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...
Kirkland Lake Gold digs for cash
Kirkland Lake Gold announced June 12 that it intends to raise $7 million through private placement flow-through financing.The company will issue 1,795,000 flow-through common shares at a price of $3.90 per share on a bought deal basis, led by National Bank Financial.The offering is anticipated to c...
Have your say on IAMGOLD’s EA
The Canadian Environmental Assessment Agency is inviting public comment on IAMGOLD’s proposed Côté Gold Mine Project near Gogama in northeastern Ontario.The public can comment on the potential environmental effects of the project and the measures to prevent or mitigate those effects as described in...
New Sudbury mine pegged for 2019 production
KGHM's Victoria Mine, near Sudbury, is expected to be operational by 2019, said Mark Frayne, the company’s manager of project controls.The mine will employ between 150 and 300 people.KGHM has completed timbering at the site, located about two kilometres south of the historic Victoria Mine, which wa...
Vale, stewardship partnership supporting stream rehab
It’s been 15 years since a small group of volunteers decided to take on the rehabilitation of Sudbury’s Junction Creek. What started as a grassroots effort has resulted in a unique partnership with one of the world’s biggest mining companies.Vale has been one of the Junction Creek Stewardship Commi...
CAMESE studies impact of mining supply sector
The Canadian Association of Mining Equipment and Services for Export (CAMESE) has undertaken a study, funded by Ontario's Ministry of Northern Development and Mines, to determine the province's mining supply and service sector's contributions to Canada's gross domestic product.“There have been vari...
Lexam files report on Timmins properties
Lexam VG Gold has filed an NI 43-101 resource report on
SEDAR for its four Timmins-area gold properties. It includes a preliminary
economic assessment (PEA) announced by the company in April.The properties include the Buffalo Ankerite, Fuller,
Paymaster, and Davidson Tisdale Gold Deposits, all l...
Ring of Fire junior goes social media route
Ring of Fire junior miner, KWG Resources, is launching a social media campaign to promote its proposed Ring of Fire Bill to Ontario election candidates and voters.The campaign was launched June 1 and will run until the June 12 election day.It includes an online petition to solicit support for the b...
Detour assay results show promise
from its 2014 exploration drilling program are encouraging, says Detour Gold.The company
extended its initial 8,000-metre drilling program in the Lower Detour Lake
area, 6 kilometres south of the Detour Lake gold mine, to nearly 15,000 metres
as a result of encouraging results and...
Superior Copper initiating drill program
Superior Copper Corp. is undertaking a 25,000-metre drill program at its property near Sault
Ste. Marie. The drilling will start on June 15.The company,
which owns 100 per cent of the project, located 85 kilometres north of the
Sault, will test for iron oxide copper gold deposits as a follow-up ...
SGX completes Timmins acquisition
SGX Resources has
completed an agreement giving it a 100 per cent interest in Timmins-area property.According to a
news release, the agreement, between SGX and Shoreacres Exploration Ltd., dates
from May, 2010. It solidifies the company’s land position around its Edleston
gold deposit located s...
Nordex Explosives updates Western expansion
Nordex Explosives of Kirkland Lake continues to make progress with its Western Canada with its expansion plans.In a May 29 news release, the company reported that during a meeting in mid-May with its proposed joint venture partners in Vancouver, an undisclosed location was chosen for an initial dis...
Temex announces “exceptional” drill results
Temex Resources Corp. is describing results from a recent drill program on its Whitney gold
project in Timmins as “exceptional.”Highlights
include a hole showing 49.53 grams per tonne (g/t) of gold over 6 metres, and
48.09 g/t of gold over 4.50 metres.Temex is
exploring the 2,155-acre property ...
Turnaround artist named K-L Gold’s ops boss
Former Liberty Mines president-CEO Chris Stewart has been appointed Kirkland Lake Gold’s vice-president of operations.In a May 27 release, Stewart is credited with the successful turnaround strategy implemented at Liberty, now Northern Sun Corp., which resolved major environmental and operational i...
