Stornoway’s vast diamond mine, Quebec’s first, to begin operations in 2016
Shares in the company were soaring Thursday.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Gold rush in Japan over impending tax rise
Speculators are aiming to lock in 3 percentage points of profit by buying gold before April 1.
Glencore Xstrata shutting Australia’s Ravensworth coal mine down
The miner blamed the decision on weak coal prices, high costs and a strong local dollar.
Southern African miners at high risk of dying from tuberculosis — report
The frequency of TB among mineworkers is ten times higher than the level of a health emergency as defined by the World Health Organization (WHO).
Canada’s oil sands hit hardest by investment barriers to Chinese firms
Chinese capital could fund 40% of the necessary investment in the country's oil sands over the next 20 years.
Rio Tinto’s Oyu Tolgoi likely to miss deadline for financing
Operator Turquoise Hill may need to ask lenders to extend financing for the $6.2 billion mine extension.
Goldcorp certain $2.8bn hostile bid for Osisko will succeed
Chairman Ian Telfer says he’d rather quit the deal than overpay.
Lonmin management told to take leave as platinum strike goes on
Earlier this month the company said it would not hit its sales guidance of 750,000 ounces of platinum annually, as it has already lost 90,000 ounces since the strike began.
Thousands of Peruvians protest against tougher illegal mining rules
They want the government to ease a regulation that forces more than 70,000 miners to register their mining activities by April 19 or otherwise face sanctions, including jail.
Iraq buys 36 tons of gold, largest amount in three years
Its total reserves stand now at 65.8 tonnes, making it the 43rd biggest official sector bullion holder in the world.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
