Canadian Regional Media and Web Publications – Page 21

Magna Mining planning to reopen Crean Hill mine near Sudbury (CBC News Sudbury – August 8, 2023)

August 10, 2023

https://www.cbc.ca/news/canada/sudbury/

The former Crean Hill mine operated from 1900 to 2002 before being closed

A Sudbury, Ont. mining company is setting its sights on reviving the Crean Hill mine for further exploration. Magna Mining Inc. acquired the mine in 2022. It recently completed a preliminary economic assessment on the mine, and the results of the study indicated the potential for more mineral production.

“What has been shown by the drilling that was done prior to Magna is there’s still a lot of resources left in the ground, a lot of nickel, a lot of copper, a lot of precious metals,” said Jason Jessup, CEO of Magna Mining.

Kinross picks up the pace to build Red Lake’s next gold mine – by Ian Ross (Northern Ontario Business – August 3, 2023)

August 8, 2023

https://www.northernontariobusiness.com/

Gold company making camp construction preparations while renewing partnership with area First Nations

Kinross Gold is wasting little time in advancing its Great Bear project, outside Red Lake, toward production. In posting its second quarter earnings and production results, the Toronto gold miner is ramping up its exploration efforts in the northwestern Ontario mining camp.

The company is making plans to go underground by carving out a decline at Great Bear to grab a bulk sample for metallurgical analysis while also probing deeper around its high-grade deposit, known as the LP Fault Zone. to look for gold extensions.

Gold production grinds to a halt at White River mine – by Ian Ross (Northern Ontario Business – August 1, 2023)

August 8, 2023

https://www.northernontariobusiness.com/

Silver Lake Resources shuttering operations to ‘reset’ mine plan and figure out the area geology

The Australian owners of the Sugar Zone Mine at White River said it’s halting mining operations and hitting the “reset” button.

In its quarterly activities report, Silver Lake Resources announced the mine will be shuttered for the current 2024 fiscal year in order to get a better handle on the geology, to fix a raft of inefficiencies, and come up with a new operating model. The company’s fiscal 2024 year ends next June 30.

Magna Mining sees 15-year mine life in reviving former Inco mine – by Staff (Northern Ontario Business – July 31, 2023)

August 3, 2023

https://www.northernontariobusiness.com/

Sudbury nickel junior miner posts preliminary economic assessment for pit and underground operation

Sudbury’s Magna Mining has tabled an economic and technical report to bring a former Inco nickel mine back into production. The exploration outfit and would-be mine developers released a preliminary economic assessment (PEA) showing strong mineable economics on its Crean Hill Project located in the southwest corner of the Sudbury Basin. A PEA is an initial report on what a mine operation could look like.

In the company’s evaluation of the property, Crean Hill has the potential for a 15 to 19-year mine life depending upon the mineral processing scenario they eventually choose, and bring it online at a “modest” cost.

Indigenous Leaders: Hans Matthews seeks common ground between industry, Indigenous communities – by Angela Gemmill (Timmins Today – August 2, 2023)

August 3, 2023

https://www.timminstoday.com/

The head of the Canadian Aboriginal Minerals Association out to dispel industry myths, answer cultural questions

It was a rock collection of pyrite or fool’s gold that piqued Hans Matthews’ interest in geology as a child growing up in the Toronto area. While still in high school in Toronto he published his first scientific paper in the Canadian Journal of Earth Sciences.

“I discovered a 13,000-year-old forest buried north of my house in a gravel pit,” Matthews said. Scientists became excited about the possibility of making other discoveries in that area. That curiosity turned into a 30-plus year career as a geologist for the member of the Anishinabek Nation. Matthews lives in Wahnapitae First Nation, outside Sudbury.

Vale Base Metals confirms partial sell-off to Saudis and the US – by Len Gillis (Sudbury.com – July 29, 2023)

July 31, 2023

https://www.sudbury.com/

Analysts say deal is part of a Vale strategy to grow value of its nickel and copper holdings ahead of electric vehicle demand .

Vale has confirmed it is selling off part of its newly formed Vale Base Metals unit in two separate agreements.

Ten per cent of the company going to Saudi Arabia’s Mining Co (Ma’aden) and the Saudi Public Investment Fund (PIF), and three per cent being sold to U.S. investment firm Engine No. 1. The entire deal is valued at $3.4 billion according to a report from Reuters.

Agnico Eagle touts exploration success at Detour and Kirkland Lake – by Ian Ross (Northern Ontario Business – July 28, 2023)

July 31, 2023

https://www.northernontariobusiness.com/

Toronto company sets record gold production in second quarter results

The Abitibi Gold Belt of northeastern Ontario and western Quebec continue to be the happy, high grade hunting grounds for Agnico Eagle. The seemingly never-ending gold potential of the Toronto miner’s Detour and Kirkland Lake operations were among the highlighted items in the company’s second quarter results released this week.

Agnico Eagle reported an adjusted profit of $322.4 million this week, up 11 per cent from a year earlier, on the back of record gold production of 873,204 ounces from its mines in Ontario, Quebec, Nunavut Territory, Mexico and Finland. Its all-in-sustaining cost is US$1.150 per ounce.

Quebec copper mine builder is on the fast track in northern Michigan – by Ian Ross (Northern Ontario Business – July 27, 2023)

July 27, 2023

https://www.northernontariobusiness.com/

Highland Copper inks a mine development partnership deal with Kinterra Copper USA

A Quebec-based junior miner with a copper deposit in northern Michigan has brought aboard a deep-pocketed partner to advance it to production.