Noront interested in Cliffs’ Ring of Fire assets
If Cliffs Natural Resources has any interest in shedding its Ontario chromite properties in the Ring of Fire, Alan Coutts said Noront Resources is, potentially, a willing buyer.The president and CEO of Noront expressed a definite interest in Cliffs’ assets, but cautioned there have been no direct ...
Ring of Fire junior enters the political fray
KWG Resources wants to inject the Ring of Fire into Monday’s provincial leaders’ Northern debate by placing an ad in one of Canada’s largest newspapers.The Toronto-based junior miner is issuing a challenge to the candidates to throw their support behind the creation of a Ring of Fire development co...
Montoro starts First Nations consultation near Elliot Lake
International Montoro Resources has started communication with a trio of Aboriginal
stakeholders before going ahead with mineral exploration on its Pecors property
near Elliot Lake.Montoro has sent
information to Serpent River First Nation, the Métis Nation of Ontario, and
Mississaugi First Nat...
Kirkland Lake gold digger acquires property
Orefinders Resources picked up an additional 1,190 hectares of land along strike from its Mirado gold project near Kirkland Lake.The property, to the northwest of Mirado, increases the Vancouver junior miner’s landholdings by more than 50 per cent to 2,200 hectares.The company said the land pickup ...
Decision on Marathon mine not until mid-2015
Palladium prices will have to stay high over the long haul before Stillwater Mining Company is ready to push the button on its Marathon PGM project.The Montana miner is reworking the economics of its palladium-copper deposit just outside of the town of Marathon on the north shore of Lake Superior.T...
Program urges students into mineral exploration
As a child growing up in China, Ce Shi loved to look at rocks.His geological curiosity led to the study of natural sciences at the University of British Columbia, which gave way to an interest in mineral exploration. This spring, Shi was one of 26 students selected to travel to Northern Ontario to ...
Nickel price to reach huge highs, says mining exec
The price of nickel could reach highs previously seen in 2007, said Mark Selby, president and CEO of Royal Nickel, at a Canadian Institute of Mining event in Sudbury, May 15.Selby expects nickel prices to $15 to $20 per pound by mid-2015.The reason is Indonesia's decision to cease nickel exports in...
Northern interests recognized with mining awards
was well represented at the 2014 awards ceremony hosted by the Canadian Institute of Mining, Metallurgy and Petroleum.The awards annually
recognize the best contributions to the industry in Canada.The John T. Ryan
Safety Trophy went to Barrick Gold for its Williams mine, located...
Premier Gold kicks off EA process on Geraldton project
Premier Gold has started the formal environmental assessment and permitting process at its Hardrock Project near Geraldton.The Thunder Bay junior miner is also some consultants, including mining engineering and construction manager Bertho Caron, to complete a feasibility study of the gold project i...
Detour Gold facing lawsuit
A lawsuit is
being brought against Detour Gold and its former CEO, Gerald Panneton.On May 13, a
lawsuit was filed claiming, among other things, special and general damages in
the amount of $80 million, in relation to the company's public disclosure
concerning its Detour Lake Mine operations.In ...
Ring of Fire miner ups the chromite count
Ring of Fire junior player KWG Resources reports its Black Horse chromite deposit contains 77.9 million tonnes of inferred resources.The company received an updated geological report and resource calculation from its consultants based on results from its winter drill campaign in the James Bay regio...
Export seminar set for the Sault
A seminar to help mining supply and services companies explore
export opportunities will be held in Sault Ste. Marie on June 5. The seminar is
an initiative of the Mining Supply and Services Export Assistance Program.Speakers will include:-Mel Sauve, president of Global Growth, who will discuss
Sudbury ground collapse results in two fatalities
employed by Taurus Drilling are dead following a fall of ground at First
Nickel’s Lockerby Mine in Sudbury.The deceased are Marc
Methe, 34, and Norm Bissaillon, 49, both drillers with the company.The incident
occurred on Tuesday morning after the occurrence of seismic activity, acco...