July 5, 2012

MacDonald Mines acquires additional claims in the ring of fire & provides corporate update

The company reports on the acquisition of claims in the Ring of Fire area, changes of the board and the authorization of a new auditing group to fix remuneration.

July 5, 2012

Baja’s top shareholder won’t give more for Boleo

Besieged Baja Mining suffered another setback on Thursday after Mount Kellett Capital Management, the company’s largest shareholder, announced it wouldn’t provide debt or equity financing for the Boleo project in…

July 3, 2012

The incredible shrinking merger: Glenstrata already worth $35 billion less

Knight Vinke is looking for a ratio of 3.25:1 similar to the demands of Qatar which last week pushed the $60 billion deal to the verge of collapse.

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 26, 2012

Bashed billionaires: Lakshmi Mittal is mining’s biggest loser

Firstpost reports after a 5% salary increase Lakshmi Mittal took home $1.74 million last year working as the CEO of ArcelorMittal. The […]

June 25, 2012

Teck receives regulatory approval for renewal of share buy-back program

Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") has been informed that the Toronto Stock Exchange (TSX) has accepted Teck's notice of intention to make a normal course issuer…

June 25, 2012

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

June 22, 2012

Baja Mining thanks shareholders for their support and provides project update

On the table at the company's annual shareholder's meeting in Vancouver were cost overruns, operating costs and new funding requirements.

June 21, 2012

Billions wiped off metal stocks after China, EU and US deliver economic shocks

The mining sector's bellwether companies were all beaten down on Thursday as the price of metals and minerals continued to slide and economic indicators from across the globe painted a…