Cenovus says railways are ready to ease oil transportation bottlenecks
Oil and gas producer Cenovus Energy Inc expects Canada’s railways to be able to carry more oil in the second half of this year.
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Goldcorp to pay $3.7 million for stake in newly formed explorer
Goldcorp will acquire 14% of Quebec Precious Metals Corp. born Thursday from the merger of Matamec, Canada Strategic Metals and Sphinx Resources.
Newmont profit soars on higher gold prices, claims top bullion miner title
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
Moroccan King to sign trade, mining deals with Congo
Moroccan King Mohammed VI will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund.
Sale of 910-carat rock boosts Gem Diamonds revenue, stone prices
The company's revenue jumped a whopping 174% in the first quarter of the year thanks to strong demand for its rough rocks and the sale of a 910-carat diamond, the fifth-largest ever found.
Minotaur and Andromeda form star alliance
Andromeda may earn up to 75 per cent interest in Minotaur’s kaolin-halloysite deposits in South Australia through the expenditure of $6 million over a period of up to 5 years.
Australian gold miner Newcrest downgrades full-year production forecast
Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30.
Brazil’s Vale 1st-qtr profit slumps by a third as costs rise
The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.
Canada’s First Cobalt eager for more after U.S. Cobalt buy
Refinery could be working in 1-to-2 years' time.
