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Appointment of Stephen Grocott as Chief Technical Development Officer
Clean TeQ Holdings Limited appointed Stephen Grocott as Chief Technical Development Officer to support process development for their Sunrise nickel, cobalt and scandium project. Grocott brings 35 years of experience from Rio Tinto where he was Chief Advisor, Processing, overseeing global technical support across their business portfolio.
Teck announces appointment of Kalev Ruberg
Teck Resources has appointed Kalev Ruberg as Vice President, Teck Digital Systems and Chief Information Officer. Ruberg has been with Teck since 2006 and brings over 40 years of information systems and technology experience to his expanded role.
Teck provides update on Fort Hills Project
Teck Resources provided an update on the Fort Hills oil sands project, confirming that more than 80% of the plant is now operational and first oil is expected in mid-January 2018. The project partners have also resolved a commercial dispute, with Suncor and Teck acquiring additional working interests from Total.
Seabridge Gold to drill Courageous Lake Project this winter
Seabridge Gold announced a 36-hole, 7,200-meter winter drilling program at its Courageous Lake Project in Northwest Territories, targeting seven areas that could extend mine life. The company is looking for more Walsh Lake-style deposits that could be mined before the main FAT deposit, potentially generating early cash flow for the remote project.
Teck Resources updates steelmaking coal guidance
Teck Resources provided Q4 2017 guidance updates for its steelmaking coal operations, confirming sales volumes of approximately 6.5 million tonnes and expected realized prices of US$165-170 per tonne. The company indicated it expects to return to a more typical premium steelmaking coal product mix in 2018.
Boreal completes Surface IP Geophysics at Burfjord, Norway
Boreal Metals completed an IP geophysical survey at its Burfjord Copper Project in Norway, confirming copper mineralization continuity over 3 kilometers strike length and depths exceeding 100 meters. The results increase confidence in the project's bulk tonnage potential and support plans for a drill program in the first half of 2018.
Angela Hamlyn appointed Executive Director of CIM
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has appointed Angela Hamlyn as Executive Director effective January 1, 2018. Hamlyn, who served as Interim ED for seven months, brings over a decade of experience with CIM including roles as Editor-in-Chief of CIM Magazine and Director of Communications. The appointment comes as CIM prepares to celebrate its 120th anniversary and positions the organization for strategic growth.
Honey Badger exploration stakes additional Polymetallic Silver, Gold, Zinc, Lead and Cobalt
Honey Badger Exploration has staked additional land in Ontario's historic Thunder Bay Silver District, acquiring the Mink and Silver Mountain properties. The properties are located near past-producing silver mines, including the Silver Mountain Group which produced 700,000 oz of silver from 1888-1903, positioning the company in a prospective polymetallic district.
Application made to increase Brucejack production to 3,800 tonnes per day
Pretium Resources has submitted an application to British Columbia regulators to increase production at its Brucejack Mine from 2,700 to 3,800 tonnes per day. The expansion would boost annual production capacity from 0.99 million tonnes to 1.387 million tonnes, with preliminary engineering estimates suggesting capital costs of less than US$25 million for the required mill capacity upgrades.
Arctic Economic Council welcomes Korea Shipowners’ Association as first sub-Arctic member
The Korea Shipowners' Association has become the first sub-Arctic member to join the Arctic Economic Council, one month after applying. This membership reflects Korea's commitment to sustainable Arctic development and positions the association to contribute to Arctic business activities and responsible economic development in the region.
Finning South America secures significant mining contract in Chile
Vancouver-based Finning International secured a multi-year US$185 million contract to supply nearly 70 pieces of Caterpillar mining equipment to Lundin Mining's Candelaria copper mines in northern Chile. This represents the first significant mining equipment order Finning has secured in Chile since the industry downturn in 2014, signaling recovery in the mining sector.
Ajax open-pit copper and gold mine not granted an environmental assessment certificate
British Columbia ministers denied an environmental assessment certificate for KGHM Ajax Mining's proposed 1,700-hectare open-pit copper and gold mine near Kamloops. The decision was based on 53 identified adverse effects across environmental, economic, social, heritage and health categories, with 21 effects deemed moderate-to-high magnitude and unacceptable risks to Indigenous rights and nearby communities.
Rogue closes acquisition of the Snow White Project
Rogue Resources completed the acquisition of the Snow White Quartz Project near Massey, Ontario for $750,000 cash and 1.05 million shares over time. The 160-hectare property has existing permits for unlimited annual quartz/silica production and good infrastructure access to Lake Huron ports for export markets.
