Archive | Ontario Mining

Ontario Labour minister touts mining changes – by Ben Leeson (Sudbury Star – January 13, 2017)

http://www.thesudburystar.com/

Ontario launched a mining health and safety review in the wake of tragedy, but provincial labour minister Kevin Flynn had a good-news story to tell during his stop in Sudbury on Thursday. Flynn visited the Nickel City to mark the implementation of new requirements to improve health and safety of workers in mines, which became effective on Jan. 1.

“Today was really an announcement of what we have been able to accomplish so far and we’re seeing the fruits of what was done in the mining review a few years back, when everybody had a sense of optimism, like ‘It looks like we’ve done a good job here; let’s start implementing the recommendations,’ ” Flynn, the MPP for Oakville, said on Thursday afternoon, shortly before speaking at a Greater Sudbury Chamber of Commerce lunch.

New requirements the minister highlighted on Thursday include: Continue Reading →

Back to the drawing board: Rubicon outlines its Red Lake exploration program – by Ian Ross (Northern Ontario Business – January 10, 2017)

https://www.northernontariobusiness.com/

New management at Rubicon Minerals promise a more thorough, responsible and transparent approach toward getting its shuttered Phoenix Gold Project back on track. The would-be Red Lake miner provided the details on its exploration plans over the next two years on Jan. 10.

“We have finalized the details of our 18- to 24-month exploration program that will advance our understanding of the F2 Gold Deposit at the Phoenix Gold Project,” said Rubicon president-CEO George Ogilvie in a news release.

Coming out of creditor protection and refinancing, Rubicon is out to restore investor confidence and attempt to shake off its reputation as one of Northern Ontario’s biggest mining blunders. Continue Reading →

Drones reaching new heights, and depths – by Ben Leeson (Sudbury Star – January 10, 2017)

http://www.thesudburystar.com/

Mention drones, and imaginations float skyward to everything from aerial photography to package deliveries to weapons of war. But it was after a job underground two years ago that Pierre Filiatreault and his colleagues at Hatch in Sudbury began to see the true potential of drones, or unmanned aerial vehicles (UAVs).

“There was a local client that had an ore pass that was clogged underground,” said Filiatreault, who specializes in control automation and electrical, and serves as Hatch’s resident UAV expert.

“It’s very dangerous and there has been a few incidents locally where it has caused deaths, so the idea was to grab a drone and fly it up an ore pass so we could determine the height and capture some images of what the blockage looks like, so we could feed that to operations and they could make better decisions, all while doing it relatively safely and not putting anyone at harm. Continue Reading →

Industry and indigenous communities let the sun in on the shared problem of diesel – by Sunny Freeman (Financial Post – January 7, 2017)

http://business.financialpost.com/

One of Chris Angeconeb’s first jobs was documenting diesel spills near schools, health clinics and airports on northwestern Ontario reserves for his Lac Seul First Nation.

Today, 25 years later, as vice-president of junior miner AurCrest Gold Inc., he’s trying to forge bonds between his company and nearby indigenous communities over a shared goal: ending their reliance on diesel.

Using diesel energy means companies and residents alike are susceptible to blackouts due to shortages as well as hazardous leaks and spills. The lack of reliability, volatile pricing and cost of hauling the fuel, often via ice roads or planes, in addition to the increasing viability of alternatives, has made getting off diesel a priority for both miners and remote communities. Continue Reading →

Tahoe goes deep in Timmins – by Staff (Northern Ontario Business – January 6, 2017)

https://www.northernontariobusiness.com/

Tahoe Resources is rolling up its sleeves this year to expand and deepen the Bell Creek Mine in Timmins. The Vancouver miner announced its 2017 financial and operating guidance on Jan. 5.

Project capital expenditures this year will be between $150 million to $175 million, the two largest projects being the shaft deepening at Bell Creek, along with the construction of a crushing and agglomeration plant in Peru.

Tahoe acquired the former Lake Shore Gold in a $945-million deal last year, adding the Timmins West and Bell Creek gold mines in Timmins to Tahoe’s stable of operations in Guatemala and Peru. Continue Reading →

Restructuring the shaft of shame: Rubicon Minerals aims to start anew in 2017 – by Staff (Northern Ontario Business – December 20, 2016)

https://www.northernontariobusiness.com/

An Ontario court has approved a restructuring plan to revive a shuttered gold mine development in northwestern Ontario.

Rubicon Minerals was granted a sanction order from the Ontario Superior Court of Justice, Dec. 8, to approve the Toronto-based mine developer’s refinancing and restructuring plan for its Phoenix Gold project near Red Lake. The company sought protection from its creditors on Oct. 20. Ernst & Young was appointed as the monitor.

