The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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There is a reason why Nunavut has one of the fastest-growing economies in Canada: mining. With one operating gold mine at Meadowbank, two huge projects on the verge of startup at Hope Bay and Mary River, five projects advancing through the environmental assessment process at Meliadine, Back River, Hackett River, and the Izok corridor as well as exploration activities continuing across all three regions of the territory in 2013, there's little wonder that Nunavut's "time has come." "Mining has the best potential to create...
Among the dozen or so companies that are advancing mineral-rich deposits in Nunavut this year, none has more going on inside and outside of the territory this summer than Glencore Xstrata plc. Xstrata plc, owner of the Hackett River silver-zinc project located in western Nunavut, merged with Glencore International plc in late May to become one of the world's largest mining and trading companies. The US$30 billion deal created a mega-entity that employs nearly 200,000 people in 50 countries around the globe to generate full...
You say the world's frontiers have all been conquered, and Nature's riddles have all been solved? Don't tell that to Darnley Bay Resources Ltd. The Toronto-based junior is celebrating two decades this summer of working to unravel one of Earth's most intriguing mineral mysteries. The puzzle lies deep beneath the earth's surface in Canada's Far North in what potentially may be the strongest isolated gravity anomaly in the world and certainly, in North America. Located near Paulatuk, Northwest Territories on the Arctic coast,...
The story of the Meadowbank Mine in central Nunavut continues to be a tale of challenges met and obstacles conquered. From the hour that its development was conceptualized in the middle of the past decade, the gold at Meadowbank has delivered a succession of hurdles for its developers - first Cumberland Resources and then Agnico-Eagle Mines Ltd. - to clear. Agnico-Eagle acquired Cumberland in April 2007 in an all-share acquisition valued at C$710 million. In 2010, the gold producer brought Meadowbank into commercial...
A challenging economic climate in 2012 failed to impede growth in mining activity in Northwest Territories. As miners struggled to fund their work programs, numerous companies managed to plow ahead in the wake of regulatory improvements, advancing projects that could bring even more robust times to the territory's mineral resources sector. The Northwest Territories, one of Canada's three northern territories, is sandwiched between Yukon Territory to the west and Nunavut to the east. With a land mass of nearly 1,347,150...
The Northwest Territories has been closely linked with the mining industry ever since B.A. Blakeney, a prospector on his way to the Klondike, staked the first gold mining claim here in 1898. And although the focus has shifted from gold to diamonds, the industry remains at the forefront of any discussion regarding the NWT's economic well-being: the territory produced over C$2 billion in total mineral shipments in 2011, a staggering total for a jurisdiction which has a population that barely exceeds 40,000 residents. Although...
Northwest Territories, a vast expanse of mountains, forests and tundra, has been slower to experience the surge in mineral exploration and development activities that has swept across Yukon Territory and Nunavut in recent years. But the mining industry is turning its attention to the 1.17 million square kilometers (431,162 square miles) Arctic land - roughly two-thirds the size of Alaska - that lies in between. Permits have been issued for new areas of exploration and claims are being staked in places where such activity has...
PGD: TSX Chairman and CEO: Eric Friedland President: Brooke Clements Chief Geoscientist: Jennifer Pell, B.Sc. (Honors), Ph.D. Peregrine Diamonds Ltd. focused in 2012 on its diamond exploration projects in Nunavut and Northwest Territories, spending more than C$3 million on at least two successful exploration programs. In December, BHP Billiton Canada Inc., Peregrine's joint venture partner in the Chidliak Project located 120 kilometers (74 miles) northeast of Iqaluit, the capital of Nunavut opted to end the partnership and...
For a junior who lost a substantial funding partner, BHP Billiton Canada Inc., at the onset of the recent downturn in the financial markets, Peregrine Diamonds Ltd. hardly broke stride in exploration momentum in 2012. The aggressive explorer not only forged ahead with a substantial program at its highly prospective Chidliak diamond project on Baffin Island in Nunavut, it also made significant progress in identifying new kimberlites at its Lac De Gras projects in Northwest Territories. Further icing its cake, Peregrine success...
As the scope and tenor of a long-predicted shortfall in zinc supply begins to take shape, proponents of advanced mine projects in northern Canada with substantial deposits of zinc, along with lead, copper and/or other metals, are busy refining development strategies aimed at achieving production by the end of the decade. Near the front of the line are Tamerlane Ventures Inc., which is advancing the Pine Point Project in Northwest Territories, and Selwyn-Chihong Mining Ltd., which is working to develop the giant Selwyn...
The vast landscape of the Northwest Territories is blessed with an abundance of resources. It is a land filled with opportunity, and much of the mineral wealth remains untapped. Mineral explorers and producers are making best efforts to unlock this potential and seizing the opportunities that await them. The Government of the Northwest Territories strongly supports responsible and sustainable mineral development that yields substantial economic benefits to NWT residents, communities and businesses. Four mines are operational...
East of the hub of Canadian production in Northwestern Territories, diamond exploration intensified this year in far-flung corners of neighboring Nunavut. Ongoing work at the Chidliak Project to the east and the Jericho Mine to the west dominated activity in the sector, but explorers conducted modest programs at other projects in northeast and northwest Nunavut. Here's an early look at the progress of the 2011 campaigns and what lies ahead for them in 2012. Ready to build a mine At Chidliak, a 51/49 joint venture between BHP...
