Wallbridge secures bridge loan
Wallbridge Mining Company Ltd. has secured additional funding to help start up its Broken Hammer
nickel-copper-PGM mine near Sudbury.Auramet is
providing Wallbridge with US$1.5 million in the form of a bridge loan, will
bridge the period until sufficient revenue is received to achieve payback of...
Kerr Mines raises cash for operations
Kerr Mines, which recently reached a merger agreement with
San Gold, has announced it’s raising $15 million for general
operations.The company announced it would issue units of the company to
raise profits of $5 million in a non-brokered private placement. It will
subsequently complete a $10-mi...
Ring of Fire news greeted with shrugs
The province announced Thursday its plans to establish an
interim board for the Ring of Fire development corporation, but critics say the
announcement has been too little too late. “I'm really pleased that we're in a position today to take
this very significant step forward to drive the Ring of ...
Sudbury company fined after fatal accident
High Strength Plates & Profiles Inc., a company that processes high-strength plate and
sheet steel, has been fined $110,000 in the death of a worker at its operation
centre in Lively, located just outside of Sudbury.On May 21, 2013,
a worker who had been employed at the centre for a short period...
Province unveils corporate body to plot Ring of Fire
announced today it met its campaign promise of establishing a development
corporation for the Ring of Fire within 60 days of re-election.With headquarters
to be located in Thunder Bay, the Ring of Fire Infrastructure Development
Corporation will work to bring First Nations and the ...
Gravelle mum on Ring of Fire development corporation
Northern Development and Mines Minister Michael Gravelle said the province is not yet ready to announce a development corporation to lead infrastructure decisions around the Ring of Fire, despite a nearing self-imposed deadline.Gravelle was not able to share new information regarding the long-await...
Feds don't commit to $1 billion for Ring of Fire
The federal government is not ready to make a $1-billion commitment to Ring of Fire infrastructure, said Greg Rickford, Canada's minister of natural resources and FedNor.He made the statement in French, responding to a question from French media in Sudbury.Rickford said the feds have already made i...
Cast Resources files for bankruptcy
Cast Resources Equipment Limited, a Sudbury-based company that manufactures used equipment, including scoop trams, underground haul trucks, utility vehicles and drills, filed for bankruptcy on July 4.According to the notice of bankruptcy filed that day, the company, owned by Robert Lipic, owed $8.9...
Is the Ring of Fire dev corp a go?
Northern Development and Mines Minister Michael Gravelle is scheduled to deliver the keynote address at the 2014 Energy and Mines Ministers’ Conference in Sudbury, beginning Aug. 25.The three-day conference, hosted by Collège Boréal, is a gathering of leading federal, provincial and territorial le...
Webequie starts Ring of Fire land use planning
Webequie First Nation, one of the communities closest to the dormant Ring of Fire mineral camps, has reached an agreement with the Ontario government to do a community-based land use plan.A news release from the Ministry of Natural Resources and Forestry said a signing ceremony for the terms of ref...
Kerr Mines and San Gold agree to merge
Toronto’s Kerr Mines and Winnipeg’s San Gold have reached a merger deal to combine their gold properties in the Kirkland Lake area and in Manitoba.“Combining the Rice Lake (in Manitoba) and Copperstone (in Arizona) assets is an important step in creating the next North American mid-tier gold produc...
Northwest mining cluster group still in the cards
Mining supply and service companies in the northwest want to take baby steps toward forming an industry cluster group.A study commissioned by the Northwestern Ontario Associated Chambers of Commerce (NOACC) revealed there isn’t enough of a groundswell of support toward establishing a mining supply ...
Golden parachute for Cliffs boss
Gary Halverson’s time as president and CEO of Cliffs Natural Resources was short but sweet; extremely sweet.The Sudbury native, who was recently ousted as Cliffs boss, will receive $11 million in termination pay by the Ohio iron and coal miner.Halverson was appointed the company’s chief operating o...
New Gold enters credit facility arrangement
Vancouver’s New Gold has entered into a four-year, $300 million revolving credit facility with a syndicate of banks.The previous $150-million revolving credit facility was set to expire in December.The company has a portfolio of four mines and three projects under development, including its Rainy R...
The Ring of Fire court follies continue
It’s an appeal of the appeal.KWG Resources reports it intends to appeal the decision of an Ontario Division Court regarding use of surface rights on its Ring of Fire mining claims.On July 30, the court set aside a decision reached by the Ontario Mining and Lands Commissioner from last September tha...
Mining vet joins Zenyatta board
Zenyatta Ventures has added industry
veteran Ken Stowe to its board of directors.The well-respected mining engineering has
more than 35 years of experience under his belt.He was mostly recently president and CEO of
Northgate Minerals from 2001 until his retirement in 2011. Stowe spent 21 years w...
Chief warns gov’t, developers to respect treaties
Ontario Regional Chief Stan Beardy issued “formal
notice” to government and resource developers in late July that First Nations
intend to assert their inherent and treaty rights on their traditional lands in
Ontario.In a news release, Beardy delivered his
Notice of Assertions on the steps of th...
