Newmont’s Hope Bay nears construction decision
When you’re 685 km northeast of Yellowknife, or 160 km above the Arctic Circle, just about everything costs more than it does down south.
Canada
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
Western Potash passes another milestone
Western Potash (WPX-T) has put a spotlight on its Milestone potash project in Saskatchewan with a positive prefeasibility study (PFS) estimating annual production at 2.8 million tonnes for at least 40 years. This has some analysts speculating…
Letter to the editor: New Prosperity plan is environmentally sound: Taseko CEO
I read the editorial submission of Chief Marilyn Baptiste, of the Xeni Gwet’in band of the Tsilhqot’in National Government, in last week’s issue (TNM, Nov. 7-13, 2011). It purported to list eight reasons why Taseko Mines’ resubmitted…
Potash Corp. reports a solid Q3
Potash Corp. of Saskatchewan (POT-T, POT-N) has more than doubled its third-quarter profits compared to one year earlier, on the back of rising demand for fertilizer products despite global economic concerns.
Argex completes PEA on titanium dioxide project
The economic viability of Argex Mining’s (RGX-V) La Blache titanium dioxide project in Quebec has now received validation with the results of a preliminary economic assessment (PEA), the company says.
Auriga looks to put Maverick back in the saddle
Auriga Gold (AIA-V) is looking to reanimate the Maverick Gold project 65 km northeast of Flin Flon, Manitoba.
Peregrine preps Chidliak for bulk sampling
The year 2010 would have been tough for Peregrine Diamonds (PGD-T) to top, even in the best of markets. The company made 34 new kimberlite discoveries at its 49%-owned Chidliak…
Northern Iron makes a splash
If recent drill results and an historic resource estimate are any indication, Northern Iron Corp (NFE-V, N8I-F) could turn some heads when it releases an initial resource estimate on its Karas property in the Red Lake mining district before the…
Rainy River PEA outlines 329,000-oz.-per-year gold mine
Rainy River Resources (RR-T) has a positive preliminary economic assessment for its flagship Rainy River gold project (RRGP) in Northwestern Ontario. In a combined open-pit and underground operation, the Rainy River project could produce…
Arianne’s Lac–Paul among the ‘next generation’ of phosphate rock mines
A prefeasibility study for Arianne Resources’ (DAN-V) Lac-à-Paul phosphate-titanium project in south-eastern Quebec has placed the project “among the most attractive of the next generation of phosphate rock mines,” according to Bernard…
Commentary: Traversing the Far North’s legal landscape
Mining companies investing for the first time in Canada’s Far North may find the experience unlike any other. This holds true not only for foreign corporations, but also for companies familiar with mining in Southern Canada.