November 10, 2012

Global copper production under stress

Copper mining has become an especially capital intensive industry - the average capital intensity for a new copper mine in 2000 was between US$4,000 - 5,000 to build the capacity…

November 10, 2012

Government confirms Vale Mozambique to free up 10% of share capital for local investors

Government officials in Mozambique have confirmed that Vale Mozambique, the local subsidiary of Brazil's Vale SA, will make available 10% of its shares for purchase by local shareholders.

November 10, 2012

Carrejon postpones study on diverting Columbia’s Rancheria river due to weak carbon prices

Carbon mining company Cerrejon, a joint venture of BHP Billiton, Anglo American and Xstrata, has decided to postpone a study into the possible diversion of the Rencheria river, in La…

November 10, 2012

Mid West Chamber of Commerce says Mitsubishi’s Oakajee project not over yet

Mitsubishi Corp. revealed earlier this week that it is shelving work on its Oakajee port and rail project in Western Australia, cutting jobs and spending at the site.

November 10, 2012

Christos Doulis uses cash flow and a good story to find the next midtier producer

Christos Doulis is a mining analyst with Stonecap Securities covering emerging precious metals producers with market capitalizations under $1 billion. He combines financial modeling of current and future cash flows…

November 9, 2012

Here is the prayer Murray Energy’s CEO read to staff before laying them off

"We are a Country in favor of redistribution, national weakness and reduced standard of living and lower and lower levels of personal freedom."

November 9, 2012

Canada may change entire temporary foreign worker program over Chinese miners controversy

Accusations of Chinese miners being dubiously brought into the Canadian province of British Columbia to work in coal mines has prompted the federal government not only to investigate the issue,…

November 9, 2012

Obama energy adviser says doubts about Keystone XL remain

While Calgary-based TransCanada (TSX, NYSE:TRP) remains optimistic about its Keystone XL pipeline’s prospects, given Obama administration’s focus on moving the U.S. away from its dependence on foreign oil, uncertainties around…

November 9, 2012

Nickel miner Talvivaara falls on radioactive leak worries

Shares of nickel producer Talvivaara (LON:TALV) dropped down over 10% on Friday over reports the firm had failed to solve a waste water leak at a nickel and zinc mine…

November 9, 2012

Flight to quality, key to junior mining investing

While the junior mining sector has not seen the benefits of higher gold prices, there is reason for optimism, says Vikas Ranjan, managing director and principal of Ubika Research.