May 29, 2012 – Republic of Mining

McEwen comments on uncertainty in Argentina – Canadian Mining Journal (May 28, 2012)

May 29, 2012

The Canadian Mining Journal is Canada’s first mining publication providing information on Canadian mining and exploration trends, technologies, operations, and industry events.

When mining entrepreneur Rob McEwen put US Gold and Minera Andes together to create McEwen Mining he was working on the model that you could take one company that had cash flow and another company that had development projects and create a stronger company.

But what he didn’t foresee, he told investors and analysts on a conference call earlier this week, and apologized for not foreseeing, was that there would be changes in Argentina that would create a lot of uncertainty and put that model at a disadvantage.

McEwen arranged the May 22 conference call to alert shareholders about potential difficulties and delays in repatriating cash flow from McEwen Mining’s 49% stake in the San Jose mine in Argentina, which has been earmarked to fund development of the company’s El Gallo project in Mexico. ( El Gallo is in Mexico’s Sinaloa state, along the foothills of the Sierra Madres, and includes the El Gallo and Palmarito silver deposits and the Magistral gold deposits, all located within a 13 km radius.)

The re-education of Thomas Mulcair [Alberta oil sands] – by Claudia Cattaneo (National Post – May 28, 2012)

May 29, 2012

The National Post is Canada’s second largest national paper.

The re-education of Thomas Mulcair starts this week, when the federal NDP leader is scheduled to visit Alberta’s oil sands after launching a series of offensive attacks on the resource’s place in Canada.

Like thousand of oil sands bashers before him who made the trip to Fort McMurray — from Hollywood celebs such as James Cameron to international politicians and media representatives, Mr. Mulcair will find the view on the ground doesn’t quite match the spin of the environmental extremists who seem to have his ear.

No question, the oil sands are a massive project that is impacting the environment and the communities around it. But to paint them as a Canadian economic and environmental scourge is politically immature — certainly for an aspiring Canadian Prime Minister.

When he visits Alberta Wednesday and Thursday, Mr. Mulcair will also find one of the earth’s most diverse and productive workforces, human ingenuity at its finest, scores of young people in leadership roles, a commitment to technological innovation, enterprising First Nations and a lot of unfilled, well-paying jobs.

Coalition wants [Wolf Lake mining] lease to lapse – by Star Staff (Sudbury Star – May 29, 2012)

May 29, 2012

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

The Wolf Lake Coalition is once again urging the Ministry of Northern Development and Mines to let a mining lease in the Wolf Lake old-growth forest expire Thursday.

In fact, the coalition argued in a release Monday that regulations in the Mining Act would support such a decision, and that to allow exploration would be “shameful.”

“The Mining Act affirms that if the leaseholder is not in production or on the road to production in that lease, it should expire,” the coalition said. “According to public records, very little activity has occurred on this lease for the past 30 years. Not only is this area not in production — it is not remotely close.

“Under our own legislation, this lease should not be renewed.” Flag Resources, a Calgarybased company, holds mining leases in the reserve. The comp a ny’s president, Murdo McLeod, has said in the past there is potential for gold, copper, cobalt and palladium mines in Wolf Lake, where the company has been since the 1980s.

Situation un-bear-able – Timmins Daily Press (May 28, 2012)

May 29, 2012

The Daily Press is the city of Timmins broadsheet newspaper.

Councillor calls for return of spring bear hunt

Northerners are voicing their unbearable stress towards the provincial government’s latest approach to problem bruins. The MNR has dropped responsibilities for nuisance bears on private property. The buck has been passed to Ontario Provincial Police and local police services.

Coun. John Curley is outraged with the recent letter from Natural Resources Deputy Minister David O’Toole. The letter was revealed to Timmins council at Monday night’s regular meeting.

It stated the recent changes came about as part of the Transformation Plan announced in the 2012 Ontario Budget. The plan was a review of how government programs delivered services to Ontarians, which includes eight-year existing Bear Wise program/

In his letter, O’Toole admitted the relocation of black bears was not as effective compared to other MNR bear handling strategies.