July 2, 2012

BNP Paribas sees a huge Nickel surplus of 40 000 mt in 2012

BNP Paribas S.A. (Euronext: BNP) likely to expected a huge nickel surplus of 40,000 metric tons (mt) in this year.

June 28, 2012

Environmental coordinators make $96,000 per year: Canadian wage survey round up for miners

An insight into the salaries of technical, managerial and administrative folk who work on Canadian Mines.

June 28, 2012

Guatemala seeks 40% stake of all mining companies

Like most of Latin America, Guatemala is to increase control over natural resources, with President Otto Perez Molina proposing a Constitutional reform that will make possible for the for the…

June 27, 2012

Glencore ‘ready to pull’ Xstrata merger

While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.

June 27, 2012

2012 survey of Canadian mine wages

Fifty-six mines across Canada provided data on wages paid in 2011.  Thirty-four are union mines; and twenty-two non-union.  Forty-five reported increased wages while eleven made no changes.  None decreased wages. 

June 27, 2012

San Gold signs financing and option agreement with Canadian Arrow Mines

The agreement gives Sand Gold an 80% undivided interest in all precious metals produced by Canadian Arrow's properties which includes silver and gold, but excludes platinum and palladium.

June 26, 2012

Royal Nickel seeks dance partner for its $1.8 billion Dumont nickel project

Royal Nickel (TSX:RNX) wants to secure a partner for its Dumont nickel project, one of the world’s largest undeveloped nickel sulphide projects.

June 25, 2012

Prophecy Platinum arranges $11.25 million non-brokered private placement

The company is intending to sell 5 million units at $2.25 a share, proceeds of the placement intended to advance its flagship property in Canada's Yukon Territory.

June 21, 2012

Xstrata to pay $342 million to execs after Glencore merger triggers ‘red-top alert’

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

June 19, 2012

Burundi makes nickel debut

Burundi is slowly entering the global mining economy. Two imminent projects are Muremera nickel, in the target outline stage, and Musongati, targeting nickel, cobalt, copper and platinum.