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.

June 18, 2012

Prophecy’s positive PEA prompts 12% gain

After announcing an economic report today, shares in Prophecy Platinum traded hands at six times their usual volume.

June 18, 2012

First Nickel optimizes Lockerby Mine plan, resulting in an $87 million NPV

First Nickel has updated and optimized its mine plan, result in a new $86.9 million net present value.

June 17, 2012

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy…

June 15, 2012

DeepGreen’s Clipperton project would make Nautilus’ Solwara 1 project look like ‘child’s play’

Peter Koven at the National Post looks at the Vancouver-based DeepGreen Resources, a private company that just signed 50% off-take agreement with mining giant Glencore International.