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Briefs

Ontario launches venture fund for startups

The Ontario government is partnering with private investors and business leaders to create Scale Up Ventures, a new venture capital fund designed to support Ontario’s most promising start-ups through a combination of investment and mentorship.

Goldcorp reports $87 million loss for Q1

Goldcorp has reported sales of 827,500 gold ounces resulting in adjusted operating cash flow of $366 million for the first quarter of 2015, compared to adjusted operating cash flow of $281 million for the first quarter of 2014.

Vale delays IPO of base metals division, reports 3.2 billion loss

Vale is delaying the timeline of a possible IPO of its base metals division after an expected rebound in nickel prices failed to materialize.

Noront Resources finalizes Ring of Fire chromite purchase

A Quebec Superior Court has granted approval for Noront Resources to finalize its acquisition of the Ring of Fire chromite properties from Cliffs Naturals Resources for a new purchase price of US $27.5 million.

Mining conference marks 20 years in June

Laurentian University’s Goodman School of Mines will welcome delegates to Sudbury June 20 to 25 for the Mining and the Environment International Conference, the fifth edition of the event. The first event was held 20 years ago.

Treasury Metals’ Goliath Gold Project takes another step forward

Treasury Metals Inc.’s April 2015 Environmental Impact Statement (EIS) for the Goliath Gold Project near Dryden in northwestern Ontario has been deemed compliant with the Canadian Environmental Assessment Agency’s (CEAA) EIS Guidelines.

Treasury Metals’ Goliath Gold Project takes another step forward

Treasury Metals Inc.

MacLean Engineering makes sale to Stornoway’s Renard Project

MacLean Engineering has sold a fleet of scissor bolters and utility vehicles to Stornoway Diamond Corporation’s Renard Project in northern Quebec.

First Nations receive funding to study east-west corridor to Ring of Fire

FedNor, the federal government’s economic development agency for Northern Ontario, and the province’s Ministry of Northern Development and Mines have announced funding for a study to examine the benefits of developing an all-season, east-west transpo

Health and safety advisory group releases report

The Government of Ontario has agreed to act on the 18 recommendations that come from the province's Mining Health, Safety and Prevention Advisory Group's final report, released in April.