New strategy pays off for Kirkland Lake Gold
Kirkland Lake Gold is reporting its strongest ever production results, attributing the
positive return to its newly implemented strategy.During the first
quarter, 93,880 tons were milled at a head grade of 0.45 ounces per ton (15.4 gpt)
and a recovery rate of 97 per cent for a total of 40,528 ou...
Red Lake junior drills deep
Vancouver’s Pure Gold Mining has started a
9,000-metre exploration drilling campaign at its Madsen Gold Project in Red
Lake.The company announced Aug. 7 that the
$4-million program was to commence in mid-August with the aim of testing and
expanding key exploration targets in the camp.“We are ex...
Sudbury company acquires property, raises cash
Sudbury Platinum Corp. (SPC) will acquire a 100 per cent interest in the Aer-Kidd property near
Sudbury, and it’s raised $637,500 in financing.The company is
acquiring the nickel, copper, PGM interest for $1.25 million by exercising its
first right of refusal to purchase the property from CaNick...
Aboriginal institute trains mining industry workers
Seven Generations Education Institute is seeking to create a home grown workforce to position Aboriginal people in northwestern Ontario to take advantage of coming opportunities in the mining sector.The Aboriginally run Treaty 3 organization, established in 1978, was the recipient of $5.2 million i...
New leadership at Cliffs Natural Resources
Sudbury native Gary Halverson has been
ousted as president and CEO of Cliffs Natural Resources.As expected, Lourence Goncalves was
appointed Aug. 7 to the top job at the Ohio mining giant and was also named
chairman of the board.He replaces Jim Kirsch who served as chairman
since July 2013, and...
Sudbury-area miner seeking JV
Pacific North West Capital Corp. (PFN) has hired British firm SFA Oxford Ltd. to assess the
feasibility of its Sudbury-area River Valley platinum group metal (PGM) project
in an effort to find a joint venture partner.The firm will
provide “a concise compilation report of a high-level case for in...
Cliffs wins victory in Ring of Fire court case
It’ll be up to Natural Resources Minister Bill Mauro to decide if Cliffs Natural Resources gets permission for an overland transportation route into the Ring of Fire.On July 30, an Ontario Divisional Court set aside a decision reached by the Ontario Mining and Lands Commissioner last September that...
The end of Cliffs in the Ring of Fire?
A New York hedge fund proclaims it’s won a bitter proxy fight with Cliffs Natural Resources to achieve majority control of the Ohio iron ore and coal miner’s board of directors.Casablanca Capital said it was successful in convincing Cliffs’ shareholders to elect all six of its nominees at the miner...
Noront challenges KWG claims in Ring of Fire
KWG Resources reports it’s been served notice that Noront Resources is appealing to the Mining and Lands Commissioner of Ontario to set aside the finding of the Provincial Mining Recorder that KWG was the first to stake two 16-unit claims in the Ring of Fire when they came open on in June 2011.The ...
Nickel to surpass $10 a pound by 2015: analyst
Nickel prices could reach an average price of US$10.75 per pound by 2015 according to a Scotiabank commodity market specialist.Patricia Mohr, a vice-president with the bank, said she expects nickel's steady price increase over the past few months to continue into the new year.“It's all related to t...
Mining centre welcomes new head
The Centre for Excellence in Mining Innovation (CEMI) has appointed a new director for its Rio
Tinto Centre for Underground Mine Construction (RTC-UMC) in Sudbury.Dr. Matthew
Pierce, a principal engineer with U.S.-based Itasca Consulting Group Inc., has taken
on the role of director. Serving in ...
Documentary producer eyes the Ring of Fire
Lalita Krishna has no intention of following the same contrived script that’s evident in the mining reality shows currently being embraced by network television.The award-winning Toronto producer of television documentaries intends to drill down to the essence of the multi-faceted world of mining b...
Fatality reported at Thunder Bay mine
UPDATE: The worker killed at North American Palladium's Lac des Iles Mine in Thunder Bay on July 10 has been identified as Pascal Goulet.The 38-year-old miner was outside of the loader he was operating when he was struck by a piece of broken ore.He is survived by his wife and two daughters. Counsel...
Development corp seeking investment for Timmins
If yours is a company that serves the mining industry — whether it manufactures equipment components or analyzes drill core — Timmins wants you.Through a new regional mining supply and industrial mineral investment attraction project, the Timmins Economic Development Corp. (TEDC) is actively trying...
Restructuring in the cards for Essar Steel Algoma?
Bloomberg News is reporting that Essar Steel Algoma may be heading for restructuring later this month.The publication reported that KKR & Co. and two other investors have purchased debt in the struggling Sault Ste. Marie steel maker, which has lost money in nine consecutive quarters.The Northern On...
K-L Gold raises flow-through cash
Kirkland Lake Gold announced July 3 of the closing of its flow-through financing of $7.5 million.The company intends to use the net proceeds to advance its surface exploration program.The Kirkland Lake gold miner issued an aggregate of 1,923,205 common shares a price of $3.90 per offered share.An a...
