Volume 98 Number 2 Feb 27 - Mar 4, 2012

Lake Shore Gold updates resource at Timmins West

Greater knowledge from mining and development work over the last year and a half, results from infill drilling and a reinterpretation of drill results have culminated in an updated resource estimate for Lake Shore Gold’s (LSG-T, LSG-X)…


An aerial view of Queenston Mining's Upper Beaver gold-copper project in northern Ontario. Photo by Queenston Mining

Positive PEA for Queenston’s Upper Beaver

A preliminary economic assessment (PEA) of Queenston Mining’s (QMI-T) flagship Upper Beaver project in northern Ontario envisions producing 120,000 oz. gold and 5.3 million lbs. copper a year at attractive cash costs using low-cost,…


GTA Resources and Mining vice-president of exploration Robert Duess at the Northshore gold project in Ontario's Hemlo-Schrieber greenstone belt. Photo by GTA Resources and Mining

Northshore results boost GTA, Balmoral

Shares of GTA Resources and Mining (GTA-V) surged $1.29, or 529% in a day to  $1.54 on 7.8 million shares traded after the company released drill results from the Northshore gold property in Ontario’s Hemlo-Schrieber greenstone…


A conveyor piles material at BHP Billiton and Rio Tinto's Escondida copper mine in Antofagasta Province, Chile. Photo by BHP Billiton

BHP and Rio double down on copper

BHP Billiton (BHP-N) and Rio Tinto (RIO-N) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants have unveiled plans to commit over US$4 billion to expand copper production at operations in Chile…



Editorial: Invasion of the robominers!

In a sign of the times that would make any union leader do a double take, Rio Tinto has announced that it and a minority partner will spend US$518 million on robotrains to haul its iron ore in Western Australia’s Pilbara region.



Federal gov’t to modernize Port of Sept-les

The Canadian government’s decision to spend up to $55 million  building a deep-water, multi-user dock at the Port of Sept-Îles on  Quebec’s North Shore that complies with the iron ore industry’s new loading…






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