The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 26 - 47 of 47
Explorers seeking new mineral discoveries in the Northwest Territories are expected to spend less in 2018 than the C$90 million they shelled out collectively last year. Natural Resources Canada projects spending this year for mineral exploration and deposit appraisals in the northern territory will total C$81.3 million. But some observers expect to see an uptick in hardrock mining exploration in 2018, especially in the highly prospective Slave Province where the Northwest... Full story
Rio Tinto and Dominion Diamond Mines Oct. 1 revealed three of the finest large rough diamonds recovered from their Diavik Mine in Northwest Territories. Collectively known as The Diavik Stars of the Arctic, these rough diamonds showcase a rare combination of size, quality and color from the Diavik diamond mine. The Diavik Stars of the Arctic will headline Rio Tinto's forthcoming "Specials" Tender, which showcases rough diamonds greater than 10.8 carats. Taking their...
Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to long-term gains, especially if many current roadblocks come down. "Optimism is warranted for the territory's mining sector and the broader economy it drives," said Wally Schumann, minister of industry, tourism and investment for the Government of Northwest Territories. But...
Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects on the horizon in Nunavut and Yukon, growth is expected to take off over the next five years," said Marie-Christine Bernard, director, provincial and territorial forecasting, The Conference Board of Canada. The conference board's outlook for Northwest Territories, however, is not...
North Arrow Minerals Inc. April 5 announced the discovery of a new kimberlite during a 607-meter drill program carried out this winter at the company's Loki diamond project in the Lac de Gras region of Northwest Territories. Roughly 19 miles (30 kilometers) southwest of the Ekati Mine and 15 miles (24 kilometers) west of the Diavik Mine, Loki is found in a region known for its rich diamond deposits. North Arrow narrowed down the drill targets at Loki with surface sampling...
Dominion Diamond Corp. July 17 reported that it has reached an agreement to be bought by The Washington Companies in a deal worth roughly US$1.2 billion. Owned by billionaire Dennis Washington, The Washington Companies is a group of privately held North American mining industrial and transportation businesses. Washington has agreed to pay cash to acquire all of Dominion's outstanding common shares for US$14.25 per share, a 44 percent premium to Dominion's share price of...
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
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
With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is expected to contribute some C$5.7 billion to Northwest Territories economy by 2028, the end of its currently projected life, according to a report commissioned by De Beers Group of Companies. Northwest Territories Minister of Industry, Tourism and Investment Wally Schumann... Full story
Dominion Diamond Corp. April 12 provided an update on its exploration and development pipeline in the Northwest Territories. This includes the advancement of its portfolio of development projects at the Ekati and the Diavik diamond mines and increasing exploration in Lac de Gras, the highly prospective region of Northwest Territories that hosts both operations. "We continue to execute on our long-term strategy and create value for all shareholders. With the support of our stro...
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,...
Dominion Diamond Corp. March 6 reported an updated reserves and resources statement, which adds 3.9 million metric tons containing roughly 13 million carats to the mineral reserves at the Diavik diamond mine in Northwest Territories. As of Dec. 31, 2014, the Diavik Diamond Mine had 18.1 million metric tons of proven and probable mineral reserves containing 53.3 million carats of diamonds. At the A-21 pipe, 3.7 million metric tons containing 10 million carats has been promoted to proven reserve from probable reserve material....
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
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
Government policymakers in Canada and the Northwest Territories are joining mining companies in preparing for an employment boom that economists predict will swamp the North in the next three to five years. The anticipated surge in jobs is part of a nationwide wave of employment growth expected in the next decade. Canada will need 145,000 new workers in the mining sector along with 300,000 new workers in construction and 150,000 new workers in petroleum. The mining-driven Northwest Territories economy generates nearly 50...
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,...
Northwest Territories is a land filled with vast mineral potential, rich in both resources and opportunity. Industry interest in this potential continues to rise and the Government of the Northwest Territories is actively working to ensure resource development is environmentally sustainable and benefits the residents, communities and businesses of the NWT. Currently, four mines are operating in the NWT: Dominion Diamond Corp.'s Ekati Diamond Mine, Rio Tinto's Diavik Diamond Mine, DeBeers' Snap Lake Diamond Mine and North...
Northwest Territories continued to benefit in 2013 from a recent surge of exploration interest. A vast expanse of mountains, forests and tundra that is roughly two-thirds the size of Alaska, the territory covers 1.17 million square kilometers (431,162 square miles). "We have, in the North, what the world wants - what emerging markets need," Northwest Territories Premier Robert "Bob" McLeod told an audience at a Prospects North gathering in Yellowknife Sept. 11. "We are the third-largest diamond producer in the world. In...
Droves of exploration companies have rushed to Yukon Territory in recent years to hunt for sizable deposits of gold, silver, copper, rare earth elements and base metals. Employing the most advanced geophysical and geochemical techniques available, along with their best hunches, these explorers, like others around the globe, are pulling out all the stops to find commercial quantities of the minerals currently riding the winds of strong demand and high prices. But noticeably absent from the list of lucrative commodities being...
