Mining

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.