Natural Resources Notebook

Ashley
Ashley Fitzpatrick
Send to a friend

Send this article to a friend.

Sterling shipment for Tata Steel Minerals Canada

The MV Sterling sailed from Sept-Îles, Que., on Sept. 14 with the first shipment from Tata Steel Minerals Canada’s mining project in the Labrador Trough.

Tata Steel Minerals Canada Ltd. is the joint venture of Tata Steel (with 80 per cent interest) and New Millennium Iron Corp. (20 per cent).

In a statement Tuesday, it was announced about 77,000 tonnes of iron ore fines from the direct shipping ore project were sent from the Quebec port to Europe, where the iron ore will feed Tata Steel Europe plants.

 “This is a singular milestone for New Millennium and its shareholders as Tata Steel Minerals Canada officially enters the iron ore market with its first shipment,” New Millennium president and CEO Dean Journeaux said in a company statement.

“Production and rail haulage from the direct shipping ore project are now well established and seaborne shipments have now begun.”

Western N.L. to Western Canada

A news release issued Monday notes Vulcan Minerals has applied for 10 “metallic and industrial mineral permits” covering 225,000 acres of property, about 50 kilometres east of Fort McMurray, Alta.

The company is interested in uranium in the area after — as president and CEO Pat Laracy told attendees at the Mining Industry NL’s Resource Investors Forum — first heading out to Western Canada with oil and gas in mind.

Vulcan has been part of the oil and gas exploration mix in western Newfoundland for years, spinning out the junior mining exploration company Red Moon Potash.

As for Alberta uranium, the company expects its permit applications will receive a response by October.

Marathon claims Victory

Mining junior Marathon Gold has made great headway with prospects at its Valentine Lake project area.

That said, Marathon has had some difficulty with its site names as of late, as company rep Sherry Dunsworth explained this week.

The Valentine East prospect is found at the Valentine Lake project area, but the two were being confused.

As such, the company re-named Valentine East. It is now known as the Victory gold deposit and Marathon is exploring the site, alongside prospects like Sprite and the more-advanced Leprechaun gold prospect.

Benton’s boon?

Stephen Stares, president of Benton Resources, said his company is pleased with its buyout of Cornerstone Capital Resources on the Cape Ray gold project.

The buyout was previously reported by The Telegram, with Benton offering $200,000 cash and shares to Cornerstone for that company’s project interest.

“The amount of money that was spent here, just on the airborne (survey) alone, we got our money’s worth,” Stares said at the Mining Industry NL event in St. John’s Tuesday.

The Cape Ray gold prospect is about 10 kilometres north of Port aux Basques.

“We see the exploration potential here as absolutely astonishing,” Stares said.

Mark your calendar

The fall season is bringing with it several high-profile conferences.

Newleef 2013 is being held Oct. 10-11 by the Newfoundland and Labrador Environmental Industries Association (NEIA). The event is going to be a forum looking at opportunities in the so-called “green economy.”

The annual Mineral Resources Review is set for Oct. 31-Nov. 2. A key event for Newfoundland and Labrador mining, it is presented by the provincial government and the Newfoundland branch of the Canadian Institute of Mining Metallurgy and Petroleum.

Last but not least, the Noia fall oil and gas seminar is scheduled for Nov. 14.

The one-day event typically focuses on a single subject — last year was subsea infrastructure — with multiple presenters on the

topic.

The Natural Resources Notebook is compiled by reporter Ashley Fitzpatrick. Do you have news from the resource sectors? Let us know at news@thetelegram.com.

Organizations: Tata Steel, New Millennium Iron, Vulcan Minerals Resource Investors Forum Benton Resources Cornerstone Capital Resources Newfoundland and Labrador Environmental Industries Association NEIA Resources Review Canadian Institute of Mining Metallurgy and Petroleum.Last

Geographic location: Western Canada, Newfoundland and Labrador, Quebec Europe Valentine Lake Fort McMurray Alta.The Cape Ray Port aux Basques

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments