Archive | Quebec Mining

Bill Gates-Backed Company to Hunt for Cobalt Near Glencore Mine – by Jack Farchy (Bloomberg News – July 7, 2020)

https://www.bnnbloomberg.ca/

(Bloomberg) — A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore Plc.

Kobold Metals has acquired rights to an area of about 1,000 square kilometers (386 square miles) — roughly the size of New York City — in northern Quebec, according to Chief Executive Officer Kurt House. It’s the first such foray by the company to become public.

San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a “Google Maps for the earth’s crust.” Continue Reading →

ArcelorMittal considers sale of Canadian assets – by Cecilia Jamasmie (Mining.com – June 22, 2020)

https://www.mining.com/

ArcelorMittal, the world’s biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses.

The facilities the company may put on the chopping block include a 420km-long railway servicing the 24 million tonnes-per-year Mont-Wright iron ore mine in Quebec, FT.com reports.

Selling either the entire ArcelorMittal Infrastructure Canada (AMIC) unit, or a stake in it, would help the Luxembourg-based firm achieve its target of reducing net debt to $7 billion from $9.5 billion currently. Continue Reading →

Monarch Gold compiles data on Barrick original asset – by Staff (Mining.com – June 19, 2020)

https://www.mining.com/

Monarch Gold (TSX: MQR) announced that it will be undertaking a vast, detailed compilation and 3D modelling program on its Camflo property in Quebec, Canada.

Camflo is known for being Barrick Gold’s original asset. The property, located 15 kilometres northwest of Val-d’Or and 6 kilometres northeast of Malartic, includes the old Camflo mine and fully permitted mill and consists of 38 mining claims and one mining concession covering a total area of 948 hectares.

Camflo Mines discovered the deposit in 1962 while drilling distinct magnetic features. In 1984, Barrick Resources (later renamed American Barrick) merged with Camflo Mines and the deposit became Barrick’s first substantial asset. Continue Reading →

VAL d’OR: HALFBOOTS AND HIGH HEELS – by McKenzie Porter (MACLEAN’S Magazine – December 1, 1949)

https://archive.macleans.ca/

Quebec’s lusty young city of gold defiantly kicks up its heels but progress and plumbing are taming it into respectability

LAST AUGUST police raided Lew Gagnier’s so-called Hunting and Fishing Club in Val d’Or, Northwest Quebec, and seized chips, dice, shakers and gambling machines which had been used in the Yukon 60 years ago.

Not since Dawson City burgeoned to the ballads of Robert W. Service has such a lusty town as Val d’Or been whelped from the strike of a bonanza.

Fifteen years ago it was matted muskeg, the lair of timber wolves, 65 miles east of the then new gold mines in Rouyn-Noranda. Today it is a gilded city of 10,000 glittering in the heart of a forest.

The paradoxes of the old and the new are plain in Val d’Or. You could stand bathed in Neon light at either end of the mile-long main drag and bag a too curious moose in the bush which huddles up to the city limits. Continue Reading →

[Canadian Gold Mining/Exploration During Depression] The Trails of `34 – by Leslie McFarlane (MACLEAN’S Magazine – September 15, 1934)

https://archive.macleans.ca/

THE CARIBOO, the Yukon, the Porcupine—these fields have been the scenes of epic Canadian gold rushes. In each case the stage setting was colorful, the action dynamic. Each field had its peak year of raw drama. They were spectacular rushes, with an element of madness and frenzy. They belong to history.

And yet in sheer enormity, in point of men involved, money expended, wealth produced and in sight, not one of them could hold a candle to the great gold rush of ’34.

Men still speak of the Cariboo Trail and the Klondyke Trail. There can be no such convenient designation for the scene of this year’s great gold trek unless one refers in a general way to the ‘Trails of ’34. Because the scene is all Canada, and the trails lead to new fields and old. The effort is not concentrated upon a single area. The stage is so wide, so crowded with effects that the term “rush” may seem at first glance a misnomer. And yet from Nova Scotia to British Columbia, across the whole breadth of the Dominion, one of the greatest gold treks of all time is in full swing. Continue Reading →

Beware of China’s Rare Earth Recycling Dominance — Is It Too Late for North America? – by Kiril Mugerman (June 10, 2020)

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Kiril Mugerman is President & CEO of GeoMega Resources, a rare earth clean technologies developer for mining and recycling. [email protected]

Rare earth elements (REE) are used in many devices that people use every day including mobile phones, catalytic converters, magnets, fluorescent lighting, computer memory, DVDs, rechargeable batteries, and much more.

