Archive | Ontario Mining

Canada’s Pure Gold starts trading in London – by Cecilia Jamasmie (Mining.com – May 20, 2019)

http://www.mining.com/

Canada’s Pure Gold Mining (TSX-V: PGM) has begun trading on the main market of the London Stock Exchange under the ticker PUR, in a move aimed at lifting the company’s international profile ahead of its transition to producer from developer.

The Vancouver-based miner, which is advancing a high-grade gold project in Ontario, believes a dual listing will give it access to a much broader pool of international capital, at a time when junior miners in Canada are having a hard time competing with the booming cannabis sector.

Interest in the emerging business, which spiked after Canada legalized the recreational use of cannabis in October, has been sucking investment capital away from the mining sector, and hitting juniors hardest, a recent study by BDO shows. Continue Reading →

Ring of Fire bungling jeopardizes Green prosperity for North – by Steve May (Sudbury Star – May 18, 2019)

https://www.thesudburystar.com/

Buried beneath the feet of Northern Ontarians are the materials that will drive the green economy. Nickel, copper, cobalt and lithium are needed in abundance for batteries that will store electric energy.

The world is already shifting from greenhouse gas-emitting fossil energy sources like coal, oil and natural gas in an effort to minimize the very worst effects of climate change. Northern Ontario, with our abundant mineral resources, is strategically positioned to be a global leader in the clean economy.

Leadership requires commitment – and that’s always been a problem for Northern Ontario, a vast but sparsely populated region that is far too often treated as a resource colony by governments and investors located in southern Ontario. Our region’s mineral wealth is far too often seen as resources ripe for exploitation, rather than as the building blocks for our own prosperity. Continue Reading →

Northern Superior discovers gold-bearing structures at massive TPK project in Ontario – by Staff (Mining.com – May 17, 2019)

http://www.mining.com/

Northern Superior Resources (TSXV: SUP) reported the discovery of eight gold-bearing structures and alteration zones at its Ti-pa-haa-kaa-ning gold-silver-copper project located in northwestern Ontario.

In a press release, the miner said the discoveries represent a critical and important advance in defining bedrock-hosted high-grade gold mineralization, necessary to yield the unique world-class gold grain-in-till dispersal apron and high-grade boulders defined and recovered within the Big Dam area, one of the three management zones into which the property has been subdivided.

According to Northern Superior, the structures have the potential to host economic deposits of gold because they have elevated gold values in widths of up to 20 metres, mineralized alteration envelopes with widths up to 30 metres, and a strike length of up to 2 kilometres, defined by tying mineralized structure to geophysical signature. Continue Reading →

What The Heck Is That? — Our industrial Lake Louise – by Jim Moodie (Sudbury Star – May 16, 2019)

https://www.thesudburystar.com/

Few people would mistake Sudbury for Banff, and yet there is one spot just northwest of the city off MR 35 that I like to think of as our own little Lake Louise.

Easily spied on the west side of the road near the turnoff to William Day Construction, its surface is a vivid turquoise that has no doubt caught the attention of a few passing motorists other than myself.

It jumps out just as much, if not more, when you look at it from an aerial, satellite perspective in Google Maps, its hue so distinct from the other water bodies around it — more San Jose teal than Maple Leafs blue. Continue Reading →

NEWS RELEASE: Chamber concerned Bill C-69 could impact ferrochrome facillity – by Staff (Soo Today – May 16, 2019)

https://www.sootoday.com/

Today, Dave McHattie, vice president, Institutional Relations, Canada of Tenaris; Dennis Darby, CEO of the Canadian Manufacturers and Exporters; and Ashley Challinor, vice president of policy of the Ontario Chamber of Commerce came together for a press conference to call for changes on Bill C-69, An Act to enact the Impact Assessment Act and the Canadian Energy Regulator Act, to amend the Navigation Protection Act.

They are concerned Bill C-69 will impact the ability to build major projects in Canada and will therefore also impair Ontario’s economic growth and potential. If projects do not get built in the province or elsewhere in Canada, Ontario will suffer as it is the manufacturing backbone of the country and the supplier of goods and materials for most major development projects.

