Archive | Canadian Regional Media and Web Publications

Familial ties drive mining company: Manitou Gold president says it’s about keeping communities thriving – by Karen McKinley (Northern Ontario Business – May 18, 2018)

https://www.northernontariobusiness.com/

For Pat Dubreuil, mining is personal. Especially when it comes to one project near his hometown of Dubreuilville, which his grandfather founded with his four brothers as a sawmill in 1961.

He wears many hats as a local businessman, but on May 15 he spoke as president of Manitou Gold, a junior mining company, giving an update on its Kenwest property, south of Dryden, and its Goudreau area properties and patents, east of Dubreuilville.

The latter project is special for him. They are untouched properties on the edge of significant past finds, which have great potential to rejuvenate the area’s economy. Continue Reading →

Dissident shareholders take control of Zenyatta Ventures – by Norm Tollinsky (Northern Ontario Business – May 18, 2018)

https://www.northernontariobusiness.com/

A group of dissident shareholders of Zenyatta Ventures took control of the graphite junior mining company at a special meeting in Toronto May 11, turfing four of the six directors, including president Aubrey Eveleigh and executive chairman Keith Morrison.

Francis Dubé, Brian Bosse and Eric Wallman were elected to replace them. Everleigh resigned as CEO on April 17 but had remained with the company as interim president and director as Zenyatta began a search for his successor.

The Thunder Bay-based exploration company owns the high-purity Albany graphite project, west of Hearst.“For a group of dissident shareholders to band together and unseat extremely entrenched incumbents is rare to say the least,” commented one shareholder at the meeting. Continue Reading →

Deal to help struggling Sault steel plant – by Elaine Della-Mattia (Sault Star – May 12, 2018)

http://www.thesudburystar.com/

The United Steelworkers Local 2251 and 2724 have reached a tentative agreement with Algoma’s secured creditors. The tentative agreement, reached late Wednesday but finalized Thursday morning, helps pave the way for Algoma to emerge from bankruptcy protection.

Mike DaPrat, president of Local 2251, said the unions have been in negotiations for about two-and-a-half years. “We felt it was important that we get a fair collective agreement for our members. We’ve had our ups and downs and stops and starts,” he told The Sault Star.

But in the end, DaPrat believes the tentative agreement reached with the secured creditor’s group is fair. It offers no concessions and some improvements, he said. The membership will be the first to hear the details In the coming days, he said. Meeting dates, location and time have yet to be established. Continue Reading →

Jobs, revenues, share prices benefit as higher commodity prices boost B.C. mining – by Greg Klein (Resource Clips – May 11, 2018)

 

http://resourceclips.com/

Click here for full report: https://pwc.to/2IdNVGF

The bull’s still not back but higher commodity prices continue to sustain a mood of cautious optimism among British Columbia miners, PricewaterhouseCoopers assures us. Its 50th annual report on B.C. mining sketched a broad picture of the province’s industry by surveying 13 companies, focusing on 15 operating mines, a smelter and seven projects in the exploration, permitting or environmental review stage.

Among survey participants, gross revenue hit $11.7 billion in 2017, a 35% jump from the previous year and reflecting an upward trend in the mining cycle. (Except for commodity prices, all figures are given in Canadian dollars.) Governments scooped up $859 million in total mining revenues from those companies last year, compared with $650 million in 2016. Continue Reading →

NDP comes under fire for ‘anti-mining’ candidate – by Ron Grech (Timmins Daily Press – May 12, 2018)

http://www.timminspress.com/

TIMMINS – Timmins Mayor Steve Black says he’s disappointed the Ontario New Democrats have a candidate running in a Southern Ontario riding who has repeatedly questioned the economic importance of the Ring of Fire.

“It’s disappointing to hear that someone may not believe in the value of that project when it’s all most of Northern Ontario has been talking about economically for the past 10 years,” said Black, while attending the opening of Yvan Génier’s campaign office in Timmins Friday. Génier is the Timmins riding candidate for the Progressive Conservatives — the same party Black ran for in 2014.

The NDP candidate Black made reference to is Ramsey Hart, who is running in Lanark-Frontenac and Kingston. Hart used to work for Mining Watch Canada, a non-profit group that describes its mission as ensuring that mineral development worldwide is “consistent with the goals of sustainable communities and ecological health.” Continue Reading →

Editorial: sitting on a gold mine: Quesnel’s mining past may well be its future – by Melanie Law (Quesnel Cariboo Observer – May 12, 2018)

Quesnel Cariboo Observer

The Ministry of Energy, Mines and Petroleum Resources has declared May to be mining month, and as a city with its roots firmly planted in the industry, we’ve got a lot to celebrate.

