Mining

Shareholders of Greenshield Resources Inc. are expected to huddle in Toronto Sept. 12 to grant approval for a new mining exploration project on the Swayze Greenstone Belt, 100 kilometres southwest of Timmins.

URSA Major Minerals Inc., a Toronto mining firm, has staked additional claims in the Sudbury area, hiking their number of mining claims to 308.

Sandvik Tamrock Canada donated a 20-tonne load haul dumper to the Timmins Underground Gold Mine Tour as a permanent display. The diesel-hydraulic machine is used underground to remove broken up ore after blasting.

Contract talks for the 680 workers at Falconbridge's metallurgical site in Timmins were to begin the third week of August. Canadian Auto Workers Local 599, whose three-year contract expires Sept. 30, was to exchange proposals with the company by Aug.

The future of the Canmine refinery in Cobalt remains unclear as the parent company restructures its financial obligations under the Companies Creditors Arrangement Act. The corporation has retained the Beacon Group of Toronto to act as advisers.

Falconbridge Ltd. has been facing soaring electricity prices during the warm summer, while independent electricity market operators have been making pleas to the public to reduce hydro consumption.

By Ian Ross In what is being heralded as a revival of the mining industry in Kirkland Lake, Foxpoint Resources Ltd.

By Ian Ross The community that bills itself as ‘Ontario’s most historic town’ now has a national designation to prove it.

The potential development of Ontario’s first diamond mine was put on hold in July. In a surprise move, the Attawapiskat First Nations community told De Beers Canada Corp. it had decided to suspend its consultation process with De Beers.

Low gold prices have some mining companies aiming to lower costs per ounce of gold through mergers. A recent acquisition of Homestake Mining Co. by Barrick Gold Corp.