Archive | Ontario Mining

Mining industry electrifying for MacLean – by Ella Myers (Northern Ontario Business – December 2, 2016)

https://www.northernontariobusiness.com/

Don MacLean has always felt there is a “continual sense of change and renewal” in mining. After 60-plus years in the industry, the founder of MacLean Engineering should know. The mining technology engineer saw the beginnings of the diesel age, putting the first diesel scoops in Sudbury’s Creighton mine in 1964.

Now, over 50 years later and involved as ever, MacLean is experiencing the “electrification of the mining industry,” as he works on introducing electric mining equipment at Goldcorp’s Borden mine site near Chapleau.

The shifts have “just been a rush,” he said. “I’ve never worked a day in my life,” is MacLean’s oft-shared trademark sentiment on the industry. Continue Reading →

Cobalt is king for Vancouver developer – by Ian Ross (Northern Ontario Business – December 2, 2016)

https://www.northernontariobusiness.com/

The namesake metal of the town of Cobalt is the focus of a Vancouver company which has acquired a former silver mine property near the historic northeastern Ontario community. CobalTech Mining, formerly known as Big North Graphite, closed the acquisition of the former Duncan Kerr property from Trio Resources of Toronto on Nov. 23.

The company has plans to dig into the leftover piles of mineralized material on the surface to source cobalt.

Their 32-hectare property, located three kilometres southeast of the town in Coleman Township, contains the underground remnants of the former Kerr and Lawson silver mines, which operated intermittently from the mid-1900s through to the 1960s. Continue Reading →

Jim Gallagher: Mining his Way to the Top – by MODERN MINING AND TECHNOLOGY SUDBURY MAGAZINE

https://readymag.com/

President and CEO of North American Palladium Ltd., Jim Gallagher is a professional mining engineer with more than 34 years of experience in the mining industry. We sat down with him to ask him a few questions about his education, his career and everything in between.

How did you get started in the mining business?

To be honest, I had a very narrow view of the opportunities the mining industry offered. I worked for a year at Inco after graduating and entered the geology program at Laurentian. I thought I would be a career geologist working at a mine.
How did you come to choose your educational path? Continue Reading →

Goldcorp GM talks about company’s future in Timmins – by Alan S. Hale (Timmins Daily Press – December 2, 2016)

http://www.timminspress.com/

Goldcorp is hard at work on projects that will see its century-long presence as an integral part of the Timmins economy continue for many years to come. That was the central message the mining company’s general manager, Marc Lauzier, brought to a crowded room full of mining industry members and other local business people on Thursday afternoon. The gathering was organized by the Timmins Chamber of Commerce as part of their series of Inside Your Business luncheons.

During his speech to the more than 150 people packed into the McIntyre Arena`s auditorium, Lauzier said despite the fact that many of their most profitable projects in the Timmins area are approaching the end of their life cycles, it is Goldcorp’s goal to keep mining in the region for as long as it is feasible.

“Today I want to talk about some the projects that we are trying to do so we can stay around Timmins for longer,” said Lauzier. “I’ve talked to some of our partners, and they are coming to the end of their lives in the next six to seven years. I’m standing here in front of you with some opportunities that could keep Goldcorp here and alive for at the same (levels of production) or even better for another 10, 15 or 20 years.” Continue Reading →

Barrick’s Munk Heads Top Ten Most Important Mining Men in Canadian History – by Stan Sudol

Melanie and Peter Munk

Melanie and Peter Munk

Four Americans Made the List!

A few months ago, my dear colleague Joe Martin, who is the Director of the Canadian Business & Financial History Initiative at Rotman and President Emeritus of Canada’s History Society, asked me a very simple question: who would be considered the most important individual in Canadian mining?

Considering Canada’s lengthy and exceptional expertise in the mineral sector, it was not an easy answer and I decided to research and create a top ten list of the most important mining men in Canadian history.

The lack of women on this list simply reflects the fact that for much of our history most women were not given the educational or social opportunities to excel in business, especially in a rough and male-dominated sector like mining. Times have changed, women are playing key roles in mining today and will definitely be included on this list in the future.

However, a few qualifiers need to be established. This is basically a list of mine builders not mine finders.  Building a company through takeovers and discoveries is one way but I am also focusing on individuals who have built corporate empires and/or who have developed isolated regions of the country with the necessary infrastructure for mines to flourish and create multi-generational jobs, shareholder wealth and great economic impact. Continue Reading →

Goldcorp job cuts ‘devastate’ Red Lake as Ontario town loses 3 per cent of workforce – by Cathy Alex (CBC News Thunder Bay – November 25, 2016)

http://www.cbc.ca/news/canada/thunder-bay/

‘Wall Street gets a cold, we get pneumonia,’ mayor says of job cuts at gold mine

The town of Red Lake, Ont., about 570 kilometres northwest of Thunder Bay, is “devastated” by the loss of three per cent of its workforce after the GoldCorp gold mine cut 27 jobs, says Mayor Phil Vinet.