The Cariboo Gold Rush attracted Canadians from across the country in the mid-1800s, as well as Americans, Brits and Chinese people hoping to find their fortune.

Quesnel is one of the many communities that became important in those days – hence the iconic gold pan, hundreds of times larger than an actual pan, located at the city’s northern entrance. Continue Reading →

Meteoric landing for Australian cobalt hunter: Junior miner does the groundwork to go drilling in the Cobalt camp – by Staff (Northern Ontario Business – May 9, 2018)

https://www.northernontariobusiness.com/

Meteoric Resources, a western Australian cobalt explorer, is gaining ground in the cobalt country of northeastern Ontario.

The Perth-headquartered outfit has been on a staking binge this spring to enlarge its holdings and fast-track its exploration efforts. In early May, Meteoric grabbed more than 33-square-kilometres of prospective ground, about 40 kilometres northwest of the Town of Cobalt.

Dubbed the Beauchamp Cobalt Project, the company said the property “has all the right rock types combined with great geological structure, and we look forward to fast-tracking exploration at the property.” Continue Reading →

Team Tahoe wins Timmins Mine Rescue Competition- by Len Gillis (Timmins Daily Press – May 12, 2018)

http://www.timminspress.com/

Team Tahoe has once again won the Timmins District Mine Rescue competition. The 2018 competition event was held at the Archie Dillon Sportsplex Wednesday, Thursday and Friday. Also competing were Kidd Operations and Goldcorp Porcupine Gold Mines.

The winning results were announced at the annual mine rescue dinner held Friday night.This is the second consecutive year for the Tahoe Resources crew to win the event under the leadership of team captain Adam Weagle and team coach Jim Davis.

Other team members are briefing officer Terry Roy, #2 man Sylvain Falardeau, #3 man Nicholas Schwehr, #4 man Matt Johnson, vice-captain Peter Gagné, #6 man Rick Martin, and team technician Dan Guillemette. Continue Reading →

Left in limbo in Pickle Lake: Old mine waste issues continue to stall development in northwestern Ontario community – by Ian Ross (Northern Ontario Business – May 11, 2018)

https://www.northernontariobusiness.com/

The Township of Pickle Lake is impatiently waiting for answers from Queen’s Park on what to do with a four-decades-old environmental legacy issue that’s hampering local development.

The presence of arsenic in surface tailings at the former Central Patricia mine site has the northwestern Ontario community in a long-running standoff with three provincial ministries. The mine site is located within the community and just off the highway that courses through town and runs north to service remote First Nation communities and Goldcorp’s Musselwhite Mine.

The tailings are spread over multiple places on the property, which ceased mining in 1954. Until mine closure plans were imposed by the province in the early 1990s, companies could walk away and leave their mess behind with no obligations. Continue Reading →

Drills confirming zinc at Pine Point – by Shane Lasley (North of 60 Mining News – May 10, 2018)

https://www.miningnewsnorth.com/

Osisko Metals Inc. May 8 said its winter drilling continues to confirm historical zinc mineralization at its newly acquired Pine Point zinc-lead project in Northwest Territories.

Located near the community of Hay River, the Pine Point project benefits from substantial infrastructure that includes road access, rail head in Hay River and hydro-electric power available on site. A preliminary economic assessment completed in 2015 examined several development scenarios and settled on a mining plan where 10 open-pit deposits are mined in sequence.

The deposits included in the mine plan host 25.8 million metric tons of measured and indicated resources averaging 2.9 percent zinc and 1.1 percent lead, plus 3.7 million metric tons of inferred resources averaging 2.9 percent zinc and 0.8 percent lead. Continue Reading →

Mine rescue teams rise to the challenge – by Len Gillis (Timmins Daily Press – May 11, 2018)

http://www.timminspress.com/

TIMMINS – Cloaked in darkness, with blinking miner’s lamps, the scratchy squawk of two-way radios, the cries of injured miners and the puffy sound of air whistles is just part of drama being played out at the Archie Dillon Sportsplex this week.

