Mining

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.

Kerr Mines , which recently reached a merger agreement with San Gold , has announced it’s raising $15 million for general operations.

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.

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.

The province announced today it met its campaign promise of establishing a development corporation for the Ring of Fire within 60 days of re-election.

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 closing in on a self-imposed deadline.

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.

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.

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.

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.