Company reduced waste rock dumps in response to concerns over water quality
Canada Mining News
The cash keeps pouring in to Champion Iron (TSX:CIA) and its subsidiary, Quebec Iron Ore (QIO).
It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.
The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.
The Property is located adjacent to the prolific Keno Hill silver camp where 222.5-million ounces of silver have been produced up to the end of 2013.
According to PwC's Mine 2017 report, Canada's largest mining companies played a key role in the international mining sector's emerging growth.
The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region’s key salmon industry.
BC Forest Fires – Central Interior
Some of the worst fires, raging in BC’s interior, have grown overnight.
Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.
Rapidly spreading wildfires in British Columbia disrupted operations at two mining companies and damaged public utilities on Monday as 14,000 people were forced from their homes in the interior of the Western Canadian province.
The lender has been evaluating its pipeline-related policy for months and said it may make the decision of not financing those kinds of projects permanent before year-end.
Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.
Mining magnate and philanthropist Ross Beaty joins other prominent Canadians in being among those awarded membership in the 2017 Order of Canada.
Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.
Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.
But owners of Wolverine mine say rail line not operational yet.
The Canadian miner said it will take “all legal steps possible” after the country’s Supreme Court suspended the mining licence for its flagship Escobal silver mine.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.
The permit renewal comes only a year after the miner obtained regulatory approval from the Canadian Nuclear Safety Commission to rise annual uranium production capacity from 13 million to 24 million pounds.
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
The two new laws allow the government to force mining and energy companies to renegotiate their contracts.
The firms said it's also initiating consultations with its unions about the potential impacts on employees during this period of suspended production.
Doug Hoerr, Caterpillar's vice president of the material handling & underground division, is retiring in August after more than 20 years with the company.