China, which produces more than 90% of the world’s REE, plays a dominant role in producing rare-earth elements—one that is forcing users of these metals to look for alternative sources.

REE are not rare as their name might imply and, in fact, have abundancies in the Earth’s crust that range from as high as that of copper, cobalt and lithium and to as low as that of tin. Continue Reading →

The Criticality of Developing a ‘Made in Canada’ Scandium Supply Chain – by Peter Cashin and Phil Chataigneau (June 5, 2020)

https://imperialmgp.com/

Peter Cashin is President & CEO of Imperial Mining Group and Phil Chataigneau the company’s Strategic Marketing Analyst.

Scandium has long been recognized as a grain‐refiner and hardener of aluminum alloys, however research and development completed to date in order to expand the use of this high-technology metal has been limited because global supply has been severely constrained. The limited availability of scandium in the commercial market, estimated at 35 metric tonnes per year, and the lack of an assured source of supply to provide material for new technologies and applications have limited its market growth.

Critical applications, although intriguing from a performance and capabilities enhancement standpoint, have been limited or ignored due to the lack of a reliable source of supply, high current cost, no scandium presence in the US Defense Stockpile and a 100% import reliance on China and Russia.

A new and reliable source of supply could enable the realization of the substantial benefits of scandium-aluminum alloy in aerospace and automotive lightweighting, military platform development and in fuel cell production. Continue Reading →

Val d’Or/Rouyn-Noranda Area Gold Production of 72 Million Ounces to Date (December 2019)

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The Abitibi is the largest Archean greenstone belt in the world. It’s roughly 150 km wide and stretches from just west of Timmins in Ontario for about 650 kms. to Chibougamau, Quebec. The Val d’Or/Rouyn-Noranda camp is located in the province of Quebec and has produced 72 million ounces of gold to date (December 2019).

This makes the Val d’Or/Rouyn-Noranda camp the second richest gold mining district in Canada after the Timmins camp in northern Ontario which has produced just over 76 million ounces by the end of 2018.

Total gold endowment for the Val d’Or/Rouyn-Noranda area reached 113.4 million ounces at the end of 2019. If current inferred resources are included, gold endowment increases to 142.6 million ounces earning a spot as one of the most prolific gold mining belts in Canada. Continue Reading →

Quebec gold miner looks to process ore in Timmins: Monarch Gold studying Glencore’s Met Site for possible toll milling job – by Staff (Northern Ontario Business – May 14, 2020)

https://www.northernontariobusiness.com/

A Montreal gold mine developer is eyeballing Glencore’s Metallurgical Site (Met Site) near Timmins to process its ore.

Monarch Gold is bringing its Wasamac property in western Quebec into production and had been looking at toll milling options on both sides of the border.

In a May 14, Monarch announced the signing of a memorandum of understanding (MOU) with Glencore Canada for the potential use of the Kidd concentrator to treat ore mined from the Wasamac deposit, 15 kilometres west of Rouyn-Noranda. Continue Reading →

Quebec lithium mine’s bankruptcy flags Canadian market obstacles, analysts say – by Kip Keen (S & P Global – May 8, 2020)

https://www.spglobal.com/

In Nemaska Lithium Inc.’s failure to launch a lithium mine in Quebec, analysts see some of Canada’s disadvantages in the global lithium market coming to bear. The company headed into creditor protection in late 2019 after spending about C$411.4 million on the C$1.27 billion Whabouchi lithium project as of Dec. 31, 2019.

Remote project locations lacking infrastructure and proximity to end markets, in particular China, along with weak lithium prices remain obstacles for the budding sector in Quebec and other parts of North America, according to analysts.

