NexGen unveils Harpoon discovery
VANCOUVER — NexGen Energy (TSX: NXE; US-OTC: NXGEF) just can’t stop making discoveries at its Rook I uranium property in Saskatchewan’s Athabasca basin. The company made headlines earlier this year with…
Rio Tinto plc
Champion Iron optimistic at Bloom Lake
Champion Iron (TSX: CIA; ASX: CIA) is lowering projected costs at the recently acquired Bloom Lake iron ore mine in the Labrador Trough, as part of a plan to restart…
Optimism remains for investment in Northwest Territories
VANCOUVER — The Northwest Territories, which has led Canada in diamond and tungsten production, became a single-commodity producer in late 2015 after North American Tungsten (CVE: NTC) closed its Cantung Mine, 300 km from Watson Lake,…
Turquoise Hill lands US$4.4B to go underground at Oyu Tolgoi
A group of 20 lenders have come up with US$4.4 billion in project financing for Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) to build the underground portion of its Oyu Tolgoi copper and gold mine in southern Mongolia.
Diamond glut ‘not as catastrophic’ as people believe: Lucara CEO
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.
Adventures in automation
Leaders in the mining industry are starting to recognize that automation is part of the answer to the sector’s productivity problems, says Michael Murphy, chief engineer, mining technology enabled solutions with leading mining sector…
Editorial: Diamond market in wait-and-see mode
The response of diamond miners to the decline in rough prices over the past year — they’ve fallen around 16%, according to the WWW rough diamond index — has been…
Mining sector forced to innovate
The mining sector is facing a Darwinian moment, delegates at the first annual Technology and Innovation in Mining conference in Toronto heard in September.
Editorial: Do FIFO operations aggravate mental health problems?
Worldwide, Western Australia could be considered ground zero for fly-in, fly-out (FIFO) mining operations, with thousands of mining personnel daily making the air commute from home in pleasant cities like Perth to work for long stretches at…
Wall Street rises, July 13-17
Strong earnings reports and relief after the parliament in Greece voted for austerity measures lifted all three major indexes in the U.S. The Dow Jones Industrial Average gained 1.8% to finish at 18,086.45, the S&P 500 Index rose 2.4% to…
Diamond producers’ association on the horizon?
More than a decade after De Beers relinquished control of the diamond sector, the major diamond miners are looking at forming a new industry association to co-operate on common issues,…
Dominion delivers
Despite a softening in rough diamond prices, Dominion Diamond (TSX: DDC; NYSE: DDC) generated significant free cash flow in fiscal 2015 — paving the way for the company’s first dividend…