Suncor Energy Inc. reported Monday that it successfully completed planned maintenance work on one of its two oil sands upgraders (U2) at its oil sands operations near Fort McMurray safely and on schedule. Oil sands […]
Canada Mining News
When most people think of resource nationalism they tend to think of a country, usually in an unstable part of the world, deciding it wants a bigger role in its resources sector and taking it. That is however, an outdated view. That is not to say that outright expropriation doesn't happen but, far more interesting is the type of resource nationalism that has sprung up not just in Africa and South America recently, but in places such as Australia, Nevada and Canada.
The Montreal Gazette reports: About two dozen non-unionized workers have walked off the job in a remote mining camp in northern Ontario — in an area known as the Ring of Fire — in protest of what they call unsafe conditions and unsatisfactory compensation. The workers put out a statement late Sunday saying they had stopped working over the weekend.
President and CEO Claude Mongeau says CN's Alberta short-line rail acquisitions, upgrades total C$400 million: Rail investments key to economic growth in oil sands and other natural resource regions of northern Alberta
Claude Mongeau, president and chief executive officer of Canadian National Railway Company, said today the company will have invested almost $400-million to buy and rehabilitate four short-line railways serving resource-rich regions of Northern Alberta by year-end 2011.
Suncor Energy's Firebag project since the first quarter of this year. Including the new agreement with Canadian oil sands developer MEG Energy, the added backlog for Flint's facility infrastructure segment is about C$300 million.
Pitchstone Exploration Ltd. ("Pitchstone") has finalized plans for summer exploration activities in the eastern Athabasca Basin, Saskatchewan. Work will include 2,250 meters of diamond drilling at Gumboot and Johnston Lake, plus 2,000 meters of diamond drilling at Wolverine. Additionally, Pitchstone has recently staked three new claims in the eastern Athabasca Basin.
Lateegra Gold Corp. announces filing of technical report and commencement of its 2011 drill program on its Desantis project, Ontario
Lateegra Gold announced the commencement of exploration drilling on its DeSantis Project, located near Timmins, Ontario, as well as filing of a technical report on the property. A diamond drilling program of approximately 8,000 metres in 18 holes is planned as the 2011 drill program for the project, contingent on exploration results. The 2011 drill campaign will follow-up on 2010 drill results and test other geological models for gold mineralization on the property.
Alderon Resource Corp. (TSX VENTURE:ADV)(OTCQX:ALDFF) ("Alderon") is pleased to announce final assay results from the 2011 winter program on the 100% owned Kamistiatusset ("Kami") Iron Ore Project in western Labrador.
First Point Announces Cliffs to Assume Management of 2011 Exploration Program on the Decar Nickel-Iron Alloy Project
First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) ("Cliffs"), has assumed management of, and is starting the 2011 exploration program on the Decar nickel project in central British Columbia. Cliffs has hired Caracle Creek International Consulting (CCIC), a professional geological, geophysical and engineering services consulting company, to supervise the 2011 exploration program at Decar.
Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is pleased to announce it has entered into a long term land use agreement (the "Land Use Agreement") with a large camp provider (the "Camp Provider") to transfer a 42 acre parcel of developed land out of the depleted portion of Athabasca's current miscellaneous lease at Poplar Creek to the Camp Provider.
Empire Mining Receives Additional Assays Confirming Continuity of Significant Copper-Gold Skarn Mineralization at Bursa-Demirtepe and Intersects Significant Molybdenum Grades
Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to announce additional assay results for drill holes DTH-009, DTH-010, and DTH-018 at the Demirtepe target area of the Bursa copper-gold-silver-molybdenum project located in Turkey. All three holes intersected significant shallow copper-gold-silver skarn mineralization and holes DTH-9 and DTH-18 also intersected significant molybdenum grades. The drilling has extended the mineralization to the south and to the west, thereby confirming the continuity of the mineralization in the Main Zone along a corridor 270 meters long and up to 100 meters wide.
After three days without power, Alexco Resources (TSX: AXR) said that electricity is once again flowing and that it had re-started the mill at its Bellekeno silver-lead-zinc mine in the Yukon. Mid this week Alexco had reported there were three downed power poles along a remote section of the main transmission line upon which it depends. While Alexco had back-up generators to keep key safety and environmental systems going, it was forced to shut its mills down.
