Archive | Ontario Mining

Forget Ring of Fire: Cobalt mining camp is ready to roll – by PJ Wilson (North Bay Nugget – June 23, 2017)

http://www.nugget.ca/

COBALT – As much attention as the Ring of Fire has garnered, the expected resurgence of the Cobalt Camp is a bigger story. “The Ring of Fire . . . is too much pie in the sky,” Gino Chitaroni says. “There are too many working parts. You don’t need millions of dollars there. You need billions. There is no way in hell it will be developed anytime soon.”

Chitaroni, president and manager of PolyMet Labs in this old mining town, says political problems are delaying the Ring of Fire project in northwestern Ontario even more. It will be at least a decade – probably more – before anything comes out of it, he believes. But the Cobalt Camp, he says, is ready to roll again.

“Even with China involved directly, and they have very, very deep pockets, the infrastructure requirements there means Ring of Fire is many, many years off,” says Chitaroni, who also is president of the Northern Prospectors’ Association. “It’s sad that the government has put all its (mining) eggs in one basket when there are so many other, much better projects.” Continue Reading →

A tale of two mines: One shovel in the past, the other in the future – by Sunny Freeman (Financial Post – June 21, 2017)

http://business.financialpost.com/

Booms and busts are the norm when it comes to towns built on the mining industry, but the future could see the creation of communities specifically designed to last as long as the mine and for the economic benefits to be spread among many towns. Financial Post reporter Sunny Freeman and videographer Tyler Anderson traveled to one such mine ramping up in northern Quebec and another in Timmins, Ont., which is agonizing over the closing of its increasingly old-fashioned mines

Coverall-clad miners sip coffees and clutch metal lunch boxes as they listen for the shaft operator’s familiar tap-tap-tap signalling the elevator is on its way for the start of another subterranean shift at Goldcorp Inc.’s Dome mine in Timmins, Ont.

They wait for the muddy night-shift workers to step out of the cage before turning on their headlamps, a common courtesy so as not to blind their weary colleagues, before descending a kilometre underground. It’s a daily routine that has been performed for more than a century at Canada’s oldest operating gold mine.

The Dome mine was incorporated in 1910, when northeastern Ontario’s gold rush brought eager prospectors, families and a sense of community to what was then considered the remote north. It is a working relic, an homage to a long history of towns built on the bedrock of mining, when rich, multi-generational projects breathed life into local economies. Continue Reading →

“This transaction will … [create] one of the largest cobalt exploration companies in the world” – by Staff (Mining Journal – June 22, 2017)

http://www.mining-journal.com/

Australian-based Cobalt One has entered a trading halt pending an announcement on the merger proposal. The two companies signed an option agreement earlier this month whereby First Cobalt was granted an option to acquire 50% of Cobalt One’s cobalt assets in the Cobalt region of Ontario.

Cobalt One’s assets include a cobalt refinery while First Cobalt’s assets include the former producing Keeley-Frontier silver-cobalt mine in Ontario and cobalt exploration ground in the Democratic Republic of Congo.

Under the “friendly merger” proposed by First Cobalt, Cobalt One would hold 60% of the enlarged company, with its chairman Paul Matysek, CEO Jason Bontempo and director Bob Cross to go onto the First Cobalt board. Continue Reading →

Memorial marks 1984 Falconbridge tragedy and all workplace deaths – by Heidi Ulrichsen (Sudbury Northern Life – June 20, 2017)

https://www.sudbury.com/

2015 death of Richard Pigeau at Nickel Rim South especially raw for speakers

On June 20, 1984, a seismic event measuring 3.5 on the Richter scale struck Falconbridge Mine, leading to the deaths of four miners — Sulo Korpela, Richard Chenier, Daniel Lavallee and Wayne St. Michel. Every year since the tragedy, Mine Mill Local 598/Unifor has held a Workers’ Memorial Day gathering on June 20.

This year’s service was held at the union’s campground on Richard Lake, and featured a long list of guest speakers, including politicians, union and company officials and labour community representatives.

Although specifically commemorating the 1984 Falconbridge mining disaster, the event also remembers other workers who have died at the company, which, as a result of several buyouts, now goes by the name Glencore. It also honours the lives of all those who have lost their lives due to on-the-job accidents or industrial disease in Sudbury and around the world. Continue Reading →

Noront looks for smelter landing spots in Sudbury, Timmins – by Ian Ross (Northern Ontario Business – June 20, 2017)

https://www.northernontariobusiness.com/

Nickel City puts “best foot forward” to host Ring of Fire chromite processor

Noront Resources’ search for a home for a potential ferrochrome smelter took them to Sudbury and Timmins in mid-June. The largest claim holder in the Ring of Fire recently tweeted photos of visits to the northeastern Ontario cities as part of a pan-Northern Ontario scan to find a suitable landing spot for a $600-million to $800-million processing plant.

Sudbury, Timmins, Sault Ste. Marie and Thunder Bay-Fort William First Nation are in the mix to host the facility which could be years away from construction given the slow pace of development talks between the Ontario government and First Nation communities in the James Bay region.

