June 1, 2012

Brazil Potash raises funds for Amazon Basin development

Brazil Potash Corp. announced it has secured $58 million for potash exploration at the Amazon Basin project, where it plans to build a $3.5 billion to $4 billion mine.

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

Viterra receives court OK for takeover by Glencore

Viterra Inc. has been granted court approval for the plan of arrangement pursuant to which a wholly owned subsidiary of Glencore International PLC will acquire all the issued and outstanding…

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 29, 2012

Feds order rail workers back to work by Thursday

The Canadian government did what it said it would do Monday, ordering close to 5,000 striking CP Rail employees back to their jobs.

May 27, 2012

Big miners playing game of chicken as marginal producers sink below break-even

Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price…

May 25, 2012

Amazon fertilizer plays come up smelling like roses

Despite a lacklustre day for the sector – North America's big three Potashcorp, Agrium and Mosaic all suffered losses – two Brazil focused potash mine developers attracted strong investor interest…

May 24, 2012

Rail strike threatens Canadian coal, potash

A strike by CP Rail is hampering the movement of goods across Canada including mined commodities coal and potash.

May 23, 2012

Zuckerberg lost $1.5 billion in 24 hours, but he wasn’t the unluckiest billionaire. Batista was

The declines wiped $1,744,800,000 from Batista's personal fortune in one day, which means he fared worse than Mark Zuckerberg who suffered more than $1.5 billion in losses as a result…