Canada Mining News

The Drivers of Innovation in the Mining Sector

At the height of the downturn in 2014 depressed commodity prices threatened corporate profits, impelled mine closures, put shareholder returns in peril and undermined capital budgets. This combined with decreasing ore grades, deeper deposits and […]

Do we really want Canada's energy sector to come back – ever?

The energy sector accounts for a significant part of Canada’s prosperity. The industry is the single largest private sector investor, employing more than 425,000 people.

Caterpillar earnings beat estimates, shares hit five-year high

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Mosaic joins chorus calling BHP’s Jansen potash mine plan unwise

Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.

Acacia Mining now hit with $190 billion tax bill in Tanzania

Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.

Forest fires force temporary closure of two BC mines

A hot and dry summer in British Columbia has set forests aflame, and last week the effects of Mother Nature were felt by two prominent BC mines.

Junior shakeup in the White Gold District

The White Gold District in the Canadian Yukon territory is continuing to see movement, this time among junior gold explorers hoping to grab a piece of the action.

Tanzania officials question Acacia Mining staff in legal spat with Gov’t

Early reports claimed that Tanzania had asked foreign workers of the gold miner to leave the country, but a spokesperson for the company denied that story.

Once rejected Nunavut gold project gets OK from board

If Canada's Minister of Indigenous and Northern Affairs, Carolyn Bennett, accepts the review board's decision, a project certificate could be issued before year-end.

Acquisition of Canadian gold company contributes to pressure on stock

In resuming coverage of Eldorado Gold following the acquisition of Integra Gold and its Lamaque property, BMO Capital Markets analyst Andrew Kaip looked at the impact of the move, as well as at other factors pressuring Eldorado stock.

Nevada and Canada miner reports Q2 production up 94%

Klondex Mines Ltd. released its second quarter operating results on July 18, reporting record production and sales.

Centerra gets some breathing room in dispute with Kyrgyz Republic

The arbitrator has sided with miner, allowing it to move forward with the case against the Central Asian country.

Activist investor Elliott calls BHP potash plans ‘disastrous’

Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.

British Columbia Ajax copper-gold mine rejected on doorstep

Kamloops city council has voted to oppose the proposed Ajax mine — again.

Canada a ‘late entrant’ to global liquefied natural gas market, says new NEB report

The next several years will be critical to the development of the Canadian LNG industry.

The countries suffering most from low oil prices

Low oil prices are still causing big problems for many countries

Leagold Q2 production news

Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.

New project results provide expert knowledge about Kootenay-Boundary mineral potential

New paper interprets low-angle faulting near the world-class Sullivan zinc, lead and silver deposit.

Glencore mulls spinning off mining royalties into new company

The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.

World's second-largest diamond 'too big' to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Washington Companies buys Dominion Diamond for $1.2 billion

The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.

BHP to speed up Jansen development as potash demand to double by 2040

The world's largest miner believes potash will be a $50 billion market by the late 2040s.

Goldcorp ruffles First Nations over Coffee assessment

Company reduced waste rock dumps in response to concerns over water quality

Bloom Lake Mine gets US$180M loan

The cash keeps pouring in to Champion Iron (TSX:CIA) and its subsidiary, Quebec Iron Ore (QIO).

Acacia agrees to pay higher taxes set in Tanzania new mining law

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.