Canadian Mining Perspective: Barrick target of yellow journalism
Toronto’s Barrick Gold, being the world’s biggest gold miner, is also on the receiving end of the world’s worst media abuses. “Yellow journalism” has not gone out of style, and today the Internet provides the means of spreading disinformation worldwide at speeds unheard of a century ago.
Case in point. Headline: “Deadly toxin invades Barrick’s Dominican gold mine, Thousands hospitalized.”
Those are eye-catching words, but no more accurate than the picture of artisanal miners identified as the “Barrick Gold mine in Coui, Dominican Republic” used to illustrate the article.
The article posted at www.BusinessInsider.com went on to say that over 1,000 people were felled by an unknown chemical so toxic that health care workers who attended them had to wear masks. It also reported a boiler explosion at the site that may have been the root of the problem. Read more
MASTInc Inks JDA with Canadian Mining Company
Micromem Technologies, through its U.S. subsidiary, Micromem Applied Sensor Technologies, (MASTInc), has signed a Joint Development Agreement (JDA) with a private Canadian mining exploration company.
Due to the overwhelming interest MASTInc has received and potential exploration ramifications of the development of this technology, both companies have entered into a confidentiality agreement while the technology is being field tested.
The collaborative agreement, executed on November 4, will enable the two companies to explore the opportunity of integrating MASTInc’s advanced sensing technology into a mining sensor for gold and other precious metals. This partnership has been created with the objective to improve the performance of drilling operations, reduce drilling and assay analysis cost, and change the mining exploration model. Per the agreement, the two companies will perform extensive sensor “training” and signature database development using the exploration company’s access to a vast assayed core database compiled from several different mining exploration projects.
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CANADIAN MINING PERSPECTIVES: More thoughts on protecting Ontario’s boreal forests
The decision by the Ontario government to protect its boreal forests north of the 51st parallel continues to be discussed by CMJ readers and environmentalists. Predictably, leading North American academics support the plan. They praised protection of a “vital ecosystem”. They figuratively patted the Premier on the back for his “long-term vision, recognizing that storing carbon, protecting biodiversity, and traditional lifestyles and maintaining freshwater supplies are more important than immediate profits.” These people don’t depend on the mineral industry for their income, but I’m sure they all enjoy the myriad of consumer goods made possible by it. Read more
CANADIAN MINING PERSPECTIVES: More thoughts on protecting Ontario’s boreal forests
The decision by the Ontario government to protect its boreal forests north of the 51st parallel continues to be discussed by CMJ readers and environmentalists. Predictably, leading North American academics support the plan. They praised protection of a “vital ecosystem”. They figuratively patted the Premier on the back for his “long-term vision, recognizing that storing carbon, protecting biodiversity, and traditional lifestyles and maintaining freshwater supplies are more important than immediate profits.” These people don’t depend on the mineral industry for their income, but I’m sure they all enjoy the myriad of consumer goods made possible by it. Read more
Canada’s mining stocks take a beating
Canada’s junior mining stocks took a beating Monday after the TSX Venture Index lost 3.5 per cent of its value after a downturn in the energy sector tore a 2.5 per cent hole in the TSX Index’s value.
Network Exploration Ltd. (TSX.V: NET) gave up more than 15% of its market price falling 1 cent. The BC-based junior exploration company announced last week Thursday that it was cutting the price of its private placement in half, from 10 cents per-unit to 5 cents.
Network previously announced a large gold strike at its Caldera mining property in Chile in early June.
Dorex Minerals Inc. (TSX.V: DOX) fell 18%, or 2 cents per share as the TSX-Venture index drew it and other Canadian junior mining companies lower.
Dorex announced encouraging results in iron ore deposits found on its Carmelita IOCG project in Chile just two weeks ago. The news came as iron ore prices nearly doubled on a heated rise in steel demand. Read more
