Archive | Newfoundland and Labrador Mining

Mineral deposits at Voisey’s Bay ‘exquisite,’ says geology professor – by Terry Roberts (CBC News Newfoundland and Labrador -June 19, 2018)

https://www.cbc.ca/news/canada/newfoundland-labrador/

Experts call Labrador operation ‘perfect battery metals mine’

Questions about the fate of mining operations at Voisey’s Bay over the past year have been replaced by unbridled hope and enthusiasm.

A green light for a multibillion-dollar underground expansion, a lifespan extended by many years, a workforce that will nearly double, and an operation poised to capitalize on what many expect will be an explosion in the demand for electric vehicles in the coming years.

You only need to pick up a metallurgical core sample from Voisey’s Bay to understand what all the hype is about, and you don’t need to be a geologist to know you’re holding something unique. Continue Reading →

Wheaton Precious Metals CEO says company ‘taking a gamble and investing in cobalt’ – by Gabriel Friedman (Financial Post – June 13, 2018)

http://business.financialpost.com/

A deal with Vale over cobalt marks the first time that Wheaton Precious Metals has moved outside the gold and silver space

Cobalt has given the Voisey’s Bay mine — one of the world’s largest nickel deposits — in Newfoundland and Labrador a new lease on life this week in yet another sign of the growing influence that the electric vehicle industry already exerts on global supply chains.

Brazilian giant Vale SA on Monday announced it will sell most of the mine’s future cobalt production for US$690 million to finance a long-delayed $1.7-billion expansion, which will add an underground component to the mine and extend its life by 15 years.

Cobalt, long considered an industrial metal used as an alloy in jet engines and natural gas turbines, is increasingly in demand for use in lithium-ion batteries. Forecasts that the electric vehicle industry is set for major growth over the next decade have increased cobalt prices by more than fourfold during the past two years to US$80,000 per ton. Continue Reading →

‘Momentous’: Vale gives green light to Voisey’s Bay mine expansion – by Holly McKenzie-Sutter (Globe and Mail – June 12, 2018)

https://www.theglobeandmail.com/

“More than half of the work force in the remote area accessible
by plane is Inuit or Innu, while more than 80 per cent of
contracts are with Indigenous-owned and operated businesses.”

Brazilian mining company Vale says it will proceed with construction of an underground mine at Voisey’s Bay, N.L., extending operations by at least 15 years and creating 1,700 jobs. Construction is to begin this summer and take about five years.

“A great day for Newfoundland and Labrador and a great day for Vale,” Newfoundland and Labrador Premier Dwight Ball said in St. John’s, N.L. Also on hand for what Ball declared a “momentous” announcement was Vale executive Eduardo Bartolomeo, Natural Resources Minister Siobhan Coady and former premiers Clyde Wells, Brian Tobin and Roger Grimes.

Once operational, Ball estimates the underground mine will create an additional 1,700 jobs in the mine and at the Long Harbour, N.L., processing plant. Continue Reading →

NEWS RELEASE: Premier Ball Announces that the Voisey’s Bay Underground Mine Will Proceed with Construction this Summer (Executive Council Natural Resources – June 11, 2018)

Today at an event in St. John’s, the Honourable Dwight Ball, Premier of Newfoundland and Labrador, announced that the construction of the Voisey’s Bay underground mine will proceed this summer. Premier Ball was joined at the announcement by the Honourable Siobhan Coady, Minister of Natural Resources, and Eduardo Bartolomeo, Executive Director Base Metals, Vale.

The underground mine will extend the operating life of Voisey’s Bay by at least 15 years and will result in:

  • Close to $2 billion in capital investment by Vale;
  • 16,000 person years of employment during the five-year construction period, peaking at 4,800 in 2020;
  • Once operational, 1,700 in jobs at the underground mine and Long Harbour processing plant;
  • 2,135 person years in indirect and induced employment annually;
  • $370 million per year in labour income; and
  • $1 billion in economic activity annually that will result in $69 million per year in provincial tax revenue.

Continue Reading →

Construction to start this summer on Voisey’s Bay underground mine (St. John’s Telegram – June 11, 2018)

http://www.thetelegram.com/

Construction of the Voisey’s Bay underground mine will proceed this summer, Premier Dwight Ball announced today (Monday) in St. John’s. Eduardo Bartolomeo, executive director of Base Metals, Vale, called the underground mine the natural evolution of the project.

First ore production from the underground mine is expected no later than April 2021 and will allow the continued operation of the Long Harbour processing plant.

