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Monarques Gold awards Ressources Ménitik a contract to upgrade the Chimo Road
Monarques Gold awarded Ressources Ménitik the contract to upgrade Chimo Road to enable installation of a 26-kilometre power line for the Croinor Gold deposit. The power line will reduce production costs and environmental impact, with Quebec providing up to $2.74M in grants for the project.
Magna International provides largest gift in Seneca’s history
Magna International announced a $3-million donation to Seneca College, the largest philanthropic gift in the college's history. The donation will support construction of Magna Hall, a new 200,000 sq. ft. building at Seneca's King Campus that will accommodate an additional 1,500 students annually.
Seabridge Gold obtains permits for Deep Kerr exploration adit
Seabridge Gold received permits from the BC Government to develop a 2,100 meter exploration adit into the Deep Kerr Deposit at its KSM Project in northwestern BC. The underground access will enable cost-effective drilling compared to surface drilling and help upgrade Deep Kerr's inferred resources to higher categories for potential block caving operations.
Martin Thompson appointed President and CEO of RSA Canada
RSA Canada has appointed Martin Thompson as permanent President and CEO, effective immediately, following his interim role since July 2016. Thompson brings nearly 20 years of experience with RSA Group and previously held senior leadership roles including Senior Vice President of Commercial Insurance and Global Specialty Lines.
LNG becoming increasingly popular in powering the mining industry
LNG is gaining momentum as a power source in the mining industry, with multiple companies piloting LNG-powered haul trucks and power generation systems. Teck Coal is leading Canadian adoption with six LNG haul trucks, while several major mining companies are implementing LNG solutions to reduce emissions and operating costs.
Taranis takes delivery of gold processing plant for Thor Project & provides update on exploration
Taranis Resources has taken delivery of a gold processing plant for its Thor Project in BC and completed exploration drilling that intersected high-grade mineralization. The company will process 1,000 tonnes of high-grade material while continuing systematic drilling to delineate gold zones at the polymetallic deposit.
Summer drill program finished at West Athabasca Diamond Project
CanAlaska Uranium completed its summer drill program at the West Athabasca Diamond Project with partner De Beers, drilling 7 of 11 planned targets but intersecting no kimberlite. High water levels prevented access to remaining targets, which will be deferred until winter freeze conditions allow better site access.
A new, cost-efficient compact hybrid system for solar–diesel microgrids targets the Mining Industry
Danvest and Pon Power launched a new Compact series of solar-diesel hybrid power systems specifically targeting the mining industry. The plug-and-play systems deliver 30-40% annual fuel savings and can run on 100% solar power during peak radiation periods with diesel generators providing spinning reserve.
Canada’s newest diamond mine to provide C$6.7 billion boost to economy
Gahcho Kué, the world's largest new diamond mine under construction in the Northwest Territories, is set to officially open and will provide a C$6.7 billion boost to the Canadian economy. The joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%) is expected to produce 54 million carats over its lifetime, reinforcing Canada's position as the world's third largest diamond producer by value.
Restart of Brule Mine: 170 new jobs for region
Conuma Coal Resources Ltd. is restarting the Brule Mine in British Columbia's Peace Region, creating approximately 170 jobs after a two-year care and maintenance period. The mine is expected to reach full production by December 2016, producing two million tons of metallurgical coal annually.
Teck Coal’s Baldy Ridge extension project approved
Teck Coal Limited received environmental assessment approval for the Baldy Ridge extension project, which will extend the Elkview mine's life by 23 years until 2045. The project will mine 153 million metric tonnes of clean coal with $600 million in construction costs and generate significant employment in southeast British Columbia.
Revenue-sharing agreement: Teck & Lower Nicola Indian Band
Teck Resources and the Lower Nicola Indian Band signed revenue-sharing and partnership agreements for the Highland Valley Copper Operations. The band will receive $557,000 initially plus ongoing annual mineral tax payments, while also gaining collaborative input on mine decisions and business opportunities.
