Canadian junior miners worth jumps for second year in a row

The rising number of exploration projects, equity and debt financings, as well as mergers and acquisitions, indicates a renewed confidence in the junior sector. (Image: Pure Gold Mining’s Madsen gold project in Ontario’s Red Lake gold camp.) After years of struggling following a drop in commodity prices, Canadian junior miners are seeing renewed confidence in[…]

Nova Scotia miners call for better balance in protected areas plan

The Mining Association of Nova Scotia is calling on the provincial government to strike a better balance between protecting jobs and protecting land. “While Nova Scotia’s mining and quarrying industry supports protecting natural lands for future generations, we also believe the provincial government’s Parks and Protected Areas Plan needs to strike a better balance between[…]

Why did this slide wipe $1.3B from Teck's market value?

Vancouver-based Teck Resources, Canada’s largest diversified miner which is close to completing a major oil sands project, reported on Thursday a nearly four-fold increase in quarterly profits. The metallurgical coal business of Teck, also a major copper and zinc producer, accounted for 72% of its gross profits during the first nine months of the year. Operationally[…]

Teck Resources shares fall on weaker own coal price outlook

VANCOUVER, Oct 26 (Reuters) – Canada’s Teck Resources Ltd reported weaker-than-expected third-quarter earnings on Thursday and forecast softer prices for its coal in the fourth quarter, sending its shares tumbling more than 8 percent. Teck, the world’s second-biggest exporter of steelmaking coal, said it expects a larger proportion of its coal sales in the fourth[…]

UNEP urges mining companies to better manage tailings facilities

The United Nations Environmental Programme released a report titled “Mine tailings storage: safety is no accident,” where the organization urges mining companies to put safety first and avoid erecting dams using methods that are known to be high risk. “The United Nations Environment Rapid Response Assessment on mine tailings looks at why existing engineering and[…]

New tool helps industry collect and share geoscience data

The Prospectors & Developers Association of Canada (PDAC) is gearing up to launch the Exploration Assessment Digital Data Formats (EADDF) guidelines, a practice that is expected to improve discovery rates of mineral exploration in Canada. The guidelines propose a uniform national standard for digital data submission for jurisdictional mine recording offices. “The idea behind the[…]

Huge increase in BC exports of met coal this year

In August 2016, exports of metallurgical coal through Prince Rupert’s Ridley Terminals totalled zero. One year later, the Prince Rupert Port Authority reported exports of metallurgical (“met”) coal had increased 1,341% in 2017’s first eight months compared with the same period in 2016: to 2,379,698 tonnes from 165,141. Since November 2016, per-tonne met coal prices[…]

Nova Scotia miners offer more than $8,000 cash to students who can prove industry ‘rocks’

As a way of rising awareness and interest in mining awareness among junior high and high school students in Nova Scotia, Canada, a provincial industry group is offering over $8000 in cash prizes to kids with some basic video skills. The Mining ROCKS! contest, now in its fourth year, hopes to inspire children to learn about[…]

Mining Association of Canada adds new actions to address climate change

To further enhance its climate change efforts, the Mining Association of Canada (MAC) and its members have committed to undertake more than a dozen additional actions to help in the fight against climate change. These actions are based on recommendations from the association’s Community of Interest (COI) Advisory Panel—an independent, multi-stakeholder group that advises MAC[…]

Caterpillar in search of new CFO as Halverson to retire next year

World’s largest mining and construction equipment maker Caterpillar (NYSE:CAT) announced Tuesday that its chief financial officer Brad Halverson would retire in early 2018, after spending nearly three decades with company. Halverson, who joined the Peoria, Illinois-based company in 1988 as an accountant, has also served as CAT’s group president since January 2013. “Brad assumed the CFO[…]