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AngloGold Ashanti to buy Coeur Mining’s projects in Nevada for $150 million
South Africa’s AngloGold Ashanti (NYSE: AU) (JSE: ANG) is expanding its footprint in Nevada, US, with the acquisition of Coeur Mining’s (NYSE: CDE) subsidiary for $150 million cash. The unit, Crown Sterling Inc, holds properties in Nevada immediately south of AngloGold’s assets and they are estimated to hold 914,000 ounces of gold. The...
Former Sudbury Vale executive resigns from Trevali Mining after mine flood disaster
Ricus Grimbeek, the former head of Vale’s Sudbury operations, has stepped down as president and CEO of Trevali Mining months after a fatal flash flooding accident at its mine in Burkina Faso last spring. Grimbeek’s resignation was announced Sept. 16 by the Vancouver-based zinc and lead mining company, now under creditor protection and...
Lacklustre interest among youth a big problem for mining
As a career choice, mining has seen better times. Over the last several years, the focus of young people has drifted away from mining as they contemplate their careers and enter post-secondary education. Mining, in fact, ranked last in a list of nine career sectors in an Abacus Data poll...
Hire marketing experts with your member discount
My name is Jamie Dallaire. You may have heard of my name through some of the latest posts promoting the new website launch for MineConnect. I am the project manager for Detail Media & Communications, and I’ve come with more good news… especially if you are looking to up your...
Temiskaming plant ready to process silver
Canada Silver Cobalt Works announced that its Temiskaming Testing Labs (TTL) in the town of Cobalt is fully operational and ready for processing mineralized material into silver dore bars. The B.C.-based company is billing the rebuilt mineral processing facility as a zero discharge plant. Upgrades have been made to the second...
Electric vehicles could be Canada’s new economic engine — report
The US’s new electric vehicle tax credit requiring that EVs and their batteries be made in North America puts Canada’s EV battery supply chain is in the spotlight. A domestic EV battery supply chain could support up to 250,000 jobs by 2030 and add C$48 billion to the Canadian economy...
Ontario forms pact with Stellantis, indigenous groups on EV push
Ontario’s government is creating an economic advisory group with representatives from Stellantis NV and three indigenous groups to try to advance billions of dollars of investment in clean energy and infrastructure projects. The governments of Canada and Ontario have provided financial support to a raft of electric vehicle initiatives to...
MineConnect Members Takeover the CEN-CAN EXPO in Thunder Bay
Central Canada Resource Expo is a gathering place for all those who thrive in the business of resources (Mining, Forestry and Energy). The expo showcases the latest in resource technologies, expands the discussion of sustainable development with industry leaders and provides a forum that fosters economic regional growth. The Expo...
Temiskaming cobalt, nickel refinery will be an $800M venture
The price tag to build a Temiskaming battery materials industrial park will be in the neighbourhood of $720 million to $850 million. Electra Battery Materials announced the results of a scoping study this week that crunched the economic numbers of the proposed development situated between the town of Cobalt and Temiskaming...
First Mining ups gold resources at Duparquet in Quebec
First Mining Gold has released a new resource estimate for the Duparquet gold project located in the Abitibi region of Quebec. The estimate was prepared by InnovExplo in accordance with the NI 43-101 standards, and is an update to its previous estimate from June 2013. The resource encompasses drill data...
Marathon Gold raises $114m to fund Valentine mine construction
Marathon Gold has entered an agreement with a syndicate of underwriters led by Canaccord Genuity to purchase, on a bought deal basis, approximately 136.4 million units of the company priced at C$1.10 per unit for gross proceeds of C$150 million ($114m). The underwriters also have an option to buy additional...
Ask the Expert: Making the most of the NEW MineConnect.com
After several months of tweaking and re-tweaking, we recently launched a new and improved version of MineConnect.com. Based on input from you, our members, we have made a number of changes including an enhanced search function, additional sub-sector options, an event calendar, streamlined member portal functions including real-time analytics, more...
Vale sees 44% increase in global nickel demand by 2030
Brazilian mining company Vale said on Wednesday that global demand for nickel should increase 44% by 2030 compared to that expected for this year, due to high demand for use in batteries that power electric vehicles. “Demand for nickel is forecast to increase rapidly this decade with the energy transition,”...