Ritchie Bros. to acquire IronPlanet to accelerate its customer centric multi‐channel diversification
Ritchie Bros. Auctioneers announced it will acquire online equipment marketplace IronPlanet for approximately US$758.5 million to create a multi-channel industrial equipment sales platform. The acquisition combines Ritchie Bros.' live auction capabilities with IronPlanet's online marketplace strength, targeting the construction, mining, energy, and other industrial sectors.
Tennis Building by Legacy Building Solutions named USTA outstanding facility
Legacy Building Solutions received recognition when the Oklahoma City Tennis Center they constructed was named a USTA Outstanding Facility Award winner in the Large Facility category. The company built a 125-foot by 300-foot fabric structure indoor tennis center with six regulation courts in less than 30 days.
TorQuest Partners acquires majority control of Polycor as part of merger
TorQuest Partners acquired majority control of Quebec-based Polycor in a merger with U.S. granite producers Swenson Granite and Rock of Ages. The combined entity will operate over 30 quarries primarily in Quebec and the U.S. Northeast, creating one of the largest natural stone companies globally with over 800 employees.
Intact Gold provides update on Blackjack Property
Intact Gold Corp. reported results from its initial field program at the Blackjack Property in Ontario, with the highest grade sample returning 15.42 g/t Au. The program verified the presence of coarse gold mineralization in known veins at this historic gold mining property near Kenora.
Canada Carbon to explore testing of thermally upgraded graphite for X-energy’s Xe-100 Reactor Series
Canada Carbon Inc. is in discussions with X-energy to supply thermally upgraded graphite for testing in nuclear fuel pebbles for the Xe-100 reactor series. X-energy received a $53 million US Department of Energy partnership to develop their high-temperature gas-cooled reactor program. Canada Carbon is preparing 12 kg of its high-purity Miller graphite for the testing program.
Agrium and PotashCorp in merger to create world-class global supplier of crop inputs
Agrium Inc. and Potash Corporation of Saskatchewan announced a merger of equals to create a world-class integrated global supplier of crop inputs with a pro forma enterprise value of US$36 billion. The combined company will have operations in 18 countries, close to 20,000 employees, and is expected to generate up to US$500 million in annual operating synergies.
Britespan announces the appointment of John MacDonald as Vice President
Britespan Building Systems Inc. appointed John MacDonald as Vice President effective September 6, 2016, to head manufacturing and operations. MacDonald brings 23 years of experience from Wescast Industries, most recently as President of North American Operations.
Federal Government invests $49 million in $104 million Mineral Exploration Research Program
Laurentian University received $49.3 million in federal funding for a $104 million, seven-year mineral exploration research program called Metal Earth. The program aims to help the mining industry reduce exploration risk and reverse declining discovery rates through advanced research at the Harquail School of Earth Sciences.
Harquail family invests $10 million to advance mineral exploration research at Laurentian University
The Harquail family donated $10 million to Laurentian University's Department of Earth Sciences to advance mineral exploration research. The donation will create research chairs, fund equipment, and support international PhD students, with the department being renamed the Harquail School of Earth Sciences in their honor.
McEwen Mining appoints new Chief Operating Officer
McEwen Mining has appointed Xavier Ochoa as Chief Operating Officer, replacing William Faust who departs September 30, 2016. Ochoa brings 25 years of operational experience including roles at Goldcorp, Glencore and Xstrata. The appointment is part of McEwen's strategy to strengthen management as they advance their gold, silver and copper assets across the Americas.
NioCorp completes five pilot plant runs as part of its Elk Creek Project feasibility study
NioCorp successfully completed five metallurgical pilot plant runs at SGS Lakefield testing its scandium, niobium, and titanium production processes for the Elk Creek Project. The pilots demonstrated continuous operation capabilities with excellent performance, including less than 1% scandium losses in solvent extraction operations. These results provide critical data to advance the project's feasibility study toward completion.
K-Line Trailers begins production of next set of Dual Powered Road Trains
K-Line Trailers has begun production on its third and fourth Dual Powered Road Trains for an international mining corporation's Canadian operation. The innovative 190-foot road trains can transport 216 metric tonnes on grades up to 10%, representing some of the highest long-distance payloads in North American mining.