Rubicon names new exploration boss
Howard Bird has been named Rubicon Mineral’s vice-president of exploration."We would like to welcome Howard Bird to the management team," said Mr. Lalonde. "Howard brings a wealth of experience that will help us unlock the exploration potential of our extensive Red Lake and Nevada-Utah land package...
Superior Copper discovers new mineralization
Superior Copper Corp. has discovered a new zone of copper-silver-gold mineralization at its
project near Sault Ste. Marie.Recent drilling
at the site intersected the new mineralized zone at 315 metres, which is deeper
than any previous work done anywhere on the property. No previous drilling has...
Sudbury mining service company gets funding
Sudbury-based company that specializes in products for real-time monitoring and
safety control systems for the mining industry, is getting $13,279 from FedNor.The funds will be
used to complete an operational assessment to improve its manufacturing and
assembly processes, while ...
Sudbury’s Rock-Tech expanding
manufacturer Rock-Tech is expanding its operation to a 30,000-square-foot
facility in Sudbury.Rock-Tech manufactures
equipment engineered specifically for underground mining applications. Servicing
clients in Canada, Mexico, Chile, Australia and Peru, Rock-Tech boasts a
Red Lake gold explorer seals deal on property acquisition
Laurentian Goldfields announced June 25 that it has closed the acquisition of the Newman-Madsen Property from Sabina Gold & Silver at Red Lake in northwestern Ontario.The Vancouver gold digger now possesses a huge land package of more than 5,000 hectares which includes the existing high-grade Madse...
Wynne does the Queen’s Park shuffle
Northern Ontario’s balance of ministerial power now resides in Thunder Bay.Premier Kathleen Wynne was sworn in June 24 with a new cabinet in a larger government with 23 ministries, including some rejigged ones.Thunder Bay-Superior MPP North Michael Gravelle retains his position as Northern Develop...
Supreme Court ruling holds no bearing for Northern First Nations, says strategist
A landmark Supreme Court of Canada ruling recognizing a First Nation’s title to a large tract of land in the B.C. interior doesn’t hold much relevance to any future development in Ontario’s North, especially the Ring of Fire, said a strategist, lawyer, and author on Native involvement in the resour...
Robert Lipic celebrated for 50-year mining career
Sudbury's business community celebrated the career and legacy of a man who risked his own life many times for the sake of his business, at a retirement party for Robert Lipic, June 23.Lipic, the former president and CEO of Mining Technologies International (MTI), was surprised to enter a room with ...
Worker killed at Holt operations
A man has been
killed at St Andrew Goldfields’ (SAS) Holt property located about 60 kilometres
east of Timmins.The worker, who
was employed with contractor Orbit Garant Drilling, was killed when he was
struck by a tree.The OPP have
responded and are investigating the incident in conjunction wi...
Kidd earns reclamation award
Glencore’s Kidd Operations in Timmins has received the 2014 Tom Peters Memorial Reclamation
Award.The award was
presented during the seventh annual Ontario Mine Reclamation Symposium and
Field Trip, held June 17 and 18 in Peterborough. The event is sponsored by the
Canadian Land Reclamation Ass...
Harte raises exploration funds for Hemlo-area project
Harte Gold, which
is exploring near the Hemlo Gold Camp, has raised $1.35 million in funding
through a private placement.The company has
offered a private placement of six million units and four million flow-through
units of the company. Proceeds will be used to fund the summer 2014 drill
Rubicon on track for Red Lake mine startup
Rubicon Minerals reports it’s on schedule to finish construction and start production at its Phoenix Gold underground mine in Red Lake by mid-2015.With $42 million of spending to go on underground work, the company said it has completed 875 metres of a planned 8,023 metres of development at the 685...
Cliffs has its two days in court
An Ontario Divisional Court in Toronto has heard an appeal by Cliffs Natural Resources over gaining access to its Ring of Fire chromite deposit.The two-day hearing, which ran June 16-17, stemmed from a ruling last September by Ontario’s mining and lands commissioner. The tribunal dismissed the Ohio...
Ring of Fire proposal echoes KWG Resources plan
The first report from the new Northern Policy Institute echoes a plan set forward by junior miner KWG Resources in 2010, that the Ring of Fire's infrastructure should be developed under a port authority model.That suggestion met the approval of the Toronto-based junior miner now working in the chro...
Wallbridge delivers first shipments of ore from Broken Hammer
Wallbridge Mining has started delivering the first shipments
of ore from its Broken Hammer open-pit mine in Sudbury to Northern Sun’s Redstone
Mill in Timmins.During the last few weeks, Wallbridge and its mining and transportation
contractor, William Day Construction Ltd., have built an ore stoc...
Think-tank report calls for Ring of Fire port authority
The provincially-created Northern think-tank has released a Ring of Fire report suggesting that the creation of a port authority is the most prudent way to gain overland access to the mineral-rich James Bay lowlands.The Northern Policy Institute released a report, July 17, authored by former deputy...
Nordex has deep discussion with CEMI
Kirkland Lake’s Nordex Explosives announced it has been contacted by the Centre for Excellence in Mining Innovation (CEMI) in Sudbury about the potential to collaborate on deep mining projects.In a news release, the company said the discussions focused on Nordex’s “innovative approached and success...