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Midland and Altius discover new copper-gold-molybdenum-silver and gold showings in James Bay
Midland Exploration and Altius Minerals discovered new high-grade copper-gold-molybdenum-silver showings at their Lothlorien project in James Bay, Quebec. The Galadriel showing returned exceptional grab sample results of up to 7.19% copper, 0.70% molybdenum, 4.3 g/t gold and 61 g/t silver. The discoveries form a 225-meter mineralized trend suggesting a magmatic-hydrothermal system with significant exploration potential.
Grizzly mobilizes field crew to the Robocop cobalt-copper-silver property in southeast BC
Grizzly Discoveries has mobilized a field crew to conduct a two-week surface exploration program at its 9,891-acre Robocop cobalt-copper-silver property in southeast British Columbia. Historic drilling has yielded promising near-surface mineralization with grades up to 0.182% Co, 2.44% Cu and 9.6 g/t Ag, and the company is planning an airborne geophysical survey followed by a potential fall drilling campaign.
Addressing Canada’s declining mineral industry competitiveness
The Canadian Mineral Industry Federation submitted a brief to Energy and Mines Ministers outlining seven policy areas to restore Canada's position as the world's top mineral investment destination. The recommendations address regulatory challenges, Indigenous participation, land access, climate policy, innovation investments, northern operations, and fiscal competitiveness amid stagnant mineral investment in recent years.
Mason Graphite announces appointment of key executives with strong construction experience
Mason Graphite appointed two senior executives with construction experience from the $1B Renard diamond project to lead construction of its Lac Guéret graphite project. The company has $40M cash and expects to begin construction shortly after receiving remaining permits.
Cleaning the beaches of the world
A coastal maintenance company in Valencia, Spain used an MB-S14 screening bucket mounted on a JCB excavator to clean 9 km of beaches at Oliva. The screening technology separated sand from vegetation, debris and litter, allowing natural materials to be reused on-site while only trash was sent to landfill.
UEX files technical report for the West Bear Co-Ni deposit
UEX Corporation filed a technical report supporting its maiden resource estimate for the West Bear Cobalt-Nickel Deposit. The deposit contains 390,000 tonnes grading 0.37% cobalt and 0.22% nickel, equivalent to 3.17 million pounds of cobalt and 1.93 million pounds of nickel. The high-grade deposit is located in Saskatchewan's Athabasca Basin with excellent infrastructure access.
Railway Association of Canada announces 2018 Safety Award winners
The Railway Association of Canada announced its 2018 Safety Award winners, recognizing CP, VIA Rail, Cando Rail Services and Genesee & Wyoming for outstanding safety initiatives. CP's predictive bearing detection technology achieved a 96% reduction in in-transit bearing failures, demonstrating how innovation is advancing rail safety across Canada's transportation network.
Kevin Parkes new President of Finning Canada
Finning Canada has appointed Kevin Parkes as its new President, effective January 1, 2019, replacing retiring Juan Carlos Villegas. Parkes, currently Managing Director of Finning UK and Ireland, brings extensive experience from both within Finning and externally, having successfully restructured the UK and Ireland operations.
Mountain Province Diamonds joins Dominion’s Canadamark Program
Mountain Province Diamonds has partnered with Dominion Diamond Mines to allow its customers to certify qualifying polished diamonds under the Canadamark certification program. This program verifies diamonds are natural, untreated, and mined in Canada under sustainable practices, enhancing the Canadian provenance branding for Mountain Province's Gahcho Kué mine production.
International News: Teck’s Quebrada Blanca Phase 2 receives regulatory approval
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 copper project in northern Chile, clearing a major hurdle toward a potential construction decision in Q4 2018. The project will produce 300,000 tonnes of copper equivalent annually for the first five years and represents a tier-one asset with a 25-year mine life using only a quarter of reserves.
Yamana Gold announces creation of executive chairman role and appointment of New President and Chief
Yamana Gold announced a leadership transition with Daniel Racine being promoted from COO to President and CEO, while founder Peter Marrone moves to a newly created Executive Chairman role. The company reports strong operational performance in 2018, with the newly commissioned Cerro Moro mine performing to plan and operations trending favorably toward annual guidance for gold, silver and copper production.
McEwen Mining appoints Chris Stewart as President and COO
McEwen Mining appointed Chris Stewart as President and COO, replacing Xavier Ochoa who resigned. Stewart brings 25 years of mining experience including leadership roles at Treasury Metals, Kirkland Lake Gold, and Lake Shore Gold. The appointment supports McEwen's growth phase and goal to qualify for the S&P 500 Index.