Dave McHattie, vice president, Institutional Relations, Canada of Tenaris explained: “If we cannot develop our Canadian energy resources and get them to market, we are losing an opportunity for our manufacturing sector supply chain. The energy and manufacturing sectors go hand in hand.” Continue Reading →

Vale still confident about nickel prices – by Staff (Sudbury Star – May 11, 2019)

https://www.thesudburystar.com/

A deadly dam disaster in its home country of Brazil has put Vale SA in the red. On the bright side for Sudbury, however, the company remains cautiously optimistic about the demand and price for nickel.

Bloomberg News reports Vale suffered the first quarterly loss since late 2015 as the company set aside funds to cover damages, legal costs and other obligations related to the dam disaster that left hundreds dead in January.

The agency said he world’s largest iron ore producer set aside US$4.5 billion and posted a loss of $1.64 billion as the company comes under strict government scrutiny that resulted in authorities freezing billions of dollars of its assets to ensure the victims will be compensated and environmental remedies will be implemented. Continue Reading →

Sudbury: ‘Sudbury would have stayed invisible’: Dick DeStefano on his 15 years as head of SAMSSA – by Casey Stranges (CBC News Sudbury – May 9, 2019)

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

A long-time advocate of Sudbury’s mining sector is calling it a career. After 15-years as head of the Sudbury Area Mining Supply and Service Association (SAMSAA) Dick DeStefano announced he is retiring.

The goal of the organization is to champion local service and mining equipment providers in Sudbury. DeStefano told CBC News that the group was able to create a “continual flow of information and awareness” of the sector.

“When we finally discovered there were over 25,000 people working in the industry and 8 per cent of the population in Sudbury worked in the supply industry alone and was generating something like $5 billion in sales, it seemed to be obvious to me that we really had a business that collectively was very powerful,” DeStefano said. Continue Reading →

December fire at Red Lake Mine raises red flags about lithium batteries – by Len Gillis (Northern Ontarion Business – May 13, 2019)

https://www.northernontariobusiness.com/

Underground blaze prompts call for new procedures to store, charge batteries for tools

Red flags have been raised about the possibility of lithium ion tool batteries catching fire in industrial settings, such as mines. Newmont Goldcorp’s Red Lake Gold Mines reported that an underground fire took place Dec. 6 when three workers went to get their tools on the 4400 level storage area.

“When the workers arrived, they smelled smoke,” said mine rescuer Loye Halteman at a recent safety conference in Sudbury.

One of the workers was sent back to a refuge station to notify security to “stench the mine,” thus releasing stench gas, a foul-smelling gas used to alert miners of impending danger. Continue Reading →

Batchewana First Nation will ‘decide’ fate of ferrochrome facility bid: Chief – by Elaine Della-Mattia (Sault Star – May 10, 2019)

https://www.saultstar.com/

Batchewana First Nation Chief Dean Sayers says he’s ready and willing to have meaningful consultation with all parties about whether his government can support Noront Resources’s proposed ferrochrome facility in Sault Ste. Marie.

He says he’s willing to set the table and invite others who want to enter into “meaningful” dialogue and follow the “inherent right and jurisdiction” Batchewana will exercise during the quest to find common ground.

“We’re going to do that in the very near future, with Noront and with the city (of Sault Ste. Marie), he said. And only when common ground is found and Batchewana First Nation is satisfied that the environment and its people will be protected, will the First Nation support a ferrochrome plant, he said. Continue Reading →

Could Northern Ontario produce its own stainless steel? – by Lindsay Kelly (Northern Ontario Business – May 10, 2019)

https://www.northernontariobusiness.com/

Could Northern Ontario manufacture its own stainless steel using chromite from the Ring of Fire? It was a popular topic of conversation during the 2019 gathering of the Federation of Northern Ontario Municipalities (FONOM).

Held May 8-10 in Sudbury, the conference welcomed close to 200 representatives from member municipalities scattered across northeastern Ontario, who discussed best practices, along with new challenges they’re facing following the April release of the provincial budget.

