Archive | Ontario Mining

Australians see open-pit potential at former Pickle Lake gold mine – by Staff (Northern Ontario Business – June 21, 2021)

https://www.northernontariobusiness.com/

A new discovery of high-grade gold, near the surface, has Auteco Minerals is boldly talking about the potential of an open-pit operation on the site of an old Pickle Lake gold mine.

The Western Australian gold explorer had been drilling unmined areas at the site of the former Pickle Crow Mine looking for gold extensions of the current one-million-ounce resource they compiled last September.

Auteco posted the latest batch of results from its now-completed 45,000-metre drill program at its Pickle Crow Project, highlighted a new discovery, dubbed Carey. The best intercept from Carey showed 5.3 grams per tonne over 20.4 metres at a relatively shallow depth of 102 metres. Continue Reading →

Greg Rickford becomes Ontario’s natural resources czar – by Staff (Northern Ontario Business – June 18, 2021)

https://www.northernontariobusiness.com/

One year out from a provincial election, Premier Doug Ford’s anticipated cabinet shuffle has cast his trusted cabinet minister from Kenora-Rainy River in a bigger role.

Out as Natural Resources and Forestry Minister is John Yakabuski. His job has been handed over to Greg Rickford.

Rickford, the former federal Natural Resources Minister in the Harper government, now consolidates his hold on all things natural resources with a merged title of minister of northern development, mines, natural resources and forestry. He remains Indigenous Affairs Minister. Continue Reading →

Timmins City approves restoration of iconic McIntyre headframe – by Thomas Perry (Timmins Daily Press – June 18, 2021)

https://www.timminspress.com/

Timmins-based Cy Rheault Construction Ltd. has been awarded a contract for the restoration of the McIntyre headframe. City council gave the thumbs up to the project that will cost $520,000, plus HST, during Tuesday’s meeting.

“Currently, the headframe is being used by Newmont (Corporation) as part of its operations for the Hollinger pit,” said Gerry Paquette, the city’s acting manager of Parks and Recreation.

“The headframe does belong to the city, however, and it does require some significant repairs. Continue Reading →

Indigenous training funds flow for Geraldton-area gold mine project – by Staff (Northern Ontario Business – June 17, 2021)

https://www.northernontariobusiness.com/

Queen’s Park delivers $3.6 million to prepare the construction, mining workforce for Greenstone Gold open-pit mine

Greenstone Gold Mines will have a homegrown skilled workforce at its disposal by the time the green light is given to start construction of an open-pit gold mine and processing plant, south of Geraldton.

Provincial Labour, Training and Skills Development Minister Monte McNaughton announced $3.6 million in training dollars for up to 150 Indigenous trainees to get involved in the massive $1-billion development project.

“A good job is a source of dignity and pride,” said McNaughton in a June 17 webcall. “By preparing people for careers in the trades, you give them a shot at a solid future with great pay.” Continue Reading →

Vale, Local 6500 ‘remain apart on important issues’ – by Jim Moodie (Sudbury Star – June 16, 2021)

https://www.thesudburystar.com/

Clawbacks to benefits and pensions are the main sticking points for Local 6500, union officials said Tuesday — a day after members resoundingly shot down a new offer from Vale.

“Times are good right now in Sudbury — in fact they’re very good,” said Myles Sullivan, assistant to USW District 6 director Marty Warren, during a press conference.

“Now is not a time to be forcing us out on strike, demanding concessions. So yeah, we’re disappointed and frustrated, but ready to roll up our sleeves and get back to the bargaining table. It takes two sides to do that and we’re ready.” Continue Reading →

Exploration roundup: The search for battery metals charges up these Temiskaming junior miners – by Staff (Northern Ontario Business – June 15, 2021)

https://www.northernontariobusiness.com/

Untapped resources of silver and cobalt bring out the drill rigs to historic northeastern Ontario mine properties

A surge of exploration activity is taking place in the historic mining camps of the Temiskaming area as junior miners poke holes and survey ground in looking for new veins of silver and bypassed stockpiles of cobalt, needed for the electric vehicle market and to feed the critical minerals supply chain.

A steady diet of high-grade silver results have been emanating from a former Temiskaming silver mine where Vancouver junior miner Brixton Metals has been exploring an unmined portion of its 3,200-hectare property.

