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US Mines produced an estimated $74.6 Billion in minerals during 2016
The USGS reported that US mines produced $74.6 billion worth of minerals in 2016, with the country becoming 100% import reliant on 20 critical mineral commodities including rare earths and manganese. The report highlighted declining domestic production in key sectors like aluminum and iron ore, while industrial minerals production reached $51.6 billion.
Positive trends for commodities in 2017: Scotiabank
Scotiabank's Commodity Price Index gained 6.2% in December 2016, driven by oil and gas gains. The bank forecasts broadly positive commodity trends for 2017, with oil prices upgraded to $58/bbl for WTI and base metals expected to benefit from improved global economic conditions.
NOVAGOLD reports excellent 2016 results: advances toward Final Environmental Impact Statement
NOVAGOLD reported 2016 progress on its 50%-owned Donlin Gold project in Alaska, with the draft Environmental Impact Statement public comment period completed and final EIS expected in early 2018. The company also advanced the Galore Creek copper-gold-silver project in British Columbia and strengthened community partnerships.
Encanto Potash finalizes massive deal with India’s National Federation of Farmers
Encanto Potash Corp has finalized a historic 20-year offtake agreement with India's National Federation of Farmers to supply a minimum of 5 million tonnes per year of muriate of potash. The deal addresses India's food security concerns and 100% reliance on potash imports, while advancing Encanto's flagship Muskowekwan project in Saskatchewan in partnership with Muskowekwan First Nation.
Kootenay Zinc Corp. sponsors Sullivan Core Shack Display
Kootenay Zinc Corp. is sponsoring construction of the Sullivan Core Shack, a museum-level display of ore specimens and drill core from the historic Sullivan mine at Kimberley's Underground Mining Railway Station. The educational display will showcase one of the world's greatest lead-zinc-silver deposits and will include geological specimens from five historic regional mines.
Important appointments to Alliance Magnesium Board of Directors
Alliance Magnesium Inc. appointed three senior executives to its Board of Directors, including former Alcoa executives Jean-Pierre Gilardeau and Michel G. Gagnon as Chairman. The company is developing technology to extract magnesium from serpentine rock with a cleaner process than current thermal methods used in China.
CSE tallies another record year in 2016; personnel, infrastructure additions strengthen 2017 outlook
The Canadian Securities Exchange reported record trading results for 2016 with trading volume rising 159% to 6.4 billion shares and trading value increasing 334% to $1.5 billion. The exchange completed integration of a new trading system and added experienced personnel to strengthen its position for 2017 growth.
McEwen leads extraordinary list of Mining Hall of Fame Inductees
The Canadian Mining Hall of Fame announced five new inductees for its 29th Annual Induction Ceremony, led by mining entrepreneur Robert McEwen who transformed Goldcorp into a global gold powerhouse. The inductees represent diverse mining sector contributions from oil sands development to gold mining and mineral policy expertise.
MX Gold announces proposed purchase of WestKam Gold Corp.‘s Bonaparte property
MX Gold Corp. has announced a proposed acquisition of WestKam Gold Corp.'s Bonaparte property located near Kamloops, British Columbia. The transaction represents MX Gold's continued consolidation of gold assets in the region.
NioCorp signs land acquisition agreements for Elk Creek Superalloy Materials Project: Nebraska
NioCorp Developments has signed 21 land acquisition agreements covering 4,078 acres in Nebraska for its Elk Creek Superalloy Materials Project, which will produce niobium, scandium, and titanium. The agreements provide exclusive mineral exploration rights and the right to acquire mineral and surface rights over five-year terms, advancing the project toward planned 2017 construction launch.
IsoEnergy intersects Uranium Mineralization at Thorburn Lake and strong basement alteration at Radio
IsoEnergy reported uranium mineralization at Thorburn Lake including 0.10% U3O8 over 0.5 metres, along with discovery of significant basement clay alteration at Radio similar to that found near major uranium deposits. The company is planning expanded winter drilling programs at both Saskatchewan properties to follow up on these encouraging results.
Teck Trail announces $174 million for new acid plant
Teck announced a $174 million investment in a new acid plant at its Trail Operations in BC, expected to be operational by summer 2019. The plant will reduce SO2 emissions by an additional 5% and create approximately 160 construction jobs.
Conuma Coal re-opens second mine near Tumbler Ridge, B.C.
