Newfoundland and Labrador Mining News

Positive heap leach test results lift Marathon Gold’s shares

The latest results are more favorable than the 59% gold recovery used in a preliminary economic assessment completed in October 2018.

Saskatchewan best place to mine in Canada

The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces.

Anaconda Mining grows footprint in Atlantic Canada, creates ExploreCo

Anaconda has been busy trying to grow through mergers and acquisitions. Last year, it acquired its first project in Nova Scotia — Goldboro — through the acquisition of Orex Exploration. And in February, it added a new deposit to Great Northern Project in Newfoundland.

Hebron project off Newfoundland coast kicks off oil production

It's expected to help Atlantic Canada offshore production rise 44% to 307,000 bpd by 2024.

Northern Quebec iron ore mine to re-open by March

The Bloom Lake mine in northern Quebec will be back in business by March of next year, according to its new owners.

Voisey's Bay underground mine on hold

Plans to extend the life of the Voisey's Bay nickel mine in northern Labrador by moving operations underground – already once delayed – are now on hold.

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.

IOC green-lights new iron ore pit in Labrador

The Iron Ore Company of Canada (IOC) is taking advantage of rocketing iron ore prices by pushing forward with its Wabush 3 iron ore mine in Labrador, Canada.

Osisko Gold back to its roots, sells stake in Labrador Iron Ore

The move comes less than two years after the Montreal-based firm decided to add exposure to the steelmaking raw material by grabbing a stake in the fellow Canadian iron ore company.

Idled Canadian iron ore mine charged with $30K fine over pollution

Mining company will be added to the country’s Environmental Offenders Registry.

Canadian Gov’t loans $2M to Newfoundland copper-gold mine

Funding will help English junior miner Rambler to increase production at its flagship mine, Ming, located in the Baie Verte Peninsula.

No white knight for idled Wabush Mines

The mine's assets are now in the process of being liquidated.

Plans move forward for rare earth elements mine on Labrador coast

Financeable at a cost of $152 million.

Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Until now Canadian companies needed to have at least 51% stake in any uranium project.

Labrador Iron Mines seeks court protection from creditors

The Canadian miner became the latest victim of slumping iron ore prices.

Vale confirms plans to sell stake in $35 billion base metals unit

Chief Financial Officer Luciano Siani confirmed Tuesday the company's plans to sell a minority stake in its metals-producing unit.

Wabush woes: Labrador mining town reels from a China slowdown

Ron Barron has spent 30 years working in the Wabush mine, one of three generations of Barrons who have toiled in the open pits in what western Labrador bills as the iron ore capital of Canada.

Maritime, Rambler ink deal to re-examine Hammerdown mine

Maritime Resources Corp. of Vancouver and Rambler Metals & Mining of Baie Verte, Newfoundland, have agreed to re-examine the former Hammerdown gold mine that lies in Maritime's Green Bay property near Springdale.

Cliffs mulls closing Bloom Lake iron ore mine for lack of buyers

Closing the mine will cost $650 million to $700 million over the next five years.

Vale sees iron ore prices coming back to historical levels

CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.

Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

Australia’s big three miners to regain control of iron ore sector

Billionaire Andrew Forrest, who made his fortune as the driving force behind Fortescue, says high cost competitors will exit the market shortly.

Labrador Iron Mines halts operations on weak ore prices, high costs

The firm said it has already put in place savings initiatives in various areas including mining equipment rates, rail car leasing rates and corporate and administration costs.

Massive Canadian iron ore mine gets final go ahead

Alderon Iron Ore gets green light to start construction of $1 billion iron ore mine with Chinese backing near Labrador City.