June 6, 2012

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.

June 5, 2012

FT: EU’s efforts to cut red tape held up by anti-graft rules for mining companies

At the moment the draft legislation requires mining companies to disclose on a project-by-project basis what they pay local officials in foreign countries.

June 5, 2012

Canada re-emerges as the top destination for mining and metals deals: Ernst & Young

Canada topped the global mining and metals sector as the number one target destination by total deal value in the first three months of this year, says international firm Ernst…

June 4, 2012

Canada’s metals and mining companies are all smiles: survey

The first Canadian mid-market chief financial officer (CFO) survey published today by GE Capital, shows that local metals and mining companies are extremely positive about the current state of the…

June 1, 2012

Teck announces tentative collective agreement at Trail Operations

Teck Resources Limited ("Teck") (TCK.A and TCK.B, NYSE: TCK) announced today that Teck and Locals 480 and 9705 of the United Steelworkers have reached a tentative collective agreement covering Trail…

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

Bulgaria reopens lead and zinc mine, 750 miners get jobs back

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 30, 2012

Baja Mining lays off 40% of staff and seeks funding for Boleo

Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding…

May 29, 2012

Silvercorp says work interrupted at mine in China

Canadian Silvercorp Metals (TSX: SVM-News)(NYSE: SVM-News), China’s biggest silver miner, said Monday that production at its flagship silver-lead-zinc Ying Mine will be interrupted for about five days as a result…