The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 101 - 116 of 116
Romios Gold Resources Inc. Nov. 11 reported the discovery of significant copper, gold and silver mineralization on its Dirk Property located about 37 kilometers, or 24 miles, southeast of NovaGold Resources Inc.-Teck Resources Ltd.'s giant Galore Creek deposit and 7 kilometers, or 4 miles, northwest of Romios' Newmont Lake Property in northwestern British Columbia. Only two zones, Dirk and Telena, of a number of mineralized zones indentified on the newly discovered Dirk property have been sampled to date. A total of 15...
III: TSX Chairman: Pierre Lebel President and COO: J. Brian Kynoch Vice President, Exploration: Patrick M. McAndless Imperial Metals Corp., organized in 2001, is a Vancouver-based miner focused on discovering, developing and operating base-and precious-metal assets in western North America. Key properties include the Mount Polley open-pit copper-gold mine in central British Columbia, 50 percent interest in the Huckleberry open-pit copper-molybdenum mine in northern British Columbia, the development-stage Red Chris copper-gold...
The Canadian government has approved C$130 million in funding for construction of the Northwest Transmission Line in northern British Columbia, a power conduit that could eventually connect with Alaska. The 335-kilometer transmission line will carry hydroelectricity to communities in the northwest region of the province, and provide a clean and reliable source of power, while enabling development of an estimated 2,000 megawatts of renewable electricity generation from small hydro, geothermal and wind sources. "Our government...
The recession is taking its toll among mining companies with properties in Alaska and northwestern Canada as mergers and acquisitions surged in this sector during the second quarter, in step with a global industry trend. Companies across the exploration and development spectrum from mining giants to the smallest juniors closed on deals with firms that are struggling to survive the recent cash crunch as independent entities. The Wall Street Journal reported in early August that according to data provider Dealogic, value of...
Producing mines Thompson Creek Metals Co. operates the Endako Mine, a molybdenum producer for more than 40 years. Located near Fraser Lake in northern British Columbia, Endako includes three open pits, a mill and a roasting facility, and is operated as a joint venture, with Thompson Creek holding a 75 percent interest and Japan-based Sojitz Corp. having the remaining 25 percent. The miner produced 25 million to 26 million pounds of moly in 2008. Due to a sharp drop in molybdenum prices last year, Thompson Creek decided...
The Northwest Transmission Line along Highway 37 is once again on the front burner in British Columbia, and development of the 517-kilometer-long, or 321-mile-long, power line could provide easier access to Lower 48 markets for power generated in Alaska. British Columbia has resumed the environmental assessment process and First Nations consultation required for the project, following an announcement by the Canadian province's Premier Gordon Campbell Sept. 26 that the power project was back on track. The B.C. government...
Canada's Federal Court of Appeal has set aside a lower court ruling and confirmed a federal environmental assessment of the Red Chris copper-gold project 18 kilometers, or about 11 miles, southeast of the village of Iskut, east of the Alaska Panhandle in Northwest British Columbia, according to project owner Imperial Metals Corp. In September 2007, the Federal Court Trial Division of Canada ruled in favor of an application by MiningWatch Canada for judicial review of a federal environmental assessment of the Red Chris...
Building a power line into northern British Columbia could attract C$3.5 billion in mining investment to the area, according to preliminary findings of an independent study. The Northwest Power Line Coalition, an industry group that took up the idea when B.C. government officials dropped plans for the power line last fall, released the findings in April. They showed that not only would an electricity conduit along Highway 37 in northwest British Columbia help bring at least eight new mining projects to the region, it also...
Canada's ministries of Fisheries and Oceans and Natural Resources have joined the attorney general of Canada and Imperial Metals Corp. subsidiary bcMetals Corp. in appealing a Sept. 25 ruling of the Federal Court of Canada, which set aside a federal screening report issued May 2006 on bcMetals' Red Chris project, according to Imperial Metals. At issue is the nature of the discretion of federal authorities to scope a project under the Canadian Environmental Assessment Act. Imperial is pursuing startup in 2008 of Red Chris, a...
Two of Canada's westernmost governments are moving forward with power transmission projects aimed at bringing lower cost energy and jobs to rural residents while spurring mine development in remote areas. British Columbia and Yukon Territory announced progress in October on separate public-private partnerships pursuing the power projects. B.C. government said Oct. 1 it would pursue the Northwest Transmission Line project, a C$400-million extension of B.C.'s electrical grid into the remote northwest region of the province...
A Canadian federal court slapped Imperial Metals Corp. in September with a significant regulatory setback in its bid to develop the copper-and gold-rich Red Chris project in northwest British Columbia. But the results of its 2007 drilling program and some progress toward bringing power to the property gave the mid-tier mining company some good news. Located 280 miles north of Smithers, B.C., and 11 miles southeast of the village of Iskut, the Red Chris porphyry copper-gold deposit is considered one of the most...
BcMetals Corp.'s plans to develop its potentially lucrative Red Chris copper-gold project in northern British Columbia may be moot now that Imperials Metals Corp. is the apparent winner of a recent bidding war for the Vancouver, B.C.-based mining company. But the ambitious junior's plans got a big boost in January when British Columbia Transmission Corp., the crown corporation responsible for the province's power transmission lines, said it will move ahead with construction of a proposed extension of its Northwest...
From the opening volley last fall in what became a heated bidding war between two Canadian junior mining companies seeking to acquire BcMetals Corp. of Vancouver, B.C., observers couldn't predict what would happen next. But Imperial Metals Corp., also of Vancouver, upped its buyout offer one last time Feb. 2 to C$1.70 a share, valuing BcMetals at just under C$70 million. It proved to be an offer too good to refuse. BcMetals urged shareholders Feb. 14 to tender their securities to the Imperial offer and indicated that...
Taseko Mines Ltd. said Nov. 10 it will reconsider plans to offer C$35.7 million ($31.6 million) to acquire bcMetals Corp. in the wake of that junior's maneuvers to avoid a hostile takeover. Taseko, a subsidiary of Hunter Dickinson Ltd., had said Nov. 2 it was about to bid C$1.05 for each bcMetals share, an 11 percent premium over an earlier hostile offer by Imperial Metals Corp. of 95 Canadian cents per share. "We believe this offer represents a solid premium over the Imperial Metals bid and fairly values bcMetals shares,"...
No sooner than clearing an infrastructure hurdle to development of its Red Chris copper-gold project in northern British Columbia this year, bcMetals Corp. encountered another obstacle in the form of a blockade against road access to the property by a small group of local residents. The Vancouver, B.C., junior mining company went to court and won an injunction to clear the blockade earlier in September only to find itself the target of a potentially hostile takeover offer from Imperial Metals Corp., another small Vancouver,...
Simmering frustration among British Columbia's miners over the government's failure to settle aboriginal land claims and reduce red tap boiled over March 3 as the industry unloaded on British Columbia Minister of State for Mining Pat Bell. A series of speakers said the industry was paying a heavy price for government cutbacks in gathering geo-science data and other related functions. A recent survey by the Vancouver-based Fraser Institute found 159 mining executives gave the government a poor grade for its policy climate afte...