Bearing Resources announced that the Company has entered into an option agreement with Eastfield Resources Ltd. ("Eastfield") to earn up to a 65% interest in the 12,113 hectare Zymo copper-gold project ("Zymo"), located 45 kilometres west of the town of Smithers, British Columbia. Exploration work carried out to date at Zymo, including surface sampling, geophysical testing and core drilling has identified a large copper-gold porphyry system. Four distinct porphyry targets have been identified over an open ended nine kilometre by three kilometre area defined by a coincident copper in soil and induced polarization ("IP") chargeability anomaly.
Lake Shore Gold reports wide, high-grade intercepts from near-surface drilling at Vogel, files NI 43-101
Lake Shore Gold Corp. (TSX:LSG) today announced the results of 39 additional holes (5,335 m) from drilling at the company's Vogel property, including several wide, high-grade intersections near surface, as well as the filing of a NI 43-101 report supporting the initial resource estimate for Vogel, first disclosed in a press release dated May 2, 2011. The Vogel property is included within the company's Bell Creek Complex, a large land position covering approximately 32 square kilometres east of Timmins, which also includes the Bell Creek property, Marlhill, Schumacher, Wetmore and other prospective properties. Vogel is located approximately 2 kilometres east of the Bell Creek Mine and Mill.
Lumina Copper and Lumina Royalty announced that they have closed their previously announced arrangement. Under the terms of a statutory plan of arrangement which received shareholder approval on June 7, 2011 (the "Plan of Arrangement"), the shareholders of Lumina Copper (the "Shareholders") each received, as a distribution in respect of a reduction of capital, one common share of Lumina Royalty for each common share of Lumina Copper
The Canadian Association of Petroleum Producers (CAPP) expects that oil sands growth, coupled with new production from existing conventional oil reserves, will drive Canadian crude oil production to about 4.7 million barrels of oil per day by 2025
EnerVest Energy and Oil Sands Total Return Trust (the "Fund") (TSX:EOS.UN) announces the June 2011 distribution of $0.0417 per unit. The record date for this distribution is June 30, 2011 and the payment date will be July 15, 2011. The ex-distribution date for this payment is June 28, 2011. The Fund is listed on the TSX under the symbol EOS.UN and is an actively managed, diversified closed-end trust investing in developers and miners of the oil sands industry as well as businesses that are indirectly involved with the oil sands industry through the provision of supplies and services.
U.S. regulators should examine whether crude from Canadian oil sands corrodes pipelines and makes them more vulnerable to accidents, lawmakers said at a hearing on pipeline safety on Thursday.
After talks began last September and no other offers materialized, Canadian zinc miner Breakwater Resources (TSX: BWR) announced early Wednesday that it had accepted Belgium based metals producer Nyrstar NV C$7 per share all-cash offer. Nyrstar will pay around C$619 million for Breakwater; an offer Breakwater CEO David Petroff called "an attractive and fair premium to the current share price," thanks to a 44% premium.
We will continue to drive shareholder value through operational efficiency as we move into future phases of our oil sands business in Canada.” First oil at LDP was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800
It's been a long time coming for some of Canada Fluorspar's (TSX-V: CFI) founding investors, but persistence appears to have paid-off. Arkema and Canada Fluorspar announced they signed a definitive agreement worth $84 million to fully fund and give a past-producing fluorspar mine in Newfoundland, Canada, a second life. Since Alcan closed up shop at the Blue Beach-Tarefare fluorspar mine just outside the town of St. Lawrence in 1978, various operators have taken a crack at bringing operations back online to produce acidspar, which is used for a variety of industrial purposes such as in hydrofluoric acid production.
Canada, has achieved a production milestone of one million accumulated barrels of oil. First oil at the Leismer oil sands project was achieved in January 2011 and is expected to ramp up to its rated capacity of 18,800 barrels per day within 24 months.
Protection Agency has expressed "significant" new fears about the safety of Calgary-based TransCanada Corp.'s proposed Keystone XL oilsands pipeline, criticizing decision makers in the Obama administration for conducting a flawed study of the project's
When the Canadian Energy Research Institute (CERI) released its sixth-annual oilsands update in May, it highlighted the bright investment future of the industry.
In a must-see clip for anyone who both has an interest in US energy policy and watches or plays ice hockey, The Daily Show with Jon Stewart last week humorously pointed out the lack of geopolitical risks that come from US dependence on Canadian oil imports.