Industry News

Slumping commodity prices drive groundbreaking approaches to miningSlow times in the mining industry are an opportune time to reassess your business and upgrade your technical and market know-how, say industry leaders. By: Ella MyersEconomic blasts are rumbling the ground on which the mining industry stands these days. As nickel prices drop alongside copper and other local commodities, Vale’s general manager of mines and mill, Robert Assabgui, estimates that more than half of producers are losing money at the current p...
Mine developer finds project financier By: Northern Ontario Business staff A northwestern Ontario mine project developer has struck a tentative financing deal with a venture capital firm to advance its proposed iron-ore mine and mill. Rockex Mining announced Feb. 11 of the signing of a non-binding letter of intent with Diversified Innovative Marketing Enterprises (...
Mining ventilation consultants opening Sudbury officeBBE Consulting, an international mine ventilation and cooling company is coming to Canada and is setting up shop in Sudbury. By: Northern Ontario Business staff BBE Consulting, an international mine ventilation and cooling company is coming to Canada and is setting up shop in Sudbury. Scheduled to open an office sometime in February, the specialized Australian and South African engineering consultancy provides a suite of services related to mine ven...
Lake Shore Gold being acquired by Tahoe ResourcesLake Shore Gold is being acquired by Tahoe Resources. By: Northern Ontario Business staffVancouver-based Tahoe Resources is acquiring Lake Shore Gold.Tahoe announced it would acquire all shares of Lake Shore Gold in an agreement to combine the companies.Under the agreement, Lake Shore shareholders will receive 0.1467 of a Tahoe common share per Lake Shore share. Once the transactio...
Canadore College opens training facility in India North Bay’s Canadore College has opened an aviation training facility in India. By: Northern Ontario Business staff North Bay’s Canadore College has opened an aviation training facility in India. The college and Nettur Technical Training Foundation (NTTF) announced Feb. 4 of the opening of an Aviation Technical Training Centre of Excellence in Bengaluru, in the state of Karanataka. The centre will offer ...
Lake Shore finds more gold on ex-Temex propertyLake Shore Gold’s exploration program has discovered gold mineralization on some newly acquired property near Timmins. By: Northern Ontario Business staff Lake Shore Gold’s exploration program has discovered gold mineralization on some newly acquired property near Timmins. The Timmins miner announced Feb. 4 that it has found shallow and high-grade gold at the Whitney Project during the first phase of a surface drilling program. It’s the first ...
Vale has new Ontario operations VPVale’s Creighton Mine in Sudbury By: Northern Ontario Business staffVale has appointed Stuart Harshaw as its new vice-president of Ontario operations.Harshaw, who has worked for the company since 1990, took over the positon on Jan. 11.In his current role, he is responsible for the base metal operations of Vale in Ontario. That includes six mines, a mill, smelte...
Mineral explorers make their case to Ottawa The Prospectors and Developers Association of Canada (PDAC) is lobbying Ottawa to strengthen an exploration tax credit program and commit infrastructure dollars to support remote development projects. By: Northern Ontario Business staff The Prospectors and Developers Association of Canada (PDAC) is lobbying Ottawa to strengthen an exploration tax credit program and commit infrastructure dollars to support remote development projects. PDAC released its list of priorities, Feb. 2, as part of a pre-budget submission to the fed...



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