Nevada Zinc drilled the first core hole at the Lone Mountain zinc project since the 1940s, reported Mining Journal. The highlight was a 16.62m interval averaging 12.79 percent Zn and 8.84 percent Pb (21.63 percent Zn+Pb) within an overall intercept of 91.5m at 7.67 percent Zn and 1.93 percent Pb (9.58 percent Zn+Pb) from 118.04m depth. The Mountain View zinc mine produced more than 5 million pounds of zinc, 650,000 pounds of lead and 4,000 ounces of silver between 1942 and 1968.
Nevada Sunrise Gold Corp. signed a definitive agreement to acquire a 100 percent interest in the historic Lovelock Cobalt Mine property in Churchill County, approximately 100 miles east of Reno. The agreement, announced Dec. 29, stipulates that the company will earn a 100 percent interest in the property through cash payments and common shares payments to an underlying vendor payable over three years from the signing of the agreement, subject to a 2.0 percent net smelter returns royalty. The Lovelock Mine property area consists of 35 unpatented claims in the Cottonwood Canyon area of Stillwater range totaling approximately 700 acres, and it was mined between 1883 and 1898.
The first sage-grouse conservation credit went to Kinross Gold U.S.A. through the Nevada Department of Conservation and Natural Resource. The credit transaction took place under the Nevada Conservation Credit System program and is expected to protect nearly 10,000 acres of primary sage-grouse habitat in northeast Nevada. The transaction sets a precedent and will make the process more efficient for landowners to participate in the CCS in the future. The program was created to preserve and enhance sage-grouse habitats by trading conservation credits to offset potential environmental impacts of land use and aims to maintain the multiple-use concept on public land, and to improve habitats on private and public lands. Kinross’s wholly-owned subsidiary, KG Mining Inc., enrolled in the program to meet its voluntary compensatory mitigation obligations to offset potential sage-grouse effects due to its mining activities at its Bald Mountain gold mine in northeast Nevada. KG Mining (Bald Mountain) Inc. enrolled the company’s privately-owned ranch, Tumbling JR, into the CCS program to help protect nearly 10,000 acres of sage-grouse habitat that supports the species’ entire life cycle.
The most recent addition to Atlas Copco’s Minetruck series is designed to ramp up productivity, the company announced Nov. 30. The rugged Minetruck MT54, engineered for smart and efficient haulage, is a powerhouse just like the larger Minetruck MT65. The more compact Minetruck MT54 is designed for 54 tons of load capacity and higher ramp speeds than its predecessor Minetruck MT5020. Minetruck MT54 also features Atlas Copco’s proprietary Rig Control System. It is ready for automation and can be equipped with Certiq for added intelligence. The optional telematics system solution gathers and compiles data to help optimize operations and plan maintenance.
Barrick Gold Corp. announced Dec. 1 that it has acquired 48,000,000 common shares of Reunion Gold Corp. in a nonbrokered private placement at a price of $0.19 per share for total consideration of $9.12 million. As a result of the transaction, Barrick owns 48 million common shares, representing approximately 15 percent of Reunion’s issued and outstanding common shares. Barrick acquired the common shares for investment purposes.
Global Li-Ion Graphite Corp. received approval on its plan of operations filed with U.S. Department of Agriculture and U.S. Forest Service to commence work on its Chedic Graphite Project in Carson City, according to a Dec. 8 press release. The exploration and development company plans to commence work immediately including confirmation and exploration drilling. Global Li-Ion Graphite is focused on the acquisition and development of graphite projects with an intent to supply the energy storage industry. The Chedic Graphite Project consists of 50 unpatented mining claims totaling approximately 1,000 acres.
The South Dakota School of Mines & Technology added a Ph.D. mining engineering specialization, the college announced Jan. 10. The mining engineering and management department recommended the specialization in response to increased interest from students; an increased need within the industry and government for Ph.D. employees; and a desire for more federal research funding opportunities.
Golder, a global engineering and consulting firm, unveiled its refreshed brand in January. This is the first major refresh of the company’s brand in more than 50 years and represents Golder’s commitment to its clients and communities, the company stated. Golder works on projects around the world, including deep mine shafts in Africa to tall building foundations in Australia, from an airport in Hong Kong to pipelines in Canada, from tailings management in Chile to waste management in the U.S., from transportation tunnels in the U.K. to groundwater remediation in Italy.
Newmont Mining Corp. has been recognized for top performance in the mining sector in The Sustainability Yearbook 2018, the company announced Feb. 8. The yearbook is published by RobecoSAM, a sustainability investment firm that manages one of the most comprehensive databases of financially material sustainability information in the world. RobecoSAM’s assessment is used to determine the composition of the Dow Jones Sustainability World Index, which ranked Newmont as the mining industry’s overall leader in 2015, 2016 and 2017. Newmont was also recognized as one of the world’s most admired companies in an in-depth global survey conducted by Fortune magazine, the company announced Jan. 25, based on quality of management, social responsibility, long-term investment, people management and innovation. Fortune bases its ranking on the opinions of 3,900 executives, directors and securities analysts.
The American Exploration & Mining Association honored two North American mining companies at its 123rd annual meeting in late 2017 in Reno. Kinross Gold U.S.A., Inc. received AEMA’s Environmental Excellence Award for remediation and reclamation of the Mineral Hill Mine, located adjacent to Yellowstone National Park in Montana. Klondex Mines Ltd. received the Platinum Award for Corporate Excellence in recognition of their outstanding gift to the Te-Moak Tribe of Western Shoshone and for their work with the tribe in planning a mine that is culturally respectful and responsible.
Nevada Copper Corp. contracted a $378 million construction financing and recapitalization package designed to provide a comprehensive funding solution and clear pathway toward first production in 2019 from the Pumpkin Hollow copper mine. The company also completed the private placement of 256,410,256 special warrants of the company at a price of C$0.50 for aggregate gross proceeds of C$128,205,128. Nevada Copper is poised to transition to producer status from its strategic mineral assets in its 100 percent owned Pumpkin Hollow, the only fully permitted copper project of scale in the U.S., consisting of two proposed copper mines: a near-production, high-grade underground mine with an existing production-size shaft and infrastructure, and a large-scale open pit project with resource upside and optionality to pursue a staged-development plan.
Barrick recently helped bring technology-enabled lessons into Grammar No. 2 classrooms. The company provided funding for the purchase of 32 Dell Chromebooks and a storage cart. The Chromebooks were delivered Jan. 4 and are now used to support interactive learning for 67 second-grade students in three classrooms.
ASGCO’s line of Tru-Trainer tracking idlers now includes the dual return model to accommodate high speed and tonnage associated with aggressive mining operations. The tapered ends sense any potential belt alignment issues and initiate the tracking corrections to take place instantly, without the need for edge contact rollers. A seize-proof external central pivot mechanism was designed, eliminating the need for a single, large drum, and enabling a concentric and balanced rotation to be achieved. This proprietary design also makes dual return effective for reversing belt applications. Available for 48” to 96” belt widths, the dual return can accommodate conveyor belt speeds that exceed 800 fpm and/or greater than 1500 PIW.