Mining

A major Sudbury mining manufacturer has been sold to an international mining company from Milwaukee. Joy Global Inc. announced its acquisition of Mining Technologies International (MTI) for $51 million.

Sudbury ’s Transition Metals has closed a private placement financing of more than $2 million. The April 16 announcement comes days after earlier financing news of a $1.5-million investment by Royal Nickel Corp.

Montreal’s Osisko Mining announced April 16 that it has reached an agreement with Yamana Gold and Agnico Eagle to jointly buy all Osisko's issued and outstanding common shares for $3.9-billion or $8.15 a share.

Richmont Mines wants to snatch up graduates of Northern College’s underground hard rock miner common core program.

The Ontario Prospectors Association presented the Bernie Schnieders Discovery of the Year Award to Transition Metals and Impala Platinum Holdings.

Richard Nemis, the founder of Noront Resources, is joining Goldeye Explorations on its technical and advisory board.

KWG Resources is congratulating the Wynne government for keeping the Ontario Northland Railway (ONR) in public hands.

The Greater Sudbury Police Service have announced that 36-year-old Paul Rochette of Sudbury was the Vale employee killed in an incident at the company’s Copper Cliff operations, April 6. A second worker was seriously injured and remains in hospital.

A worker at Vale’s Sudbury operation is dead and another is seriously injured after an April 6 mining accident.

The province was “blinded” by Cliffs Natural Resources' promises to invest in the Ring of Fire to the detriment of the project's development, said Moe Lavigne, KWG Resources' vice-president of exploration and development.