Greater Sudbury Development Corporation (GSDC) director Ian Wood said the plant could create “several hundred” construction and permanent jobs, but he remained cautious about heightening local expectations. Continue Reading →

A real world education: Temagami pit reopening for aggregate production – by Ian Ross (Northern Ontario Business – June 19, 2017)

https://www.northernontariobusiness.com/

A once-dormant Temagami aggregate pit could become a beehive of activity this year. Randy Becker, a member of the Temagami First Nation and the new operator of the Frontenac pit, has ambitious plans to use the property as an active exploration site for base metals, establish an aggregate extraction operation, and utilize the site as a training ground for future Indigenous diamond drilling assistants and heavy equipment operators.

The former municipal pit is located just south from the Town of Temagami and west of Highway 11 at the 12-kilometre mark of the Lake Temagami Access Road. The permit to operate the pit was transferred to one of Becker’s companies, Nimkie Mining Services.

To advance the multi-faceted development, Becker has struck a number of agreements with business partners including Asabanaka Drill Services, a majority First Nation-owned outfit out of Kasabonika Lake First Nation, to assist with the startup of a 10-week diamond driller training course. Continue Reading →

Sioux-to-Sault partnership forms for Ring of Fire – by Elaine Della-Mattia (Sault Star – June 19, 2017)

http://www.saultstar.com/

The proposal calls for a trans-load facility to be established in Sioux Lookout, where raw materials can be trucked and transported via rail across the region. Sault Ste. Marie was selected as the ideal partner for the project because of its location, history and infrastructure, said EDC CEO Tom Dodds.

Dodds was recently in Sioux Lookout to tour the proposed trans-load facility location and discuss integrated transportation systems and the commercial and industrial networks that could benefit from the proposal. “Our concept is the same and we see the synergies that could be created from an east west route,” Dodds said.

That east-west route, would run along an old winter road system that is already in place to service communities to Pickle Lake. The closest community with reliable infrastructure becomes Sioux Lookout, which currently serves as a hub for that region’s remote communities, includes a hospital and the necessary infrastructure for a staging point, Dodds said. Continue Reading →

Harte Gold’s Sugar Zone just the ‘tip of the iceberg’ analyst says – by Trish Saywell (Northern Miner – June 16, 2017)

Global mining news

Harte Gold Corp’s (TSX: HRT) Sugar zone deposit in northern Ontario will be in commercial production in the second quarter of 2018, chairman and CEO, Stephen Roman, told The Northern Miner’s Canadian Mining Symposium in London.

When Roman took over management of the company at the request of shareholders in 2009, Sugar was known to contain around 200,000 ounces of gold.

But the mining executive, who had sold Gold Eagle Mines the year before to Goldcorp (TSX: G; NYSE:GG) for $1.5 billion, had a hunch that the project, 25 km northeast of White River and 60 km east of the Hemlo area gold mines, held an awful lot more gold than that. Continue Reading →

[Vale Canadian CEO Jennifer Maki] The mindful miner – by Peter Carter (CPA Magazine – June 1, 2017)

https://www.cpacanada.ca/

Vale’s base metal boss and Canadian CEO Jennifer Maki believes in building bridges, staying connected and delivering results. And she does it her way.

It was a February Friday in 2007. Jennifer Maki was given a choice. At the time, Maki was assistant treasurer at Vale Canada, a subsidiary of the biggest iron-ore mining company in the world, Rio de Janeiro-based Vale. Like lots of Vale’s senior positions, Maki’s duties were moving to head office in Brazil. The question was: would she rather take an 18-month buyout package or stay with Vale in Toronto in a yet-to-be-determined position?

The buyout looked appealing. In the months leading up to Vale’s offer, Maki’s world had gone through seismic shifts, and in the process, friends, colleagues and fellow executives either left or were asked to leave the company. There was little doubt she would find other work.

Her rise to the senior ranks of the company had been meteoric, beginning in 2003. After 10 years as a CA with PricewaterhouseCoopers in Toronto, Maki had accepted an offer from the client whose file she had been auditing for nine of those years, giant nickel miner Inco. Continue Reading →

Ring of Fire: burning down a rare economic opportunity – by Joseph Quesnel and Kenneth Green (Troy Media – June 12, 2017)

http://www.troymedia.com/

First Nations can’t veto development in northern Ontario. They must engage in good faith, just like business and governments, and not squander this opportunity

Joseph Quesnel is a senior fellow at the Fraser Institute. Kenneth Green is Senior Director, Natural Resource Studies at the Fraser Institute.

ANTIGONISH, N.S. /Troy Media/ – It’s often said that successful First Nations must operate at the speed of business, not the speed of government. That certainly applies to First Nations affected by the Ring of Fire mining proposal.

Long delays and lack of communication between governments and the nine First Nation communities involved have plagued efforts to establish mining of largely chromite deposits in the region 500 km north of Thunder Bay.