According to government, the underground mine will extend the operating life of Voisey’s Bay by at least 15 years and will result in close to $2 billion in capital investment by Vale. It is expected to provide 16,000 person years of employment during the five-year construction period — peaking at 4,800 in 2020. Continue Reading →

Vale Reaches $700 Million Deal to Sell Cobalt Output – by Jack Farchy and R.T. Watson (Bloomberg News – June 8, 2018)

https://www.bloomberg.com/

Vale SA reached an agreement to sell future production of cobalt as battery makers look to shore up supply of the metal amid a nascent electric-vehicle boom, people with knowledge of the matter said.

The deal is for about $700 million of cobalt produced at the Voisey’s Bay complex in Canada that predominately churns out nickel, the people said, asking not to be identified because talks are private. Vale’s Rio de Janeiro-based press department declined to comment.

The Brazilian miner has been looking for financing to extend the life of the mine by transiting to underground from open-pit operations and has said publicly that a so-called streaming arrangement was among options. Continue Reading →

A Voisey’s Bay breakthrough? Significant mining announcement coming Monday – by Terry Roberts (CBC News Newfoundland-Labrador – June 8, 2018)

http://www.cbc.ca/news/canada/newfoundland-labrador/

Government, Vale confirms plans for a media event

Nickel prices have soared in recent months, and it now appears that rebound will mean big news for Labrador’s mining sector. Government and company officials have confirmed that a “significant” mining announcement will take place in St. John’s Monday, regarding the long-delayed underground mine at Voisey’s Bay.

“Indeed, the government is making a significant mining announcement on Monday and we look forward to joining them,” a spokesperson for Vale wrote in an email to CBC News Friday morning.

The government confirmed Friday afternoon that Premier Dwight Ball will join leaders from the Brazilian mining giant at 10 a.m. Monday at the Sheraton Hotel. No one will confirm details, but sources say Vale plans to announce that plans to establish an underground mine at Voisey’s Bay are back on track. Continue Reading →

Former geologist rocked by current version of Rambler’s mine – by Cory Hurley (NFLD Western Star – June 5, 2018)

https://www.thewesternstar.com/

BAIE VERTE, N.L. — Some might say sequels are never as good as the originals, but Tom Al says it is obvious that’s not the case with Rambler Metals and Mining. The former geological technician and mine geologist with Rambler in 1981 worked underground in the mine prior to its closure in 1982.

Al, the keynote speaker for the Friday, June 1 formal dinner at the Baie Verte and Area Chamber of Commerce’s 31st annual Mining Conference, took guests for “a trip down memory lane.” The Ming copper and gold mine is back in production, and reportedly has a 20-year mine life with 312 million pounds of copper and 57,000 ounces of gold.

He took a tour of the Rambler operation at the Ming mine Thursday, May 31, and was amazed at the new equipment and technology as well as the newfound emphasis on safety. Continue Reading →

[Al Chislett] Money didn’t change Voisey’s Bay discoverer, son says (CBC Newfoundland and Labrador – April 16, 2018)

http://www.cbc.ca/news/canada/newfoundland-labrador/

Brad Chislett says his dad was passionate about province, continued to enjoy the outdoors

As the Newfoundland legislature paid homage Monday to a mining pioneer who died last week of cancer, the man who called Al Chislett dad said he will miss the adventures and the conversation.

“My father was my best friend. I grew up idolizing him as a child because he was such a self-reliant man,” Brad Chislett told CBC Television’s Here & Now.

“As an adult we got to know each other very personally, working together as business partners, going on a lot adventures together, exploring Labrador, Newfoundland and travelling across the world. I’m just going to miss his company.” Continue Reading →

NEWS RELEASE: Development of the Labrador Trough – Position of the Innu of the North Shore (April 13, 2018)

UASHAT MAK MANI-UTENAM, QC, April 13, 2018 /CNW Telbec/ – In response to yesterday’s announcement of a new partnership between Quebec and Newfoundland and Labrador with respect to the development of the Labrador Trough, the Innu Takuaikan Uashat mak Mani-utenam and the Matimekush-Lac John Council wish to highlight the fact that the Labrador Trough is largely located within the traditional territory (Nitassinan) of the Innu of Uashat mak Mani-utenam and the Innu of Matimekush-Lac John, both of whom assert Aboriginal title and rights to the trough and the minerals found therein.

“Quebec and Newfoundland continue to live in a bygone era, one in which they believe it is still possible to disregard First Nations on their own territories.

