It’s unknown whether the two workers are alive, as authorities have been unable to make contact with them.
Canada Mining News
SolGold soars after raising more than $41 million via share placing
The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.
Argentina lifts curbs on cyanide use at Barrick's Veladero mine
While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.
BHP Billiton announces new Chairman
The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser
Crystallex moves forward in legal dispute with Venezuela
A court in the District of Columbia is allowing Canadian Crystallex the possibility of advancing in a legal dispute against Venezuela
Northern College and Richmont Mines hold graduation for mining program
Northern College was pleased to celebrate with students who graduated from the Underground Hard Rock Miner Common Core program today at the Royal Canadian Legion in Wawa.
Chilean mining minister responds to criticism over miners’ rescue
Two miners have been trapped for six days at the Delia mine, part of Canadian Mandalay Resources' Cerro Bayo complex
Oil prices set to rebound
The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.
Argentina passes mining act expected to create 125,000 new jobs
Agreement is part of plan to double investment in the sector to $25bn in eight years.
Tanzania says Barrick to pay money owed by Acacia to Gov’t
Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.
U.S. company signs collective agreement to restart Wabush Mines
Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union.
Oil sands projects growth to drive need for more pipelines — CAPP
Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.
Trump has been good news for miners — Callinex CEO
Trump’s measures to revitalize the mining industry are steps on the right direction, and they will benefit not just the US, but also Canada, said Max Porterfield.
Tanzania accuses Acacia of illegal mining in fresh blow to Barrick’s subsidiary
Government accused the gold miner of operating illegally in the country and said it has been evading taxes.
K+S Bethune mine in Canada churns out first tonnes of potash
The mine, which began operations last month, is expected to produce 600,000 to 700,000 tonnes of potash this year and 2 million tonnes per year once at full capacity.
Taseko in court to appeal defamation win by enviro-group
Taseko Mines (TSX:TKO), the company behind a large copper-gold project in north-central British Columbia, was back in court last week to appeal a 2016 decision that went against it.
Two workers trapped at Mandalay’s Cerro Bayo mine in Chile after flooding
Operations at the silver-gold mine have been suspended until further notice.
Greece to take Eldorado Gold to arbitration court over project
Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.
Barrick Gold buys Nevada mining project from former partner
The Robertson Property located about 96km (60 miles) south of Elko, Lander County, Nevada.
Vault building booms as gold lures investors in turbulent world
Pickup in inflation across Europe increases demand for storage
Seabridge Gold completes acquisition of Snowstorm Project
The Snowstorm Project consists of 31 square miles of land holdings strategically located at the projected intersection of three of the most important gold trends in Northern Nevada: the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone.
Nunavut’s second gold mine kicks off commercial production
It's been more than a decade since there's been an operating mine in the mineral rich Kitikmeot region.
IAMGOLD sells stake in Ontario gold project to Sumitomo for $195 million
The deal comes as Sumitomo, Japan’s top gold miner, looks to boost its output through acquisitions and exploration.
BHP to grow potash business to size of iron ore — report
Timeline-wise, the world's largest miner expects to achieve that goal in about 50 years.
K+S Potash, Ducks Unlimited in $2.8 million project to protect wetland in Saskatchewan
K+S Potash Canada (KSPC) has committed over $2.8 million in funding for wetland conservation through an agreement with Ducks Unlimited Canada (DUC) to ensure wetlands affected by the Bethune mine are offset through the restoration and preservation of wetlands across Saskatchewan.