Seven mine rescue teams from both the Timmins and Kirkland Lake Districts are each taking their turn in sorting out a mock disaster designed to test their skills as rescuers and first-aiders in a complex underground setting.

The Sportsplex arena floor is mapped out into different zones representing different levels of a mine where the emergency has occurred. Each team is given time to get briefed on the scenario, gather their emergency equipment, give it a field test and then proceed to the source of the emergency. Continue Reading →

Who’s doing what, and why?: Four banks manipulate six commodities to manage other markets, says Ed Steer – by Greg Klein (Resource Clips – May 10, 2018)

http://resourceclips.com/

Probably the most facile way to dismiss a conspiracy theorist is to label the person “a conspiracy theorist.” Conventional thinking gives the term negative connotations, even though history and current events have an inconvenient tendency to reveal conspiracies in action.

Ed Steer’s interest in bullion manipulation started with the Hunt brothers’ 1970s silver conspiracy. Having spent decades watching the machinations of others, the newsletter writer and Gold Anti-Trust Action Committee board member adamantly declares that “there are no markets, just interventions.”

Drawing on the work of GATA and analyst Ted Butler, Steer believes precious metals “have been managed actively” in the COMEX futures market since 1973. Price suppression supports “the paper game they’re playing in the stock and bond markets,” a game that’s continued since the U.S. dropped the gold standard in 1971, he argues. Continue Reading →

‘Historic’ revenue sharing agreements signed with First Nations (Timmins Daily Press – May 8, 2018)

http://www.timminspress.com/

The First Nations groups, which include Mushkegowuk Council, Wabun Tribal Council and Grand Council Treaty #3, will share 45% of government revenues from forestry stumpage, 40% of the annual mining tax and royalties from active mines when the agreements were signed, and 45% from future mines in the areas included in the agreements.

The resource revenue sharing will enable First Nations to share in the economic benefits of forestry and mining operations near their communities, stated a release from the Ministry of Northern Development and Mines.

The First Nations will have full control to allocate the funds into key initiatives that support economic development, education, health, community and cultural priorities. Altogether, 39 communities will benefit. Mushkegowuk Grand Chief Jonathan Solomon said, “For far too long, we have seen resources extracted from our territory with no benefits except the IBA’s (Impact and Benefit Agreements) with the resource sector.” Continue Reading →

Pebble Mine: Taking the Battle to the Board Room – Again – by Joel Reynolds (Natural Resources Defense Council – May 07, 2018)

https://www.nrdc.org/

Bristol Bay Coalition Delivers Message of Unrelenting Opposition in Meetings with First Quantum Minerals in Toronto

Sometimes really bad ideas are hard to kill – especially these days. Take, for example, the Pebble Mine, which Environmental Protection Agency (“EPA”) Administrator Scott Pruitt rescued from its deathbed last May after cutting a deal with the project’s CEO. And just like that this reckless project had a new lease on life – and a new pitch for potential investors.

Last week in Toronto, together with a formidable delegation of leaders from the distant Bristol Bay region of southwest Alaska, my NRDC colleague Chris Tackett and I attended the shareholders’ annual general meeting (“AGM”) of Canadian mining company First Quantum Minerals and met with its Chair and CEO.

First Quantum, which draws 84% of its revenue from copper mines in Zambia, is looking to expand its operations to the United States by bankrolling the Pebble Mine – now solely owned by Northern Dynasty Minerals, a small Canadian mining exploration company based in Vancouver. Continue Reading →

Ford promises to share Ontario mining taxes – by Jim Moodie (Sudbury Star – May 4, 2018)

http://www.thesudburystar.com/

It has become a familiar scene in Sudbury: a crowd of largely silver-haired supporters waving Tory-blue banners, early-’80s hard rock blasting from speakers, and Doug Ford ascending a flag-decorated riser.

“I’ve been up here more than I’ve been in my own riding,” the PC leader remarked Thursday, to a hearty round of applause from the 200-odd faithful who filled half a gym at College Boreal.

The rally marked the third time the PC leader has been in the Nickel City since late February, when he first appeared as a candidate for the party leadership. He was back three weeks ago, at Cambrian College, vowing to replace Kathleen Wynne and put money in the pockets of taxpayers. Ford stuck to a similar script this time around, in many cases repeating the same phrases. He still wants to reduce hydro bills, fire the CEO of Hydro One, and resuscitate the Northlander train. Continue Reading →