Not only was Quebec just recently trying to sideline us from federal environmental assessments, but is now entering into partnership agreements that we are learning about after the fact.” Said Chief Mike McKenzie of the Innu Takuaikan Uashat mak Mani-utenam. Continue Reading →

Ball, Couillard talk mining, roads – by David Maher (St. John’s Telegram – April 12, 2018)

http://www.thetelegram.com/

N.L. and Quebec seek to expand mining in Labrador Trough

Premier Dwight Ball and Quebec Premier Philippe Couillard are sending a signal that the Labrador Trough is open for business for the mining industry.

The provinces entered an agreement on Thursday to send a signal that they aim to work together on jurisdictional and geological information. One of the goals is to eliminate jurisdictional squabbles over the Labrador-Quebec border that could delay mining the area.

“Both our jurisdictions are recognized as an attractive place to do business. What we want to do is make sure that we do a better job of sharing information,” Ball said. Continue Reading →

1995 PDAC Bill Dennis Prospector of the Year Award for the Voisey Bay Nickel Deposit – Albert E. Chislett and Chris L. Verbiski – by Stan Sudol

Chris Verbiski & Al Chislett (Wiki Source)

This excerpt is from the 2007 PDAC 75th anniversary publication.

Originally looking for diamonds in 1993, Albert Chislett and Chris Verbiski instead discovered one of the world’s major nickel sulphide deposits near Nain, Labrador. The Voisey’s Bay deposit was eventually bought and developed by Inco Limited. Most experts agree that the deposit will be a major source of nickel and regional prosperity for generations to come.

Chislett was born in Islington, Trinity Bay Nfld. in 1949. After studying business administration at Ryerson Polytechnical Institute in Toronto and working in the accounting department at Swift Premium in Ontario for five years, he established a successful construction company in St. John’s Nfld., and operated it for fifteen years.

His interest in geology and mineral exploration began in the late 1980s, stemming in part from his love of the outdoors. In 1988 he started operating an independent mineral exploration company and began prospecting full time. He was soon one of the most active prospectors in the province and was the first to receive a provincial prospector’s assistant grant. Continue Reading →

Al Chislett, co-discoverer of Voisey’s Bay, dies at 69 (CBC News Newfoundland and Labrador – April 9, 2018)

http://www.cbc.ca/news/canada/newfoundland-labrador/

Originally from Heart’s Delight-Islington, Chislett died of cancer

Al Chislett, the co-discoverer of the massive Voisey’s Bay nickel deposit in northern Labrador, has died in St. John’s at the age of 69.

Chislett, who with Christopher Verbiski discovered Voisey’s Bay in 1993, had been battling cancer. Before he died, he had been receiving care at the Miller Centre in St. John’s. He was originally from Heart’s Content-Islington but later lived in Conception Bay South.

The nickel deposit at Voisey’s Bay proved to be one of Canada’s most substantial mineral discoveries. The two men, who co-owned prospecting company Archean Resources, found the deposit while working for Diamond Fields Resources Ltd., which was later acquired by Inco Ltd. Continue Reading →

NEWS RELEASE: Anaconda Mining receives Industry Excellence Award for Environmental Stewardship

TORONTO, March 29, 2018 /CNW/ – Anaconda Mining Inc. (“Anaconda” or the “Company”) – (TSX: ANX) is pleased to announce it has been recognized with the Natural Resources Magazine’s Industry Excellence Award for Environmental Stewardship.

Natural Resources Magazine’s Industry Excellence Awards recognizes companies in Atlantic Canada’s natural resources sectors that are striving for and achieving greatness in resource development, health and safety, innovation, environmental stewardship and championing communities.

“Anaconda Mining strives to be an environmental leader in the mining sector with a focus on implementing proven and innovative green initiatives that contribute to the sustainability of the environment. Continue Reading →

[Shawn Ryan] Renowned Gold Detective Zeroing In On Major Discovery – by Jeff Nielson (Stockhouse.com – March 26, 2018)

http://www.stockhouse.com/

FULL DISCLOSURE: Labrador Gold Corp is a paid client of Stockhouse Publishing.

Early-stage mining exploration is not for the faint of heart. It’s hard work for the mining companies engaging in such exploration. And it can also tax the patience of investors. However, the rewards can be enormous.

Typically, early-stage mining companies are micro-caps. They have not (yet) established a mineral resource – with a quantifiable asset value. So their market cap reflects the speculative nature of such operations. But if one of these early-stage mining companies hits significant intercepts of mineralization, the company and its shareholders are generally very well-rewarded for such discoveries.

The key, for both mining companies and investors, is to maximize the odds for exploration success. One junior mining company that is especially excited about its odds for success is Labrador Gold Corp. (TSX: V.LAB, Forum). Continue Reading →