Mining

A Quebec Superior Court has granted approval by Noront Resources to finalize its acquisition of the Ring of Fire chromite properties from Cliffs Naturals Resources for a new purchase price of US $27.5 million.

Anthony Makuch, CEO, Lake Shore Gold, has achieved TopGun status as a turnaround CEO according to Brendan Wood International (BWI), a global performance advisor.

The chiefs of Marten Falls and Aroland First Nations said the sale of Cliffs Natural Resources’ chromite properties in the Ring of Fire to Noront Resources was not a fair one.

Teck Resources Inc. has started exploration work on Explor Resources ’ Timmins Porcupine West property. Teck has the option of earning up to a 70 per cent interest on the property from Explor.

There wasn’t a billion-dollar Ring of Fire payday for Ontario in the April 21 federal budget, but Ottawa is willing to fund some of the technological challenges, exploration know-how and training requirements to support the idled Far North mineral pl

Richmont Mines reports quarterly gold production at its mines in Northern Ontario and Quebec is up 23 per cent over the same period last year.

Paul Semple, a 30-year mining industry veteran and chief operating officer of Noront Resources, died on April 15.

The City of Greater Sudbury Council and the Greater Sudbury Development Corporation approved $1 million in funding for the Centre for Excellence in Mining Innovation (CEMI) Commercialization Attainment Program.

Rubicon Minerals reports its Phoenix Gold project in Red Lake remains on schedule to start production by mid-2015.

Ontario is accepting and vowing to act on the 18 recommendations that come from the province's Mining Health, Safety and Prevention Advisory Group's final report, released this morning.