New Gold’s Rainy River project gets key environmental nod
The Canadian Environmental Assessment Agency and the Ontario Ministry of Environment and Climate Change have separately okayed the project.
The Canadian Environmental Assessment Agency and the Ontario Ministry of Environment and Climate Change have separately okayed the project.
Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.
The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.
It also said it has reduced its net debt balance by more than $400 million.
Industrial lighting specialist Larson Electronics has announced the release of a 150 watt LED pedestal mount work light with an inline transformer. This magnetic mount work light produces 14,790 lumens of light capable of illuminating an area 18,000 square feet in size.
The move will see the miner taking control of the Borden Gold project in northern Ontario.
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
Industrial lighting leader Larson Electronics has announced it will be participating in the SSPC 2015 Trade Show set to take place at the Westgate Resort in Las Vegas Nevada. Larson Electronics representatives will have examples of the company’s standard and explosion proof blasting lights on hand and will be revealing the full range of their blasting light line February 5th and 6th during the exhibition portion of the event’s programming.
An open pit operation with 170 workers.
Proceeds will be used for debt reduction and "general corporate purposes."