Canada Mining News

New chairman set to test BHP's commitment to Jansen potash

Ken Mackenzie vowed "to bring a fresh perspective to management’s ongoing process of reviewing the portfolio" and "the way we allocate cash".

Endeavour to add 14 years to Ity mine life as it kicks off plant construction

The Ity mine, in Côte d’Ivoire, has produced more than 1.2 million ounces of gold in its over 20 years of operations.

Tanzania orders wall built around tanzanite mines, purchases of stones

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

Washington buys Dominion Diamond for $1.2bn as investors ok sale

Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.

South Africa labour disputes drag Petra Diamonds shares down

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.

Integra Resources to acquire Kinross Gold's DeLamar gold-silver project

Conditional upon the completion of the Transaction, Integra will acquire 47 mining claims totaling approximately 238 hectares that form part of the Florida Mountain claims group, which are situated in the Carson Mining District in Owyhee County, Idaho.

McEwen shares drop after $40m stock offer

McEwen announces bought deal at deep discount to ruling share price to finance purchase of Ontario gold mine.

Canadian miners increase efforts to prevent child and forced labour in the supply chain

Initiative seeks contributing to global efforts in preventing the use of child and forced labour in the mining supply chain, and to providing information needed to demonstrate the responsible sourcing of minerals and metals.

Petra Diamonds may breach debt covenants on troubles in Tanzania

The Africa-focused diamond miner said that would likely happen unless it solves its issues with the government of Tanzania.

Botswana seeks option to buy unusually big diamonds from its mines

Draft bill gives government first option to buy unusually large diamonds found in the country's mines, such as the world's second-biggest 1,109 carat diamond discovered by Lucara two years ago.

Kinross Gold to spend $1bn to expand Mauritania, Nevada mines

Projects aim at boosting output and lowering costs.

Mine acquisition grows production 'at a fair price'

BMO Capital Markets explained the mine acquisition deal in British Columbia and its likely benefits for this precious metals miner.

Greece tries making peace with Eldorado, grants final permits for Olympias

While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.

Canada does not need more oil sands pipelines, report claims

A report by the Centre for International Governance Innovation argues the global push to reduce carbon emissions over the next three decades will reduce the size of future oil markets.

Pure Gold inches closer to production at Madsen mine

The current resource base is 1.6 million ounces of gold in the indicated category and 178,000 ounces inferred.

Greece kicks off arbitration process over Eldorado Gold’s projects

Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.

Caterpillar develops proof-of-concept battery electric LHD

Prototype of battery electric LHD will be sent to a Canadian mine site.

PotashCorp mulls selling stake in Chilean lithium producer SQM — report

Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.

Greece grants permits for Eldorado after miners clash with police

The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.

Barrick named to Dow Jones Sustainability Index

The company was also included in the Dow Jones Sustainability North America Index for the 11th consecutive year.

Coeur Mining acquires Silvertip mine in Canada for $250 million

The deal grants Coeur access to Silvertip mine, high-grade silver-zinc-lead operation located in B.C., Canada.

These three major oil sands projects are almost done

All three projects are now over 95% built and transitioning into start up.

Canada's Alamos Gold buys Richmont in a deal valued at Cdn$905 million

Acquisition makes of Alamos a top-10 gold producer in North America.

Canada’s Donkin coal mine begins processing ore on site

Current coal production is being stockpiled on site, and trucked and stored up at the Provincial Energy Ventures port in Sydney, Cape Breton, for export.

Eldorado Gold to halt all operations in Greece

Citing delays in permits from the Greek government, the company said no additional investment would be made into the Olympias and Skouries projects or the Stratoni mine, which it acquired in 2012.