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Integra Gold Corp. launches $1,000,000 crowd-sourcing gold rush challenge
Integra Gold Corp. launched an unprecedented $1,000,000 crowd-sourcing challenge to find new gold targets at its Sigma-Lamaque property in Quebec. The company is releasing 6 terabytes of historical mining data spanning 75+ years to the public in September, including over 30,000 drill holes and 50,000 gold assays. Winners will be announced at PDAC in March.
Report says K+S $8.7B takeover bid by Potash Corp rejected
Potash Corporation of Saskatchewan's $8.7 billion takeover bid for German company K+S AG has been rejected, with K+S saying the offer is too low and undervalues their Saskatchewan Legacy potash project. The acquisition would have given PotashCorp control of about 30% of the global potash market and access to the Legacy project which is set to begin production next year.
Finning officially takes over the Kramer Cat® dealership in Saskatchewan
Finning International Inc. completed its $230 million acquisition of Kramer Cat dealership in Saskatchewan on July 1, 2015, expanding Finning's Western Canadian operations and adding 475 employees across seven locations. The acquisition provides Finning with access to Saskatchewan's potash and uranium sectors while maintaining Kramer's 70-year legacy of equipment service in the province.
Britespan Building Systems Inc. honoured as Industry Supplier of the Year
Britespan Building Systems Inc. was honored as Industry Supplier of the Year at the 2015 Canada Oil & Gas Awards ceremony in Calgary. The company was recognized for providing innovative, modular building solutions to the oil and gas sector with superior customer service and corporate social responsibility initiatives.
Skeena receives three-year exploration permit and mobilizes drills to Spectrum Gold Project
Skeena Resources has received a three-year drilling permit and is mobilizing two drills to its Spectrum high-grade gold project in northwestern BC's Golden Triangle. The company plans 10,000-12,000 meters of drilling in 50-60 holes starting July 2, aiming to expand the historic resource of 243,600 ounces at 12.3 g/t gold. A new 43-101 resource estimate is planned for fall 2015.
Teck could raise $1B from silver stream sales to Silver Wheaton, TD says
Teck Resources is reportedly considering selling approximately 75% of its silver production from three major mines to Silver Wheaton for around $1 billion. The potential deal would involve silver streams from the Antamina, Red Dog and Highland Valley mines, helping Teck raise capital for copper acquisitions while providing Silver Wheaton with immediate growth of 6.2 million ounces of annual silver production.
Hatch Appoints John Baird as Global Strategic Advisor
Hatch, a major Canadian engineering and consulting firm, has appointed former Foreign Affairs Minister John Baird as Global Strategic Advisor to strengthen the company's international expansion in mining, energy, and infrastructure sectors. The appointment leverages Baird's diplomatic experience to advance Hatch's business in global markets.
Mine 2015: PWC’s 12th annual review - top trends in the global mining industry
PWC's annual Mine 2015 report reviews a challenging year for the Top 40 mining companies, which lost $156 billion in market value amid prolonged commodity price downturns. Companies focused on cost reduction and capital spending cuts, while M&A activity slowed dramatically compared to the 2011 commodity price peaks.
BluMetric wins $3.2 million Vale environmental engineering contract
BluMetric Environmental was awarded a $3.2 million environmental engineering contract by Vale Canada Limited, with potential for five-year duration and future growth. The contract involves hydrology, hydrogeology, and groundwater management services for Vale's facilities.
Canpotex selects National Steel Car to manufacture 700 railcars for potash shipments
Canpotex has selected National Steel Car to manufacture 700 new potash railcars in a $70 million investment that will provide employment for over 400 people for seven months. The custom-designed railcars will transport Saskatchewan potash to coastal ports, continuing a 20-year partnership that has produced over 7,000 railcars since 1999.
Celebrated author injects some balance into the debate about energy, the environment and the economy
Author Alex Epstein is conducting a Canadian book tour for 'The Moral Case for Fossil Fuels' with events in Ottawa, Toronto, and Montreal in June 2015. The tour, organized in partnership with eco-pragmatist.com and the Macdonald-Laurier Institute, aims to provide a balanced perspective on fossil fuel use and climate debate.
Teck among final bidders for $2B Chilean copper mine
Barrick Gold Corp. is seeking a buyer for a 50% stake in its Zaldivar copper mine in Chile, with the asset potentially valued at over $2 billion. BHP Billiton and Teck Resources are among the final bidders, with some parties interested in acquiring the entire mine and a decision expected in July.
