World News - U.S. & Canada May 2017

PSC: Rocanville Ramp-up Well Underway

PotashCorp of Saskatchewan (PCS) said that its potash portfolio optimization and cost reduction strategy, which includes the ramp-up of its low-cost Rocanville mine, contributed to its strong first-quarter results. “Potash market fundamentals continued to improve in the first quarter,” said Jochen Tilk, president and CEO, PCS. “We expect improved consumption trends and nutrient affordability in key markets to support potash demand and our results through the remainder of 2017. We are well into our Canpotex allocation audit process at Rocanville and anticipate our sales entitlement will increase for the second half of the year.”
Tilk said the company is also making good progress on its merger of equals with Agrium. “We continue to work through the regulatory process in key jurisdictions and remain confident the transaction will close mid-2017,” Tilk said.

Read the Whole Article in our Digital Edition


ERP Named Stalking Horse Bidder for Mountain Pass

ERP Strategic Minerals has been selected as the stalking horse bidder by the Chapter 11 trustee for Molycorp Minerals and entered into an asset purchase agreement with the trustee to purchase substantially all the assets and the related surface property rights at the Mountain Pass rare earth minerals mine.

Located in San Bernardino County, California, approximately 50 miles south of Las Vegas, Nevada, Mountain Pass is the only mine and processing facility for rare earths minerals in the United States. The mine has an operating history dating back to the 1950s and was most recently placed on care and maintenance after it filed for Chapter 11 bankruptcy protection in 2015.

If ERP is successful in purchasing the Mountain Pass mine through the bankruptcy sale process, the company said it will work collaboratively with San Bernardino County, the California state agencies and other regulatory stakeholders to complete the necessary technical studies and restart plan to return the mine to sustainable operations. Recognizing the Mountain Pass mine as a strategic US mining asset, ERP said it intends to manage its operations as a long-term sustainable business based on high environmental standards.

Read the Whole Article in our Digital Edition


Imperial Becomes Sole Owner of Huckleberry

Huckleberry Mines Ltd. has exercised its right of first refusal to purchase for cancellation all the shares of Huckleberry held by a syndicate comprised of Mitsubishi Materials Corp., Dowa Metals & Mining Co., Ltd., and Furukawa Co., Ltd., in exchange for cash consideration of $2 million. The transaction is expected to close during April and will result in Imperial Metals Corp. holding 100% of the shares of Huckleberry through HML Mining Inc., a wholly owned subsidiary of Imperial.

Read the Whole Article in our Digital Edition


Victoria Gold Nearing Construction Start at Eagle Gold Project in Yukon

Victoria Gold has awarded JDS Energy & Mining in partnership with Hatch the EPCM contact for its Eagle open-pit, heap leach gold project in central Yukon, Canada. Initial work is directed toward advancing engineering to enable a start to site construction activities.

Victoria has also entered into an exclusive agreement with Finning (Canada) for the supply a fleet of Caterpillar mining equipment for the Eagle project, including two 6040 FS hydraulic shovels, eleven 150-ton-capacity 785D off-highway trucks, and various auxiliary mining equipment. The total cost of the new fleet will be approximately $50 million. Delivery is expected between late 2017 and the third quarter of 2018.

Read the Whole Article in our Digital Edition


South32 Earning Into Trilogy’s Alaska Assets

Trilogy Metals has signed an agreement with South32 Ltd. that grants South32 an option to form a 50:50 joint venture with respect to Trilogy’s assets in the Ambler mining district in northwest Alaska. South32 must contribute a minimum of $10 million each year for a maximum of three years to keep the option in good standing and may exercise its option at any time to form the 50:50 joint venture. To subscribe for 50% of the joint venture, South32 must contribute a minimum of $150 million, plus any amounts Trilogy spends at the Arctic project over the next three years to a maximum of $5 million per year, less an amount of the initial funding contributed by South32.

Read the Whole Article in our Digital Edition

 

U.S. & Canada - April 2017

Newest Canadian Diamond Mine Reaches Commercial Production

Gahcho Kué, the world’s largest new diamond mine in the last 13 years, officially began commercial production on March 2. The mine, a joint venture with De Beers Group (51%) and Mountain Province Diamonds (49%), is expected to produce approximately 54 million carats of rough diamonds over its lifetime.

Production ramp up began on August 1 and the official opening ceremony took place on September 20.

Read the Whole Article in our Digital Edition



Strike Continues at Lucky Friday Silver Mine

As this edition goes to press, miners remained on strike at Hecla Mining’s Lucky Friday mine located in the Coeur d’Alene Mining District in northern Idaho. The United Steelworkers (USW) Union Local 5114 voted to initially go on strike on March 12.

The previous six-year contract between Hecla Mining Co. and the United Steel Workers expired in April 2016. Previously, both sides were negotiating with the help of a federal mediator, but they reached an impasse during February. Hecla has reportedly proposed changes to miners’ healthcare, scheduling and bonus pay.

Read the Whole Article in our Digital Edition


AuRico Recieves Approval for Kemess Underground

AuRico Metals reported that the Canadian Environmental Assessment Agency (CEAA) has issued a positive decision statement and that the British Columbia Environmental Assessment Office (EAO) has granted an Environmental Assessment Certificate for its Kemess underground project. The project still requires a number of additional licenses and permits, which are expected to be granted in early 2018.

