Barrick makes investors day by hiking dividend 33%
Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.
Cecilia Jamasmie , Editor-in-Chief
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Japan and India sign rare earth deal to reduce dependency on China
Japan and India have reached a basic agreement to jointly develop rare earths, used in the production of several high-tech goods from weapons to cell phones, and supply Tokyo with about 14% of its rare earth needs.
Diamonds second only to gold when it comes to safe investments
Bella Ideale Diamonds, a company that sells jewellery and provides strategies for diamond investing, claims that certain high quality diamonds exceed investment returns of traditional investments and are second only to gold in price appreciation over the past 10 years.
Shear recovers 3,500 carats from Jericho diamond mine in Nunavut, Canada
Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut, Canada.
Mining blamed for Canadian economy unexpected dip in February
Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.
Newmont looking at other options if Conga costs continue to climb
Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.
Xstrata copper production down, but Q1 financial performance solid
Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.
Australian Lynas to shut down Malaysian opponents with lawsuit
Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.
North America to lead energy investments in 2012: analysts
North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.
Worldwide steel consumption growth to drop this year
The World Steel Association is cutting its forecasts for global use of the commodity by 1.8% this year, as China - the world’s biggest consumer of steel- has slowed down its growth.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.