Canada Mining News

Canada makes a deal a day as mining M&A head towards $200 billion

The value of mergers and acquisitions in the mining sector more than doubled to $96.3 billion in the first six months of the year and could top $200 billion for the whole of 2011 says a new research report. Canadian companies – both as acquirers and as the targets of buyers – dominated corporate finance activity in the first half shaking on more than a deal a day and at 325 deals accounting for almost two-thirds of all the metals and minerals transactions carried out around the world.

CanAlaska Uranium identifies multiple conductors from ZTEM airborne geophysics surveys

CanAlaska Uranium Ltd. (TSX - CVV) has completed two airborne ZTEM geophysical surveys on its Hodgson and Carswell projects in the Athabasca Basin, Saskatchewan. The newly-developed ZTEM surveys provide a new dimension for surveying electromagnetic targets, and as expected, provide superior detail of conductive zones at depth.

Grizzly adds to 2.4 million acres of land for Alberta potash project

Grizzly Discoveries Inc. announced on Monday it has applied for a new metallic and industrial mineral permit in Alberta along the Saskatchewan border covering approximately 4,672 hectares to add to its existing land holdings of more than 2.4 million acres for its Alberta Potash Project. Stocks in the micro-cap company was steady at 70c on Monday following the news and is worth more than double what it was at the start of 2011. Apart from potash Grizzly is exploring for gold and base metals in British Columbia and diamonds in Alberta.

National Geographic profiles proposed pipeline to carry oil sands crude to the B.C. coast

A proposed oil pipeline running from Alberta to the B.C. coast gets a critical look by National Geographic, a media company that has a potential reach of 280-million people each month. The article, Pipeline Through Paradise, looks at the coastline and the potential for mis-haps. The Enbridge Northern Gateway Pipelines Project is a proposed $5.5-billion pipeline running 657 kilometres from Bruderheim, Alberta to Kitimat, located on the central coast of British Columbia. The oil would then be sent overseas on tanker traffic.

Some facts on the Albertan oil sands

Oil sands are also commonly referred to as tar sands. According to The Tyee [] the term tar sands was more widely used than oil sands to describe Alberta's bitumen fields until the 1960s, when the provincial government made it a formal policy to call it oil sands.

Grande Cache Coal Corporation provides operational update

Grande Cache Coal Corporation announced that it has received the amended mine permit and a new mine licence from the Alberta Energy and Resource Conservation Board necessary to commence development of its new No 12 South B2 underground operation.

Thundermin executes formal agreement to earn a 100 pct interest in a large portion of the stirling zinc

Thundermin Resources Inc. ("Thundermin") (TSX:THR) announces that it has executed a formal agreement (the "Agreement") with two vendors (the "Vendors") giving Thundermin the right to acquire a 100% interest in eight Exploration Licences (404 claims over 64.6 km²) (the "Stirling Property") which cover a large portion of the Stirling volcanogenic massive zinc-lead-copper-silver-gold sulphide belt located on Cape Breton Island, Nova Scotia (see Thundermin's news release dated June 23, 2011 for additional details on the terms of the Agreement and the Stirling property).

Orbite alumina process has global appeal

Exploration Orbite VSPA Inc. says its patented process to convert the Grande Vallée aluminous clays in the Gaspé Peninsula into alumina may have a much wider potential than expected. Orbite has already produced high-grade alumina - the intermediate

Canadian company successful produces test samples of graphene

Canadian company Northern Graphite Corporation says it has successfully produced graphene from  its Bissett Creek project in Northern Ontario. recently reported on the multiple uses of graphene, which is made from graphite, including futuristic […]

Canadian exploration and deposit expenditure expected to increase

Canada’s mining industry continues to rally from the recent global recession, with this year’s production currently exceeding that of 2010, reports government department Natural Resources Canada (NRCan).

EIS for Jansen potash project gets okay

The Saskatchewan Ministry of Environment has approved the environmental impact statement (EIS) filed by BHP Billiton for the Jansen potash project near Lanigan. The EIS was submitted for technical review and public comment in December 2010.

U.S. State Department to assess Canadian oil pipeline next month

The U.S. State Department said Friday it expects to issue a final environmental assessment next month on TransCanada Corp's (TRP.TO) proposed $7 billion pipeline that would deliver crude from Canada's oil sands to refineries to Texas. The pipeline has been opposed by many lawmakers and environmentalists for greenhouse gas emissions associated with oil sands production and because the line would run across one of the world's largest aquifers.

AngloGold to spend $30m on 19.79% stake in First Uranium

Africa's biggest gold miner AngloGold Ashanti said on Friday it would acquire a 19.79 percent stake in Canadian gold and uranium producer First Uranium Corp for $30 million. AngloGold said it would buy the stake, which consists of 47 million shares and priced at $0.64 a share, from South Africa's Village Main Reef Gold Mining.