A majority of the affected creditors had earlier voted to approve the plan on Dec. 2. Rubicon announced Dec. 20 that the restructuring process was complete and that the company has been notified by the TSX that its common shares will remain listed on the TSX under the symbol RMX. Rubicon shares will resume trading on Dec. 22. Continue Reading →

Ottawa cools to Ring of Fire’s potential – by Rachelle Younglai (Globe and Mail – December 21, 2016)

http://www.theglobeandmail.com/

Ottawa has been throwing cold water on the Ring of Fire, a mineral deposit in Northern Ontario that was once thought to be worth more than $60-billion.

Since the federal Liberal Party came to power last year, the government has stonewalled requests to pay for infrastructure, lowered expectations for development and slashed its valuation for the deposit, according to internal Department of Natural Resources documents obtained by The Globe and Mail.

The skepticism among federal ranks has proven to be another barrier to mining the 5,000-square-kilometre crescent of mostly chromite in the boggy James Bay lowlands and boreal forest. Development of the Ring was already facing significant challenges: No permanent road access, no power, environmental concerns, a prolonged commodities slump and scores of unresolved issues with the nine First Nations groups that live in the region. Continue Reading →

A “New” Gold Camp in the Making? – by Christopher Ecclestone (InvestorIntel.com – December 14, 2016)

http://investorintel.com/

One seldom gets to name a planet or star, a new species of plant or animal, a street or a town. In the mining world new mining camps are relatively rare phenomena too so getting to name a “new” mining camp is something of an honour.

Indeed it could be like a staking rush if anyone was actually noticing that an area with great potential is developing and remains unnamed as yet. However, that begs the question as to at what point a couple of disparate prospects and projects start to crystallise into a new district.

If Signature Resources Ltd.’s (TSXV: SGU | OTCQB: SGGTF) Lingman Lake project was alone out there in the Ontario/Manitoba borderlands or if it was solely greenfield then naming the area the “Red Sucker Lake Camp” would be jumping the gun but in fact its property was mined in the 1940s, made a false start at resumed production in the 1990s, and now the sizeable Monument Bay project in the hands of Yamana is making the area almost crowded (we jest) in comparison to recent decades. Continue Reading →

[Sudbury Basin] Norman West find ‘promising’ – Glencore – by Mary Katherine Keown (Sudbury Star – December 15, 2016)

http://www.thesudburystar.com/

Norman West, located north of Capreol, is Glencore’s current pearl in the oyster in the Sudbury area, city councillors were told Tuesday.

“We got a pretty significant hit there last year and we’ve been following up ever since, and it’s looking more promising by the day,” said Peter Xavier, vice president of Sudbury Integrated Nickel Operations. “There’s still quite a bit of drilling to do from surface before we get to the next step.”

While the local operations are solid, Xavier did point out a few challenges the company faces. For example, low nickel prices and high hydro costs, as well as regulatory uncertainty around climate change and emissions can cause headaches. Continue Reading →

Holloway Mine in Matheson suspending operations – by Joe O’Grady (Kirkland Lake Northern News – December 13, 2016)

http://www.timminspress.com/

BLACK RIVER-MATHESON – While a significant amount of mining activity continues in the Matheson area, the Holloway Mine will no longer be part of it, at least for now. Owner Kirkland Lake Gold has announced the 10-year-old mine is transitioning to care and maintenance, which means operations will cease, but the site will be maintained for possible future re-opening.

The company, in a release, says the majority of the employees at Holloway Mine will be reassigned to nearby Kirkland Lake operations. By doing this, the company says it will effectively be replacing external contractors. As well, Kirkland Lake Gold will continue to conduct surface exploration drilling programs in 2017, which will progressively step further west of the Holloway shaft, an area that is historically under explored.

Further to the west of the Holloway Mine Kirkland Lake Gold is drilling the Lightval and drilling is planned for the Harker West target, as the company explores for another Lightning Zone style mineralization area. Continue Reading →

Glencore digging deep to stay in Sudbury: VP – by Darren MacDonald (Sudbury Northern Life – December 13, 2016)

https://www.sudbury.com/

With Nickel Rim expected to close in 2021, company is working on developing deeper mines

Glencore is working hard to develop new deposits in Sudbury ahead of 2021, when current deposits will largely be exhausted, city councillors were told Tuesday. That was the word from Peter Xavier, vice-president of the company’s Sudbury Integrated Nickel Operations, who updated the city on the state of their work in the city.