Benchmark Mineral Intelligence lithium analyst Andrew Miller said many factors have played a role in holding back some of Quebec’s potential lithium supply to the global market. Continue Reading →

‘Dangerously compromising’: Quebec mining sector reopening a concern for Indigenous leaders – by Susan Bell (CBC News North – April 15, 2020)

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

Cree Nation says it’s working closely with mining companies in its territory

News that the mining sector has been added to the list of priority activities in Quebec is being met with concern from some Indigenous leaders in the province.

Minister of Energy and Natural Resources Jonatan Julien announced on Monday that mining operations in Quebec are now on the list of priority activities and services, meaning they can gradually restart operations beginning Wednesday.

“Quebec’s decision to allow the resumption of mining operations in a hurry is dangerously compromising the efforts made by our communities to slow the spread of [COVID-19] in the regions,” said Ghislain Picard, grand chief of the Assembly of First Nations Quebec-Labrador, in a news release. Continue Reading →

Quebec miners go back to work with new restrictions to limit COVID-19 spread – by Dan Healing (Bloomberg News – April 14, 2020)

https://www.bnnbloomberg.ca/

TORONTO – Companies with mines in Quebec are moving to restart suspended operations after the province announced Monday it would redesignate mining, residential construction, auto mechanics and landscaping operations as essential services starting Wednesday.

The industries were included in a three-week shutdown of all non-essential services in Quebec starting March 24 to try to limit the spread of the COVID-19 pandemic.

The owners of Canada’s largest gold mine, Canadian Malartic, announced Tuesday they will restart operations at the open pit mine using measures that “meet or exceed” those demanded by the Quebec government. Continue Reading →

Canada’s Quebec allows mining to resume as an essential service – by Mariaan Webb (MiningWeekly.com – April 14, 2020)

https://www.miningweekly.com/

The government of Quebec is allowing mines to reopen as essential services from Wednesday, but only if they can comply with strict measures to limit the spread of Covid-19.

Mining companies, including Agnico Eagle, Eldorado Gold, Glencore, Iamgold and Yamana Gold, have confirmed that they would either resume operations this week, or analyse options to restart operations.

Yamana and Agnico Eagle jointly own Canadian Malartic, which entered care and maintenance on March 24. Yamana stated that the resumption of mining activity would occur over a period of several weeks, with full attention to the health and safety of returning employees, contractors and suppliers. Continue Reading →

Canadian Malartic, country’s biggest gold mine, shuts down temporarily – by Niall McGee (Globe and Mail – March 26, 2020)

https://www.theglobeandmail.com/

Canada’s biggest gold mine is shutting down under Quebec’s directive that all non-essential businesses close until April 13 to reduce the spread of COVID-19, putting more stress on the already battered Canadian gold sector.

The Canadian Malartic mine in the Abitibi region of Quebec produced about 450,000 ounces of gold last year, and is co-owned by Agnico Eagle Mines Ltd. and Yamana Gold Corp. Agnico’s Goldex and LaRonde mines, both in Quebec, are also closing under the province’s directive.

In addition, the Toronto-based company is paring back operations at its two mines in Nunavut, which heavily rely on Quebec workers. At Meliadine, Agnico plans to process ore from stockpiles for 40 days, while Amaruq will be sidelined entirely. Continue Reading →

Glencore shutters Quebec mines; operations in Sudbury continue – by Staff (Sudbury Star – March 27, 2020)

https://www.thesudburystar.com/

Glencore said Thursday its Raglan nickel and Matagami zinc operations in Quebec will be on care and maintenance for the next three weeks. Nickel from Raglan is shipped to Glencore’s Sudbury operations, where it is processed. Operations in Sudbury will continue to run.

“The government of Quebec has ordered all non-essential businesses to close in an attempt to slow the spread of COVID-19. Accordingly, our Raglan (nickel) and Matagami (zinc) operations in Quebec will be on care and maintenance for the next three weeks,” Glencore said in a statement. “In Ontario, the government has issued a similar decree, but mining has been designated an essential business and therefore our assets can continue to operate.”

The company said it is halting operations at its smaller mines around the world due to government restrictions to curb the spread of the coronavirus but added its larger operations were not materially impacted. Continue Reading →