Recent Articles

European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece

Posted on February 21, 2012

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%

Posted on February 20, 2012

The Zimbabwe Chamber of Mines says the government’s hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will cripple the industry.

Who’re you calling dirty? Canada says would take Europe to WTO over oil sands

Posted on February 20, 2012

Canada is upset about an EU energy panel’s plans for a green ranking of fuels that would rank Alberta’s heavy oil as the globe’s most polluting and effectively ban the import of oil sands crude into the bloc.

Not a pipe dream: Cenovus ships first crude to China, happy to get $40 a barrel more

Posted on February 16, 2012

Cenovus last week shipped 250,000 barrels to China, locking in relationships with refiners there, as the Northern Gateway pipeline project in Northern BC languishes in regulatory review.

First Uranium needs to offload 150,000+ oz yearly gold production by June to stay afloat

Posted on February 15, 2012

Rising costs could make any interested buyer baulk at the idea though. Cash costs in South Africa at its Ezulweni mine has rocketed to $2,143/oz and were up 20% at Mine Waste Solutions although at $613/oz there you could still turn a profit .

Everyone wants a piece of Northland

Posted on February 15, 2012

The company, advancing iron ore projects in Sweden and Finland, decided to increase the size of the equity offering announced earlier in February due to “high demand” . Together with a fully subscribed bond offering the company is now raising close to $700 million.

Keystone XL is the comeback kid

Posted on February 15, 2012

Republicans in the US Congress are once again attempting to force through the approval of the Keystone XL project, while the pipeline’s backers TransCanada says it could receive approval early in 2013.

Vale resuming Sudbury operations, says no 2012 production impact

Posted on February 14, 2012

Brazillian miner Vale SA said Tuesday it is gradually resuming mining at its underground nickel operations in Sudbury, Canada.

Centerra Gold punished as Kumtor strike enters second week

Posted on February 14, 2012

Centerra Gold announced on Tuesday that employees at its massive Kumtor operation in the Kyrgyzstan remain on strike, sending its shares down as much as 3.5%.

Death of DRC mining go-to guy will reshape country’s resource sector

Posted on February 14, 2012

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

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