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Mining

Gravelle mum on Ring of Fire development corporation

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 closing in on a self-imposed deadline.
Feds don't commit to $1 billion for Ring of Fire

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.
Cast Resources files for bankruptcy

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.
Is the Ring of Fire dev corp a go?

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.

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.
Kerr Mines and San Gold agree to merge

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.
Northwest mining cluster group still in the cards

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.
Golden parachute for Cliffs boss

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.

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 Ring of Fire court follies continue

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.