The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 51 - 75 of 139
Dominion Diamond Corp. Sept. 10 released the results of a preliminary economic assessment for the Sable kimberlite pipe deposit located within the core zone of the Ekati diamond property in Northwest Territories, in which the company holds an 88.9 percent interest. The PEA envisions the recovery of 9 million carats of diamonds from 12.1 million tons of kimberlite over 10 years. This production, along with Jay, would supply ore to the existing Ekati process plant at its full...
Dominion Diamond Corp. sorts and sells diamonds it receives through its substantial interests in the world-class Ekati and Diavik mines in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 88.9 percent ownership of the project's Core zone as well as a 65.3 percent ownership in the Buffer zone. As of the end of April, Dominion's share of the reserves at Ekati was 110.8 million carats of diamonds, enough to keep the mine in operation into 2033. Mo... Full story
North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. In March, North Arrow launched a 28-hole (1,577 meters) drill program at Redemption, a diamond project located in the Lac de Gras district of NWT about 32 kilometers (20 miles) southwest of the Ekati Mine. This program, which targeted geophysical anomalies within the central part of the property, did not...
While most mining jurisdictions have seen sharp drops in mineral exploration spending, such investments in Northwest Territories has largely held steady at about C$100 million annually during the past five years. As a result, this diamond-rich territory accounted for roughly 7 percent of mineral exploration spending in Canada in 2016, compared with only about 2 percent in 2011. The ultimate measure of mineral exploration success is not the amount of exploration dollars spent... Full story
As the summer’s midnight sun gives way to aurora-filled winter night skies, seasons are once again changing in Canada’s Northwest Territories. And, much like the seasons, our resource industries are also in a time of transition. The NWT celebrates 25 years of diamonds this year with the opening of De Beers and Mountain Province’s Gahcho Kué, the world’s largest new diamond mine, which is expected to pour more than C$6 billion into our economy over its lifetime. Projects... Full story
Dominion Diamond Corp. March 19 confirmed that it has received an unsolicited US$1.1 billion buyout bid from Washington Corporations, a group of companies owned by billionaire Dennis Washington. Dominion said the preliminary expression of interest submitted by Washington is subject to, among other things, extensive due diligence, negotiation of satisfactory agreements and regulatory approvals, and is contingent on entering into discussions with Dominion on aggressive and off market terms and conditions. Dominion, which owns...
Dominion Diamond Corp. Nov. 7 announced plans to relocate its corporate office from Yellowknife, Northwest Territories to Calgary, Alberta. This relocation will impact roughly 100 of the company's Northwest Territories-based employees. The majority of its workforce, however, will continue to be employed in the Northwest Territories. In addition to its workforce at the Ekati mine site, Dominion will maintain an office in Yellowknife for certain key positions. The company's...
Dominion Diamond Corp. Sept. 22 reported the restart of the process plant at its Ekati Mine and the sale of an exceptional diamond recovered at the Northwest Territories operation. The Ekati process plant, which was damaged by a fire in June, resumed operations at full capacity on Sept.21. During the three-month downtime, Dominion implemented an active management strategy designed to mitigate the impact of the fire on production and cash flow for the current fiscal year. As... Full story
Silver Range Resources Ltd. Aug. 23 said it has acquired two new gold projects, Happy Thought and Grumpy, near a new proposed road in western Nunavut. In July, the Nunavut government and the Kitikmeot Inuit Association signed a memorandum of understanding for the completion of the proposed Grays Bay Road and Port project in the Western Kitikmeot Region. Championed by the Nunavut government, this project is being advanced "to economically move resources from Nunavut to...
Dominion Diamond Corp. June 27 said the processing plant at its Ekati diamond mine in Northwest Territories is out of operation due to a June 23 fire. The blaze was quickly extinguished and all personnel were safely evacuated from the plant without injury. The damages were limited to a small area of the process plant, with no damage to the main structural components. Repairs will require the replacement of one of the main degritting screens and associated components, as well... Full story
Dominion Diamond Corp. May 20 reported that Northwest Territories Minister of Lands Robert McLeod has approved the Jay project at the Ekati diamond mine, subject to the measures described in the Report of Environmental Assessment. "This is an important milestone for Dominion and for the northern economy," said Dominion CEO Brendan Bell. Jay, which has the potential to extend the life of Ekati by roughly a decade, is the most significant undeveloped deposit at the noted...
Dominion Diamond Corp. Feb. 22 reported positive results of a pre-feasibility study for mining the Sable kimberlite pipe located 17 kilometers (10.5 miles) north-northwest of the existing Ekati mine infrastructure in Northwest Territories. The pre-feasibility study updates certain key economic and technical assumptions regarding the Sable project from the preliminary economic assessment published in September. The Sable pipe lies beneath Sable Lake within the Core Zone Joint...
North Arrow Minerals Inc. Jan. 25 reported an agreement has been reached to sell royalty interests in its Redemption diamond project to Umgeni Holdings International Ltd. for C$800,000. Redemption is located in the Lac de Gras region of the Northwest Territories, roughly 32 kilometers (20 miles) southwest of the Ekati diamond mine. "This agreement with Umgeni represents a non-dilutive hard-dollar financing that strengthens North Arrow's treasury and allows North Arrow to...
