Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed.
New CIM president Pierre Julien stressed in a Q&A with CIM Magazine his goal of highlighting the high-tech and changing nature of the mining industry.
Finally, Thursday’s concluding keynote from Osisko Metals president and COO Jeff Hussey provided an urgent reminder that resiliency and innovation will be required to capitalize on the coming commodities super-cycle.
New digital tools and sensor technologies, along with environmental and cost advantages, help make continuous mining systems a strong option for mining companies.
CIM has received $1.74 million from industry partners under the Corporate Patron Initiative.
Baffinland reported that it has temporarily suspended operations at its Mary River project in Nunavut due to a COVID-19 outbreak.
Because of last year’s low oil prices, security payments will now be based on the revenue earned from each barrel of oil they produced, as opposed to on the price of oil.
Lucara Diamond has secured up to $220 million in senior debt facilities, which it says will be put towards a $514 million underground expansion of its Karowe mine in Botswana, as reported by Mining.com.
The upgrade will have an estimated cost of $220 million, and according to SMMI, will allow for annual production of 150,000 metric tonnes of sulfate of potash, and will result in a 50 per cent increase in jobs at the facility.
Those who have received the May issue of CIM Magazine can get informed on the science of lab-created diamonds and how they are changing the diamond industry by reading “Diamond versus diamond” by Carolyn Gruske.
Hecla Mining recorded production of 3.5 million ounces of silver, with an all-in sustaining cost of US$7.21 per ounce of silver.
That’s all for this week! Thanks to everyone who attended CIMVTL21, we hope you enjoyed it as much as we did! If you’ve got feedback, you can always reach us at editor@cim.org.