With the conference following on the heels of the announcement that Noront Resources had selected Sault Ste. Marie for its chromite smelter to process ore from the Ring of Fire, industrial energy costs was another hot topic amongst attendees. Continue Reading →

Sudbury: Noront CEO says company ‘has the chops’ to pull off Ring of Fire project (CBC News Sudbury – May 8, 2019)

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

Timmins mayor vows to push for facility, though company wants to build in Sault Ste. Marie

The head of a company planning to build a ferrochrome smelter in Sault Ste. Marie says he’s confident the project will move forward as planned.

On Tuesday, Noront Resources announced it will build its smelter to process ore from the Ring of Fire in Sault Ste. Marie. The company had narrowed down two locations for the project: Timmins and Sault Ste. Marie. In response to the announcement, the mayor of Timmins stated “it’s not over until it’s over.”

“We know it will be a number of years before any facilities are built,” George Pirie said. “We think that we’ll have time to affect the decision. We don’t think Noront will be the company that builds the facility. They don’t have deep enough pockets required to build it and will have to bring in a bigger partner.” Continue Reading →

Consultation and engagement the new mining norm: Noront CEO: Al Coutts shares learned experience during student workshop – by Lindsay Kelly (Northern Ontario Business – May 7, 2019)

https://www.northernontariobusiness.com/

Al Coutts was working as chief geologist for Falconbridge at Kidd Mines in Timmins when he got the big break he had been waiting for: a promotion to mine manager.

It had been his goal to work in Sudbury where the big mines were, and Coutts felt like he had finally made it. But he hadn’t been celebrating long when his boss, Warren Holmes, broke the news that Coutts wouldn’t be posted to Sudbury, but to Raglan Mine, situated on the Ungava Peninsula in remote Québec.

He was visibly disappointed, until his boss delivered some sage words of advice. “It’s one thing to earn your opportunity,” Coutts, the current president and CEO of Noront Resources, recalled Holmes saying. “And it’s another thing to see it and take it when it’s staring you in the face.” Continue Reading →

Great Lakes port swayed Noront Resources in picking Sault for ferrochrome plant – by Ian Ross (Northern Ontario Business – May 7, 2019)

https://www.northernontariobusiness.com/

Smelter announcement sets wheels in motion for Queen’s Park to release Ring of Fire development strategy

Noront Resources president-CEO Alan Coutts decided it was finally time to end the suspense. After months, even years, of deferred decisions by the Ring of Fire mine developer to select a location for its ferrochrome production facility, the Toronto-based junior miner picked Sault Ste. Marie to be the host community for the proposed $1.1-billion smelter.

The company made its announcement in the Sault, May 7, informing the community of its plans to place the facility on Algoma Steel’s expansive brownfield port lands, just west of the steelworks.

The Sault and Timmins were the two finalists in the running to host the smelter in a site selection process orchestrated by Noront in February 2018. Thunder Bay and Sudbury were eliminated from contention last July. Continue Reading →

[Frontier Lithium] ‘This is a Sudbury story’ – by Jim Moodie (Sudbury Star – May 8, 2019)

https://www.thesudburystar.com/

With electrical vehicles poised to explode in coming years, a Sudbury company is hoping to establish what it calls a “battery ecosystem” in Northern Ontario.

“You need to have a lithium mine first, and mines will build chemical plants,” said Bora Ugurgel, manager of investor relations with Frontier Lithium, based in Val Caron.

The junior mining company is developing a lithium mine in northwestern Ontario that hosts the “highest quality deposit in North America,” he said, and expects a processing facility can also take shape in our region. Continue Reading →

[Timmins] City still has sights on ferrochrome plant – by Ron Grech (Timmins Daily Press – May 8, 2019)

https://www.timminspress.com/

Timmins officials not deterred by Noront announcement to accept Sault’s bid as the site for a proposed ferrochrome processing facility.

Timmins officials are not giving up hope. In light of Tuesday’s announcement by Noront Resources in favour of Sault Ste. Marie as the location for its ferrochrome processing facility, Timmins officials vow to continue to press a case for locating the smelter here.

Timmins’ hopes rest on a likelihood that when it comes time to start construction, Noront, a junior mining company, may not be the one calling the shots.

“We believe that there is lots of time to affect this decision simply because Noront will not be the company that builds this facility,” said Mayor George Pirie, who hosted a press conference in the boardroom of the Timmins Economic Development Corporation Tuesday afternoon. Continue Reading →