The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 176 - 190 of 190
IQALUIT, Nunavut - Now that Agnico-Eagle Mines Ltd. is producing three or four 8-kilogram bars of gold every week at the newly opened Meadowbank Mine in the central region, government, business and mining industry officials here are beginning to look ahead toward the territory's next big challenge. "Meadowbank's startup is a small step for us in Nunavut," said Paul Kaludjak, president of Nunavut Tunngavik Inc., the Inuit organization that co-administers the Nunavut Land Claims Agreement with the Government of Canada. "We...
IQALUIT, Nunavut -Mayors and representatives from six Nunavut communities offered feedback on the effects of mining exploration and development activities in their respective areas during a forum at the 13th annual Nunavut Mining Symposium held April 14 at the Frobisher Inn and Conference Centre. The panel members voiced concerns about potential detrimental effects of mining activities on the environment. "How will the companies make the land like it was before?" asked Mayor Ernie Bernhardt of Kugluktuk, a community in...
No discussion of opening Canada's Far North to mineral resource development could get far without the focus turning to Nunavut, the nation's newest and least-explored territory. At one-fifth the size of Canada, Nunavut contains 1,994,000 million square kilometers, or 770,000 square miles, (nearly three times the size of Texas). Much of the territory is underlain by Archean-aged rocks similar to those found in the most productive geology in Ontario, Quebec, South Africa, Australia, and Brazil. But much of this geology is...
Meadowbank, Nunavut's newest gold mine, produced its first gold bar Feb. 27, marking an important milestone for owner Agnico-Eagle Mines Ltd. Workers poured the gold bar, which weighed 8,134 grams or 287 ounces (nearly 18 pounds), at the mine near Baker Lake. "The target is to produce about 300,000 ounces per year, so we should pour, once a week, a few bars," the mine's manager, Denis Gourde, said March 1. The 39,000-hectare, or 96,330-acre, Meadowbank property is located about 110 kilometers, or 68 miles, by road north of...
Nunavut was created on April 1, 1999. The new territory and the public government, in which I am proud to be the Minister of Mines, was created as part of the largest aboriginal land claims settlement in Canadian history. The signing of the Nunavut Land Claims Agreement in 1993 marked a historic agreement between the Inuit of Canada's eastern Arctic and Canada. One of the key outcomes of that agreement was the creation of a new territory for all the people of Nunavut. This is a large territory. It is three times the size of...
AEM: TSX Vice chairman and CEO: Sean Boyd President and COO: Eberhard Scherkus Senior Vice President, Exploration: Alain Blackburn Agnico-Eagle is an international growth company focused on gold, with operations in Quebec and Finland, and exploration and development activities in four countries. Agnico-Eagle's LaRonde Mine in Quebec is Canada's largest operating gold mine in terms of reserves. The 37-year-old company is advancing the Meadowbank Gold Project in Nunavut to open-pit production to begin in the first quarter of...
Mineral-rich Nunavut Territory celebrated its 10th anniversary in 2009 and mining explorers seeking diamonds and precious and base metals brought their drills to the party. The territory, home to only 31,000 people living in 25 small, scattered communities, covers 1.9 million square kilometers, or one fifth the land mass of Canada and dwarfs Alaska by nearly 200,000 square miles. Of the young territory's economic prospects, mineral resource development offers perhaps the most long-term potential. "When I started work in...
As mineral-rich Nunavut Territory celebrates its 10th anniversary, Canadians and others are assessing changes made in the past decade and debating what the future will hold for Canada's newest territory. Nunavut, which means "our land," is a vast, frozen expanse of tundra laced with lakes, inlets and bays in the eastern Arctic. Spanning three time zones, it covers 1.9 million square kilometers, or one fifth the land mass of Canada. It also dwarfs Alaska by nearly 200,000 square miles. The territory is home to only 31,000...
Nunavut Territory's next mine appears to be a winner. On track to begin initial gold production in early 2010, the Meadowbank Project promises to deliver the best of what those who pressed for the creation of the territory had in mind - a mining venture capable of doing the heavy lifting needed to improve the local standard of living by providing steady, good-paying jobs along with significant public revenue. The Meadowbank property is located in the Kivalliq region of Nunavut and lies in the Third Portage Lake area, about...
Training the locals to work at the Meadowbank Project near Baker Lake in Nunavut Territory and pouring dollars into the community by purchasing services from local contractors is a big part of the commitment that Agnico-Eagle Mines Ltd. made to gain the right to produce the estimated 3.5 million ounces of gold it has identified so far on the property. "We anticipate a long-term, mutually beneficial relationship with citizens and government of Nunavut, much like our experience in Quebec," Agnico-Eagle Vice Chairman and CEO...
Producing mines Early in 2008, Tahera Diamond Corp., owner and operator of Jericho Diamond Mine - Canada's third, and Nunavut's first diamond mine - filed bankruptcy and sought creditor protection. Tahera opened the Jericho in 2006 and recovered and processed 155,000 metric tons (average grade of 0.79 carats per metric ton) during the fourth quarter of 2007, resulting in production of 122,500 carats valued at US$11.6 million, compared with US$8.4 million in the third quarter of 2007. However, financial losses were reported...
Mining exploration appears to be hotter than ever this season in the Northwest Territories and Nunavut, but the Canadian Arctic region's few producers are getting hammered by the strong Canadian dollar. The discrepancy was particularly evident in the territories' mining production. The total value of metal and diamond shipments from the Northwest Territories and Nunavut Territory decreased to C$1.53 billion during the calendar year 2007 for the second consecutive year, down from C$1.63 billion in 2006 and C$1.79 billion in...
Stornoway Diamond Corp. is aiming to become one of the few successful middle-tier diamond exploration and development companies, following its amalgamation with Ashton Mining and Contact Diamond Corp., which concluded in mid-January. The Vancouver-based company now has three advanced exploration projects in the eastern Arctic, one on the border of Quebec and Ontario, and another in northern Alberta, as well as a 50 percent interest in the Renard property in Quebec. Middle-tier companies are much more common in the gold sector...
Stornoway Diamond Corp. of Vancouver, B.C., worked up until a Sept. 18 deadline to win over minority shareholders of Ashton Mining of Canada Ltd., succeeding in wooing enough shareholders to move forward with the complex three-way merger. Stornoway said late Sept. 18 that conditions of its offer for outstanding shares of Ashton and Contact Diamond Corp. were met, and Stornoway has given notice to the depositary to take-up all shares tendered under the offers and extend the offers until Oct. 2. Stornoway proposed the...
Stornoway Diamond Corp. of Vancouver, B.C., launched an ambitious bid in July that, if successful, will create a mid-tier diamond exploration and development company in Canada. The complex three-way combination of Stornoway with Ashton Mining of Canada Ltd. and Contact Diamond Corp. is valued at C$140 million. Considered a significant consolidation of leading exploration companies in Canada's growing diamond industry, the transaction would have a market capitalization of more than C$200 million, enough financial strength to...
