The New Prosperity battle begins again
WILLIAMS LAKE, BC — Two very different scenes played out on opposite sides of the building hosting the public hearing on the proposed New Prosperity mine in the hours before the hearing got started.
Regulatory Issues
Letter to the editor: Land title issue overblown
Your recent articles on the New Prosperity project contain some significant errors concerning aboriginal rights and title and their potential effect on the federal review panel process.
Mongolian voters re-elect president Elbegdorj
The re-election in Mongolia in late June of incumbent President Tsakhia Elbegdorj of the Democratic Party has elicited a lot of commentary on just what the result may mean for foreign mining companies in this enormous country of mountains,…
Commentary: A look at Canada’s strengthened Foreign Anti-Corruption Law
On June 19, 2013, Canada’s Corruption of Foreign Public Officials Act (CFPOA) was amended. New provisions significantly increase penalties for and the scope of individual and corporate liability for bribery of foreign public officials,…
Rye Patch settles claim dispute with Coeur Mining
VANCOUVER — It took nearly two years, but Vancouver-based junior Rye Patch Gold (RPM-V) has finally reached a legal settlement with U.S.-based silver producer Coeur Mining (CDM-T, CDE-N) over ownership of 400 unpatented mining claims that…
Barkerville’s new, much smaller Cow Mountain estimate
VANCOUVER — It took almost a year, but Barkerville Gold Mines (BGM-V) has stepped back — way back — from its claim that the Cow Mountain portion of its Cariboo gold project hosts a huge gold resource, and has the potential to…
OSC finds ‘unacceptable’ non-compliance among miners
The Ontario Securities Commission (OSC) has reported there is an “unacceptable” level of non-compliance when it comes to exploration and mining firms disclosing required information in technical reports — a vital document used…
Editorial: Building glass mines
Canada’s extractive industries got some high-profile international attention in mid-June. Prime Minister Stephen Harper used the lead-up to the G8 summit in London to announce that the federal government intends to establish new mandatory…
Commentary: TSX rule change gets mixed reaction Down Under
On Dec. 31, 2012, the Toronto Stock Exchange made amendments to its company manual to require that TSX-listed issuers elect all directors annually, in addition to changes requiring disclosure of majority voting policies.
Editorial: Dousing the Ring of Fire
One of the surprises of the year that in some ways isn’t such a big shocker is Cliffs Natural Resources’ announcement this past week that it is suspending work at its $3.3-billion Black Thor chromite project in northern…
Kinross abandons Fruta del Norte
VANCOUVER — Kinross Gold (K-T, KGC-N) is walking away from its development-stage Fruta del Norte gold project in Ecuador, five years after spending just under $1 billion on Aurelian Resources to acquire the project, and two years after…
Editorial: Fruitless del Norte
Kinross Gold’s abandonment of the Fruta del Norte gold project in the face of an obstinate Ecuadorian government is a sad end to what could have been a wonderful, mutually beneficially relationship between Canadian miners and their…