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News from Ontario Canada

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Open-pit gold mine close to production start
Northern Ontario Business   07 September 2017   Canada   Ontario  
New Gold's Rainy River open-pit mine, northwest of Fort Frances
<p>The start-up of New Gold&rsquo;s Rainy River gold mine in northwestern Ontario is only weeks away.</p> <p>The Toronto-based mid-tier miner is putting the finishing touches on the $515 million spent this year to carve out the open pit, dig the tailings area, ...
Filed under: Mining News
Diamond royalties a closely guarded secret in Ontario
CBCnews   12 May 2015   Canada   Ontario  
Rough diamonds from the Victor mine in Northern Ontario. The royalty regime on diamonds has been secret, until now. (Rita Celli/CBC)
<p>Ontario's only diamond mine is known for its exceptional quality stones, but according to official documents, the provincial government made more money on salt royalties in 2013-14 than diamonds.</p> <p>De Beers Canada, which owns the only diamond mine ...
Filed under: Mining News