QIO to Restart Bloom Lake

Quebec Iron Ore (QIO) has confirmed the March 2018 restart of the Bloom Lake iron ore mine located near Fermont, Quebec. After acquiring Bloom Lake in April 2016, QIO secured the necessary funding and has been upgrading and optimizing the facilities, procuring off-take partners and forming mutually beneficial alliances with the host community. QIO is also proud to announce it is in the process of swiftly hiring more than 450 people to restart Bloom Lake

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McArthur River Idles Uranium Production

Due to continued uranium price weakness, Cameco announced that production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan will be temporarily suspended by the end of January.

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Falco Agrees to Purchase Sandvik Mining Fleet

Falco Resources has signed an agreement to purchase the underground mining fleet for its Horne 5 project in Rouyn-Noranda, Québec, from Sandvik Mining and Rock Technology, Val d’Or, Québec. “The purchase of the mining fleet brings the Horne 5 project one step closer to production,” said Falco President and CEO Luc Lessard. “Through this agreement, we were able to secure favorable pricing and terms and have managed to further de-risk the project.

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Suncor Lowers Capital Spending, Increases Production

Suncor released its 2018 corporate guidance that includes a capital program of between C$4.5 billion and C$5 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year-over-year production increase of more than 10% and a capital spending reduction of approximately C$750 million.

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PEA Supports Development of New Brunswick Project

Trevali Mining has reported the results of a preliminary economic assessment (PEA) that considers concurrent development of the company’s Halfmile and Stratmat massive sulphide zinc-lead-silver deposits in the Bathurst mining camp of New Brunswick, Canada. The PEA includes two options: a new concentrator complex at the Stratmat site to treat production from both mining operations and development of the mines to provide feed to Trevali’s Caribou mining complex, also in the Bathurst camp, after the exhaustion of the Caribou underground resource.

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McEwen Mining Receives Key Permit for Gold Bar

In early November, McEwen Mining Inc. said it received a signed Record of Decision (RoD) on the Final Environmental Impact Statement (EIS) for the Gold Bar project in Eureka County, Nevada, and that construction would begin immediately. Gold Bar would be the first new gold mine in Nevada to gain permit approval in several years.

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