Canada Mining News

Nickel production to grow for first time since 2013 — report

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.

Mandalay’s mine fully flooded, trapped workers unlikely to be alive — Chile’s Army

A waterproof camera is expected to reach Monday the area where the miners are believed to have been working and where the shelter is located.

Copper-zinc VMS project changes hands for C$28.8M

A high-grade copper-zinc volcanogenic massive sulphide (VMS) project in British Columbia will now be developed by Desert Star Resources (TSXV:DSR).

Pele Mountain sells uranium project to focus on lithium

A plan by Pele Mountain Resources (TSXV:GEM) to mine uranium in northern Ontario while at the same time processing rare earths has fizzled.

Former BC Mines Minister now director at project-generating junior

Bill Bennett, British Columbia's former Minister of Mines and Energy, has quit politics and joined Eagle Plains Resources (TSXV:EPL) as a director.

Canadian mining companies targeted in "cyber-extortion" scheme

The wealth of mining companies and their highly-paid executives has always made them a perfect target for thieves.

IC Potash announces financing

TIC Potash Corp. is pleased to announce a non-brokered offering of up to 20,000,000 units of the Company at a price of $0.05 per Unit for aggregate gross proceeds of up to $1,000,000.

Heavy snowfall disrupts rescue of workers trapped at Mandalay’s mine in Chile

It’s unknown whether the two workers are alive, as authorities have been unable to make contact with them.

SolGold soars after raising more than $41 million via share placing

The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.

Argentina lifts curbs on cyanide use at Barrick's Veladero mine

While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.

BHP Billiton announces new Chairman

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Crystallex moves forward in legal dispute with Venezuela

A court in the District of Columbia is allowing Canadian Crystallex the possibility of advancing in a legal dispute against Venezuela

Northern College and Richmont Mines hold graduation for mining program

Northern College was pleased to celebrate with students who graduated from the Underground Hard Rock Miner Common Core program today at the Royal Canadian Legion in Wawa.

Chilean mining minister responds to criticism over miners’ rescue

Two miners have been trapped for six days at the Delia mine, part of Canadian Mandalay Resources' Cerro Bayo complex

Oil prices set to rebound

The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Tanzania says Barrick to pay money owed by Acacia to Gov’t

Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.

U.S. company signs collective agreement to restart Wabush Mines

Miners at the closed-down Wabush Mines in Labrador could be back on the job thanks to the recent signing of a collective agreement with the union.

Oil sands projects growth to drive need for more pipelines — CAPP

Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.

Trump has been good news for miners — Callinex CEO

Trump’s measures to revitalize the mining industry are steps on the right direction, and they will benefit not just the US, but also Canada, said Max Porterfield.

Tanzania accuses Acacia of illegal mining in fresh blow to Barrick’s subsidiary

Government accused the gold miner of operating illegally in the country and said it has been evading taxes.

K+S Bethune mine in Canada churns out first tonnes of potash

The mine, which began operations last month, is expected to produce 600,000 to 700,000 tonnes of potash this year and 2 million tonnes per year once at full capacity.

Taseko in court to appeal defamation win by enviro-group

Taseko Mines (TSX:TKO), the company behind a large copper-gold project in north-central British Columbia, was back in court last week to appeal a 2016 decision that went against it.

Two workers trapped at Mandalay’s Cerro Bayo mine in Chile after flooding

Operations at the silver-gold mine have been suspended until further notice.

Greece to take Eldorado Gold to arbitration court over project

Energy minister George Stathakis said the move aims to ensure the company respects its contractual obligations.