May 3, 2012

Canada mints its last penny on Friday

The Canadian penny will get a ministerial send off when the Federal Finance Minister Jim Flaherty will be on hand to watch the last minting.

May 3, 2012

Grupo Mexico profit jumps 35% on higher production

Major copper producer Grupo Mexico reported a 35% jump in first-quarter profit, helped in part by higher mine production numbers.

May 2, 2012

Scientists trying to breathe new life into Europe’s dying metals mines

EuroNews reports on a trend becoming more common in European metal mines: the high cost of extraction amid depleted resources.

May 2, 2012

Northern Shield intersects gold and silver mineralization at Tempest

Northern Shield Resources Inc. ("Northern Shield") (TSXV: NRN) is pleased to announce results from the five hole drill program completed to date at Northern Shield's 100% owned Tempest property, in…

May 2, 2012

New watchwords at BHP: sequencing, discipline, cash flow

BHP Billiton addressed shareholder concerns about its ambitious investment plans in four mega-projects on Wednesday saying it will match capital expenditures closely with cash flows and stagger the project pipeline.

May 2, 2012

US metal and industrial metal mine salaries for 2011

There is no such thing as an average miner.  There is no such thing as an average salary.  Yet we can get some idea of how well mining people are…

May 1, 2012

2011 wages for US metal and industrial mineral mines

There are conventionally 2,080 work hours in a year. Thus somebody earning a wage of $20 an hour gets the equivalent of a salary of about $42,000. Considering the mine…

May 1, 2012

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the…

May 1, 2012

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

May 1, 2012

Sun Metals to maintain zinc deliveries despite supplier collapse

The Australian miner, a subsidiary of Korea Zinc, said Tuesday its Zinc output target was still achievable despite the collapse of key supplier Kagara Ltd