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Federal government issues key water licence for Seabridge Gold’s KSM Project
Seabridge Gold received a 25-year water licence from the Government of Canada for its KSM Project's Water Storage Facility in northwestern BC. The licence regulates transboundary water structures on the Unuk River system that flows into Alaska, representing continued federal support for the project's environmental design.
Kazzinc commits to RungePincockMinarco’s (RPM’s) Enterprise Planning Platform
Kazzinc, a Glencore-owned major zinc and gold producer in Kazakhstan, has selected RungePincockMinarco's Enterprise Planning Platform to be implemented alongside SAP systems. The technology deployment will span Kazzinc's entire operation including four underground mines, two open pits, and a concentrator plant to improve operational efficiency and real-time planning capabilities.
Golden Dawn announces closing of Greenwood property acquisition
Golden Dawn Minerals Inc. announced the closing of its acquisition of 100% interest in the Greenwood Assets, including the Lexington and Golden Crown properties and mill facility. The company paid $2.93M cash plus additional consideration including shares, warrants, and $1.3M in work commitments. The acquisition strengthens Golden Dawn's position in the historic Greenwood mining district of British Columbia.
Coal Association of Canada “disappointed” with federal coal phase-out announcement
The Coal Association of Canada expressed disappointment with the federal government's announcement to accelerate the phase-out of traditional coal-fired power generation by 2030. The organization advocates for investment in cleaner coal technologies and carbon capture storage rather than an accelerated phase-out that could result in job losses.
Teck announces ticker symbol change to “TECK”
Teck Resources Limited announced it is changing its ticker symbols on both the Toronto Stock Exchange and New York Stock Exchange effective December 5, 2016. The company's NYSE ticker will change from TCK to TECK, while TSX symbols will change from TCK.A and TCK.B to TECK.A and TECK.B respectively.
Teck signs agreement to acquire AQM Copper
Teck Resources announced it will acquire all remaining shares of AQM Copper Inc. for CAD$0.23 per share, totaling approximately CAD$25 million in cash consideration. The acquisition will give Teck an 80% interest in the Zafranal copper-gold project in southern Peru, consolidating its position from the current 50% indirect interest.
Magnetite to be shipped by truck from Montana to Elk Valley coal mines
Magnetite from Mexico and South America will be shipped via a new rail-truck route from Montana to Teck's Elk Valley coal mines in BC. The route uses BNSF Railroad to Montana, then Mission Mountain Railroad to Fortine, followed by trucking 80 miles to the Canadian border. This replaces direct CPR rail transport that experienced delays in the interchange process.
Senator Jon Tester urges US Government to address coal mining pollution concerns of Lake Koocanusa
U.S. Senator Jon Tester urged the Obama administration to address water quality concerns at Lake Koocanusa caused by coal mining pollution from British Columbia operations in the Elk River Valley. Teck Resources responded by highlighting their water treatment facilities and comprehensive watershed protection plan currently being implemented.
Two copper experts join Kincora Copper—both credited with multiple Tier 1 discoveries
Kincora Copper appointed two highly experienced copper exploration experts, Peter Leaman as Senior VP of Exploration and John Holliday as Chairman of a new Technical Committee. Both executives are credited with multiple Tier 1 copper-gold discoveries and will lead exploration across Kincora's expanded 1,500km2 landholding in Mongolia's Oyu Tolgoi belt.
CanAlaska Uranium reviews & updates current project activities
CanAlaska Uranium provided an operational update on its diversified portfolio of uranium, diamond, and base metal projects across Canada. The company has secured $800,000 in cash and $38.7 million in work commitments through option agreements with major partners including Cameco, De Beers, and Denison Mines. Key activities include 3,342 metres of drilling completed by Cameco at the West McArthur uranium project.
Kelvin Diamond Valuation Update
Kennady Diamonds is awaiting final valuation results for diamonds from its Kelvin kimberlite, with over 2,000 carats collected from bulk sampling exercises. The company is conducting two independent market valuations in Antwerp, with results expected within seven to ten days.
American Coal Council congratulates President-elect Donald Trump—“He supports coal and energy jobs”
The American Coal Council issued a congratulatory statement to President-elect Donald Trump, expressing optimism about the future of the coal industry under his administration. The organization highlighted Trump's support for coal and energy jobs, while criticizing recent regulations that have increased costs and led to plant closures.
