May 11, 2011

BHP Billiton appoints new president of diamonds unit, announces Ekati expansion

BHP Billiton is moving forward with the Misery open pit project at its Ekati diamond mine in Canada, expecting to start producing […]

May 10, 2011

Globe and Mail: BHP to mine Ekati diamonds a year longer

Canada's Globe and Mail newspaper reports that BHP Billiton, 80%-owner of the Ekati mine in the Northwest Territories, will make a $400 million investment to expand the mine. The Australian…

May 10, 2011

Gold bull run only halfway done: Goldcorp CEO

Goldcorp (G.TO: Quote), Canada's second-largest gold producer, said on Tuesday the gold market bull run was not over XAU. "I certainly think we're in much more the middle than near…

May 8, 2011

De Beers to sell Namaqualand to Trans Hex for $33.5M

De Beers announced that it will sell the Namaqualand diamond mine in South Africa to Trans Hex for 225 million Rand ($33.5 million). The sale joins a number of low…

May 6, 2011

Cameco profit down from $143 million to $91 million in Q1

Cameco announced Q1 results on Friday. Net earnings came in at $91 million compared to $143 million a year ago. The company said the decline was due to lower earnings…

May 6, 2011

De Beers announces sale of NM Mines

De Beers Consolidated Mines ("DBCM") today announced that it has entered into an agreement to sell Namaqualand Mines to Trans Hex in a transaction valued at R225 million. The agreement…

May 6, 2011

Rio Tinto Mining and Exploration Ltd. and First Bauxite Corporation terminate their option and joint venture agreement over the Essequibo-Demerara bauxite project in Guyana

FIRST BAUXITE CORP. (TSX VENTURE:FBX)(FRANKFURT:FBI)(BERLIN:FBI) ("First Bauxite" or the "Company") First Bauxite Corporation is announcing that the Letter of Understanding between the Company and Rio Tinto Mining and Exploration Ltd.…

May 5, 2011

Goldcorp reports 150% jump in adjusted net earnings for Q1

Goldcorp reported Wednesday that adjusted net earnings for the first quarter of this year increased 150% to US$397 million or 50-cents per share, compared to $159 million or 22-cents per…

May 5, 2011

Rio Tinto to weather storm of fragile global economy

Rio Tinto , the world's third-largest miner, expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, its chairman…

May 1, 2011

BHP Billiton approves Samarco expansion

BHP Billiton today announced that the partners of Samarco had approved the US$3.5 billion (BHP Billiton share1 US$1.75 billion) Fourth Pellet Plant Project at Samarco (Brazil). The expansion will increase…