Industry
Mining & Resources
-
Barrick North America Leadership Changes
Barrick Gold Corporation announced management changes within its North America region. Michael Brown, President, Barrick U.S.A., will retire on December 31, 2018. He has been with Barrick since 1994, and has played a key role in the growth and development…
-
Mining – Conveyor Pulley Bearing Sealing
One of the most common pieces of equipment on a mine site is a belt conveyor. No matter what mineral is being extracted, this piece of equipment generally will be present in some form. Depending on the complexity and length…
Iron ore production to restart next year in Labrador mining town of Wabush
WABUSH, N.L. – The Labrador town of Wabush is in for a much-needed economic boost as one of Canada’s largest iron ore mines restarts production next year. Premier Dwight Ball travelled to Wabush Tuesday to announce the official reopening of…
Costs have swollen: Saskatchewan sues Ottawa over uranium mine cleanup deal
REGINA – The Saskatchewan government is suing Ottawa over what it says is a failure to live up to a deal to split the swelling costs of cleaning up an old uranium mine. “I just don’t see how they can…
Nutrien to focus on Saskatchewan for potash, writes off east coast facility
SASKATOON – The head of Nutrien Ltd. says the company has enough room for potash expansion in Saskatchewan that it doesn’t make sense to invest in expanding production in costlier regions. Chief executive Chuck Magro made the remarks on conference…
Barrick shareholders vote more than 99 per cent in favour of Randgold takeover
TORONTO – Barrick Gold Corp. says shareholders have voted more than 99 per cent in favour of a takeover of Randgold Resources Ltd. The proposed combination of the two companies, announced in September, would add gold mine properties in Mali,…
Funding for Borden “Mine of the Future”
Government of Canada plans to invest $5 million to help position Goldcorp Canada Inc.’s Borden Mine as a mine of the future, producing ore in a more environmentally sustainable way. Canada’s Minister of Natural Resources, the Honourable Amarjeet Sohi, Parliamentary…
Imperial reviews oilsands project approvals as heavy oil price discounts persist
CALGARY – Two new oilsands projects with the combined capacity to produce up to 200,000 barrels per day have been approved by the Alberta Energy Regulator but proponent Imperial Oil Ltd. isn’t saying when or if it will build them.…
Barrick Gold in talks with partners in China and Saudi Arabia on copper assets
TORONTO – Barrick Gold Corp. says it’s in talks with partners in China and Saudi Arabia on potential deals involving its copper assets as it looks ahead to its acquisition of Randgold Resources and an increased focus on African gold…
Resolute invests $40 million in northern Ontario mills, creates 25 jobs
THUNDER BAY – Resolute Forest Products Inc. says it’s investing $40 million in its northwestern Ontario operations to reduce emissions, increase capacity, and modernize equipment. The company made the announcement as Premier Doug Ford and Natural Resources Minister Jeff Yurek…
Yukon mine is mothballed as soft copper markets derail planned sale
VANCOUVER – A Vancouver-based mining company says soft copper and equity markets have combined to undermine the sale of its property in central Yukon, so it plans to shut the Minto Mine until a better opportunity is found. Capstone Mining…
U.S. Midwest refinery maintenance outages to weigh on Canadian oil prices
A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border. Analysts at AltaCorp Capital…
Eldorado Gold seeking $1.1B from Greece as compensation for permit delays
Vancouver – Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project. The company says the application is a non-judicial request for payment and…
Vancouver based Nevsun agrees to takeover bid by Chinese firm Zijin
Vancouver-based Nevsun Resources Ltd. says it has reached an agreement to be acquired by a Chinese firm for $1.86 billion. In a news release Wednesday morning, Nevsun says Zijin Mining Group Co. Ltd. will acquire all of its issued and…
Brookfield unit leads investment in Brazilian heavy equipment manager Ouro Verde
TORONTO – A group led by Brookfield Business Partners LP has agreed to buy a 55 per cent interest in Ouro Verde, a Brazilian heavy equipment and fleet management company, in a deal valued at about C$209 million. Ouro Verde…
Nunavut’s Lupin gold mine fined for not filing environmental reports on time
The owner of an inactive gold mine in Nunavut has been fined for filing environmental reports three years late. Lupin Mines Incorporated has pleaded guilty to the charge and faces a $100,000 fine. Daniel Smith, regional director of environmental enforcement…
Suncor restarting Edmonton refinery after power outage stalls production
Suncor Energy Inc. says it is in the process of restarting production at its Edmonton refinery after it was knocked offline by a power outage on Tuesday afternoon. The company, which owns Petro-Canada stations across Canada, is warning residents near…
Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role
Toronto – Yamana Gold says it is shuffling its top executives as founder Peter Marrone takes a step away from day-to-day operations at the mining company. Marrone will take on the new position of executive chairman to drive Yamana’s strategic…
Cameco: uranium prices too low to restart McArthur River mine operation
Saskatoon – Cameco Corp. had to lay off hundreds of employees at two uranium mining operations and its head office because the market remains oversupplied and prices are too low to restart idled production, Cameco chief executive Tim Gitzel told…
-
Klüber Lubrication premium HD greases for mining and quarrying equipment
Klüber Lubrication now offers Klüberplex EM 91-151 & 91-152, lubricating greases for applications in the mining, cement and quarry industries. It is formulated to adhere to metal surfaces and have excellent resistance to water, supporting high machine availability, reduced downtime…
