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Novagold’s first quarter results highlight progress on Donlin Gold’s environmental impact statement
Novagold reported Q1 2017 progress on permitting its flagship Donlin Gold project in Alaska, with the U.S. Army Corps of Engineers advancing the final Environmental Impact Statement expected in early 2018. The company highlighted the project's exceptional 39 million ounce gold resource and projected 27-year mine life with average annual production of 1.1 million ounces.
Britannia Mine Museum receives $1.4 million from Government of Canada for new infrastructure project
The Britannia Mine Museum received $1.4 million in federal funding under Canada's New Building Canada Fund to rehabilitate its historic Mill Building and other structures. Combined with $2.8 million raised from the BC mining industry, the total $4.2 million will fund a new immersive Mill Show attraction launching summer 2019.
Amec Foster Wheeler signs MOU with Muskowekwan First Nations and Encanto Potash Corp
Amec Foster Wheeler signed an MOU with Muskowekwan First Nations and Encanto Potash Corp to develop the Muskowekwan Potash Project, marking the first mining project on First Nations land in Saskatchewan. The agreement focuses on providing employment, training, and mentoring opportunities for First Nations members while establishing a sustainable revenue stream for the community.
Louis Martel takes the helm of The CSL Group as President and CEO
The CSL Group announced that Louis Martel has been appointed President and CEO of the global shipping company, succeeding Rod Jones after an eight-month transition process. Martel brings 20 years of experience with CSL, having previously served as President of Canada Steamship Lines and most recently as President of CSL International and Executive Vice-President of The CSL Group.
Pure Energy Minerals completes successful lithium brine pumping test at Clayton Valley
Pure Energy Minerals completed a successful 72-hour lithium brine pumping test at its deepest exploration well CV-8 in Nevada's Clayton Valley, reaching 3,194 feet depth. The test extracted consistent lithium-bearing brine and discovered new aquifer zones, more than doubling the known thickness of brine-saturated sediments. Results will inform the upcoming Preliminary Economic Assessment and resource update.
Bonterra announces strategic investment by Kinross Gold
Kinross Gold has agreed to invest $5.2 million in BonTerra Resources through a private placement of 14.9 million shares at $0.35 per share, giving Kinross a 9.5% stake in the gold exploration company. The investment validates BonTerra's progress at its Gladiator deposit in the Urban Barry gold camp and provides strategic partnership with a major gold producer.
Brandt steps up with plan to save shuttered Saskatoon manufacturing facility
Brandt Group of Companies acquired the shuttered Mitsubishi Hitachi Power Systems facility in Saskatoon to prevent liquidation and preserve local manufacturing capacity. The 22-acre site includes a 208,000 sq ft facility with specialized power generation equipment manufacturing capabilities. Brandt plans to reintroduce green energy technologies including wind turbines to support SaskPower's renewable energy mandate.
MABC announces departure of President and CEO
The Mining Association of British Columbia announced the departure of President and CEO Karina Briño, who will leave in May 2017 for a new industry role in Chile. Briño led the organization since August 2011 through significant regulatory changes and commodity price volatility, strengthening the association's influence and financial position.
Kemess Underground Project granted environmental assessment approval
AuRico Metals Inc. has received environmental assessment approval for its $683.9 million Kemess Underground copper-gold project in northern B.C. The project will produce 24,650 tonnes of ore per day over 13 years and includes 33 legally-binding environmental conditions. This marks successful collaboration with First Nations and represents a significant milestone for underground mining development in the region.
Champion Iron acquires 735 specialized iron ore railcars for Bloom Lake mine for (US) $30.1 million
Champion Iron acquired 735 specialized iron ore railcars for $30.1 million to transport ore from its Bloom Lake mine near Fermont to the port at Sept-Iles, Quebec. The acquisition is a key step toward restarting full-scale production at the mine, which has mineral reserves of 411.7 million tonnes and is forecast to generate over $15 billion in revenue over 20 years.
Rail cars arrive at K+S Potash Canada’s Legacy Project
K+S Potash Canada received the first 177 of 531 custom rail cars at its Legacy Project mine site in Saskatchewan, marking a significant milestone toward production expected to begin in Q2. The cars will transport potash to the company's Port Moody facility via newly constructed CP rail infrastructure, representing Saskatchewan's first new potash mine in over 40 years.
New Brucejack Mine “Valley of the Kings” shows 8.1 million ounces of gold potential
Pretium Resources announced an updated mineral reserve estimate for its Brucejack Mine's Valley of the Kings deposit, increasing proven and probable reserves to 8.1 million ounces of gold at 16.1 g/t. The high-grade underground gold mine in northern BC is nearing production with dry commissioning scheduled for March 2017 and construction progressing ahead of schedule.
