Centerra Gold announces $1 billion revenue milestone
Canadian gold company Centerra Gold’s shares were up over 2% this morning as the company reported a $1 billion revenue milestone in 2011.
Cecilia Jamasmie , Editor-in-Chief
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EU hesitates to qualify Canada’s oil sands as more polluting than crude
In the midst of intense lobbying from Canada, a committee of the European Union Parliament blocked passage of a proposed fuel quality directive that would label Canada’s oil sands as a more carbon-intensive source of oil than conventional crude
Thousands strike again at Freeport’s mine in Indonesia
Thousands of workers at Freeport-McMoRan Copper & Gold Inc's (NYSE:FCX) Indonesia unit stopped working on Thursday following an unsettled ongoing dispute with the organization, reports Reuters.
New Brunswick is the new world’s top mining jurisdiction
Eastern Canada’s New Brunswick claimed the top spot at the world’s most attractive jurisdiction for mineral exploration and development list, released by the Fraser Institute today.
Energy inefficiencies jeopardizing Peru’s mining future
Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.
NovaGold on its way to sell Galore Creek stake
Canadian miner NovaGold Resources Inc. (TSX:NG) said today that it has begun the process of trying to sell its 50% stake in the Galore Creek copper-gold project in British Columbia, in order to fully focus on its flagship Donlin gold project in Alaska, in a stament announcing its poor Q4 results.
Mining and Energy stocks back Canadian and American markets
Stocks struggle Wednesday morning as risk trades were daunted by dreary economic activity figures on both sides of the globe and the Greek post-deal aftermath.
BHP gets $US5.25billion in five-part bond deal
Despite persisting tightness in global money markets, mining multinational BHP Billiton (NYSE:BHP) has raised the third-biggest amount this year, selling a $5.25-billion five-part global bond to the US securities market.
Concerned Canadian unions say BC government is leaving coal in China’s hands
In unveiling Canada’s British Columbia’s job-creation strategy last September, the Premier Christy Clark said the government planed to capitalize on high demand for minerals, especially in Asia, by opening up eight new mines in the next four years and expanding nine more by 2015.
NovaGold to spin-out Ambler Project into NovaCopper
NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG) provided an update on the previously announced spin-out transaction of NovaCopper, a wholly-owned subsidiary, which holds NovaGold’s interest in the Ambler project located in Alaska, U.S.
Kidnappers kill Vizsla mine workers in Mexico
The focus remains on the safe return of those who remain missing, the company said.