The company released the last batch of drill results from an 18,000-metre fall and winter drilling program at its Langis Project, situated just north of Lake Temiskaming and very close to the Québec border. Continue Reading →

Sudbury Local 6500 rejects latest offer from Vale – by Staff (Sudbury Star – June 15, 2021)

https://www.thesudburystar.com/

A new contract offer from Vale to its striking workers was rejected by a strong margin Monday. Eighty-four per cent of USW Local 6500 members participated in a vote Monday evening, with 87 per cent opposing the revised deal.

The union’s own bargaining team had called the offer “concessionary” and did not recommend it to members. In a release, Vale expressed disappointment that the union had taken this stance.

“The company was in active negotiations with Local 6500 when it was informed of this position,” the miner said. “Vale’s second offer addresses issues of concern that we heard from our employees, including wages, pensions and post-retiree benefits for new hires.” Continue Reading →

Harte Gold brings banker on board for strategic review of White River mine – by Staff (Northern Ontario Business – June 10, 2021)

https://www.northernontariobusiness.com/

Gold producer sets the bar high in seeking financing to expand mine, boost production, build more ounces

Scotiabank is assisting Harte Gold in a strategic review of its Sugar Zone Mine near White River.

The banker is working with the Toronto gold miner, which needs a cash injection to further develop the three-year-old mine, boost production, and meet its debt obligations to its lenders.

A month ago, the company launched the review after falling short in some key performance areas and failing to reach some ambitious targets at the underground mine over the last year. Continue Reading →

With Wyloo on their heels, Noront CEO focuses on a ‘green’ metal future with Ring of Fire deposits – by Ian Ross (Northern Ontario Business – June 11, 2021)

https://www.northernontariobusiness.com/

Alan Coutts floats concept of downstream nickel processing plant for the electric vehicle battery market

Even the spectre of Wyloo Metals’ takeover bid hanging over his head didn’t deter Noront Resources CEO Alan Coutts from talking like the future mining kingpin of the Ring of Fire.

In his June 9 webcall to investors for Noront’s annual regional meeting, Coutts addressed the Australian elephant in the room by methodically walking shareholders through the process of digesting Wyloo’s unsolicited $133-million bid to acquire the Toronto junior miner before delving into his company’s ambitious plans for 2021 and beyond.

Wyloo came aboard last December as Noront’s biggest shareholder at 23 per cent before announcing its intention to make an all-out bid to pick up all the common shares of Noront it does not currently own. Continue Reading →

Enviro programs should be added, not cut – by David Farrow (Sudbury Star – June 10, 2021)

https://www.thesudburystar.com/

David Farrow is the Ontario Liberal Party candidate for Sudbury in next year’s provincial election.

During my first trip to Sudbury in 1985, I remember the area looking barren with little to no vegetation. It was a shock to someone who was a first-time visitor to the city.

Thankfully, local leaders have taken steps since then to restore the landscape and beautify our community, producing world-class results, in no small part due to the excellent environmental research and teaching at Laurentian University. It made the business hub of Northern Ontario a better place to live.

Shockingly, Laurentian’s School of the Environment and environmental programming, so important to the fabric of our city, have been gutted by the recent Companies’ Creditors Arrangement Act proceedings, alongside other vital areas of study. This is a mistake, one that will have consequences in the years to come. Continue Reading →

The Ring of Fire road is a ‘game-changing’ project to these realtors – by Staff (Northern Ontario Business – June 8, 2021)

https://www.northernontariobusiness.com/

Far North route, better rural connectivity makes Ontario Real Estate Association’s top infrastructure to-do list

The Ring of Fire and its would-be road made the Ontario Real Estate Association’s (OREA) Top 10 list of “game-changing” infrastructure projects in the province.

A Strategic Transportation Link to Ontario’s Ring of Fire ranked eighth behind a raft of transit and rail projects in the Greater Toronto Area, eastern and southwestern Ontario.

OREA called the Far North exploration camp, Canada’s “largest known source of untapped mineral wealth,” but it faces huge logistical challenge to reach the stranded nickel, chromite and base metal deposits due to the area’s remoteness. Continue Reading →

Sparking up the Ring of Fire – by D’Arcy Jenish (Canadian Mining Journal – June 8, 2021)

http://www.canadianminingjournal.com/

Progress on infrastructure in remote region offset by opposition from several First Nations, environmental groups

Once there were many. Now there are just two. The discovery in 2008 of vast deposits of nickel, copper, chromite, platinum and palladium in the Ring of Fire, in Ontario’s remote Far North, fuelled dreams of fabulous wealth and unleashed a predictable stampede to stake claims.