“We’re a gold-mining town, and we’re subject to the whims or the rigours of Wall Street,” Vinet said. “When the price of gold on Wall Street drops, or Wall Street gets a cold, we end up with pneumonia.”

“You hate to lose even one of these jobs in the mine,” he added. “These are good jobs, they’re high paying and these people have lived in the community for a long time.” With people potentially leaving town to find new employment, the community will feel the impact on both the economic, and social level, said Vinet. Continue Reading →

Glencore still digging Sudbury – by Ella Myers (Northern Ontario Business – November 25, 2016)

https://www.northernontariobusiness.com/

Ultra deep progress shows confidence in Sudbury Integrated Nickel Operations, says VP

Glencore plans to dig deeper into Sudbury in the upcoming year. Peter Xavier, vice-president of their Sudbury Integrated Nickel Operations, said they anticipate board approval shortly for two ultra deep mine sites in the region, at their flagship Nickel Rim and their proposed Onaping Depth, now under development.

“These projects are on the cusp of approval… they’re not guaranteed,” said Xavier, who presented an update on the miner’s Sudbury operations at a Greater Sudbury Chamber of Commerce luncheon, Nov. 24. At Nickel Rim site, they’re looking at extending their existing operations by 1,000 metres to a depth of 2,700 metres to access a sizable nearby deposit.

At their newer Onaping Depth site, they’re working on a deposit that could not be safely accessed until recent innovations in ultra deep mining technology. Xavier said both projects will move onto full-fledged development in 2017. Continue Reading →

UPDATE 1-Kirkland Lake shareholders vote for Newmarket takeover -sources – by John Tilak and Nicole Mordant (Reuters U.S. – November 24, 2016)

http://www.reuters.com/

Nov 24 More than 80 percent of Kirkland Lake Gold shareholders have voted in favor of the mid-tier miner’s takeover of Newmarket Gold, according to two sources familiar with the situation, marking the end of a contentious process.

Over 90 percent of the Newmarket shareholders who voted on the acquisition also backed Kirkland’s all-stock offer, valued at about C$1 billion ($741.34 million) when announced on Sept. 29, the sources said on Thursday on condition of anonymity as the matter is confidential.

Kirkland Lake shares were down 0.3 percent at C$7.34 on the Toronto Stock Exchange on Thursday, while Newmarket’s stock was up 0.3 percent at C$3.43. Silver Standard’s stock was down 0.3 percent at C$13.12. Continue Reading →

Nickel will recover: Glencore’s Sudbury VP – by Mary Katherine Keown (Sudbury Star – November 25, 2016)

http://www.thesudburystar.com/

Nickel may be down, but it is not out and there are still plenty of opportunities to be found.

Peter Xavier, vice president of Sudbury Integrated Nickel Operations, a Glencore Company, delivered the keynote address at Thursday’s Chamber of Commerce luncheon. He said Sudbury continues to be the “meat and potatoes” of its nickel operations.
“(The company), more than ever, is driven out of Sudbury,” Xavier said.

Nickel prices dive and peak, but Xavier said that is not just due to demand. There are also structural changes within the market to consider. In recent weeks, nickel has surged to just more than $5 a pound US. Continue Reading →

[Sage Gold] Mine near Matheson to start production next year – by Alan S. Hale (Timmins Daily Press – November 24, 2016)

http://www.timminspress.com/

BLACK RIVER-MATHESON – A new gold mining project in the Matheson area will be able to begin production next year after it managed to clear one of the last major hurdles keeping the mine from going forward.

Sage Gold has inked a deal with Primero Mining that will allow them to send ore from their Clavos Mine to the Black Fox-Stock Mill located just 10 kilometres away. Finding a mill to process their ore was one of the final steps required to secure financing to reopen Clavos, which is a preexisting mine that has been inactive for years.

With the processing deal in place, and $11.5 million dollars of financing secured, First Nations consultations completed, and all the geological surveying done, Sage vice president Bill Love said the company can finally begin the work of getting Clavos ready to begin an expected seven years of gold production. Continue Reading →

Vale slashes Sudbury nickel refinery emissions – by Norm Tollinsky (Sudbury Mining Solutions Journal – November 14, 2016)

http://www.sudburyminingsolutions.com/

$75 million project reduces metal particulate emissions by 90 per cent

Vale has announced the completion of a $75 million Nickel Refinery Emissions Reduction Project in Sudbury.