Skeena feasibility forecasts robust returns for Eskay Creek gold-silver development in BC
The release of a feasibility study brings Skeena Resources (TSX: SKE, NYSE: SKE) is one step closer to resuming production at its high-grade Eskay Creek gold-silver project in British Columbia’s Golden Triangle. The feasibility study forecasts an after-tax net present value of C$1.4 billion ($1.07bn) at a base case of...
Denison reports expanded uranium mineralization at McClean Lake South
Denison Mines has reported encouraging assays from drilling completed during winter 2022 at the McClean Lake property, which have resulted in a significant expansion of the high-grade uranium mineralization discovered in April 2021. McClean Lake is a joint venture project (known as MLJV) owned 22.5% by Denison. The 2022 diamond...
Matheson-area gold deposits show 24 years of mine life
A Toronto mine builder is introducing the next gold mine for the Timmins camp. Moneta Gold is putting a 24-year mine life on its Tower Gold Project, located near Matheson, after releasing a positive preliminary economic assessment (PEA) on Sept. 7. In its news release, the company said Tower Gold offers...
Cementation Toastmasters Flag Raising
The Cementation Toastmasters Club invites members of the media and selected Toastmasters guests to a flag raising ceremony. Mr. Dennis Martin, a founding member of the club will raise the Toastmasters flag at the Cementation Canada Inc. Head Office to celebrate the Cementation Toastmasters Club’s achievement of President’s Distinguished Status...
McEwen, Rio Tinto to jointly develop copper project in Nevada
McEwen Copper, a subsidiary of McEwen Mining (NYSE, TSX: MUX), has inked a deal with Rio Tinto (ASX, LON: RIO) that gives the global miner an option to become a majority joint venture partner in the Elder Creek project, in Nevada. To exercise the option, Rio’s subsidiary Kennecott Exploration would have to invest $18...
The pandemic has caused a government hiring binge, says Fraser Institute
Why are many Canadian employers scrambling to fill tens of thousands of jobs? A new study by the Fraser Institute sheds some light on one reason why. A just-released report by the Canadian public policy think-tank said the government sector accounted for 86.7 per cent of all new jobs in...
MTechHub Virtual Event: Ontario Smart Factory Accelerator (Recording)
Missed MTechub’s virtual event last thursday? Here’s a link to the recorded event presentation about the MTechHub – Ontario Smart Factory Accelerator Program: https://us06web.zoom.us/rec/share/KZrczmG7uA2D_G-jNyMK-XWMvUqsMIgKama4JQLtqtOW-GhIPr6rOwstwRJgpStU.fFl2nYf-urzOg2bi DRIVING GROWTH WITH A SMART FACTORY We know smaller manufacturers have limited budgets and resources to adopt IoT and Industry 4.0 technologies. But revenue growth is...
Company plans to mine Kenora-area nickel deposit in three years
A Toronto exploration company is projecting it will begin mining its Kenbridge Nickel Project, south of Kenora, in three years. Tartisan Nickel made that statement in a recent news release as it enters the second phase of an environmental baseline study at the project site, 70 kilometres southeast of Kenora and...
PG Creative Still Passionate After 35 Years
From traditional concept and artwork preparation (think Madmen) to the introduction of Desktop Publishing. From film-based to digital photography and video, and oh yeah, the internet. Amongst the paradigm shifts, the one thing we have always known is that what resonates with people will never change. Understand your clients’ pain...
Northern Ontario Mining Showcase staking more exhibitor space at Montreal industry expo
The wildly successful Northern Ontario Mining Showcase will be enlarging its presence at one of Canada’s premier natural resources shows. The City of Temiskaming Shores-led industry road show is receiving $412,000 from FedNor to almost triple the size of its footprint at the 2023 Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) Convention...
Covergalls Debuts First Recycled High Visibility Tee
Covergalls Inc. announced today the launch of their first ever recycled high visibility t-shirt. The new apparel was created in collaboration with Waste2Wear, a company that makes fabrics out of recycled plastic bottles. The announcement marks Covergalls Inc.’s deepening connection to sustainable workwear, as the t-shirt promises to be the...
Maestro Digital Mine Appoints Chief Operating Officer
Maestro Digital Mine announced that Jahanzeb Sohail has been appointed Chief Operating Officer of the Company effective today. In his new role, Mr. Sohail will oversee engineering, operations, logistics, information technology and sourcing, and lead the Company’s undertaking to improve efficiency and quality across the organization. Originally from Pakistan, the...
