April 23, 2012

Investors, directors flee Baja after Boleo costs rocket. Stock tanks 37%

Baja Mining dropped 37% on Monday on more than 15 times usual trading volumes, after announcing its Boleo copper-cobalt-zinc project in Mexico will now cost 21.5% more and that half…

April 23, 2012

Undersea mining closer to reality

"The quality of this relationship with China's largest importer of copper concentrates provides further evidence that there is considerable interest in the high grade massive sulphides being found by the…

April 18, 2012

Canada makes good on promise to streamline mining, oil and gas projects

The Canadian government followed through on last month's budget promise to streamline environmental reviews of resource projects with a plan for "responsible resource development."

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

Yukon watershed the size of New Brunswick becomes a flashpoint between environmentalists and miners

The Toronto Star profiles Peel River in the Yukon, a growing sources of contention between miners and environrmentalists

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 13, 2012

Doe Run Peru to be liquidated after rejected restructuring of La Oroya smelter

Metals producer Doe Run Peru’s creditors rejected a restructuring plan the company presented with a view to restarting operations at the La Oroya smelter, said in a statement the Energy…

April 13, 2012

Melting Arctic is nothing but good news for the mining industry: Lloyd’s/Chatham House

The melting ice cap in the Arctic sea could open up access to immense mineral reserves, attracting billions of dollars in investment, but also bringing with it unique risks and…

April 13, 2012

US versus Australian mine manager salaries

Today Jennifer Leinhart of CostMine sent me these two volumes: 2011 Survey Results: U.S. Coal Mine Salaries, Wages and Benefits 2011 Survey Results: U.S. Metal & Industrial Mineral Mine Salaries,…

April 12, 2012

Glenstrata would stay number one in zinc even after losing 0.5 Mtpa in Canada in 2013

A full merger of Glencore and Xstrata, now before shareholders, will make the group the world's biggest zinc producer, with a controlled output of about 1.6 million tonnes and a…