Government of Canada approves the Murray River Mining Project
The Government of Canada approved HD Mining International's Murray River Mining Project in central British Columbia to mine metallurgical coal for steel production. The approval comes with 104 legally-binding environmental conditions, including the first-ever greenhouse gas emissions cap for a coal mine at 500,000 tonnes CO2 equivalent per year.
Register now: 2018 Vancouver Resource Investment Conference (VRIC18)
The 2018 Vancouver Resource Investment Conference will take place January 21-22, 2018 at the Vancouver Convention Centre West. The conference, co-produced by Cambridge House International and Katusa Research, is billed as the world's largest resource investment conference with 250+ exhibitors, 60+ speakers, and 8,000+ expected investors focusing on the clean energy transition's impact on mining demand.
Antofagasta signs agreement with Evrim for Axe Project in B.C.
Evrim Resources signed a joint venture agreement with Antofagasta plc subsidiary for the Axe copper-gold porphyry project in British Columbia. Antofagasta can earn 70% interest by spending US$50 million on exploration over ten years and completing a PEA. The 50 square kilometer property contains four known porphyry targets with historic drill results including 124.5m @ 0.35% Cu and 0.22 g/t Au.
VRIC & AME Roundup bring high level speakers to Vancouver’s Mining Week
The Vancouver Resource Investment Conference (VRIC) will take place January 21-22, 2018, featuring over 65 speakers including Jim Rickards, Peter Spina, and Rick Rule. The AME Roundup conference will follow January 22-25 at the same venue, creating Vancouver's Mining Week.
GFG Resources consolidates Timmins land package with proposed acquisitions
GFG Resources announced agreements to acquire three separate gold properties in the Timmins area from Rapier Gold, Probe Metals, and Osisko Mining, consolidating nearly 700 square kilometres of prospective gold assets. The company will also raise up to $7 million through a concurrent private placement to fund aggressive exploration activities planned for 2018.
Azincourt Energy signs Letter of Intent to acquire five lithium projects in Manitoba
Azincourt Energy signed a Letter of Intent to acquire up to 100% interest in five lithium exploration projects totaling 6,000 hectares in Manitoba's Winnipeg River Pegmatite Field from New Age Metals. The deal includes three drill-ready projects with historical lithium estimates and surface sampling results up to 4.33% Li2O, positioning Azincourt in a proven lithium district adjacent to the world-class Tanco Mine.
Monarques Gold announces custom milling contract with Nottaway Resources
Monarques Gold announced a custom milling contract with Nottaway Resources to process ore from the Vezza mine at its Camflo mill. The agreement covers at least 15,000 tonnes per month for a minimum of 180,000 tonnes in 2018, providing stable revenue flow for Monarques' milling operations.
Antofagasta signs agreement with Evrim for Axe Project in B.C.
Evrim Resources announced a joint venture agreement with Antofagasta allowing the mining giant to earn a 70% interest in the Axe gold-copper porphyry project in British Columbia for US$50 million in exploration spending over ten years. The 50 square kilometre property contains four known porphyry targets and is located in a proven mining belt hosting several producing mines.
Platinum shines bright: Honouring Canada’s best in corporate reporting
Chartered Professional Accountants of Canada announced the winners of its 66th annual Awards of Excellence in Corporate Reporting, with mining companies Barrick Gold, Goldcorp, and Teck receiving the top Platinum Awards alongside BMO Financial Group. Several other mining and energy companies including Agnico Eagle Mines, PotashCorp, Cameco, and Suncor Energy received Gold and Silver awards for excellence in various reporting categories.
Fireweed intersects 38 meters of 8.73% Zinc, 7.62% Lead and 129 g/t Silver
Fireweed Zinc reported exceptional drill results from its Macmillan Pass Project in Yukon, with hole TS17-07 intersecting 38 meters of 8.73% zinc, 7.62% lead and 129 g/t silver in the Tom East Zone. The intersection was 170% wider than historically modeled, confirming very high grades and extending the mineralized zone significantly. The company plans to complete a new NI43-101 compliant mineral resource estimate by early 2018 followed by a preliminary economic assessment.
Independence appoints new president, CFO and directors
Independence Gold Corp. appointed Kendra Johnston as President and Harry Chan as CFO, with Randy Turner becoming Executive Chairman. The company also welcomed two new directors to its board following their annual general meeting.