Archive | Still to file

Mining Watch News Release: Class Action Against Agnico Eagle and Yamana Gold: Malartic Fight Continues

https://miningwatch.ca/

Toronto/Ottawa/Montreal—27 October 2017. Over 200 community members, families, and property and business owners are still fighting Agnico Eagle and Yamana Gold over the impacts from the Canadian Malartic gold mine – the biggest open pit mine located on the edge of a community in Canada. The case will be before the Quebec Superior Court today, in Val d’Or.

“We are quite concerned about Agnico Eagle and Yamana Gold’s response to this suit. They appear to be willing to spend more money on isolating and wearing out affected community members rather than swiftly and responsibly resolving the conflict through a mediation or arbitration process,” states Ugo Lapointe, Canada Program Coordinator for MiningWatch Canada.

“The current approach taken by both Agnico Eagle and Yamana Gold is not meeting the best practices and standards.” Continue Reading →

[Mine Tailings Storage Safety] NEWS RELEASE: UN Body Urges Mining Companies To Put Safety First

London Mining Network – MiningWatch Canada
Earthworks – Amnesty International Canada

New UNEP report “Mine Tailings Storage: Safety Is No Accident” finds mining waste dams threaten people and the environment

Click here for report: http://bit.ly/2y1Lfqr

London-Washington-Ottawa, 23 October 2017. An international coalition of non-governmental organizations welcomes the new Assessment Report Summary released last week in Geneva by the United Nations Environment Programme (UNEP), which urges States and the industry to end deadly and damaging mining waste spills by enforcing a “zero-failure objective.”

The joint UNEP-GRID Arendal assessment, “Mine Tailings Storage: Safety Is No Accident,” highlights over 40 mining waste failures over the last decade, including eight ‘significant’ spills since 2014 alone. These failures have killed some 341 people since 2008, damaged hundreds of kilometers of waterways, affected drinking water sources, and jeopardized the livelihoods of many communities. Continue Reading →

NEWS RELEASE: Osisko Sponsors Search for Avro Arrow Artifacts

 

Canada 150 Project to Find and Recover Lost Arrow Free Flight Models

Facebook Page:  https://www.facebook.com/raisethearrow/

Video:  https://vimeo.com/208205480/dddb0ef1aa

TORONTO, ONTARIO–(Marketwired – July 14, 2017) – Osisko Mining Inc. (TSX:OSK) (“Osisko” or the “Corporation”) is proud to announce that it is a participating sponsor in the search for and recovery of nine Avro Arrow free flight models launched over Lake Ontario in series of tests during 1954 – 1957.

The models are one-eighth scale replicas of the famed flying jet, and were part of the final flight design test work done prior to the production of the CF-105 Arrow. The goal of the search is to discover the resting place of the nine models, recover and ultimately house them at the Canada Aviation and Space Museum in Ottawa and the National Air Force Museum of Canada in Trenton, Ontario.

The search and recovery program is a Canada 150 collaborative effort spearheaded by OEX Recovery Group Incorporated, sponsored by Osisko group companies Osisko Mining Inc. and Osisko Gold Royalties Ltd., in collaboration with their financial partners at National Bank, the Bank of Montreal, Canaccord Genuity, Maxit Capital, Eight Capital and Northfield Capital; the Canada Aviation and Space Museum (CASM), Royal Canadian Air Force (RCAF), the Canadian Conservation Institute, and Bennett Jones LLP. Support for this project is also being provided by Scarlett Janusas Archaeology, Canadian Coast Guard, the Royal Canadian Military Institute and Canada Company. Continue Reading →

Todd White: Executive Vice President and Chief Operating Officer of Goldcorp Inc. on Designing Mines of the Future (Idea City.ca – June 2017)

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Todd White is Executive Vice President and Chief Operating Officer of Goldcorp Inc. He has a multinational background in large-scale development projects, management systems and operational efficiency over two decades. He’s a strong voice for continuing innovation in the mining industry.

He was formerly Senior Vice President, South America at Newmont Mining Corporation, responsible for leading business excellence, operations and environmental stewardship. Continue Reading →

NEWS RELEASE: SIXTY-SIX COUNTRIES STRUGGLING WITH GOVERNANCE OF OIL, GAS AND MINING SECTORS

http://www.resourcegovernanceindex.org/

New index shows promise in some developing countries, but raises alarms over sovereign wealth funds and citizens’ freedom to hold governments to account

LONDON, 28 June 2017—The majority of governments inadequately govern their oil, gas and mining sectors, according to the 2017 Resource Governance Index. Sixty-six countries were found to be weak, poor or failing in their governance of extractive industries. Less than 20 percent of the 81 countries assessed achieved good or satisfactory overall ratings.

The cross-country study of extractives governance, released today by the Natural Resource Governance Institute (NRGI), is the most comprehensive of its kind to date. It is based on new research into how countries’ governance affects their potential to realize value and manage revenues from their resources. It also incorporates existing assessments of countries’ “enabling environments”—a measure of how well citizens can access and use information, freely work together to voice their concerns and hold their governments to account, and of the quality of institutions in the areas of administration, rule of law and corruption control. Continue Reading →

Smaller mining companies seek IPOs but deals remain modest – by Zandi Shabalala(Reuters U.S. – March 16, 2017)

http://www.reuters.com/

LONDON – Stock market flotations of smaller mining and metals companies are set to pick up this year, although a return to the flood of deals five or six years ago remains unlikely while investors rebuild their bruised confidence in the sector.

A continued rally in metals prices is galvanizing some firms into raising capital on exchanges across the world to fund exploration and plow cash into existing projects, with others also preparing initial public offerings.