Kinross releases 2017 Corporate Responsibility Report
Kinross Gold Corporation released its 2017 Corporate Responsibility Report, marking ten years of formal CR reporting. The report highlights the company's lowest-ever Total Reportable Injury Frequency Rate of 0.32, $2.8 billion spent in host countries, and zero cases of corruption across its global operations spanning six countries.
Brixton Metals appoints Randall Thompson as a New Director
Brixton Metals Corporation appointed Randall Thompson to its Board of Directors, bringing 30 years of mine development experience including leadership roles at the Huckleberry copper-molybdenum mine in BC. Thompson previously supervised major projects including a $100 million Huckleberry expansion and $450 million Jabal Sayid mine construction in Saudi Arabia.
Rock Tech completes hydrogeological survey at Georgia Lake
Rock Tech Lithium completed a hydrogeological survey at its Georgia Lake lithium property in Ontario's Thunder Bay Mining District as part of its first Preliminary Economic Assessment. The survey by DMT GmbH found low groundwater permeabilities that should not pose major challenges for mining drainage, supporting the feasibility of the project which contains 13.29 million tonnes of lithium resources.
Teck announces Board Appointment and Succession Plan for Chairman
Teck Resources announced a major board succession plan with Dominic Barton, former Global Managing Partner of McKinsey & Company, joining as Chairman on October 1, 2018, replacing retiring Chairman Norman B. Keevil. The transition brings significant global business experience and strategic insight to lead Teck's continued growth in copper, steelmaking coal, zinc and energy operations.
Monarques Gold produces 4,695 ounces of gold and generates $10 million in revenue in fourth quarter
Monarques Gold produced 4,695 ounces of gold in Q4 2018, generating $10 million in revenue despite a 5% production decline from the previous quarter. The company initiated a feasibility study on its Wasamac deposit with 2.6 million ounces of measured and indicated resources, while custom milling operations grew 31% to offset production declines.
Teck provides update on Galore Creek Project
Teck Resources announced that its joint venture partner NOVAGOLD has agreed to sell its 50% interest in the Galore Creek copper-gold-silver project in northwestern BC to Newmont for US$275 million. Teck and Newmont will invest $12-20 million annually over 3-4 years to complete an updated prefeasibility study for the large undeveloped deposit.
Geoscience BC calls for project proposals to generate new minerals research and data
Geoscience BC released six Requests for Proposals (RFPs) to generate new mineral resource research and data for public benefit in British Columbia. The proposals focus on copper-gold deposits, new discovery tools, big data analytics, water understanding, future mining practices, and preserving geoscience heritage, with submissions due October 1, 2018.
Transparency and confidence waning in Canada’s mining exploration permit process
The Fraser Institute released a study showing that mining exploration permit processes in Canadian provinces have become less transparent and take longer than 10 years ago, deterring investment. Ontario leads with 50% of respondents citing lack of transparency as an investment deterrent, followed by BC at 48% and Quebec at 40%.
Mining Association of Canada comments on cabinet shuffle
The Mining Association of Canada welcomed the appointment of Amarjeet Sohi as Canada's new Minister of Natural Resources, replacing Jim Carr who moved to International Trade Diversification. MAC expressed optimism about working with both ministers on the new federal-provincial Minerals and Metals Strategy and highlighted the mining sector's $57.6 billion contribution to national GDP.
Ecofiscal Commission urges governments to make environmental disasters less likely by closing gaps
Canada's Ecofiscal Commission released a report calling for better financial assurance policies to price environmental risk and reduce industrial disasters. The report examines liability gaps that shift cleanup costs from companies to taxpayers and recommends tools like insurance and cash deposits to incentivize risk reduction.
Azincourt Energy Adds Cat 4 Claim to Lithium Two Project; Expands Eagle Pegmatite to the West
Azincourt Energy and joint venture partner New Age Metals have expanded their Lithium Two project in Manitoba by adding the Cat 4 claim, which nearly doubles the land package and extends the Eagle Pegmatite to the west. The project contains a historical resource of 545,000 tonnes at 1.4% Li2O, with drilling scheduled to begin shortly and 48 samples currently being analyzed.
Mountain Province Diamonds appoints Stuart Brown to the Board of Directors, President and CEO
Mountain Province Diamonds appointed Stuart Brown as permanent President and CEO effective July 1, 2018. Brown expressed enthusiasm about building on the company's solid foundation and executing value-adding initiatives. Mountain Province holds a 49% stake in the Gahcho Kué diamond mine with De Beers Canada in the Northwest Territories.