Teck Resources reports profit for third quarter
Teck Resources Limited reported third quarter profit attributable to shareholders of $234 million, or $0.41 per share. CEO Don Lindsay leads the diversified mining company through what appears to be a profitable quarter.
Bravura signs definitive property agreement with Golden Predator for gold project
Bravura Ventures has signed an option agreement with Golden Predator Mining to acquire up to 90% interest in the Grew Creek gold project in southeast Yukon. The property has seen over $4.7 million in exploration expenditures and 19,000 meters of drilling across 70 holes since 2010, with the Carlos zone showing 300m strike length of near-surface gold mineralization.
Teck updates coal guidance—ups projected realized price to $205 per tonne
Teck Resources raised its Q4 2016 coal price guidance to $200-205 per tonne, up from the previously implied $185, due to strong steelmaking coal spot prices. Sales volume guidance remains at 6.5 million tonnes.
Centerra Gold and Thompson Creek Metals company complete acquisition deal
Centerra Gold has completed its acquisition of Thompson Creek Metals through a plan of arrangement, issuing 22.3 million shares representing 8% of its outstanding stock. The deal gives Centerra control of the world-class Mount Milligan Mine in BC, creating a geographically diversified gold producer with over two decades of expected production from current reserves.
B.C. and Alaska strengthen commitment to protect shared environment
British Columbia and Alaska signed a Statement of Cooperation establishing a bilateral working group to enhance water quality monitoring, environmental assessments and permitting for transboundary mines. The agreement implements a 2015 MOU and creates technical working groups to share water quality data and coordinate mine oversight across the border.
Province and FVRD set foundation for commercial gravel operations
The Province of British Columbia and Fraser Valley Regional District signed a memorandum of understanding establishing a new commercial gravel operations bylaw after 13 years of consultation. The bylaw creates clear zones where aggregate operations are allowed or restricted, with over 90% of rural areas remaining available for operations.
UBC and Kal Tire Announce Research Partnership
Kal Tire's Mining Tire Group has signed a three-year research partnership with UBC Okanagan's School of Engineering to develop innovative mining tire technology solutions. The collaboration will focus on areas from robotics and metallurgical design to environmentally-responsible tire recycling applications.
Seabridge Gold Discovers New Higher Grade Zone at KSM
Seabridge Gold discovered a new higher-grade zone at its KSM Project in northwestern BC, intercepting 61 meters averaging 1.2 g/t gold, 0.95% copper and 4.1 g/t silver. The company also confirmed extension of the Iron Cap Lower Zone over 556 meters, which should increase the inferred resource. Management believes this new discovery could be the hypothesized Mitchell North deposit and plans additional drilling in 2017.
IsoEnergy Completes Amalgamation and Receives Conditional Listing Approval from TSXV
IsoEnergy Ltd. completed its amalgamation with Airesurf Networks Holdings Ltd. and received conditional approval to list on the TSXV under symbol 'ISO' as of October 19, 2016. The uranium exploration company, spun out from NexGen Energy, will focus on exploring its Radio Project and Thorburn Lake Project in Saskatchewan's Athabasca Basin.
Five of the biggest mines in BC are in the Elk Valley, generate 64% of mining revenue
Five of British Columbia's top 10 mines by revenue are located in the Elk Valley, generating $3.048 billion or 64% of the total $4.75 billion revenue from the province's largest mining operations in 2015. Teck Resources dominates the list with seven of the ten mines, led by the Fording River coal operation which generated over $1 billion in revenue.
UBC identifies bacteria linked to acid produced at mining sites
UBC researchers have isolated five specific types of bacteria responsible for acid-rock drainage at mining sites, including three sulphur-oxidizing and two iron-oxidizing microbes active at low temperatures. This breakthrough research could lead to new treatment methods using antibiotics to manage mining waste without requiring traditional tailings ponds or caps.
Positive signs put junior miners in a good position for recovery - PwC report
PwC Canada's 2016 Junior Mine report shows mining companies now represent over 50% of TSXV market capitalization, up from 36% in June 2015, with top junior miners seeing market cap increases of over 100%. The report highlights a 22% gold price increase driven by global political uncertainty, improved financing activity, and renewed investor interest in junior mining assets.