Inmet Mining’s profit jumps 19%, beats expectations
Canada's Inmet Mining Corp (TSX:IMN) posted a 19% rise in third-quarter profit, as copper production and prices improved.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Why are Petaquilla Minerals and Inmet Mining fighting in Panama?
Canadian miners Petaquilla Minerals Ltd. (TSX:PTQ) and Inmet Mining Corp. (TSX:IMN) have been on the news in recent weeks as the companies locked horns over land rights near the Cobre Panama copper project, run by Inmet’s subsidiary Minera Panama.
Xstrata fires 400 South African miners
Global diversified miner Xstrata Plc. (LON:XTA) confirmed Friday it has dismissed 400 of its workers who have been on an illegal strike at its South African mines.
Striking South African coal miners killed at Canadian mine
South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.
TransCanada to build $1 billion pipeline in Mexico while being audited by Canadian regulators
TransCanada Corp. (TSX,NYSE:TRP) will invest about $1 billion in a new natural gas pipeline in Mexico after being granted a permit to contract to build, own and operate the duct by the country's federal power company, the Comision Federal de Electricidad or CFE.
Power issues could get in the way of Canada’s Labrador expected mining boom
$15 billion of investment in Labrador mining projects over the next decade may be jeopardized by the lack of energy sources unless alternatives, such as generating power from the Muskrat Falls, are put in place.
Anglo Platinum miners say they won’t return to work
Thousands of dismissed workers at Anglo American Platinum Ltd.’s (Amplats) mine in Rustenburg have still not accepted an offer to reinstate them, the world's largest producer of the metal said on Thursday.
Pascua-Lama costs and challenges take shine off Barrick Gold earnings
Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.
$16 trillion of platinum could be extracted from seawater
Space mining start-up Planetary Resources President, Chris Lewicki, made more than one eyebrow rise Wednesday as he wrote in his blog that there are about $16 trillion worth of platinum waiting to be extracted in our Earth’s oceans.
Canada looks into the hiring of Chinese miners in B.C.
Canada’s federal government has launched a formal investigation into the use of foreign workers at a HD Mining International Ltd.’s coal mine in northern British Columbia, joining the provincial government, which opened an inquiry last week.
Ecuador eyes 2026 tender for $3B Llurimagua copper project
Ecuador plans a 2026 tender for Llurimagua as copper M&A accelerates and past JV disputes shape the project’s next phase.
