Sunday, September 28, 2014

NWT doles out exploration grants as diamond activity heats up

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Mining News Digest
Monday 29 September 2014
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Northwest Territories, the northern Canadian region known for diamond mining, is giving a leg up to exploration companies through an incentive program it first rolled out in June.

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The Edmonton Journal published an article last week on the Genesee 1, 2 and 3 coal-fired generating facilities, located not far from the Alberta capital.

The slump in the gold price that has occurred in recent months shows no signs of letting up, and the latest import data from China will not give any joy to gold bugs.

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With 24 million cubic metres of water and tailings flushed downstream of the Mount Polley gold and copper mine, the company's biggest challenge now is to keep the remaining tailings and water contained.

Freeport-McMoRan Inc temporarily suspended open-pit mining at its Indonesian mine on Saturday, a company statement said, after four people died in an accident at one of the world's biggest copper mines.

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