Cape Breton coal project gaining traction
A past-producing colliery in one of North America's oldest coal mining belts is on its way to resuming production, says a story today in Halifax Media Co-op.
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Copper or cannabis? Michigan mine could grow pot for patients
A shuttered mine in Michigan's Upper Peninsula is attracting some unusual publicity, with persistent rumours that the owners are considering growing medical marijuana.
Argentina Outlook Revised To Negative On Greater Uncertainty On Medium-Term Prospects, ‘B’ Unsolicited Ratings Affirmed
Standard & Poor's Ratings
Services revised its outlook on the Republic of Argentina to negative from stable. In addition, we affirmed our 'B' unsolicited long- and short-term ratings and our 'raAA' national scale rating on Argentina. At the same time, we affirmed our 'B' transfer and convertibility assessment on Argentina.
Indonesian export ban to make many nickel mines viable again
Anton Berlin, head of marketing for Norilsk, says if prices rise above $20,000 a tonne on the back of Indonesia’s proposed ban on the export of ore, many idled mines can re-open.
Canada’s Harper tells Americas summit mining has ‘vast power to change the way a nation lives’
Mining contributed $50 billion to the country’s GDP in 2011, he said, and provides “well paying” jobs for more than 300,000 Canadians.
Gold tumbles late Friday
Gold futures trading on the Comex division of the New York Mercantile Exchange experienced an after-hours selloff on Friday with prices tumbling $20 in a flurry of end-of week liquidation.
Hitachi builds EX5600-6 to customer requirements
After listening to customer demands for reliability and even greater production in ultra-large hydraulic excavators than before, Hitachi brings its new EX5600-6 to market. Available in either an excavator or backhoe configuration, the EX5600-6 has numerous improvements without losing the proven features Hitachi machines are known for.
Energold strikes record profits after drilling a million metres in 2011
The Vancouver company earned a profit of $26.4 million on $133.5 million in revenues for the year, up 145%, after drilling an astonishing 585,900 meters for minerals and a further 444,400 meters for energy last year.
Goldman’s senior ranks thin out further as co-head of M&A quits
The Financial Times reports Yoël Zaoui, one of Goldman Sachs’ most senior bankers, “is to retire in the latest departure from the […]
AngloGold Ashanti lost more ounces over safety in Q1 than all of 2011
Work stoppages as a result of safety issues in South Africa cost AngloGold Ashanti 76,000 ounces of lost production in the first quarter.
RANKED: World’s top 20 largest gold mines
Mine production saw a modest rise to 3,672 tonnes last year, WGC data shows.