Archive | Saskatchewan Mining

Explorers targeting Saskatchewan’s diversified mineral prospects – by Ellsworth Dickson (Resource World – September 22, 2020)

https://resourceworld.com/

Saskatchewan is the largest exporter of agri-food products in Canada; however, it is also notable for hosting a variety of mineral resources and even heat for a new geothermal plant.

The Prairie province has approximately half of the world’s potash reserves and 8% of the world’s recoverable uranium reserves. The Athabasca basin of northern Saskatchewan has the world’s highest grade uranium mines.

Its 2019 production of 18 million pounds of U3O8 are being used in Canada and globally to generate some 306 billion kilowatt hours of electricity which is equivalent to powering about 28 million homes with an almost zero carbon footprint – and there is a great deal of uranium yet to be discovered and to mine. Proven and Probable Reserves stand at 565.8 million pounds U3O8. Continue Reading →

BHP CEO eyes pivot to potash, but Nutrien chief warns new mines make ‘no sense’ – by Gabriel Friedman (Financial Post – August 31, 2020)

https://financialpost.com/

Potash is one of the few “future-facing” commodities that BHP Group, one of the world’s largest miners, expects to produce in the future, according to Mike Henry, the chief executive of BHP Group.

Henry said that when the company takes stock of the “megatrends” occurring in the world, such as decarbonization and the electrification of vehicles, it sees potash, a fertilizer salt that enriches crop quality and quantity, as a smart bet.

“I’ve been clear that BHP needs to increase its exposure to future facing commodities and that includes things like copper, nickel and potash,” Henry said in an exclusive interview with the Financial Post. Continue Reading →

Saskatchewan building rare earth processing plant, capitalizing on emerging industry – by Anna McMillan (Global News – August 27, 2020)

https://globalnews.ca/

Construction has begun on a facility expected to put Saskatchewan at the fore of an emerging industry in the mining sector.

The province has invested $31 million to build a rare-earth element processing facility in north Saskatoon, owned and operated by the Saskatchewan Research Council (SRC).

“In the future, rare-earth elements are going to play a major role in powering the 21st century,” Premier Scott Moe said at a news conference on Thursday. Continue Reading →

Discontent in Belarus could benefit Canada’s potash miners – and send this 5% yielding dividend stock soaring – by Ian McGugan (Globe and Mail – August 26, 2020)

https://www.theglobeandmail.com/

Pro-democracy protests in Eastern Europe are helping to boost the outlook for Saskatchewan’s potash miners. Investors who fled the bad-news sector in recent years may want to take a fresh look at the situation.

Shares of Nutrien Ltd., Mosaic Co. and other companies with potash mines in Canada have bounced higher over the past month. The jump reflects improving fundamentals in the fertilizer industry.

It also reflects geopolitical turmoil – in particular, the decision of many Belarussians to walk off their jobs as part of mass demonstrations aimed at toppling the country’s long-time dictator, Alexander Lukashenko. Continue Reading →

Do any Liberals still support Canadian resources? – by Brad Wall (National Post – August 25, 2020)

https://nationalpost.com/

If properly supported, Canada’s resource sector and Canadian agriculture will be leaders in the recovery

Were there an official committee of the federal cabinet constituted of those members who were fiscally conservative, economy-focused and supported the Canadian resource sector, they might only need an e-bike built for two to accommodate in-person meetings.

Immigration Minister Marco Mendicino may be one of them and, hope against hope, the new finance minister may take the other seat.

Only after watching her approach to trade and, more recently, Western alienation, did I come to this view. Continue Reading →

BHP defers decision on Jansen potash mine – by Cecilia Jamasmie (Mining.com – August 18, 2020)

https://www.mining.com/

BHP (ASX, NYSE: BHP), the world’s largest miner, will decide whether to go ahead with its long-delayed $17 billion Jansen potash project in Canada by mid-2021, about a decade after completing the feasibility study for the operation.

The company had planned to make an investment decision in February 2021, but delays relating to the completion of shafts have pushed out the date by a few months.

BHP said initial challenges with placement of shaft lining, rectified since, as well as the group’s covid-19 response plan impacted Jansen’s progress during the quarter ended June 30. Continue Reading →

Star Diamond and Rio Tinto to face off in court – by Cecilia Jamasmie (Mining.com – August 12, 2020)

https://www.mining.com/

A Canadian court has ruled that Star Diamond (TSX: DIAM) has grounds to take its legal fight with Rio Tinto (ASX, LON, NYSE: RIO) to court over their joint Star-Orion South project in north-central Saskatchewan, but said the junior faces an “uphill battle.”

Judge Grant Currie said the Saskatoon-based company may struggle to prove that Rio Tinto Exploration Canada (RTEC) improperly exercised its options to obtain a majority ownership stake in the proposed diamond mine.

The legal row involves a 2017 agreement under which Rio Tinto’s subsidiary would spend $75 million in phases to acquire 60% of the Star-Orion South diamond project. Continue Reading →

This lithium exploration project could revitalize the Sask. oil industry – by Taylor Rattray (CTV News Regina – August 4, 2020)

https://regina.ctvnews.ca/

REGINA — A new project is bringing lithium exploration to Saskatchewan, and it could have major implications for the province’s oil industry.

Prairie Lithium Corp. is part of a project that will take oilfield brine water, and extract lithium through a series of chemical reactions.