Glencore is the current owner of the mines, which date back to the late 1920s when it was owned by Falconbridge Ltd. Their largest deposit is the Nickel Rim South Mine, a deposit discovered in 2001 and brought into production in 2010.

“It’s the financial base of our operation,” Xavier said, adding they have done work in attempts to extend its life. “Unfortunately, those efforts haven’t proved to be successful.” Continue Reading →

NEWS RELEASE: Harte Gold Closes $25 Million Financing

Toronto – December 14, 2016 – HARTE GOLD CORP. (“Harte Gold”) (TSX: HRT / OTC: HRTFF / Frankfurt: H40) is pleased to announce the closing of the $25 million financing previously announced in its news release dated November 24, 2016. The financing will facilitate the acceleration of exploration and development work at Harte Gold’s 100% owned Sugar Zone property located in White River, Ontario.

The financing consists of a $15 million bought deal offering of 38,461,538 flow-through common shares priced at $0.39 per flow-through common share (the “Flow-Through Offering”) with Cantor Fitzgerald Canada Corporation and a concurrent $10 million private placement financing of 33,333,333 common shares priced at $0.30 per common share (the “Private Placement”) with Appian Natural Resources Fund (“Appian”) through its wholly owned subsidiary, for aggregate gross proceeds of $25 million at a blended average price of $0.35 per common share. On closing, Appian will hold a 16.8% interest in Harte Gold.

Finder’s fees payable under the private placements consist of a cash payment equal to 3% of cash raised and broker warrants equal to 3% of the number of flow-through common shares and common shares issued pursuant to the private placements. Continue Reading →

High-grading: Timmins’ worst-kept secret? – by Frank Giorno (Timmins Today – November 25, 2016)

https://www.timminstoday.com/

Author Kevin Vincent launches his new book — a dramatic telling of the 1986 Aquarius Gold Robbery

Kevin Vincent, Timmins author and chronicler of the city’s second largest industry, gold high-grading, launched his second volume of stories dealing with the thefts of gold from the city’s gold mines, this volume dealing with the brazen Aquarius Gold mine theft of 1986.

The launch of Bootleg Gold Vol.2 was held at the Timmins Public Library Tembec room, last night, to a packed room of guests that included Timmins Mayor Steve Black, and Gregory Reynolds, former editor of the Timmins Daily Press and someone who also has many stories on the topic.

Vincent has been working for 30 years at collecting and telling the stories of more than 100 years of high-grading or gold thefts from Timmins gold mines since the very early days of the Porcupine gold rush and the founding of Timmins in 1912. Continue Reading →

Arrested Development: Down, down, down? Ring of Fire still a burning question – by Sunny Freeman (Financial Post – December 13, 2016)

http://business.financialpost.com/

The nine chiefs of the Matawa First Nations closest to Ontario’s Ring of Fire gathered around a conference table in July 2013 at what seemed like a historic crossroads to debate the merits of development in a region that had never before experienced it.

Promises of jobs, revenue sharing and infrastructure improvements, some said, could bring prosperity to the struggling communities. On the other hand, development could come too rapidly and at too high a cost to their land and traditional way of life. They needn’t have worried. Three years later, development of the 5,000-square-kilometre area of the James Bay Lowlands is still stuck in neutral.

The Ring of Fire is a deposit of minerals — including nickel, copper, gold, zinc and the extremely rare chromite — some 540 kilometres north of Thunder Bay that is said to be worth up to $60 billion. Dubbed “Canada’s next oilsands,” it could be the biggest resource development Ontario has seen in more than a century. Continue Reading →

Bound by wild desire, Sault mayor falls into burning Ring of Fire – by David Helwig (Soo Today – December 11, 2016)

https://www.sootoday.com/

Mayor Christian Provenzano is pushing hard to keep his foot in the door of Noront Resources Ltd. – the Ring of Fire developer that wants to build a ferrochrome smelter somewhere in Ontario

Plans by a Toronto-based mineral exploration company to build a ferrochrome smelter somewhere in Ontario may come up for discussion at Monday’s meeting of Sault Ste. Marie City Council.

Mayor Christian Provenzano has placed a letter he wrote to Noront Resources Ltd. on the meeting’s agenda. Noront has the largest land position in the Ring of Fire, the massive emerging multi-metals development project located in the mineral-rich James Bay Lowlands of Northern Ontario.

This fall, the company disclosed that it is considering the Sault, Hamilton, Thunder Bay, Timmins and Sudbury as possible locations for a ferrochrome smelter to service the Ring of Fire project. Ferrochrome is primarily used in making stainless steel with a chromium content of 10 per cent to 20 per cent. Continue Reading →