BHP Billiton’s diamond production suffered a double-digit d rop in the fiscal year, the miner reported on Wednesday. The company mined 2,506,000 carats, an 18% year-over-year drop.
Canada Mining News
New Brunswick Business Journal reported that research funding for mining projects in New Brunswick has doubled over the past decade. Says the journal: Northcliff Resources Ltd. is drilling samples for metallurgical feasibility test on its Sisson property, about an hour outside of Fredericton, to determine the scope of the tungsten and molybdenum deposit there, which has shown early promise.
Thunder Bay-based Zenyatta Ventures has ended its dispute with Constance Lake First Nation after the leadership of the 1,470-strong community decided to no longer pursue a motion of injunction against the junior explorer in exchange for better co-operation and preferential job opportunities. Zenyatta can now advance its Albany project south of the so-called Ring of Fire in the James Bay lowlands where it is exploring for nickel and platinum group metals with a purported value in excess of $1 billion.
Lake Shore Gold Corp. (TSX:LSG) cut its full year production guidance Tuesday after realizing there is more lower-grade ore at a northern Ontario mine than it previously thought. "We recognize that maybe we set ourselves up to work quicker than
Strong metal and oil stocks lift the TSX Composite Index Tuesday as the loonie rallies on expectations of eventual rate hike.
Connacher Oil and Gas Limited announced Monday that it has initiated the injection of solvent with steam on two of seven horizontal steam-assisted gravity drainage well pairs on one of three wellpads at the company's bbl/d Algar bitumen production operation at Great Divide in Alberta's oil sands. This pilot project is designed to measure the increase in bitumen production due to the downhole reduction of bitumen viscosity, through the interaction of the solvent and bitumen at the steam oil interface and the amount of solvent recovered after it is injected.
Alberta should establish an independent agency to monitor the environmental impact and pollution from oil sands development, an independent panel told the provincial government in a report released Tuesday. The Alberta Environmental Monitoring Panel was formed in January under pressure from environment groups when questions emerged over the quality and comprehensiveness of environmental reporting on the oil sands. Canada's oil sands also come under fire recently when it was revealed that the federal government deliberately excluded data indicating a 20% increase in pollution in a climate change report to the UN.
Oilsands Quest stock was trading down around 15% in early afternoon trade on Tuesday after the company announced it was hoping to raise $60 million in a rights offer to advance its flagship Axe Lake oil sands project in Saskatchewan. The company is offering existing shareholders 300 million rights at a 40% discount to the share price last Friday, a day on which Oilsands Quest rocketed more 61% on 10-times usual volumes after Saskatchewan converted its Axe Lake permits to 15-year leases. The company has been forced to raise money and go it alone after a fruitless 11-month quest to find a strategic partner.
Canyon Copper Corp commences trading today as tier one company on TSX Venture Exchange with symbol CNC
Canyon Copper Corp. (the "Company") (TSX-V: CNC) (OTCBB:CNYC) is pleased to announce that following completion of its brokered private placement financing (see News Release dated July 15, 2011) the Company's shares of common stock have been accepted for trading at the opening Monday, July 18, 2011 under the symbol "CNC" on the TSX Venture Exchange.
Canada Zinc Metals Corp. (CZX - TSX Venture), is pleased to provide an update on exploration activities on its 100% owned Akie property, which hosts the Cardiac Creek SEDEX Zn-Pb-Ag deposit. The property is located approximately 260 kilometers
BIV reports: One of the province’s largest coal producers says it remains focused on its businesses in B.C., despite the fact that its CEO tendered his resignation three months after landing the job.
Holders of precious metals may do well if the debt negotiations fail or succeed, but industrial metals could falter if the U.S. doesn't raise its debt limit.
Golden Predator investigates gold recovery from existing heap leach pad at Brewery Creek Project, Yukon
Golden Predator Corp. (TSX:GPD) has commenced sonic drilling into the existing heap leach pad at its Brewery Creek Project. This drill program is in addition to the company's aggressive ongoing exploration program at Brewery Creek, which is delineating the recently discovered Bohemian-Schooner Zone as well as exploring other high priority targets across the expansive Brewery Creek Project area.
BANGALORE (Reuters) - Toronto's resource heavy main stock index looked set to open lower on Monday, as investors fled riskier assets on a confluence of debt concerns on both sides of the Atlantic, pushing safe-haven gold rose to a fresh high. FACTORS TO
Grizzly provides update on Alberta Potash Project – commences seismic data acquisition and interpretation
Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H) provides the following update for its Alberta Potash Project:
BC Conservatives Leader John Cummins visited 100 Mile House recently, and had a lot to say about the Prosperity Mine in the Chilcotin. The issues with the proposed gold and copper mine project need to be addressed, he explained. The Prosperity Mine environmental assessment received approval from the B.C. Liberal government, but was later given the thumbs down by the federal Conservative government.
Forbes Coal, the Canadian bituminous coal and anthracite producer which plans to list on the JSE later this month, wants to triple production at its two projects in Dundee, KwaZulu-Natal, to take advantage of booming demand.
Crosshair Exploration & Mining Corp. (CXX – TSX, CXZ – NYSE – Amex) said this week that drilling has commenced at both the CMB Uranium/Vanadium Project and the CMB Joint Venture ("CMB JV") Uranium Project […]
Shore Gold announced on Friday the results of a feasibility study done on the Fort a la Corne site near Prince Albert. George Read, senior vice-president of exploration and development, says the results show that a world class diamond mine is feasible in central Saskatchewan.
China announced this week that it was nearly doubling its rare earths export quota for the next six months compared to last year. But the Chinese government was promptly criticized by overseas officials who say […]
Forest fires near Goldcorp's Musselwhite mine in north-west Ontario could result in a one- to two- week production halt for the mine, but it is still to early to say for certain, a company spokesperson said on Friday.
Silver Spruce Reports Start of Field Work Including Planned Diamond Drilling-CMBJV-Central Mineral Belt, Labrador
Silver Spruce Resources Inc. (TSX VENTURE: SSE)(FRANKFURT: S6Q) is pleased to announce that fieldwork, to include diamond drilling, has begun at the CMB Joint Venture ("CMB JV") uranium project located in the Central Mineral Belt of Labrador.
Shares in the platinum and precious metals mining company rose as much as 6.4% at the start of the session to an intraday high of $4.98 before the broad market soured during Fed Chairman Bernanke’s second day of testimony on Capitol Hill.
An iron ore project in northeastern Canada whose proponent is calling "the next Consolidated Thompson," has taken an important step forward. Alderon Iron Ore Corp. (TSE:ADV) has begun filing material to start the federal and provincial environmental assessment process. The application would allow Alderon to double future annual production at its Kami Project in Quebec-Labrador to 16 million tonnes of iron ore concentrate annually.
Goldcorp Inc. (TSX:G) has removed most of its 380 employees from the Musselwhite mine in northwestern Ontario due to forest fires in the area.