“The lithium-free brine water is then sent back down hole for disposal, and the extracted lithium can be sent for further refining into battery-grade materials,” said Zach Maurer, president and CEO of Prairie Lithium Corp. Continue Reading →

Cameco’s uranium production on hold but hopeful for steadying market – by Nykole King (Saskatoon StarPhoenix – July 26, 2020)

https://thestarphoenix.com/

Reduced uranium production worldwide has sparked optimism that the market may be steadying.

Mining projects in Saskatchewan will operate to regular capacity this summer, except for Cameco Corp.’s uranium mine.

Cameco’s Cigar Lake uranium mine and SSR Mining Inc.’s Seabee gold operation opted to go into care and maintenance mode in March. A spokesperson for Cameco said the decision was made to protect workers and northern communities against the spread of COVID-19.

“Above all, we would need to have a sufficient degree of comfort that we could restart the mine, maintain production and bring more personnel back to site while still protecting the safety of our workplace, workforce and surrounding communities,” Jeff Hryhoriw said in an email. Continue Reading →

Saskatchewan sets up nuclear secretariat to plan for reactors – by Michael Bramadat-Willcock (National Observer – June 24, 2020)

https://www.nationalobserver.com/

La Ronge, Saskatchewan – The provincial government unveiled its plans Wednesday to establish an office to co-ordinate nuclear policy and program work within the Climate Change and Adaptation Division of the Ministry of Environment.

The new nuclear secretariat is mandated to develop and execute a strategic plan for the deployment of “clean-energy small modular reactors” in the province. No timeframe commitments were made in the announcement, which also did not provide sites in Saskatchewan where new reactors will be installed.

“The deployment of small modular reactors in Saskatchewan will require collaboration with several partners to fully encompass the benefits Saskatchewan could see in way of jobs, enhanced value chains for Saskatchewan’s uranium, and our made-in-Saskatchewan climate policy,” Environment Minister Dustin Duncan said. Continue Reading →

South Sask. governments eye tenuous coal-free economic future – by Evan Radford (Regina Leader-Post – June 9, 2020)

https://leaderpost.com/

CORONACH — As several local governments in south Saskatchewan eye an economic future without coal, a veteran of the industry is looking back on its history, uncertain what type of future development in the area is sustainable.

“I have no problem with wind- and sun-power. But if the wind don’t blow and the sun doesn’t shine, I don’t know what you’re going to do — put a crank on it?” scoffs 93-year-old Harold Siggelkow.

The longtime Coronach resident owned the local mine on the southeast side of town for two years, 1946 and 1947. He kept working in the industry several years thereafter, in Crowsnest Pass, Alta. and at the Coronach-area’s Poplar River power plant, which uses coal from nearby surface strip-mining, in the 1970s. Continue Reading →

Saskatchewan launches new lithium production project – by Jonathan Guignard (Global News – June 3, 2020)

https://globalnews.ca/

Saskatchewan will soon be home to a new lithium production project. The Prairie-LiEP Critical Mineral (PLCM) joint venture is being undertaken by Prairie Lithium Corp. and LiEP Energy Ltd.

Their two-stage pilot project will produce lithium hydroxide from some of the province’s oilfield brines. “This is another exciting development that promotes economic diversification in Saskatchewan,” Energy and Resources Minister Bronwyn Eyre said.

“Lithium has great potential, due to increasing worldwide demand, which is why supporting extraction technologies and a viable lithium sector are included in Saskatchewan’s growth plan.” Continue Reading →

COPPER-SILVER: Rio Tinto preps plans for 2020 at Janice Lake – by Staff (Canadian Mining Journal – May 20, 2020)

http://www.canadianminingjournal.com/

SASKATCHEWAN – Following up on a positive 2019 exploration program, Rio Tinto is planning 2,000 metres of drilling, plus mapping, prospecting and geophysical surveys this year at the Janice Lake copper-silver project in northern Saskatchewan.

The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals.

Last year’s program at the sedimentary copper-silver project, located 55 km southeast of Key Lake, included 21 drill holes totalling 5,209 metres. Continue Reading →

NexGen Energy lines up US$30M financing with Queen’s Road Capital – by Carl A. Williams (Northern Miner – May 12, 2020)

Global mining news

NexGen Energy (TSX: NXE; NYSE: NXE) has signed a US$30 million financing agreement with Queen’s Road Capital Investment (TSXV: QRC) and plans to use the funds to advance work at its flagship Arrow deposit, part of the company’s Rook 1 project in Saskatchewan.

“Warren Gilman, chairman and chief executive officer of Queen’s Road Capital, is a long-time shareholder and supporter of NexGen and also joined our board in 2017,” Leigh Curyer, NexGen’s CEO, said in an interview.

“Warren came to us and wanted to invest in uranium, but only wanted to invest in world-class projects and world-class management teams. We met both those criteria.” Continue Reading →

Uranium workers in northern Sask. facing 25 per cent pay cut – by Michael Bramadat-Willcock (National Observer – April 22, 2020)

https://www.nationalobserver.com/

Hundreds of workers in northern Saskatchewan will be hit with a 25 per cent pay cut in May, as Cameco Corporation’s Cigar Lake mine and Orano Canada Inc.’s McClean Lake mill extend their production suspension past the four week period that was announced on March 23.

“The global challenges posed by this pandemic are not abating — in fact, they are deepening,” Cameco’s president and CEO Tim Gitzel said in a written statement.

Cameco Corporation is the world’s largest publicly traded producer of uranium and Orano Canada Inc. operates the mill where ore from Cigar Lake mine is processed. Continue Reading →