Cummins opens state-of-the-art facility in Sparwood
Cummins Western Canada opened a new 10,000+ square foot facility in Sparwood, BC on February 6 to serve coal mining operations in the Elk Valley. The upgraded facility consolidates previously scattered operations under one roof and improves service capacity for the region's coal mining fleet as coal prices increase.
CanAlaska to commence drill program at Nisku Target
CanAlaska Uranium is launching a four-hole drill program at its Nisku copper-zinc property in northern Manitoba, targeting a large volcanogenic massive sulfide deposit near the historic Ruttan mine. The drilling will test electromagnetic targets with characteristics similar to VMS deposits, supported by Manitoba government funding through the MEAP program.
CSX names E. Hunter Harrison as Chief Executive Officer
CSX Corporation has appointed Hunter Harrison, former CEO of Canadian Pacific Railway and CN Rail, as its new Chief Executive Officer effective immediately. The appointment comes with a significant compensation package including options for 9 million shares and is part of an agreement with activist investor Mantle Ridge LP that also reconstitutes CSX's board of directors.
CanAlaska March 2017 update: uranium, copper and diamond exploration
CanAlaska Uranium provided a comprehensive exploration update across multiple projects including uranium exploration in the Athabasca Basin, copper-zinc targets near the former Ruttan mine, and diamond exploration activities. The company reported drilling results showing uranium mineralization at Moon South and outlined plans for upcoming drill programs across several properties operated by major partners including AREVA, Cameco, and Denison.
Digging deep into metals & minerals: Scotiabank Special Report
Scotiabank released its March 2017 Commodity Price Index showing a 6.4% monthly gain driven by strong metals and oil performance. The report provides price forecasts for major commodities through 2018, with zinc showing the strongest fundamentals due to concentrate shortages. The timing coincides with the annual PDAC convention in Toronto, reflecting renewed optimism in the mining sector after prices hit cycle lows in 2016.
Geoscience BC receives $10 million in new funding from BC government for earth science research
The BC government committed $10 million over two years to Geoscience BC for earth science research supporting mineral, water and energy development. The funding announcement was made at the Association of Mineral Exploration Round-up Conference in Vancouver. Since 2005, Geoscience BC has leveraged public funding to attract $22 million in private investment and BC's share of mineral exploration investment has increased 350% to 21% in 2015.
Geoscience BC releases survey results indicating potential for new mineral deposits in B.C.
Geoscience BC announced results from its Search Phase II Project, the largest geophysical survey conducted in Canada in 2016, covering 24,000 square kilometres in west-central British Columbia. The magnetometer survey indicates potential for new copper, silver, and molybdenum deposits in the region. The survey bridges data gaps and provides continuous coverage over 55,500 square kilometres when combined with previous surveys.
International Explorers and Prospectors Inc. announces results from Diamond Drilling program
International Explorers and Prospectors Inc. completed 3,965 metres of diamond drilling on two properties near Timmins, funded by JEAP grants. The Montclerg gold property returned significant wide intersections including 123.5m @ 0.74 g/t Au, confirming potential for an open-pit resource, while the Genex VMS property showed broad low-grade polymetallic mineralization.
AME BC likes new 2017 BC Budget
The Association for Mineral Exploration (AME) endorsed British Columbia's 2017 budget, which extends mining flow-through share tax credits and expands exploration tax credits to include environmental studies and community consultations. The budget also provides $10 million for Geoscience BC over two years and $18 million for ministry oversight functions.
Kootenay Zinc starts drilling at Fort Steele’s “Sully” property
Kootenay Zinc Corp. has mobilized drilling contractor FB Drilling to resume exploration at its Sully Property near Fort Steele, B.C., focusing on the E1 Zone of the EAST Anomaly Area. The company will conduct drill hole SY17-11 to test gravity data models and perform new downhole EM and magnetic surveys, with additional holes planned for the larger E3 anomaly.
Dragon-Den style #DisruptMining announces five finalists
#DisruptMining announced five finalists for their Dragon Den-style technology showcase event to be held March 5, 2017 at the Carlu Toronto during PDAC. The finalists include companies developing bio-mining recovery, underground ore transport systems, AI-powered exploration targeting, real-time drilling data, and blockchain gold trading platforms.
The AME announces that Gavin Dirom, the current President and CEO, will be leaving the organization
The Association for Mineral Exploration (AME) announced that President & CEO Gavin C. Dirom will be leaving the organization this spring after eight years of leadership. Under Dirom's guidance, AME has grown to represent over 415 corporate and 4,200 individual members while advocating for BC's mineral exploration industry through market downturns. The board has initiated an executive search process for a new CEO.