Mining

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.

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.

Mining supply and service companies in the northwest want to take baby steps toward forming an industry cluster group.

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.

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.