Rio Tinto Exploration Canada Inc., 60 percent owner and operator of the Diavik Diamond Mine in Northwest Territories is quietly looking for more diamond deposits in Canada's high Arctic. Though the company declined to confirm a start date for its 2011 exploration program or discuss its plans, officials of Indian and Northern Affairs Canada, Parks Canada, Environment Canada and other affected federal regulators signed off this spring on a new land use permit for proposed work to be carried out between March and October 2011...
Growing demand, especially in China and India, is driving intensified diamond exploration, development and mining activities in Northwest Territories. Diamond prices, which plunged during the recession, also have steadily rebounded recently amid healthier demand. The territory's producing diamond mines are pulling out the stops to boost their output, while developers of potentially a fourth large diamond mine reported progress recently in moving their project closer to startup. Output climbs at Diavik Harry Winston Diamond Co...
Prospects for Nunavut emerging as another major center of diamond production in Canada are rising right along with prices and worldwide demand for the sparkly stones, thanks to small group of dedicated explorers working across the northern territory. Peregrine Diamonds Ltd. and BHP Billiton are reporting ongoing exploration success in eastern Nunavut, while Shear Diamonds Ltd. is mounting a new effort to rehabilitate the closed Jericho Diamond Mine in the west. They and other explorers, including Diamonds North Resources...
All bets are off, but prospects for the project most likely to succeed in becoming the next producing mine in Northwest Territories got a boost recently when its developer commissioned a new feasibility study. Canadian Zinc Corp. in February reported engaging SNC-Lavalin Inc. to complete the feasibility study in 2011 for the underground Prairie Creek Project, a longstanding mining venture where it hopes to capitalize on several decades of development work to produce lead and zinc concentrates and a silver-bearing copper...
The search for furs opened up the Northwest Territories more than 400 years ago, bringing explorers and traders to the North. In today's economy, it's the search for - and the development of - mineral resources that is the one of the main cogs in the NWT economy. It's an industry that contributes more than C$1 billion annually to our economy and creates more than 2,000 direct jobs. And while the past two years have been challenging for the mining industry everywhere due to the global economic crisis that has seen exploration...
Diamonds continued to dominate mining production in Northwest Territories in 2010, but other hardrock mineral projects led most of the mineral exploration activity during the year. Yet 2010 is shaping up to be a year of recovery for nearly all of the territory's miners. Rough diamond production from Harry Winston's 40 percent share of the Diavik Mine totaled 650,000 carats in the second quarter, up significantly from 570,000 carats a year earlier. Rio Tinto plc controls 60 percent interest in Diavik, Canada's largest diamond...
DDMI President and COO: Kim Truter DDMI Superintendent, Geotechnical Engineering: Sarah Greer DDMI Chief Geologist: David Eichenberg The Diavik Diamond Mine is an unincorporated 60/40 joint venture between Diavik Diamond Mines Inc., a subsidiary of London-based Rio Tinto plc, and Harry Winston Diamond Mines Ltd., a subsidiary of Toronto-based Harry Winston Diamond Corp. Both companies have headquarters in Yellowknife, Northwest Territories. Diavik Diamond Mines manages the mine, which began diamond mining underground in...
The diamond industry is poised for a turnaround due to recovery in the U.S. market and growth in Asian diamond markets such as China and India, according to a new comprehensive report by Global Industry Analysts Inc. While Europe continues to have the world's leading markets for diamonds, rapidly growing Asian economies are expected to form a significant market group, the San Jose, Calif.-based market research publisher said Sept. 16. The report also predicted that diamond prices are expected to rise in the near future and...
Though most of the gold fever sweeping northern Canada these days is focused on Yukon Territory's White Gold district to the west and near Agnico-Eagle Mines Ltd.'s new Meadowbank Mine to the east in Nunavut, a growing number of explorers are trekking to the territory in between. Mining companies are returning to the Northwest Territories as gold prices set records, including a recent high of US$1,260 per ounce. But most of these explorers are targeting known deposits or previously identified mineralization rather than...
Two diamond mines in Northwest Territories are vowing to recruit new workers locally rather than continue a longstanding practice of seeking candidates in southern Canada. Diavik Diamond Mines Inc., operator of the Diavik Mine, and De Beers Canada, owner of the Snap Lake Mine, reported plans in late November and early December, respectively, to add employees next year in anticipation of production increases. But the mining companies said they will concentrate on locating and training new employees who live in Northwest...
The Northwest Territories has a rich and diverse commodity base. There is significant interest in the development of strategic metals, base metals and precious metals. In 2008, exploration projects were active in all these areas. Of particular note are the Gahcho Kué Diamond Project, the Prairie Creek lead-zinc project, the Thor Lake rare-earth elements project, the Yellowknife Gold Project and the NICO gold-bismuth project. Mining in Canada's Northwest Territories continues to diversify even in the face of global...
AMM: TSX; AAU: AMEX Chairman: Duane Poliquin President and COO: Morgan Poliquin Organized in 2002, Almaden is one of the few companies specializing in the generation of new mineral properties, particularly gold, silver and copper with world-class potential in the western half of North America. By courting joint ventures and maintaining a large portfolio of properties, Almaden retains interests in a larger number of properties than would be economically feasible otherwise. And by building such partnerships, Almaden...
Kinross Gold Corp. - operator of the largest gold mine in the Tintina Gold Belt - has embarked on a treasure hunt in hopes of identifying another Fort Knox-like deposit in this gold-rich province. The Tintina belt is a boomerang-shaped swath of land that spans the breadth of Alaska, through the Yukon Territory and into northern British Columbia. While Kinross works to extend the mine life of Fort Knox after 13 years of production through drilling, the Toronto-based miner is also investing in junior explorers with promising pr...