A central bone of contention is the construction of an all-season transportation corridor to get the mined ore to plants in northern Ontario where it can be refined. In late May, Ontario Premier Kathleen Wynne told a Chamber of Commerce meeting in northeastern Ontario that movement on an infrastructure plan should come in “weeks, not months.” Continue Reading →

Romano critic of Northern jobs, Ring of Fire – by Elaine Della-Mattia (Sault Star – June 9, 2017)

http://www.saultstar.com/

Ontario PC Leader Patrick Brown made the announcement at Queen’s Park on Friday, updating critic roles for his caucus.

“As our newest MPP for Sault Ste. Marie, I’m looking forward to having Ross Romano work hard every day for Northern Ontario families and as part of the PC caucus,” said Brown in a press release. “Ross won a riding that the Ontario PCs have not won in 30 years due to his hard work and commitment. Given his background in serving his community as a city councillor, I know he will dedicate his efforts at Queen’s Park to bring about positive change.”

Romano, whose resignation as a city councillor will be formally accepted by council Monday, said he welcomes his new role, especially because his campaign focused on the need for good paying jobs in Northern Ontario and the need to move forward with infrastructure to prepare for the Ring of Fire development.

He expects to be formally sworn in as the city’s MPP in the next few weeks. Continue Reading →

Marten Falls’ new best buddies: KWG wants First Nation to be Ring of Fire mining partner – by Staff (Northern Ontario Business – June 6, 2017)

https://www.northernontariobusiness.com/

Ring of Fire developer KWG Resources and Marten Falls First Nation have agreed to negotiate the terms of a chromite mining partnership agreement in the Ring of Fire.

The two parties are fresh from a May trip to China to meet with KWG’s project partner, China Railway First Survey & Design Institute Group, to hear some encouraging results of a rail corridor feasibility study.

A proposed north-south rail corridor, once staked by KWG, crosses the traditional territory of Marten Falls. A June 6 KWG release proposes an equal profit-sharing partnership “that may be derived from mining activities after provision for fully-absorbed manufacturing costs, including comminution, concentration and transportation, plus reclamation, and the amortization of project-finance borrowings.” Continue Reading →

IAMGOLD secures Japanese partner to develop Gogama open-pit mine – by Staff (Northern Ontario Business – June 6, 2017)

https://www.northernontariobusiness.com/

Miner inks $195-million joint venture with Sumitomo Metal Mining to develop Côté Project

IAMGOLD is teaming up with a Japanese mine developer to advance its Côté Gold Project toward the feasibility stage and eventually open-pit mining.

The Toronto-headquartered mid-tier miner announced June 5 that it’s signed a joint venture (J-V) agreement with Sumitomo Metal Mining of Tokyo in a $195-million partnership arrangement. Sumitomo buys itself a 30 per cent stake in the northeastern Ontario project.

IAMGOLD will hold majority ownership and will be the operator during development and once the Côté open-pit mine is in operation. This transaction is expected to close by the end of June. “It will enable us to move the project into development and to significantly diversify our production profile as a result of future production from our Canadian operations,” said IAMGOLD’s President and CEO Steve Letwin in a statement. Continue Reading →

Gowest aims to start production in 2018 – by Len Gillis (Timmins Daily Press – June 3, 2017)

http://www.timminspress.com/

TIMMINS – Just 24 hours after taking his first trip underground in his first ever gold mine, Gowest president and CEO Greg Romain had some encouraging words for junior mining executives and exploration workers this week. “You’ve got to keep it up. Like, you can’t give up. It is a tough game, especially when you’re a junior.” Romain said Thursday at the big event Canadian Mining Expo.

Romain was one of several speakers invited to take part in the Investor’s Forum. He was there to tell the story of developing the Bradshaw Deposit, located just north of the built up area of Timmins on a parcel of land near Highway 655.

That’s where Romain was on Wednesday of this week, inspecting the latest work now that the company has completed its first blast and is ramping downwards with Cementation Canada as the contractor. The first blast to open the portal was on May 11. Continue Reading →

Road blocks to the Ring of Fire: Details still scarce, election clock ticking on Far North mineral development – by Ian Ross (Northern Ontario Business – June 2, 2017)

https://www.northernontariobusiness.com/

Making any headway on building an access road to the Ring of Fire remains a complex, winding and muddled path. Despite Premier Kathleen Wynne’s strident tones in demanding progress to jumpstart development in the dormant Far North mineral belt, it could be years before any shovels are in the ground to blaze a road corridor to the James Bay lowlands.

The provincial bureaucrat leading the regional infrastructure planning process claims much work remains to forge First Nation partnerships with the Matawa tribal council before any construction takes place.

When Northern Development and Mines assistant deputy minister Christine Kaszycki was asked by an attendee at a May 25 Greater Sudbury Chamber of Commerce luncheon for a realistic timeline when Ring of Fire ore can be expected to start moving, she admitted she couldn’t provide one. Continue Reading →