More than 35 junior mining companies laid claim to a piece of this crescent-shaped, mineral-rich formation, which, by some estimates, spans 5,000 sq. km. Even once mighty Cliffs Natural Resources of Cleveland jumped in with grand plans to invest $3.3 billion to a build a mine, a processing facility and a transportation corridor of 300-plus km to the CN rail line at Nakina.

But Cliffs was later forced to file for bankruptcy protection. Exploration money dried up. The dreams of future wealth evaporated as the prospects of production receded ever further into the future. And one by one, all those juniors exited, leaving just two Toronto-based companies still standing – Noront Resources and KWG Resources. Continue Reading →

Glencore preparing to go deeper than deep at Timmins’ Kidd Mine – by Staff (Northern Ontario Business – June 8, 2021)

https://www.northernontariobusiness.com/

Feasibility study to be start on another expansion to world’s deepest base metal operation

After 55 years, the world’s deepest base metal mine looks to still have some life yet.

Glencore Canada is spending US$44 million on drilling and a feasibility study in preparing for another deep mine expansion at Kidd Mine near Timmins Kidd’s current life of mine runs out at the end of 2023 but Glencore management and technical staff have been working to extend it.

Known as Mine 5, Glencore said they’ve put 89,000 metres of drilling into the ore body and have queued up a new round of 87,000 metres once safety protocols are put in place. Continue Reading →

Inside the battle to own a prized nickel deposit in Ontario’s remote Ring of Fire – by Gabriel Friedman (Financial Post – June 8, 2021)

https://financialpost.com/

Wyloo Metals, backed by an Australian iron ore magnate with deep pockets, is looking to buy Noront Resources for its prospective nickel as a carbon transition play

As the world stumbles towards a decarbonized future, moving sideways and planting false steps at times, Luca Giacovazzi says he knows one thing: The transition is good for Northern Ontario’s nickel.

In a story that is still unfolding, in late May, Luca Giacovazzi, head of Australia-based Wyloo Metals Pty Ltd, announced he was prepared to invest roughly $133 million to buy Noront Resources Inc. — the Toronto company that’s spent years trying to develop a new mining district near the James Bay Lowlands of northern Ontario, called the Ring of Fire.

Cut off from all-season roads connecting to the rest of the province, the Ring of Fire has always faced long odds of becoming a mining area. Continue Reading →

Wyloo Metals would put proposed Sault ferrochrome plant under the microscope, if successful in bid for Noront Resources – by Ian Ross (Northern Ontario Business – June 7, 2021)

https://www.northernontariobusiness.com/

Australian mining investor focused on mining, processing nickel for Ontario’s electrical vehicle manufacturers

The prospective Australian buyer for Noront Resources won’t make any immediate shifts in strategy in the Far North mineral exploration camp should it acquire the Toronto junior mining company. But it will reassess the location of a proposed ferrochrome processing plant slated for Sault Ste. Marie as part of its own independent study.

The head of Wyloo Metals, the Perth-based mining company, is making it clear that the apple of its eye is the high-grade Eagle’s Nest nickel deposit – the lead project in Noront’s mine development pipeline – not so much its chromite prospects.

“The focus is on nickel,” said Luca Giacovazzi in an interview with Northern Ontario Business. The chromite potential in the Far North mineral belt, Giacovassi said, is viewed by Wyloo as more of a “longer term opportunity.”

Privately held Wyloo, a subsidiary of Tattarang, one of Australia’s largest private investment firms, is making a stab at acquiring all of the outstanding common shares of Noront, well beyond the 23 per cent share stake it currently holds as Noront’s largest shareholder.

The company announced its intention in late May to make a $133-million all-cash bid for Toronto-based Noront, the lead mine developer in the remote James Bay region.

For the rest of this article: https://www.northernontariobusiness.com/regional-news/far-north-ring-of-fire/wyloo-metals-would-put-proposed-sault-ferrochrome-plant-under-the-microscope-if-successful-in-bid-for-noront-resources-3850652