Nearby Location News
Thundermin Resources Inc. Provides Update on Pelletier Lake Gold Property, Rouyn-Noranda, Quebec 2015-09-17
TORONTO, ONTARIO--(Marketwired - Sept. 17, 2015) - Thundermin Resources Inc. ("Thundermin") (TSX VENTURE:THR) announces that the agreement with QMX Gold Corporation ("QMX") with respect to the Pelletier Lake Gold Property located near Rouyn-Noranda, Quebec ("Pelletier Lake") has been terminated and Thundermin's 100% ownership of Pelletier Lake has been re-instated.
On September 1, 2005, Thundermin granted QMX an option to acquire a 100% interest in Pelletier Lake subject to, among other things, Thundermin's right to receive a 2.5% NSR once the property was put into commercial production (the "QMX Option"). The QMX Option was the subject of an arbitration process which in May 2014 determined that QMX's right to earn a 100% interest in Pelletier Lake was subject to QMX achieving commercial production at Pelletier Lake by February 28, 2018 and making certain annual advanced royalty payments to Thundermin by August 31st in each year until commercial production was achieved. QMX did not comply with the terms and conditions established by the arbitrator and as such on August 31, 2015 all of QMX's rights with respect to Pelletier Lake were terminated.
General 2015-05-10The Horne smelter, named after the original Noranda Prospector, Edmund Horne, opened in 1927 at the site of the Horne mine. While the mine was closed in 1976, the smelter grew to become the largest and most advanced recycling plant of its kind in North America, with a unique ability to process complex feeds. The smelter is a custom copper smelter which uses both copper concentrates and precious metal-bearing recyclable materials as its feedstock to produce a 99.1% copper anode. The anode is shipped to Xstrata Copper's Canadian Copper Refinery in Montreal to be converted into copper cathodes. The smelter is a custom copper smelter which uses both copper concentrates and precious metal-bearing recyclable materials as its feedstock to produce a 99.1% copper anode. The anode is shipped to Xstrata Copper's Canadian Copper Refinery in Montreal to be converted into copper cathodes. Ongoing capital investments have kept the facility at the cutting edge of technology, with a strong focus on emissions reduction. The Horne smelter has the capacity to process 800,000 tonnes per annum of copper and precious metal-bearing materials. One of the notable features of the Horne smelter is its ability to process a wide-range of feeds, including copper and precious metal bearing electronic equipment provided by Xstrata Recycling.
Evolution completes Ernest Henry buy 2016-11-01Gold miner Evolution Mining has completed the acquisition of a stake in the Ernest Henry copper-gold mine, in Queensland. Evolution previously agreed to pay diversified miner Glencore A$880-million for a 30% stake in the operation, entitling the company to 100% of the gold production at the mine, subject to an agreed life-of-mine and block model.
Glencore restarts Australia coking coal mine, shutters zinc 2016-11-01Diversified miner Glencore plans to restart mining activities at the Integra underground coking coal mine, in the Hunter Valley, as the price of metallurgical coal continues to rise. Glencore acquired the Integra mine, then known as Glennies Creek, from major Vale last year. The mine has been on care and maintenance since July 2014.
ASX: Completion of Ernest Henry Transaction 2016-10-31
Glencore to restart mine 2016-10-11Glencore's Collinsville to return to production due to coal market improvements
Drill Program to Commence on Ocros Project, Ancash, Peru 2016-10-03
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 3, 2016) - Condor Resources Inc. - ("Condor" or the "Company") (TSX VENTURE:CN) Further to the Company's news release of August 19, 2016, Condor has been advised by Compañia Minera Casapalca S.A. ("Casapalca") that Casapalca have filed their "Iniciación de Actividades" with the Peruvian Ministry of Energy and Mines for the Ocros project. This filing is required prior to commencement of the drill program.