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Rare-earths Miner Molycorp to Start Bankruptcy Sale of Business

January 12, 2016

Rare-earths producer Molycorp reached agreements with its junior creditors on Friday that clear the way for the bankrupt company to accept bids for the company and to ask creditors to vote on a plan to exit bankruptcy. Molycorp, the only

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Cameco Sets Production Outlook for Cigar Lake Uranium Operation, Canada

January 11, 2016

Cameco’s Cigar Lake operation is expected to produce 16 million packaged pounds of uranium concentrate (U3O8) in 2016 (Cameco’s share 8 million pounds). Ore from the Cigar Lake mine is milled and packaged at the McClean Lake operation which is

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Banks Island Gold Files for Bankruptcy

January 11, 2016

Banks Island Gold Ltd. is in financial difficulties and is no longer able to meet its obligations generally as they became due. The company directors therefore resolved and the company has made an assignment pursuant to the Bankruptcy and Insolvency

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Kaminak Gold Completes Feasibility Study for Yukon Coffee Gold Project, Canada

January 11, 2016

Kaminak Gold Corporation has received the results of a feasibility study prepared for the company’s 100 percent owned Coffee Gold Project located 130 km south of Dawson City in Yukon Territory, Canada. The feasibility study indicates that the Coffee Project

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Arizona Mining Completes Metallurgical Study at Hermosa Project, Arizona

January 11, 2016

Arizona Mining Inc. has completed a scoping level metallurgical study on the lead (Pb), zinc (Zn) and silver (Ag) mineralization at its advanced exploration Hermosa project. The study projects overall recoveries of 92.9 percent Pb; 85.5 percent Zn and 91

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Baja Mining Completes Initial Metallurgical Test Work at Cinto Colorado Tailing Project, Mexico

January 11, 2016

Initial metallurgical test work on samples taken from Baja Mining Corp.‘s Cinto Colorado leach/precipitation/flotation (LPF) tailings located in Santa Rosalia, adjacent to the Boleo mine site, have yielded positive results. The company engaged Met-Solve Laboratories in Langley, BC to undertake

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Fortune Minerals Produces Premium Battery-grade Cobalt Sulphate Sample from NICO Project, Saskatoon

January 11, 2016

Fortune Minerals Limited subsidiary SGS Canada Inc. has produced a premium high purity cobalt sulphate heptahydrate sample from cobalt sulphate product previously produced for the company in a pilot plant from concentrates originating from the NICO Gold-Cobalt-Bismuth-Copper deposit ore. This

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Imperial Metals Suspends Operations at Its Huckleberry Mine, Canada

January 11, 2016

Imperial Metals Corporation subsidiary Huckleberry Mines Ltd. (HML) has suspended pit operations at the Huckleberry mine, affecting approximately 100 of its 260 employees. HML will retain the balance of its work force to continue milling stockpiled ore. While HML has

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Foresight Energy to Reduce Workforce by 100 at All of Its Operations, Illinois

January 11, 2016

Foresight Energy LP subsidiary Hillsboro Energy LLC is continuing its efforts to extinguish the March 2015 combustion event within the longwall district at Hillsboro’s Deer Run Mine, near Hillsboro, Illinois. To date, their efforts have not been successful, and they

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Nearly $2 Million Awarded to Help Virginia Workers Affected by Coal Mining Industry Layoffs

January 11, 2016

The U.S. Department of Labor has awarded POWER Initiative National Dislocated Worker Grant funding of $1,965,730 to the Virginia Community College System to help provide reemployment services required by coal industry workers to prepare for positions in emerging and growing

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