CNW Group

Significant boost to Canada’s mining sector competitiveness

The 2018 Fall Economic Statement proposes several measures that will enhance investment competitiveness of Canada's mining and metal manufacturing sectors.

Acceleware secures investment from major oil sands producer

The Calgary-based company has invested in Acceleware's RF XL commercial pilot.

Mountain Province Diamonds results of seventh diamond sale of 2018

Total proceeds from the sale were US$26.9 million (CDN$35.3 million) from 411,317 carats at an average realized value of US$65 per carat

First Quantum Minerals announces a fatality at its Cobre Panama project

Following a fall.

Royal Canadian Mint issues first coin minted of pure Nunavut gold

A celebration of the North from the coin's design to its gold content.

RNC Minerals secures US$13m financing

RNC announced today that it has entered into a US$13 million bridge financing facility with Auramet.

Digitization can decrease production cost for oil and gas companies by 10% to 20%

Energy producers expected to do more with less while focusing on the environment.

Prospero begins drilling at Buenavista silver-gold project in Mexico

This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.

Mountain Province Diamonds joins Canadamark

The Canadamark program verifies that diamonds are natural and untreated, and mined in Canada under a regulatory regime.

Business leaders call for an Ontario natural resources strategy

Resource industries are the backbone of Ontario's economy, representing an important source of greater living standards and well-being for all.

Cobalt 27 acquires a cash flowing cobalt-nickel stream on producing Ramu nickel-cobalt mine for US$113 million (C$145 million)

The Ramu Nickel Mine is a large scale nickel-cobalt asset with total estimated reserves of 1 billion pounds of nickel and 100 million pounds of cobalt.

Ashanti Gold announces mobilization on Kossanto East in Mali

The project is a 66.41 km2 concession in the prolific Kenieba Inlier, the northwestern-most exposure of Birimian rocks in West Africa.

GoldMining to buy Yellowknife Gold Project, property

The Vancouver-based miner has inked a deal to acquire 100% of the Yellowknife Gold Project and nearby Big Sky Property, both located in the Northwest Territories, Canada.

U3O8 Corp. stakes the old La Niquelina uranium-cobalt-nickel mine

Mineralization was discovered at La Niquelina in 1944, with modest production from a small underground mine in the early 1950's.

IsoEnergy acquires Mountain Lake uranium deposit

Discovered in 1976, the property area was the subject of intense exploration during the 1970s and 1980's, when Acquitaine Company of Canada and Esso Resources Canada completed 190 drill holes totaling approximately 22,000 m on the project area.

OceanaGold announces first gold pour at the Haile Gold Mine in South Carolina

OceanaGold Corporation is pleased to announce first gold production at the Haile Gold Mine. Today, the operation poured its first gold doré bars totalling 445 ounces.

Canadian and Ontario governments invest $27.4 million in infrastructure at Laurentian

Part of $60.7 million project to include a new Research, Innovation and Engineering Building

Plant revitalizes Canadian helium resource industry with pioneering Linde Membrane/ PSA technology

This first-of-its-kind helium purification facility uses a hybrid process of Membrane and PSA (Pressure Swing Adsorption) technology and promises to revitalize the Canadian helium resource industry.

Karnalyte Resources Inc. releases updated technical report for potash and magnesium mine at Wynyard, Saskatchewan

The technical report independently confirms the size and unique composition of Karnalyte's deposit which support the project's economic viability.

Argentina to support local uranium production — report

U3O8 Corp., a Canadian-based company focused on the development of deposits of uranium and associated commodities, reports on significant developments in nuclear energy in the South American country.

Cyprium Mining finalizes rehabilitation of shaft #3 of the Potosi Silver Mine

The project, which began in February 2016, consisted in the rehabilitation and improvement of the extraction capability of shaft #3 as well as improvement of infrastructure, security and preparation of prospective mining areas at levels 2 to 4 of the mine.

Mining sector woes continue to limit economic growth in Canada's territories in 2016

Nunavut and Yukon are expected to see positive but modest growth in 2016, but the economy of the Northwest Territories (N.W.T.) will remain virtually flat this year, a report published Wednesday shows.

Kennady Diamonds announces $5M non-brokered private placement

Kennady Diamonds Inc. controls 100 percent of the Kennady North diamond project located immediately to the north, west and south of the Gahcho Kué diamond mine currently under development by De Beers and Mountain Province Diamonds.

Capstone Mining discontinues planned offering of $300 million senior notes

Due to "general market conditions".

Anglo American puts Peace River on care and maintenance

Anglo American is putting its Peace River metallurgical coal operation on care and maintenance. Operations at the Trend mine will cease at the end of 2014.