Canada Mining News

High grades light up Canadian lithium explorer

Eye-catching lithium discoveries don’t happen every day. When they do, little-known lithium explorers can suddenly find themselves in the investment spotlight.

Matamec provides an update to the Kipawa rare earths joint venture project

The joint venture plans to invest the remaining $2,030,000 CAD over the next year in pursuit of its 2015-2017 objectives.

Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Decision follows the West African country order to expatriates whose work permits were invalid to stop working.

Canpotex abandons plans for $775-million B.C. export terminal

The overseas marketing arm of Saskatchewan’s three largest potash producers, has abandoned its plans to build a $775-million shipping terminal at the Port of Prince Rupert in British Columbia.

Lundin Gold getting closer to developing Fruta del Norte in Ecuador

With construction expected to start in 2018, the US$669-million Fruta del Norte project could finally begin production before the end of the decade.

Fort McMurray lost oil sands production could reach $1.4 billion

Analysts say lost oilsands production from the Fort McMurray wildfire could top 30 million barrels and cost the industry upwards of $1.4-billion.

Decision on TransCanada's Energy East closer than ever as federal board begins review

The East Energy pipeline is expected to generate $55 billion in economic benefit for Canada and create over 3,300 operational jobs across the country.

Glencore to sell option in Canadian gold mine

While Falco Resources fully owns the Quebec-based Horne project, Glencore has the right to buy back the 65% stake in the mine it inherited when it bought Xstrata.

Canada’s Erdene Resource sees bright future after striking gold in Mongolia

The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

Canadian project tailors microbes to extract gold without harming environment

The new technique could help improve environmental outcomes as it uses bacteria instead of chemicals such as cyanide.

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

Cenovus bumps up caribou protection project with $32M investment

The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its early-stage work.

The Government of Guinea authorizes formation of the Diamond and Gold Bourse of Guinea (DGBG) in joint venture with Canadians

Mr. Saramady Touré, the Guinean Ambassador to Canada, has announced the signing of a government decree by President Professor Alpha Conde, President of the Republic of Guinea for the establishment of the Diamond and Gold Bourse of Guinea Group (DGBG).

Turquoise Hill soars on Rio Tinto increasing stake rumours

The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.

Canada’s oil sands production could take weeks to recover

Oil sands production in Canada could take weeks to return to previous levels following the ongoing wild fires that have been ravaging Fort McMurray.

Australia recovers lost ground, named world’s top mining investment destination

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

Cenovus shuts down oil site due to risks posed by Canada’s wildfire

About 118 staff members have been moved to nearby Wabasca by bus and helicopter as a precaution.

Gold firms gear up for growth as cost of mining the metal falls

Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.

Chinese mining companies feel misled by Canada, report says

An internal report by Ottawa's ambassador to Beijing details a raft of complaints from the China Mining Council about the unwanted surprises some mining companies encountered in Canada.

Canadian mining giant dries up water resources in Mexico

Goldcorp, through its local subsidiary Peñasquito, is being singled out as the biggest water offender in the north-central Mexican state of Zacatecas.

Goldcorp and Teck plow ahead with new $3.5bn mine in Chile

The project, renamed NuevaUnion, would be one of the largest copper-gold-molybdenum mines ever-developed in Latin America.

Commodities storming back into bull market

Most analysts believe the commodities market has turned a corner and that prices are unlikely to return to lows seen in the past year.