Conuma Coal Resources is reopening the Wolverine Mine near Tumbler Ridge, BC, creating 220 new jobs and expecting to produce 1.5 million tonnes of metallurgical coal annually by April. This follows the company's earlier restart of the Brule Mine in September, which created 170 positions.
Kennady Diamonds announces Mineral Resource of 13.62 Million Carats for the Kelvin Kimberlite
Kennady Diamonds announced a maiden Indicated Mineral Resource of 13.62 million carats for the Kelvin kimberlite at its Kennady North Project in NWT, with an average grade of 1.60 carats per tonne and value of US$63 per carat. The resource is based on extensive drilling and bulk sampling programs, and the company is expanding its preliminary economic assessment to include both Kelvin and Faraday kimberlites.
Bravura announces submission of plan of operations application for its Musgrove Creek Project
Bravura Ventures has submitted a Plan of Operations application to the U.S. Forest Service for its Musgrove Creek Gold Project in Idaho, requesting permission to build drill roads and sites. The application covers a three-year flexible drilling program that could include up to 42 holes totaling 12,800 metres of drilling across 14 drill sites.
De Beers returns West Athabasca to CanAlaska
De Beers has returned the West Athabasca diamond project to CanAlaska after drilling seven targets, concluding that 85 magnetic anomalies are likely caused by magnetic organic material rather than kimberlite. CanAlaska plans to continue evaluating 78 remaining targets and is marketing similar properties to third parties for diamond exploration.
Karina Brino: MABC President and CEO named a WXN 2016 Top 100 Canada’s Most Powerful Women
Karina Briño, President and CEO of The Mining Association of B.C., was named to the Women's Executive Network 2016 Top 100 Canada's Most Powerful Women list, receiving the RBC Champions award. She was the first woman to hold the MABC leadership role since the organization's founding in 1901, highlighting the industry's commitment to diversity and women's advancement in mining.
Teck Trail operations completes $35 million investment to improve community air quality
Teck Trail Operations completed construction of a $35-million Smelter Recycle Building designed to reduce fugitive dust emissions by up to 25%. The facility will contain concentrate and in-process materials previously stored outside, improving community air quality by capturing and recycling dust into processing operations.
Goldcorp debuts “all-electric” mine—eliminates diesel usage
Goldcorp is developing Canada's first all-electric underground mine at its Borden Gold project, partnering with Sandvik Mining and MacLean Engineering to eliminate diesel usage. The initiative will reduce greenhouse gas emissions by 5,000 tons of CO2 annually and decrease ventilation requirements by 50%. The first battery-powered equipment is scheduled to begin operations in the second half of 2017.
Teck announces $285US Q1 coal benchmark—new collective agreements at Elkview & Fording River
Teck Resources announced a $285 USD per tonne benchmark price for Q1 2017 for its highest quality steelmaking coals. The company also secured new five-year collective agreements at its Fording River and Elkview mines in BC, though this will result in a one-time $35 million after-tax charge in Q4.
13 research projects deploy genomics to address challenges in Canada’s natural resources
The Canadian government announced $32 million in federal funding for 13 large-scale genomics research projects targeting natural resource challenges, with an additional $78 million from co-funders. The projects focus on applying genomic technologies to solve problems in mining, forestry, fisheries, and environmental protection, including climate change adaptation and water contamination prevention.
The Northern Miner cuts frequency by 50%—drops to 26 issues a year
The Northern Miner, after 101 years of weekly publication, is reducing its frequency by 50% to publish bi-weekly starting with 26 issues per year instead of 52. The mining industry publication plans to maintain the same content volume by producing larger 24-page editions every two weeks.
Denison to continue drilling uranium target on CanAlaska’s Moon Project
CanAlaska announced that Denison Mines will continue drilling on the Moon South claim in Saskatchewan's Athabasca Basin, following initial results including 0.5 metres of 0.102% U3O8 at the unconformity. Ground surveys are underway ahead of a summer drill program targeting the CR-3 conductor trend.
Barkerville Gold Mines enters into relationship agreement with Lhtako Dene First Nation
Barkerville Gold Mines has entered into a Relationship Agreement with Lhtako Dene First Nation for its Cariboo Gold Project in British Columbia. The agreement establishes the framework for cooperation on exploration and mining activities, with Barkerville issuing 400,000 common shares to the First Nation and both parties planning to negotiate a future Impact Benefit Agreement.