Canada Mining News

Mining capital projects: Are you ready for the next CapEx investment cycle?

With new technologies providing opportunities for growth, mining companies are preparing to launch into a new wave of investment.

Mergers and acquisitions in Canada stage exceptional comeback in Q1

However, the Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 8% in the three months to March 2018.

CanAlaska Uranium, Cameco make headway at West McArthur project

Work at the project, located immediately next to Cameco's Fox Lake uranium discovery, has been focused on evaluating the C10 corridor, which is highlighted by the NE-striking conductivity high in the southern part of the property.

Fireweed files a PEA with a pre-tax IRR of 32%

The pre-production capital expenditure is $404M, which includes $105 million of capital cost required to upgrade the government-owned North Canol Road.

House passage of Minerals Security Amendment recognizes importance of minerals to national security

This amendment will provide a level of certainty that is required to ensure our military has the materials it needs when it needs them.

Cobalt 27 agrees to streaming finance deal with Australian miner

The transaction is the world's first cobalt-nickel streaming deal on a producing mine, Cobalt 27 said in a statement.

Petro-Lithium production represents diversification of Alberta’s energy economy

Alberta's E3 Metals Corp. developed a chemical extraction process that allows lithium to be produced in hours.

Goldcorp says Peru and Nevada would make portfolio perfect

Goldcorp Inc. CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list.

Eldorado to soon obtain permit for processing plant in Greece, minister hints

The country’s energy ministry said he aimed to address the company's development plans in the coming weeks and according to a recent arbitration, which favoured Eldorado.

Rio Tinto says investors to take stance on Oyu Tolgoi as ‘test case’

Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.

It’s not about scoring the big win, it’s about not backing losers

MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.

Vancouver miner to become one of Nova Scotia’s largest single mineral claim holders

Coronet Metals to acquire 3,888 mineral claims in the Meguma Gold Belt.

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Eritrea 'poison pill' complicates miner Lundin's aspirations -sources

Lundin Mining's board of directors, chaired by billionaire resources tycoon Lukas Lundin, refuses to invest in Eritrea.

New First Nations led campaign calls for improved mining practices and better regulation in British Columbia

Province’s contribution to a clean energy future at risk unless changes are made.

China’s Tianqi Lithium buys minority stake in SQM for $4.1bn

The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.

Centerra gets $200 million for royalty portfolio and Kemess silver stream

The miner is receiving an upfront cash payment of $155 million for AuRico Metals’ royalty portfolio and about $45 million payable in four tranches for Kemess's silver output.

Yamana begins gold and silver production at Cerro Moro mine in Argentina

Commercial production is expected in the second quarter of the year.

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

ALX Uranium Corp. intersects elevated radioactivity at Newnham Lake uranium project

Project is located in the northeastern Athabasca Basin of northern Saskatchewan, approximately 75 kilometres east of Stony Rapids.

Canadian explorer looking to restart Europe's last tin mine to list in London

Vancouver-based Strongbow Exploration expects the London listing to help it raise 25 million pounds ($34 million) over the next 18 months, which will use to study the feasibility of resuming production at the South Crofty tin mine in Cornwall.

IDM Mining expects environmental permits for Red Mountain by Sept.

The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.

Barrick signs 10-year gas supply deal to make Dominican mine greener

Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.

Canadian company to reopen gold mine in Spain

Orvana Minerals’ subsidiary in Spain has plans to reopen the Carlés gold mine, located in the Salas municipality of the Principality of Asturias.

Gold miner in Honduras must stop exhuming bodies from cemetery – lawyer

The Honduran subsidiary of Aura Minerals has angered the citizens of the town of Azacualpa by removing over 350 corpses from a cemetery to make space for its San Andres open-pit gold mine.