Read the Whole Article in our Digital Edition


IDM Expands Underground Drilling at Red Mountain

IDM Mining Ltd. has mobilized crews to its Red Mountain project near Stewart, British Columbia, to initiate its spring 2017 Phase I underground drilling program.
The objective of the Phase I program is to expand mineralization to the north of the JW zone, following up on wide and high-grade historic intercepts. Additionally, drilling will step-out both up-dip and down-dip from the AV and JW zones, where mineralization can be traced for hundreds of meters from 2016 and historic drill intercepts, often with stacked, gently dipping mineralized zones. Phase I will consist of 8,000 meters (m) of core drilling in approximately 35 holes, using two underground diamond drills, collared from the production-sized underground decline.

Read the Whole Article in our Digital Edition


Newmont Secures Rights to Explore New Yukon District

Newmont Mining announced an agreement to access and explore a highly prospective gold district in Canada’s Yukon Territory through a private placement with Goldstrike Resources. The agreement entitles Newmont to earn up to 80% equity in the Plateau property through exploration investment. The Plateau property is a newly discovered gold system consisting of more than 2,000 claims covering 350 km2. Initial drill results are promising and high-grade gold mineralization has been identified over a 50-km strike length.

Read the Whole Article in our Digital Edition



IOC Developing Wabush 3 Open Pit

Iron Ore Co. of Canada (IOC) is proceeding with the development of the Wabush 3 pit at its mining operations near Labrador City, Newfoundland and Labrador. IOC is a joint venture between Rio Tinto (58.7%), Mitsubishi (26.2%) and Labrador Iron Ore Royalty Income Corp. (15.1%). Rio Tinto is the manager. Investment in the Wabush 3 project is budgeted at C$79 million.

Read the Whole Article in our Digital Edition

 

U.S & Canada - March 2017

Trevali Buying New Mining Fleet for its Caribou Mine

Trevali Mining is transitioning to an owner-operation at its underground Caribou zinc mine in northeastern New Brunswick, Canada, and is supporting the transition by purchasing a new underground mining fleet. The company has committed to an approximately C$20 million investment through a partnership with Sandvik Mining for supply and maintenance of a full fleet of mining equipment for the mine. Trevali will operate and manage all aspects of the underground mining operation, while Sandvik will be responsible for fleet maintenance.

USC-Trevali.jpg

Trevali will rely on Sandvik Mining to maintain underground mining equipment.

During 2017, equipment that will be procured and commissioned on-site include two model DD 321 two-boom drill jumbos; five model LH 514 8-yd LHDs; seven model TH 540 40-metric-ton (mt) haul trucks; one model DL 421 long-hole production drill; and one model DS 421 cable bolter/backup long-hole drill.

Additional equipment being sourced for the mine includes a grader, a new underground light-vehicle fleet, and a combination of new and used underground ancillary equipment.

Read the Whole Article in our Digital Edition

 


Iamgold Eying Major New Mine in Northern Ontario

Iamgold has reported positive results from a preliminary economic assessment (PEA) of its Côté open-pit gold project in the Sudbury district of Ontario, while at the same time reporting that the project has received federal and provincial approvals for the project’s environmental assessments.

Read the Whole Article in our Digital Edition


Seabridge to Acquire Snowstorm Project

Seabridge Gold has agreed to purchase a 100% interest in the Snowstorm project from Paulson Gold Holdings LP. The Snowstorm project consists of 31 square miles of land holdings strategically located at the projected intersection of three gold trends in northern Nevada: the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone. 

Read the Whole Article in our Digital Edition


Suncor Offers Update on Fort Hills

The Fort Hills project was more than 76% complete at the end of the fourth quarter of 2016, Suncor reported, with the remaining work to be based at the site. Activity included completion of the secondary extraction module program. Construction in secondary extraction and utilities has achieved peak activity and continues to focus on productivity and achieving critical milestones. Early-works sustaining activities that will support the execution of the mine and tailings plan following the commencement of production also continued in the fourth quarter.

Read the Whole Article in our Digital Edition


Zinc One to Acquire Forrester Metals

Zinc One Resources Inc. and Forrester Metals Inc. announced they have entered into an agreement where Zinc One will acquire all of the issued and outstanding common shares of Forrester and complete a private placement financing of $10 million.

Read the Whole Article in our Digital Edition


Highland Launches Drilling Program at Copperwood

Highland Copper Co. initiated a drilling program at its Copperwood project in the Upper Peninsula of Michigan, U.S. This program is designed to upgrade the current inferred resources at the eastern section of the Copperwood copper-silver deposit, obtain metallurgical samples and carry out further geotechnical studies to refine a mining plan.

Read the Whole Article in our Digital Edition

 

U.S. & CANADA - JANUARY 2017

Copper North Re-engineers its Carmacks Project • Canadian Zinc and Buchans Consider Centralized Concentrator

Read more ...

Resource Center Whitepapers, Videos, Case Studies

Let's stay in touch!

All of the latest mining news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.