mining analyst positions. The company granted her 300,000 stock options at $0.19 per share as part of the appointment.
Rising market capitalization marks a period of opportunity for the sector
PwC Canada's Junior Mine 2018 report shows the junior mining sector's aggregate market capitalization rose 6% to CA$12.9 billion for the top 100 TSXV companies. The report highlights growing investor interest in royalty/streaming business models and battery metals like lithium, cobalt and nickel as gold loses dominance.
Caterpillar® announces two new ultra-class trucks
Caterpillar announced two new ultra-class mining trucks: the 798 AC with 372-tonne payload and the 796 AC with 326-tonne payload, both featuring electric-drive technology. The trucks will be available in Q2 2019 and are designed to deliver class-leading payload capacity with high reliability and simple serviceability for mining operations.
PDAC names Lisa McDonald new Executive Director
PDAC has appointed Lisa McDonald as its new Executive Director after she served as interim director for the past year. McDonald brings over 20 years of experience with the association and was instrumental in growing the annual PDAC Convention into the world's premier mining event with 25,000+ attendees from 135 countries.
Teck announces new Vice President appointments
Teck Resources announced the appointment of seven new Vice Presidents across key operational and strategic roles, including technology, project development, and South American operations. The appointments reflect organizational strengthening as the company advances major projects like Quebrada Blanca Phase 2 in Chile.
AME announces 2018 Award Winners
The Association for Mineral Exploration (AME) announced its 2018 award winners, recognizing industry leaders for excellence in exploration, financing, and corporate responsibility. Notable achievements include the discovery of over 60 million ounces of silver in Yukon's Keno Hill district and diamond discoveries on Baffin Island. The awards will be presented at the AME Roundup 2019 conference in January.
Canadian Gold Miner discovers new gold zone south of Kirkland Lake
Canadian Gold Miner and Transition Metals discovered a new gold zone called 'Behold Zone' 10 kilometres south of Kirkland Lake, Ontario. Channel sampling returned up to 8.6 g/t Au over 0.30 metres, with the zone situated near an 800-metre IP anomaly within a 1.5-kilometre mineralized corridor.
MacLean celebrates two production milestones: Scissor Truck 200 and Boom Truck 100
MacLean Engineering reached two production milestones with its 200th scissor lift going to Eldorado Gold's Lamaque Mine in Quebec and its 100th boom truck heading to Centerra Gold's Kemess Underground Project in British Columbia. The milestones highlight MacLean's growing presence in Canadian mining, particularly with utility vehicles alongside their established bolter and battery electric equipment lines.
Sandvik introduces Ranger DX600R surface top hammer drill rig
Sandvik Mining and Rock Technology has expanded its Ranger DX series with two new remote-controlled drill rigs, the DX600R and DX800R, designed for hazardous quarry and construction applications. The non-cabin rigs feature advanced radio remote control capabilities and offer up to 60% more productivity compared to conventional top hammer drill rigs.
Teck announces appointment of Dean Winsor as Senior Vice President and CHRO
Teck Resources appointed Dean Winsor as Senior Vice President and Chief Human Resources Officer, promoting him from his previous role as VP Human Resources. Winsor brings nearly 30 years of mining industry experience and has been with Teck since 1999.
Pretium Resources Inc.: Exploration and Resource Drilling Update
Pretium Resources reported results from an 8,000-meter regional exploration program on the Bowser Claims near their Brucejack Mine in BC, confirming high-grade gold mineralization and porphyry-style copper-gold potential. The company discovered a new Upper Kirkham Zone with samples returning up to 3.55 g/t gold and over 10,000 g/t silver, and is planning a 70,000-meter drill program for 2019 to expand resources.
Mason Graphite presents its updated feasibility study economic results for the Lac Guéret Project
Mason Graphite presented updated feasibility study economics for its Lac Guéret graphite project in northeastern Quebec, maintaining the project's financial robustness as construction activities begin. The company has $30M in cash liquidity and is reviewing financing options with National Bank Financial. Tree clearing operations have commenced at the site with completion expected by mid-December 2018.
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