Longueuil-headquartered Highland Copper has entered into a joint venture with Kinterra Copper USA to bring cash and technical expertise to turn its White Pine North project into a mine. Kinterra made a cash payment of $30 million to take a 66 per cent ownership stake in the project. White Pine North is one of two copper projects owned by Highland. Copperwood is the other, located 60 kilometres (37 miles) to the southwest.

Vale Base Metals preparing to sell part of the company to Saudis – by Len Gillis (Northern Ontario Business – July 26, 2023)

July 27, 2023

https://www.northernontariobusiness.com/

Reports say Vale poised to sell 10 per cent stake with nickel and copper production on the rise

International and Sudbury nickel miner Vale is ready to sell off 10 per cent of its base metals division to Saudi Arabia, according to reports in the business media.

The Wall Street Journal, Reuters and BNN Bloomberg have reported that the Saudi Arabia Public Investment Fund (PIF) is regarded as the leading bidder to acquire a stake in Vale SA’s multibillion-dollar nickel and copper operations. Vale Base Metals is headquartered in Toronto, and is one of the world’s largest producers of responsibly sourced nickel, copper, cobalt and platinum group metals, said the company website.

Homegrown junior miner finds its footing in the Dryden gold camp – by Ian Ross (Northern Ontario Business – July 19, 2023)

July 20, 2023

https://www.northernontariobusiness.com/

Dryden Gold takes to the field to probe former mining camp for high-grade mineralization

The search is on for high-grade gold in the Dryden area by a new exploration player in the northwest. Dryden Gold, a privately-held company, plans to enter the market this fall with an initial public offering to raise money to drill a substantial land package, 30 kilometres east of the city near Dinorwic.

The Dryden-based junior miner holds a property package of almost 40,000 hectares on a promising greenstone belt with the potential to harbour high-grade gold. “We have the same kind of rocks you see in the Red Lake camp two hours away,” said company president Maura Kolb in a recent interview with Crux Investor.

Ottawa Valley graphite developer spies Quebec for processing plant – by Staff (Northern Ontario Business – July 17, 2023)

July 17, 2023

https://www.northernontariobusiness.com/

Northern Graphite signs land deal for Baie Comeau port property

An Ottawa-based graphite company, with a deposit between North Bay and Ottawa, is purchasing land on the St. Lawrence River to build a battery anode manufacturing plant. Northern Graphite, which holds with Bissett Creek deposit located off Highway 17, signed a letter of intent with the city of Baie Comeau, Que. to purchase a 300-acre brownfield property for US$1.2 million.

Subject to securing financing and government approvals, the company wants to build a hub processing capable of processing 200,000 tonnes a year for its three graphite properties in Ontario, Quebec and Namibia. The intent is to supply anode material to lithium-ion battery manufacturing plants throughout North America.

Hudbay, Japanese miner reach deal on Flin Flon exploration – by Eric Westhaver (The Reminder – July 12, 2023)

July 14, 2023

https://www.thereminder.ca/

Hudbay has reached a deal with a Japanese mining company that could lead to multiple years of mineral exploration near Flin Flon’s existing mine processing facilities.

Hudbay has reached a deal with a Japanese mining company that could lead to multiple years of mineral exploration around the Flin Flon area.

Hudbay announced July 6 that company representatives had signed a memorandum of understanding with Marubeni Corporation for “a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay’s existing processing facilities in Flin Flon.”

The lure of lithium creates an exploration boom in the Northwest – by Ian Ross (Northern Ontario Business -July 12, 2023)

July 14, 2023

https://www.northernontariobusiness.com/

Developers with lithium deposits edge closer to construction while new explorers make inroads into the region

Northwestern Ontario is one of the one of the most active areas for lithium exploration in the world. Entering the height of the summer field season, the news flow emanating from junior mining firms is fast and furious. The projects range in progress from early-stage prospecting to more advanced mine-ready developments.

Lithium prices began booming in 2021, crashed through the first four months of this year, then finally stabilized in June. There are no lithium mines in Ontario.

Nyabeze appointed MICA network director – by Staff (Northern Ontario Business – July 11, 2023)

July 12, 2023

https://www.sudbury.com/

Chamirai (Charles) Nyabeze is well-known for his role as vice-president of Business Development and Commercialization with the Centre of Excellence in Mining Innovation

Well-known Sudbury mining industry executive Chamirai (Charles) Nyabeze has been appointed as Network Director for the Mining Innovation Commercialization Accelerator Network (MICA).

Nyabeze’s new role was announced on June 22 and officially commenced on July 6, said a news release from MICA. The appointment comes with the full support of the Centre for Excellence in Mining Innovation (CEMI), where Chamirai has been a member for the past 11 years, the release continued.

Highest of honours for Sudbury’s Leo Gerard – by Staff (Sudbury Star – June 30, 2023)

July 10, 2023

https://www.thesudburystar.com/

Governor General Mary Simon names union leader a Companion of the Order of Canada

Leo W. Gerard, the Sudbury miner who went on to lead the United Steelworkers union, has received this country’s highest civilian honour – Companion of the Order of Canada.

Governor General Mary Simon, who bestows the Order of Canada, said in a release that Gerard is being recognized “for his vast and influential work in labour advocacy, notably as the seventh International President of the United Steelworkers union.”