Canada Mining News

Alpha Natural Resources, Arch Coal near bankruptcy exit deals

Alpha, which filed for bankruptcy in August last year, is scheduled to ask a federal judge Thursday to approve its exit plan despite objections to it.

De Beers Canada moves from Toronto to Calgary

The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.

Dominion Diamond to go ahead with Ekati mine expansion

Developing the Jay pipe will help keeping the mine in production until 2033.

Gold hits fresh two-year high as UBS declares the start of new bull run

Analysts say the metal likely to reach $1,400 shortly and settle in the second half of this year, averaging $1,340 an ounce.

Barrick appoints Daniel Oh as senior vice president, investor engagement and governance

Reporting to Executive Vice President and Chief Financial Officer Catherine Raw, Mr. Oh will lead Barrick's Investor Relations team, and will serve as a central point of contact for investor engagement on governance.

Tahoe expands presence in Canada, to acquire Whitney JV from Goldcorp

As part of the miner's strategy to grow gold production in Timmins, Northern Ontario, to over 250,000 ounces per year by 2020.

Long term outlook for Canadian oil sands looks bright

In mid-June CAPP released its annual Crude Oil Forecast, Markets and Transportation study. It is actually pretty good news considering the current state of the industry because it shows continued production growth through 2030.

BHP said to be after Potash Corp again

BHP has been developing its own Canadian potash mine — the Jansen project — in Potash Corp's backyard, and has already invested about $3.8 billion on it.

Botswana’s economy needs more than diamonds to shine

The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.

Despite the hype world’s second-largest diamond ever found fails to sell

Canada's Lucara Diamond, the company that found the massive gem, said it will keep it as bids fell short of the minimum reserve price.

Kinross eyes expansions at its new gold mines in Nevada

Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.

Mining veteran takes helm for Tintina’s home stretch

He’s only been on the job as Tintina Resources CEO for two weeks, but John Shanahan brings a wealth of experience in Montana mining that spans operations and development.

BC gold miners reap Brexit rewards

A gold bull market would be good for the badly battered TSX Venture exchange, which is heavily weighted with junior miners with gold projects.

Kitchen-table deal launched Nevada gold royalty play

Mining royalties can be a fabulous business model, as demonstrated by royalty and streaming giant Franco-Nevada. The company has become a $15-billion powerhouse with claims on assets ranging from gold and base metals mines to oil and gas operations.

Gensource Potash (TSXV:GSP) – trading for pennies on the dollar – literally

The company still trades at a paltry C$14 million, leading us to believe this is one of the most undervalued companies in Canada.

World’s largest diamond found in 100 years goes under the hammer

CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.

These five coal miners spent $95 million on lobbying before going bankrupt

Report claims that Walter Energy, Patriot Coal, Alpha Natural Resources, Arch Coal and Peabody Energy also allocated more than half a billion dollars for top executives salaries in decade before going bankrupt.

Golden Predator announces $7,300,000 investment by Eric Sprott as part of larger offering

Proceeds from the financing will be applied to the Company’s 3 Aces and Brewery Creek projects and general working capital.

Geoscience BC releases comprehensive guide for BC communities on development of direct-use geothermal

Geoscience BC today released its Direct-Use Geothermal Roadmap, a comprehensive guide for communities and businesses to help them evaluate and develop local geothermal energy projects to stimulate economic development and reduce greenhouse gas emissions.

Potash price surge could lead to higher food costs for billions

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.

Canada oil sands output to grow 1 million barrels daily by 2025

The 42%-growth to 3.4 million barrels per day by 2025 will come from the expansion of existing facilities rather than new projects, IHS says.

K+S warns Q2 profit dramatically lower than a year earlier, shares collapse

The German fertilizer producer blamed weak prices, production outages and scarce sales for the poor results.

Kyrgyz authorities hand Centerra Gold final permit to keep Kumtor mine running

Kumtor mine is the country's largest private sector employer and taxpayer and Centerra’s main gold producing mine.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Gold climbs the most in eight years, while copper and oil fall.