Azimut discovers a new copper-molybdenum zone at Rex, Nunavik, Quebec

Azimut Exploration Inc ("Azimut" or "the Company") (TSXV: AZM) announces the discovery of a new mineralized 1.5-km-long copper-molybdenum zone on its 100% owned Rex property in Nunavik, northern Quebec. This latest zone (the Robinson Zone) further supports the excellent exploration potential for large-scale polymetallic deposits in a region considered by Azimut to be a new mineral belt of major importance.

Canada to boost oil sands monitoring

The Canadian government is set to spend Canadian $ 50 million per year ($ 53 million) on monitoring and controlling of air and water pollution from its oil sands projects in northern Alberta, in a bid to accelerate the US decision to allow a TransCanada crude oil pipeline transportation project to the Gulf Coast.

Canadian Orebodies commences drilling on potential large tonnage Haig Inlet Iron Ore Project

Canadian Orebodies Inc. (TSX VENTURE:CO) ("Orebodies") has started drilling on its Haig Inlet Iron Ore Project, located on the Belcher Islands, Nunavut, Canada.

Quebec lithium mine’s site construction scheduled for third quarter

Mine developer reports the initial site construction of a mine and lithium carbonate processing facility at its Quebec Lithium Project, near Val d’Or, Quebec, should start in the third quarter of this year.

Investors pick up potash juniors as majors put up sold out signs

Stocks of Canadian potash juniors Allana, Passport and Western Potash all showed double digit gains for the week to Thursday as the heavyweight producers all announce significant contract price gains and their export arm appears to run out of inventories altogether. This after Bloomberg quoted the CEO of Mosaic as saying the Canpotex "cupboard is bare" and that the sensitive issue of fertilizer deliveries to India's 55 million farmers is not being discussed at the moment.

Hot Stocks: Metanor Resources fast becoming a mid-tier player

We like cash, but we love exploration companies that have cash flow. Canadian gold mining company Metanor Resources (TSX.V:MTO) not only has six, highly-prospective gold properties — five in Quebec and one in Ontario — but it also has the funds to help transform the company into a mid-tier gold producer.

Pele Mountain Engages Advisor for Strategic Process to Separate Gold Assets from Eco Ridge Mine Rare Earths and Uranium

Pele Mountain Resources Inc. (TSXV: GEM)( OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has engaged Foundation Opportunities Inc. ("FOI") of Toronto, on a non-exclusive basis, to assist and advise Pele with its evaluation of strategic alternatives regarding its Ontario gold assets. Pele's gold assets, which are held in its wholly-owned subsidiary, Pele Gold Corporation ("Pele Gold"), include a 100-percent interest in the East & West Highland Gold projects, as well as a 49-percent interest in the Ardeen Gold project.

Bagging asbestos in the 1960s

YouTube user markdcatlin uploaded a film showing how workers milled and bagged asbestos in the 1960s. The film was shot at the Cassiar Asbestos Company's asbestos mine in British Columbia, Canada. The mine and mill started operations in 1953 and closed in 1992 when the company went bankrupt, taking the town of Cassiar with it.

Metalex recovers largest diamond yet from U2 kimberlite

Metalex Ventures Ltd. (TSXV : MTX) is pleased to report that a 2.61 carat white gem quality diamond has been recovered from the exceedingly large, 9.3 hectare, U2 kimberlite pipe on the Metalex - Arctic Star Diamond Corp. (TSXV : ADD) joint venture in the James Bay lowlands, Ontario.

Montana won't allow oil sands equipment headed to Alberta on state roads

Imperial Oil’s plan to truck huge pieces of oilsands mining equipment through Montana and into Alberta has hit a speed bump. Montana Fourth Judicial District Court Judge Ray J. Dayton issued a ruling Tuesday that prevents the state’s Department of Transportation from granting the permits required to transport the oversized loads.

Midas Gold commences US$10.5 million exploration program at its Golden Meadows Project

Midas Gold Corp. (MAX: TSX) today reported that the 2011 exploration program at its Golden Meadows Project, Valley County, Idaho, has commenced. The work planned by Midas Gold aims to further evaluate the mineral potential of the consolidated Golden Meadows property, unconstrained by historic property boundaries that impeded prior explorers in the area. The 2011 exploration program will use a combination of exploration methods, including airborne and ground geophysics and drilling.

Cnooc to pay $2.1 billion for Canada oil sands firm

OPTI Canada, a bankrupt oil sands producer, has agreed to sell itself to a wholly-owned subsidiary of the China National Offshore Oil Corporation, in a deal worth $2.1 billion, the company said on Wednesday. Cnooc, as the Chinese oil giant is known, has been an active deal maker as it seeks to feed China’s ravenous demand for energy.