The largest investment and facility upgrade at the Copper Cliff nickel refinery since it was constructed in 1973 brings the company into compliance with new provincial and federal government standards for the emission of nickel and total suspended particulates.

The new provincial standard took effect July 1, 2016 and is based on an annual averaging period as opposed to the 24-hour averaging period of the previous standard. Continue Reading →

Wallbridge Mining ventures into the unexplored: Drilling commences on Sudbury joint venture (Northern Ontario Business – November 21, 2016)

https://www.northernontariobusiness.com/

The Wallbridge Mining Company is breaking unusually new ground in the Sudbury Basin. The Sudbury-based junior mining company started another round of drilling on their Parkin Properties, on the northeast edge of the basin, in October.

The site is practically virgin territory compared to nearby areas, according to Joshua Bailey, vice-president of exploration at the Wallbridge Mining Company.

“It hasn’t had as much exploration as elsewhere,” said Bailey, adding that “if this project has a fraction of what is elsewhere in the basin, it would be a success.” This isn’t the first drilling in the area for Wallbridge.

They completed promising drilling between 2008 and 2012 as part of a joint venture with Impala Platinum Holdings Limited (Implats), after which they re-purchased Implat’s nearly 50 per cent interest in the properties. Continue Reading →

Boart Longyear establishes R&D test centre in Sudbury – by Norm Tollinsky (Sudbury Mining Solutions Journal – November 14, 2016)

http://www.sudburyminingsolutions.com/

Innovative technologies to be tested at the NORCAT Underground Centre include next generation wireline tooling, smart drill rig technology, XRF technology for examining core samples and high-speed drilling technology

Boart Longyear’s next generation drilling technology will be tested and refined in Northern Ontario for the global market following a decision by the Utah-based mining supplier to establish a research and development presence at the Northern Centre for Advanced Technology’s (NORCAT) Underground Centre in Sudbury.

The partnership was announced by Boart Longyear president and CEO Jeff Olsen and NORCAT CEO Don Duval at MINExpo. Also in attendance was Ontario Minister of Northern Development and Mines Michael Gravelle, who announced a $1.3 million grant from the Northern Ontario Heritage Fund Corporation to sweeten the deal. Continue Reading →

It’s not time to sit and wait; First Nations should make most of mineral market lull – by Daniel Bland (Thunder Bay Chronicle-Journal – November 20, 2016)

http://www.chroniclejournal.com/

Daniel Bland has spent the past four years living on the James Bay Cree reserve of Mistissini in northern Quebec, working as lead instructor for Cree Human Resources Development/Cree Nation Government on the design and delivery of basic skills and work-readiness training programs in Cree communities.

Mining and resource extraction companies across Canada continue to ride out a slump in commodity prices that market analysts suggest may continue throughout 2017 before showing signs of any extended recovery. But while that is bad news for mining companies, it could be a blessing in disguise for remote First Nations hoping to benefit from their proximity to potential mining operations.

Canadian policy institutes have paid considerable attention to determining the labour market demands of major mining projects, many on or near aboriginal land. Last fall, the Conference Board of Canada produced a forecast of employment opportunities over the next decade in resource development projects by occupation and region. Continue Reading →

Media releases: Gold Fields announces withdrawal of joint acquisition proposal for Kirkland Lake; remains interested in a negotiated transaction

Johannesburg, 18 November 2016: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) announces that it and Silver Standard Resources Inc. (Silver Standard) (TSX:SRO, Nasdaq: SSRI) have today withdrawn their latest joint proposal to acquire all of the outstanding shares of Kirkland Lake Gold Inc. (Kirkland Lake) (TSX: KLG) in a negotiated transaction.

As previously announced by Gold Fields, its wholly-owned subsidiary, Gold Fields Netherlands Services B.V., has made three successive proposals jointly with Silver Standard to acquire Kirkland Lake pursuant to a plan of arrangement for consideration consisting of cash and shares of Silver Standard or a combination thereof.

In response to each proposal, the Kirkland Lake board advised that it had determined that it was not reasonably expected to result in a Superior Proposal relative to Kirkland Lake’s previously announced combination with Newmarket Gold Inc. (Newmarket) (TSX: NMI), and that Kirkland Lake would not be engaging in any discussions with Gold Fields or Silver Standard or providing them with due diligence access. Continue Reading →