Mineral exploration spending in Northwest Territories dipped sharply in 2015. While the final numbers are not in, Natural Resources Canada predicts exploration and deposit appraisal expenditures in the territory to be around C$43.6 million, or less than half the roughly C$95.8 million invested last year. Industry and government leaders in the territory, however, have come together "to develop a robust mineral industry in the NWT." In January, the government announced the... Full story
DDC.TO: TSX Chairman: Robert Gannicott Chief Executive Officer: Brendan Bell Chief Operating Officer: Chantal Lavoie Dominion Diamond Corp. mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 88.9 percent ownership of the project's Core zone as well as a 65.3 percent ownership in the Buffer zone. The 2015 exploration at Ekati focused on the Jay and Sable kimberlite pipes. Jay,...
NAR: TSX.V Chairman: D. Grenville Thomas President and CEO: Kenneth Armstrong Advisor: Eira Thomas North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. Located nine kilometers from the Hamlet of Repulse Bay (Naujaat), Qilalugaq encompasses Q1-4, a kimberlite with 48.8 metric tons of inferred resource averaging 53.6 carats per hundred tons for a total of 26.1 carats... Full story
Dominion Diamond Corp. Sept. 10 released the results of a preliminary economic assessment for the Sable kimberlite pipe deposit located within the core zone of the Ekati diamond property in Northwest Territories, in which the company holds an 88.9 percent interest. The PEA envisions the recovery of 9 million carats of diamonds from 12.1 million tons of kimberlite over 10 years. This production, along with Jay, would supply ore to the existing Ekati process plant at its full...
Dominion Diamond Corp. Feb. 23 reported annual production results for the Ekati and Diavik diamond mines in Northwest Territories. For the year ending Jan. 31, the company's Ekati mine produced 3.16 million carats of diamonds from 4.13 million metric tons of ore averaging 0.76 carats per metric ton, a marked improvement over the 1.66 million carats of diamonds from 3.36 million metric tons averaging 0.49 c/t for 2013. Dominion Diamond's 40 percent share of the mine production...
Thanks to recent progress in development of several major projects in 2014, the outlook for diamond mining in Northwest Territories is suddenly a lot brighter. This is especially good news for the territory's mining industry, which is largely dependent on the production of diamonds now and in the foreseeable future. This point was driven home most forcefully in "Measuring Success 2014: NWT Diamond Mines Continue to Create Benefits," a report recently released by the NWT & Nunavut Chamber of Mines. An update of a January 2013... Full story
The mining industry has been a pillar of the Northwest Territories' economy for more than 80 years. A strategic approach to manage resources in the territory is creating a new investment climate and opportunities for responsible resource development. In addition to being the largest private sector contributor to the NWT economy, the mining industry is also the largest private sector employer. As new mining and exploration projects emerge, it is essential to keep environmental sustainability and social responsibility top of... Full story
After ushering in devolution in concert with implementing the first phase of a well-reasoned mineral development strategy, the Northwest Territories is eager to attract new mineral resource investment in 2014 in hopes of building on an uptick in exploration activity in recent years. "The Canadian North is the next frontier in mining and mineral development and nowhere is this more evident than in the NWT," said NWT Industry, Tourism, and Investment Minister David Ramsay. Home to the third-richest diamond resources in the...
DDC: TSX / NYSE Chairman and CEO: Robert Gannicott Chief Operating Officer: Chantal Lavoie Executive Vice President, Community Affairs: Brendan Bell Dominion Diamond Corporation mines rough diamonds at the Ekati and Diavik mines, both located in Northwest Territories about 300 kilometers (190 miles) north of Yellowknife. The company operates the Ekati Diamond Mine through an 80 percent ownership of the project's Core zone as well as a 58.8 percent ownership in the Buffer zone. In July, Dominion Diamond Corp. announced that th... Full story
NAR: TSX.V Chairman: D. Grenville Thomas President and CEO: Ken Armstrong Advisor: Eira Thomas North Arrow Minerals Inc. has seven diamond exploration projects in Canada - Qilalugaq, Mel and Luxx in Nunavut; Lac de Gras and Redemption in Northwest Territories; Pikoo in Saskatchewan; and Timiskaming in Ontario. Located on the Melville Peninsula, Qilalugaq encompasses Q1-4, considered to be the largest known kimberlite in the eastern Canadian Arctic. In 2013, North Arrow confirmed an inferred resource for the Q1-4 kimberlite...
The Government of Northwest Territories has implemented a new Mining Incentive Program that was oversubscribed by midyear, with strong interest shown by companies and prospectors in the Northwest Territories and across Canada. "The Mining Incentive Program helps our government support those with the energy, expertise and perseverance that this industry relies on to conduct mineral exploration in an environmentally sustainable way," said GNWT Industry, Tourism and Investment Minister David Ramsay. "I especially look forward...
Diamonds exploration heated up in the Northwest Territories in 2014 as more and more companies mounted campaigns aimed at identifying the next big discovery in a region that has already produced three operating diamond mines and one well-advanced mine project. "It's been an exciting season for us because on April 1, we took over management of mineral and oil and gas resources in the territory. Overall, we're seeing a consistent trend for exploration as well as a bit of a resurgence of interest in diamonds," Pam Strand,...