But with investors’ memories fresh of a bloodbath in mining stocks in 2015, the firms’ ambitions are modest: they are joining small-capital indexes or listing on junior markets in deals typically worth $10 million or less – far from Glencore’s $10 billion flotation in 2011 when commodities were booming. Continue Reading →

In Flanders Fields – by John McCrae

In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.

We are the Dead. Short days ago
We lived, felt dawn, saw sunset glow,
Loved and were loved, and now we lie
In Flanders fields.

Take up our quarrel with the foe:
To you from failing hands we throw
The torch; be yours to hold it high.
If ye break faith with us who die
We shall not sleep, though poppies grow
In Flanders fields.

Let’s Celebrate 25 Years of Diamonds! – by Tom Hoefer (May 9, 2016)

http://www.miningnorth.com/

Tom Hoefer is the Executive Director, NWT & Nunavut Chamber of Mines.

This year marks the 25th anniversary of the discovery of diamonds in Canada, in our own Northwest Territories, and what progress we have made!

All too often it seems we are so busy focused on the task at hand that we forget to celebrate our successes. Twenty-five years of diamonds marks a good time to measure our progress. It’s also a good time to ask ourselves, where would we be had there never been a diamond rush? And what can we all do to ensure future generations have similar opportunity to benefit from our abundant resources?

I was reminded of this when the Honourable Navdeep Singh Bains, Canada’s Minister of Science, Innovation & Economic Development, recently visited Yellowknife. He stressed three themes: Continue Reading →

NEWS RELEASE: CANADIAN MINING HALL OF FAME ANNUAL AWARDS TAKE ON NEW VENUE

info@mininghalloffame.ca

TORONTO, March 21, 2016 — Due to overwhelming demand, the next group of inductees into the Canadian Mining Hall of Fame will be celebrated at a new venue for the first time in 29 years. On January 12, 2017, the Mining Hall of Fame’s Annual awards evening will officially move to the Metro Toronto Convention Centre.

Established in 1988, the Mining Hall of Fame (CMHF) hosts the seminal annual event for the industry, attracting attendees from across the country and around the globe. “This is an exciting time for the Canadian Mining Hall of Fame and a new venue will provide us with a tremendous opportunity to respond to the intense demand for increased capacity,” says Patricia Dillon, Mining Hall of Fame chairperson.

The transition to the Metro Toronto Convention Centre was a significant decision, and one not taken lightly by the board of directors. “Obviously there is substantial history attached to the original venue; however, we felt this was the best way to honour inductees and serve the attendees,” says Dillon. Continue Reading →

The Mining Supercycle And Its Demise – by Christopher Ecclestone (InvestorIntel.com – December 2, 2015)

http://investorintel.com/

The “death throes” of the once vaunted Commodities Supercycle have been dragging on now since 2011 and are starting to look like the much derided “death scene” in the original Brideshead Revisited in which Sir Laurence Olivier took seemingly forever to depart the mortal coil.

Like the Supercycle, that scene had an inevitability about it and eventually the viewers were anxious for it all to be over.

Those amongst us who believed the Supercycle was immortal have now been brought down to earth because all good things must end… but maybe it’s a truism that all bad things must end too… so in the wake of the Supercycle’s demise (and there are a few hardies out there who sustain it will rise from its grave) we now should accept matters and look beyond. Continue Reading →

NEWS RELEASE: Kirkland Lake Gold Creates an Ontario-Focused Intermediate Gold Producer With the Acquisition of St Andrew

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, ONTARIO–(Marketwired – Nov. 16, 2015) – Kirkland Lake Gold Inc. (“Kirkland Lake” ) (TSX:KGI) and St Andrew Goldfields Ltd. (“St Andrew”) (TSX:SAS)(OTCQX:STADF) are pleased to announce that they have entered into a binding definitive agreement (the “Agreement”) whereby Kirkland Lake will acquire all of the outstanding common shares of St Andrew pursuant to a plan of arrangement (the “Transaction”) to create a multi-asset, Ontario-focused, intermediate gold producer.

Under the terms of the Agreement, common shareholders of St Andrew will receive 0.0906 of one common share of Kirkland Lake (the “Exchange Ratio”) for each St Andrew common share held. The Exchange Ratio represents the equivalent of C$0.47 per St Andrew common share, based on the closing price of Kirkland Lake on November 16, 2015. The Exchange Ratio implies a 46% premium based on both companies’ 20-day volume-weighted average prices and a 25% premium to St Andrew’s closing price, both as at November 16, 2015 on the Toronto Stock Exchange. The Exchange Ratio implies a total equity value of approximately C$178 million on a fully diluted in-the-money basis. Continue Reading →

Exclusive: First Quantum hires Jefferies to sell nickel assets – sources – by Euan Rocha and Freya Berry (Reuters U.S. – November 5, 2015)

http://www.reuters.com/

TORONTO/LONDON – First Quantum Minerals has retained Jefferies to explore a sale of its two nickel mines as the Canadian base metal miner looks to trim debt levels and double down on its bets in copper, three sources familiar with the matter said

The sources, who declined to be named as details of the plan are not public, said the move to sell the assets would help the company achieve its goal of reducing its debt levels by over $1 billion.

A spokeswoman for First Quantum declined to comment on the plan. A spokeswoman for Jefferies was not immediately reachable.

Two of the sources said the assets on the block are Kevitsa, a nickel-copper-platinum mine in Finland and Ravensthorpe, a nickel mine located in Western Australia that the company bought back in 2010. Continue Reading →