Canada Mining News

Barrick braces for up to $3 billion in writedowns

The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.

Canada's Nevsun defends itself against abuse allegations in Eritrea

Should foreigners who allege human rights abuses against a Canadian company operating in a foreign land have their case heard in a Canadian court?

CHART OF THE DAY: 1,200 days of pain and counting on the TSX Venture

Biggest loss in the past 25 years.

CanAlaska adds to excellent uranium targets

CanAlaska is buying back MC Resources Ltd. (Mitsubishi)’s 50% interest in the West McArthur project for $600,000 and a 1% royalty to MC.

Tata Steel scales down iron ore mining at Canada facility

The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.

Greek court annuls Govt. decision to revoke Eldorado Gold licence

The ruling comes only a few days after the Canadian miner decided to halt work at its mine in northern Greece, putting 600 jobs in the line.

De Beers lowers diamond prices to boost sales

In a fresh attempt to counter weakening demand, the diamond giant is said to have cut prices by as much as 7% at the Jan. 18 sale.

Gold recovers some shine as global markets collapse

Gold has become this year the best-performing non-agricultural commodity.

Canada Revenue Agency goes after Silver Wheaton again

Last year, the CRA slapped the company with a fine and ordered the miner to pay more than $200 million in back taxes, but the firm objected the decision.

Shrinking land base for mineral exploration in B.C. risks industry

New report prepared by environmental consultant firm, Hemmera highlights restrictive regulations, lack of clarity in land access and use policies.

PotashCorp mothballs Picadilly mine, leaves more than 420 jobless

The indefinite suspension of the Picadilly mine, in Canada's New Brunswick, is expected to cut the company's capital costs by $50 million in 2016 and $135 million over the next two years.

INFOGRAPHIC: Visualizing the flow of oil around the world

Every day, 93 million barrels of oil are consumed by the world economy.

Trans Mountain pipeline battle set for NEB hearing today

Brace yourselves Canadians, the pipeline drama is about to heat up again.

Canada’s Evrim acquires Cerro Cascaron gold property in Mexico

The property is located some 70 kilometres southeast of Goldcorp Inc.’s past-producing El Sauzal gold mine.

Suncor changes strategy to acquire Canadian Oil Sands with $6.6bn friendly deal

After months of hostile rhetoric, the two Calgary-based companies have reached a takeover agreement.

Greek gold miners prepare to fight Syriza

Move comes as Canada's Eldorado, Europe's largest potential gold producer, announced massive job cuts as a result of government bureaucracy.

Nautilus to test seafloor mining production equipment

The Canadian deep sea miner has signed agreements with United Engineering Services LLC to provide support services associated with wet testing the company’s production and storing equipments.

US sets moratorium on new federal coal leases

The freeze on new leases for coal mined from federal lands is part of a sweeping review of the federal coal plan.

Dominion Diamond chairman steps down, replaced by De Beers veteran

Robert Gannicott's replacement as chairman will be Jim Gowans, a former DeBeers Canada CEO and most recently the co-president of Barrick Gold,.

Russian Supreme Court denies Stans appeal

These rulings set aside the award of the International Arbitration Court at the Moscow Chamber of Commerce and Industry dated June 30, 2014 (the “MCCI Award”) through which Stans was awarded US$118,000,000 in damages.

Mining companies need to prepare for the upturn

When the sector comes back, shareholders will expect their returns.

Fresh setback for Gabriel Resources in Romania, Rosia Montana named historic site

The decision grants Rosia Montana protection from industrial activities, including mining.

Tahoe reports record 2015 gold and silver production

Tahoe Resources Inc. (TSX, BVL: THO, NYSE: TAHO) is pleased to announce mine production results for 2015 and to provide production and cost guidance for 2016.

Ecuador, Lundin Gold reach agreement to develop Fruta del Norte

Lundin will pay Ecuador an advance royalty of $65 million. In exchange, the miner won’t be charged a windfall tax until it recovers its development investment.

Evok Innovations announces $100M cleantech fund for energy industry challenges

Cenovus and Suncor fund cleantech entrepreneurs to accelerate environmental and economic solutions