Canada Mining News

Northern Dynasty: permitting for Southwest Alaska's Pebble Project remains on track

The 2017 settlement agreement provides a clear path for project review and permitting.

First Quantum's nickel output down 24 pct in 2017

Nickel output by First Quantum Minerals fell 24 pct to 17,837 tonnes last year from 23,624 tonnes in 2016, the company said in a report.

De Beers auction sales: what a difference a decade can make

"The last 10 years have been... an exciting time during which we’ve launched lots of industry firsts and helped reimagine the way the sector operates."

Petra Diamonds shares crash on profit and output forecast cuts

The stock fell by 21%, the steepest intraday decline since September, after the miner lowered production forecasts and confirmed that a stronger South African currency would knock annual profits.

Canada’s Fort Hills oil sands project delivers first bitumen

Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.

Preferred addresses for Toronto and Vancouver miners

Where miners and juniors hang their hats.

World's only gold cast of Mandela's hand could fetch up to $13 million

A South African businessman now living in Canada wants to sell a unique collection of solid gold items intimately associated to Nelson Mandela, which he bought for about $360,000 in 2003.

Zambia court dismisses First Quantum bid to stop $1.4bn lawsuit

ZCCM-IH launched action in Oct 2016 to sue First Quantum over claims that the company borrowed $2.3bn from copper mining subsidiary without informing them.

SolGold starts additional drilling at flagship project in Ecuador

The company’s Cascabel project is located in the northern portion of the Andean copper belt in Ecuador, renowned for hosting almost half the world’s copper known reserves.

De Beers Is digging up more diamonds than any time since 2008

The company, a unit of Anglo American Plc, mined 33.5 million carats in 2017. That’s a 22 percent jump from a year earlier, beating its own target.

Teck says Elkview incident to cost 200,000 tonnes in production

This comes a week after the miner reported a "significant pressure" event at the mine.

Avalon announces start of winter drilling program on Separation Rapids Lithium project

At least seven holes totalling 1500 metres are planned at the Ontario-based project.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Goldman, Citi final bidders for Scotiabank's metals business

The field of prospective bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, has narrowed to two.

K+S Potash Canada honoured to be named one of Saskatchewan’s Top Employers

This designation follows KSPC being named one of Canada’s Top 100 Employers for 2018 in November.

McLaren Resources to develop blockchain platform for use in mining related industry

The blockchain platform will allow users to access an immutable record of mining industry information securely and efficiently.

Small remains beautiful for gold mining acquisitions

Small, opportunistic deals will dominate the global gold mining sector again this year, analysts said on Tuesday.

Barrick grabs stake in Royal Road Minerals in $1.3 million deal

Proceeds from the private placement and financing will be used for exploration and development of the junior miner’s projects in Colombia and Nicaragua.

Pretium shares tank after Brucejack ramp up disappoints

Vancouver producer announces lower gold production, recoveries at its only mine six months into ramp-up – stock is down 26%.

Teck trades lower following mine explosion

The company reported a "significant pressure event" at its Elkview coal mine.

PJX wants to buy another gold mine in B.C.

The Toronto-based miner wants to buy the Gold Shear property, southwest of Cranbrook, British Columbia.

Inflexible land protections rob Nova Scotians of economic opportunity

The protected areas plan is harming the mining industry’s ability to create jobs and economic growth for Nova Scotians.

Rio Tinto bets big on Mongolia, opens local office

The new unit, under Mongolian leadership, will focus on exploration and local ties.

Abandoned Nanaimo coal mine finds second life as heat source for university buildings

In Nanaimo, B.C.— a city built on coal — a long-abandoned mine will soon become the heat source for a new university building.

Crystallex requests new hearing in lawsuit against Venezuela

The Canadian company alleges that the South American country is performing “fraudulent transfers.”