April 17, 2012

IMF forecast gets more upbeat

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.

April 17, 2012

Mining companies to benefit from updated FTA between Canada and Chile

Canadian Prime Minister Stephen Harper and Chilean President Sebastian Piñera signed yesterday an agreement to upgrade the free trade deal between their two nations, which will benefit several miners with…

April 16, 2012

The meek shall inherit the earth, but not its mineral rights: Meet mining’s 40 richest billionaires

MINING.com counts more than 90 billionaires involved in minerals, metals and mining on the planet with a combined wealth of well over $300 billion.

April 15, 2012

Canada’s Harper tells Americas summit mining has ‘vast power to change the way a nation lives’

Mining contributed $50 billion to the country’s GDP in 2011, he said, and provides “well paying” jobs for more than 300,000 Canadians.

April 13, 2012

The last time South Africa’s mines produced this little the country was still ruled by the Queen of England

Output from the resources industry in the African nation is now the lowest since 1961, the year South Africa left the British Commonwealth and declared itself a republic

April 13, 2012

US versus Australian mine manager salaries

Today Jennifer Leinhart of CostMine sent me these two volumes: 2011 Survey Results: U.S. Coal Mine Salaries, Wages and Benefits 2011 Survey Results: U.S. Metal & Industrial Mineral Mine Salaries,…

April 12, 2012

China soft landing likely, says World Bank

The Chinese economy is likely to land softly, rather than with a jolt, with growth forecast at 8.2% this year and 8.6% in 2013, according to The World Bank.

April 10, 2012

New report shows resource investors cannot pick a worse spot to put their money than Toronto

Overall, only the stock indices of Spain and Portugal's top companies fared worse than Toronto's S&P/TSX-60. But in the group of resource-heavy exporting countries Canada's stock market came in stone…

April 10, 2012

Castro is certifiably mad; at least on mining

There are many reports on today’s new about a rant and rave by Fidel Castro on mining. Granted the old man is certifiably mad and that he runs a country…

April 6, 2012

The ‘lunar trajectory’ of Canadian mining investment

The source of the surge in mining investment has been quite diverse, reflecting the widespread advance in prices. For 2012, gold leads the way with $3.6 billion of capital spending.…