Canada Mining News

Osisko Gold Royalties tracks gold

I am firmly on record as saying we started a new gold and silver bull market, actually an all commodities bull market, last winter.

Gensource Potash, Essel Group to jointly develop small potash mine in Saskatchewan

The agreement is EGME's second significant investment in the potash industry. In 2015, it acquired the exploration license for the Bada mine in Eritrea.

CHARTS: Gold miners to hike investment in 2017

Project funding would be main priority, says Moody’s.

Oil comes back to life in Canada

Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors (CAODC) is forecasting a year-over-year increase in the number of wells drilled in Canada.

China risks wasting $490 billion on unneeded coal plants — study

Slowing power demand growth and low carbon capacity targets in China's latest five-year plan are found to be squeezing coal generation out of the power mix.

Northern Canadian diamond miner ready for new exploration

Undeterred by transportation challenges at its northern Canadian diamond property, Peregrine Diamonds is about to open its wallet for the next phase of exploration.

Alberta inks $1.36bn deal with three firms to shut down coal plants

Payments will be done over the next 14 years to compensate the firm for shutting down their plants earlier than originally planned.

Finland to ban coal use for energy by 2030

Coal use has been steadily falling in the European nation since 2011 and it currently generates barely 8% of its power needs.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

B.C. First Nations, government ink multi-million dollar Coastal GasLink deal

The new new agreement on the Coastal GasLink natural gas pipeline project will help ensure that the Saulteau community can participate in and benefit from B.C.'s LNG opportunity.

Barrick Gold, IAMGOLD, Gold Fields, Avalon, and Antofagasta recognized for their leadership in renewables at Energy and Mines Renewables and Mining Awards

Mining companies were awarded and celebrated last night for their investments in renewable energy at a glittering awards gala and dinner in Toronto.

Potash Corp cuts production, lays off 140 from Cory mine

The company also said it expects layoffs resulting from temporary production halts at its Lanigan and Allan mines in early 2017.

Oil consumption outlook fuels further pipeline debate

Fossil-fuel-free future far off as world demand to increase, says the International Energy Agency.

Carbon tax won't affect oil sands development if crude rises above $60 — report

That's the estimated minimum price oil sands companies need to go ahead with their projects, and if it's reached then the extra cost of a carbon tax likely won't sway a decision.

Canadian rare earths mine to transport ore using airships 

The unique hybrid airships will shuttle between Quest’s Strange Lake open pit mine in Northern Québec and Schefferville.

Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.

Polemic around Canadian firm’s gold project in Ireland heats up

Locals oppose to the Dalradian Resources' plans to build a processing plant at its Curraghinalt project, which will use cyanide to extract gold.

VanadiumCorp joins Energy Storage Canada

VanadiumCorp Resource Inc. is pleased to announce it has joined Energy Storage Canada. The ESC is the only energy storage industry association in Canada. There is the opportunity, in Canada, to become world leaders in developing energy storage technologies.

Eldorado Gold officially out of China

Company has finished selling its stakes in the White Mountain and Tanjianshan mines, as well as in the Eastern Dragon development project to an affiliate of China’s Yintai Resources.

Shell Canada boss says stay the course on carbon pricing as Quest CCS project exceeds expectations

Royal Dutch Shell, a long-time advocate of pricing carbon, says the strategy needs to be maintained regardless of what happens south of the border.

Barrick on track to meet 2016 debt reduction target — Haywood

The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.

IC Potash moves forward with Ochoa project development

IC Potash Corp. is pleased to report today that it has agreed to accept US$2.5 million under the proposed amendment in the strategic investment commitment by Cartesian Capital Group, LLC of up to US$45 million, as previously announced.

$1.2-trillion ‘Wolfcamp' discovery means Canada's oilsands should fear Texas

The oilsands suddenly have a real reason to fear Texas.

Canada to fully phase out coal power by 2030

Gov’t will work with the four provinces that still burn coal to reach the goal of making sure 90% of Canada's electricity comes from sustainable sources by 2010.

Canadian Gov't grants key licence for world’s largest gold project

The 25-year permit for Seabridge’s KSM is key for the construction, operation and maintenance of a water storage facility.