Canada Mining News

Canadian mining sector has a great April: Statistics Canada

Canadian base metal and coal miners were the nation's economic bright spot in April, according to report from Statistics Canada released on Thursday. The study, which looked at gross domestic product by industry, found that mining grew strongly while the rest of the economy was mostly flat.

Lekstrom given lengthy shopping list

A bridge, two roads, a ferry and a wharf — these transportation issues faced by Kitimat were on the table here last Wednesday in a meeting between B.C.’s transportation minister, the mayor and a few city councillors.

More environmental rules needed, says law centre

British Columbia needs more evironmental regulations to govern mine development, says the University of Victoria Environmental Law Centre.The authors, Calvin Sandborn is legal director and Maya Stano, claim that the current mine regulatory system is weak.

First iron ore train in 30 years leaves Schefferville

Stocks in Labrador Iron Mines Holdings ended up 5% in Toronto on Thursday after reporting that on June 29, 2011 the first loaded iron ore train departed Silver Yards for the Port of Sept-Iles travelling over the TSH and QNS&L railways. This historic event is the first commercial iron ore train from the Schefferville area in almost 30 years. Labrador is developing twenty direct shipping iron ore deposits in western Labrador and north-eastern Quebec. LIM’s properties are part of the historic Schefferville area iron ore district where mining of adjacent deposits was previously carried out by the Iron Ore Company of Canada from 1954 to 1982.

Teck announces pricing of US$2.0 billion notes offering

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it has priced its previously announced offering of senior unsecured notes. Teck will issue US$2.0 billion in aggregate principal amount of notes, consisting of US$300 million aggregate principal amount of 3.15% notes due 2017, US$700 million aggregate principal amount of 4.75% notes due 2022 and US$1.0 billion aggregate principal amount of 6.25% notes due 2041.

Government of Canada, Teck and Micronutrient Initiative announce partnership to implement lifesaving zinc treatment programs

The Micronutrient Initiative (MI) and Teck Resources Limited (Teck) announced today they are joining hands in a new partnership to develop and sustain zinc treatment programs to help save children's lives.

Bayfield drills 79.50m of 8.66 g/t gold and 57.67 g/t silver including 11.2m of 60.05 g/t gold and 362.96 g/t silver at Rainy River, NW Ontario

Bayfield Ventures announced a major gold and silver intercept on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated adjacent to the east and on strike to Rainy River Resources' multi-million ounce gold deposit.

Silver Quest announces 4.0 metres averaging 165.4 g/t Au in step-out drilling at Davidson gold oroject, BC

Silver Quest Resources reported drill results from 22 holes (BW 149 through BW 170) received from the ongoing 20,000 metre drill campaign to expand the resources on the Davidson Gold Project, a joint venture with New Gold Inc., which is the operator of the joint venture. Silver Quest has a 25% interest in the joint venture. The project is approximately 110 kilometres southwest of Vanderhoof, BC.

Tyhee starts feasibility study on Yellowknife gold project

Tyhee Gold Corp. a late stage development company, announced on Monday that the board of directors has approved management's recommendation for a Feasibility Study on the Yellowknife Gold Project. 

Cameco invests $5 million more in PhosEnergy process for uranium recovery

Cameco invests third tranche investment of $5 million for further development of Uranium Equities’ PhosEnergy Process. Demonstration Plant construction completed and undergoing final commissioning for the recovery of uranium as a by-product of phosphate fertiliser production.

Peregrine discovers three more Kimberlites at Chidliak

Peregrine Diamonds reported the discovery by drilling of three new kimberlites, CH-56, CH-57 and CH-58, on the Chidliak project ("Chidliak" or "the Project"). Chidliak is located on southern Baffin Island approximately 100 kilometres northeast of Iqaluit, the capital of Nunavut, Canada.

Caribou in Athabasca oil sands threatened by human presence

The caribou population in the Athabasca Oil Sands area in Alberta, Canada could be extinct in 30 years due to human activity, according to new research. Wolves have been blamed for the dwindling caribou population in parts of Alberta, but research published in the June issue of Frontiers in Ecology and the Environment says human activity related to oil production and the timber industry could be more important than wolves in the caribou population decline.