B.C. Mine Rescue teams battle for top spot in Smithers
British Columbia held its 60th annual Mine Rescue and First Aid Competition in Smithers, with teams from Huckleberry Mines, Highland Valley Copper, and Elkview Mine taking top honors across various categories. The competition tests emergency response capabilities and maintains BC's world-class mining safety standards, with over 30,000 people employed in the province's mining sector in 2014.
New Nadina Explorations wins land issue appeal
New Nadina Explorations won a Court of Appeal case that allows the company to continue exploration work on its Silver Queen property in BC. The court rejected arguments from landowners who were trying to block access to land where New Nadina discovered a copper-molybdenum-gold porphyry system in 2011.
Northern Shield Identifies Extensive Cu Mineralization From Sampling at its Huckleberry Project
Northern Shield Resources reported high-grade copper mineralization from reconnaissance sampling at its Huckleberry project in Quebec, with results up to 10.6% Cu and 16.9 g/t Pt+Pd+Au. The company identified four distinct mineralized zones across a 950-meter strike length, with the lower glomeroporphyritic gabbro zone showing the strongest results. The discovery is significant as it suggests a large-scale magmatic copper system with valuable platinum group element credits.
Mt Polley could re-open by the end of June - 370 to return to work
BC's mines minister predicts the Mount Polley gold-copper mine could reopen by end of June, bringing 370 workers back after being closed since August due to a tailings dam collapse. Imperial Metals has spent nearly $70 million on cleanup and is awaiting final permit approval from the province.
BC put $5 million into Geoscience BC for informed land-use decisions & mineral & energy exploration
The BC government announced $5 million in funding for Geoscience BC to support mineral and energy exploration investment and informed land-use decisions. This brings total provincial funding to over $30 million since 2005. The funding will support ongoing projects including TREK in the Interior Plateau and the Peace Project water resource management initiative in northeast BC's natural gas region.
Report by Philip Cross: Resources are more important to Canada than you think
A new Macdonald-Laurier Institute report by Philip Cross finds that natural resources contributed $260 billion (16.6% of GDP) to Canada's economy in 2010, with each dollar of resource output generating $2.32 in economy-wide GDP. The analysis shows resources accounted for 61% of all business investment in plant and equipment in 2013.
Surrey’s Sonic Drill Corp wins technology development award
Ray Roussy, president of Surrey-based Sonic Drill Corporation, received a technology development award from the International Mining Technology Hall of Fame for his work developing and commercializing sonic drilling technology. The recognition comes after nearly four decades of R&D and represents significant advancement in mineral exploration drilling capabilities.
Cameco’s Cigar Lake uranium project now in commercial operation
Cameco announced that its Cigar Lake uranium mine in northern Saskatchewan has achieved commercial production as of May 1, after overcoming significant technical challenges. The operation is expected to produce 6-8 million pounds of uranium oxide this year, ramping up to full production of 18 million pounds annually by 2018.
Teck announces temporary shutdowns of Elk Valley Mines—staggered over summer
Teck Resources announced temporary three-week shutdowns at its six Canadian steelmaking coal operations during Q3 2015 to align production with weak market conditions. The shutdowns will reduce quarterly production by 1.5 million tonnes (22%) to 5.7 Mt, while the company maintains its cost reduction focus and contractual commitments.
WD makes $715K investment for responsible resource development
Western Economic Diversification Canada announced a $715,000 investment in Genome BC to advance genomics technologies for responsible resource development. The funding will help Western Canadian natural resource companies develop new genomics-based products and services to improve competitiveness and access international markets.
Murray Edwards’ Edco Capital loans Imperial Metals $30 million
Imperial Metals secured a $30 million unsecured loan from Edco Capital (owned by Murray Edwards) at 12% annual interest to support Red Chris mine production ramp-up. The company also approved an $80 million rights offering to repay the loan and fund Red Chris operations plus Mount Polley mine restart.
TSM Award winner for community engagement announced
Vale's Manitoba Operations won the 2015 TSM Community Engagement Award for leading the Thompson Economic Diversification Working Group. The company invested over $2 million and 20,000 hours in a collaborative process with multiple stakeholders to develop economic diversification plans for the region ahead of operational changes in 2015.