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.
Canada Mining News
The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.
Developing the Jay pipe will help keeping the mine in production until 2033.
Analysts say the metal likely to reach $1,400 shortly and settle in the second half of this year, averaging $1,340 an ounce.
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.
As part of the miner's strategy to grow gold production in Timmins, Northern Ontario, to over 250,000 ounces per year by 2020.
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 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.
The history of the diamond industry in Africa has been fraught with worker exploitation, environmental destruction, government corruption and squandering of revenues.
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, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.
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.
A gold bull market would be good for the badly battered TSX Venture exchange, which is heavily weighted with junior miners with gold projects.
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.
The company still trades at a paltry C$14 million, leading us to believe this is one of the most undervalued companies in Canada.
CEO of Lucara Diamond, the company that found it, is urging the potential buyer to leave it untouched.
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.
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.
We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.
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.
The German fertilizer producer blamed weak prices, production outages and scarce sales for the poor results.
Kumtor mine is the country's largest private sector employer and taxpayer and Centerra’s main gold producing mine.
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.
Gold climbs the most in eight years, while copper and oil fall.