June 1, 2012

Teck announces tentative collective agreement at Trail Operations

Teck Resources Limited ("Teck") (TCK.A and TCK.B, NYSE: TCK) announced today that Teck and Locals 480 and 9705 of the United Steelworkers have reached a tentative collective agreement covering Trail…

June 1, 2012

Vale’s Carborough Downs declares force majeure

Vale SA announced that Carborough Downs, the Company's metallurgical operations in Central Bowen Basin, Queensland state, Australia declared major force (FM) as of May 31, 2012., after the detection of…

June 1, 2012

Has gold hit bottom, and what will drive it to $10,000?

The macro-economic conditions that have supported gold’s bull run over the past decade have not changed; in fact, they’ve become progressively worse.

May 31, 2012

Canada’s oil and gas industry will need to fill at least 9,500 jobs by 2015

Canada's oil and gas industry will need to fill a minimum of 9,500 jobs by 2015, according to a report released today by the Petroleum Human Resources Council of Canada.

May 31, 2012

Outer Harbour 1, Olympic Dam-Jansen 0: BHP gets final approval for $20 billion iron ore expansion

There are "growing signs" that Outer Harbour  will take precedence over BHP's massive Olympic Dam project and the greenfield Jansen potash venture in Canada.

May 31, 2012

Why isn’t this copper miner smiling? He’s getting a $45 million bonus just for staying on

In all $265 million will be doled out to senior management at Xstrata to stop them from jumping ship after a merger with Glencore. The two companies are also paying…

May 31, 2012

EastCoal Inc. closes C$17,010,000 private placement

The Company is focused on the Donbass coal basin of Ukraine which has large coal reserves and excellent prospects.

May 31, 2012

Joy Global sinks to year-low, forecasts further US and worldwide slowdown

“Our second quarter reflects both excellence in our execution and concerns over slowing in our markets”

May 31, 2012

Glenstrata ready to become the largest mining industry merger in recent history

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

May 31, 2012

What if the gold megabulls are right?

The economic conditions that would precipitate the massive jump in the gold price that many of the megabulls are predicting could be horrendous, but perhaps the politicians can carry on…