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 16, 2012

Colluli potash resource tops 1 billion tonnes

South Boulder Mines Ltd (ASX:STB) is pleased to announce that the JORC/NI43-101 Compliant Mineral Resource Estimate for the flagship Colluli Potash Project now stands at 1.08 billion tonnes @ 18%…

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 15, 2012

With 4 mega-projects sucking up $120 billion, BHP vows to ‘live within its means’

BHP's four largest projects – Olympic Dam, the Outer Harbour iron ore infrastructure project in Australia, expansion of its US shale gas operations and Jansen potash in Saskatchewan, Canada –…

April 13, 2012

Western Potash is in talks for potential investment or sale

TORONTO—Canada's Western Potash Corp. WPX.T +10.78% is in talks with several Indian and Chinese state-owned and private enterprises that could lead to an investment in, or sale of, the potash…

April 11, 2012

Vale vs IMF: Who are you going to believe?

Using the dismal science to make forecasts and taking risks with real money are two very different things. And the Brazilian giant is definitely putting its money where its mouth…

April 11, 2012

One of the 33 Chilean miners trapped in 2010 ventures underground for first time since rescue

More than one billion people watched the rescue of 33 Chilean miners from a collapsed mine in 2010. Today, one of them has decided to venture underground for the first…

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 9, 2012

Glasenberg – 1, Xstrata shareholders – 0

The $2.6 billion Qatari investment could provide Glencore CEO Ivan Glasenberg the necessary backing he needs to push through the deal which many Xstrata shareholders say sell them short.