Nautilus gets the green light to mine under water, will receive $118 million in compensation
The miner's shares were up almost 32% at 10:45 ET in Toronto after the announcement.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Land claims and uncertain policies holding back mining investment in BC: report
While B.C. is no longer viewed as hostile to mining, authorities need to resolve several land-related issues before investors come back.
Asian gold fever hits Thailand
Central Bank and analysts fear foreign exchange speculation is behind the sudden and steep gold demand increase.
Rio Tinto to sell closed Blair Athol coal mine
Talks with Linc Energy Ltd are said to be at an advanced stage and an agreement may be announced as soon as tomorrow.
Enbridge’s $5.5bn Northern Gateway to move oil by 2018
But the Calgary-based company acknowledges the path will be full of obstacles.
Hochschild Mining becomes sole owner of two Peruvian silver mines
The deal gives Hochschild Mining full control of two precious metals projects in Peru.
Russia slashes stake in top diamond miner Alrosa, set it for $1.6-bn float
Alrosa’s shares took off on the news, adding as much as 9% Wednesday, the highest level since December 2011.
Newmont eyeing Glencore Xstrata’s mine in Peru
Although not official, CEO Gary Goldberg did say last week he was open to new deals and adding more copper production.
Huge cluster of jellyfish shuts down nuclear reactor in Sweden
Operator said Tuesday it is ready to restart nuclear plant.
Swedish funds sell out stakes on Potash Corp., Incitec Pivot over ‘ethical’ concerns
For buying phosphate from sources they qualified as off-limits.
Kinross bets $3B on Chile gold district growth
Kinross advances one of Chile’s biggest proposed gold mines as Atacama cements its global mining hub role.