Teck receives regulatory approval for share buy-back program

Teck Resources has been informed that the Toronto Stock Exchange has accepted Teck's notice of intention to make a normal course issuer bid in respect of up to 40 million Class B

Rio Tinto clears major hurdle for US$2 billion Kitimat smelter modernisation in British Columbia

Rio Tinto's US$2 billion project to modernise its Kitimat smelter in British Columbia, Canada, will be submitted for Board approval following the decision by the British Columbia Utilities Commission (BCUC) to accept the 2007 Energy Purchase Agreement (2007 EPA) between Rio Tinto Alcan and BC Hydro.

Share buy-back plan receives regulatory approval – Teck

The Diversified miner said Wednesday that regulators have approved a plan, that will take effect from June 27th, allowing the group to buy back as much as 6.9% of its B class shares.

Cap-Ex Ventures: airborne identifies high priority DSO targets at Lac Connelly

Cap-Ex Ventures announced it has received and interpreted the preliminary data from the recently completed Airborne FALCON Gravity Gradiometer and High Sensitivity Magnetometer survey, conducted by Fugro Airborne Surveys Corp. The survey was conducted over the Company's wholly owned Lac Connelly property located in the Labrador Trough.

CMJ: CaNickel revives Bucko Lake

Canadian Mining Journal reports: Crowflight Minerals of Vancouver has received all the necessary approvals and will begin trading under its new name, CaNickel Mining Limited, on June 23, 2011. The company has also moved its business to British Columbia from Ontario. CMJ reports that since Crowflight restarted nickel mining at Bucko Lake near Wabowden, Manitoba, the mine has shipped 85 tonnes of nickel concentrate to Xstrata's smelter in Sudbury, ON. The mill is currently processing 600 tonnes per day. Image of the Bucko Lake mill, by Crowflight Minerals Inc.

Goldrea Enters Into an Agreement to Purchase Wigwam Magnetite Prospect

Larry W. Reaugh, President & C.E.O. of Goldrea Resources Corp. (TSX VENTURE:GOR)(PINK SHEETS:GORAF)(FRANKFURT:GOJ) ("Goldrea" or the "Company") is pleased to report the company has entered into an agreement to purchase 100% (subject to a 2% NSR) of the WigWam Magnetite, Iron, Titanium, Vanadium and Silver Project (1237 hectares/3056.8 Acres), located at WigWam Bay, 8 Kilometers southwest of the head of Seymour Inlet, British Columbia from John Thom Shearer of Coquitlam, B.C.

Colibri reports more drill results at Ramard; 311 grams per tonne silver, 2% lead, and 3.4% zinc between 37 and 38 meters depth, plus multiple intervals of silver-lead-zinc.

Colibri Resource Corporation reports final results from a 2400 meter drill program at the Ramard silver project, in Sonora, Mexico. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri's Mexican subsidiary, Minera Halcones. The Ramard property contains numerous historical artisanal silver mine workings.

Adex Mining Announces Results of Annual and Special Meeting of Shareholders

Adex Mining announced the results of its annual and special meeting of shareholders held on June 17, 2011 in Fredericton, New Brunswick.

Suncor finishes upgrader maintenance work

Suncor said production at its oil sands operations north of Fort McMurray, Alberta, had now returned to normal. The work on Upgrader 2 reduced output at the facility by 215,000 barrels per day over its

UN climate inventory data clashes with new Environment Canada report

Environment Canada has been criticized for excluding statistics indicating a substantial rise in overall pollution from the oilsands sector from 2008 to 2009 in its inventory report, while including numbers suggesting the industry was making progress

MEG Energy moves forward with Christina Lake oil sands project in Alberta

Flint Energy Services Flint Energy Services Ltd. signed a letter of intent for a major oil sands construction contract with MEG Energy for its Christina Lake Phase II SAGD oil sands project near Conklin, Alberta.

Lemon or Lamborghini Investors require the full picture on oilsands liabilities

Ever tried buying a car without an inspection? Or having only the engine examined but not the brakes? If so, you'd be playing a game of chance if the car had some rather expensive upcoming maintenance bills. Turns out for investors wanting to put their cash on the oilsands, it's currently not possible to have the full picture on oilsands liabilities Image is from Endleez at Wikipedia.

Canadian Natural Resources Ups Horizon Oil Sands Project

Suncor Energy Inc. reported Monday that it successfully completed planned maintenance work on one of its two oil sands upgraders (U2) at its oil sands operations near Fort McMurray safely and on schedule. Oil sands […]