MINING.COM

Canadian crude falls to $47.50 below world price after dropping 14% in one day

Bitumen is expensive to extract, upgrade and refine and cannot compete with the many new shale oil plays, which have pushed US production to its highest level in a decade.

Frik Els | March 28, 2012 | 11:29 pm

Workers for rival miners brawl at pubs

A Port Hedland pub has banned patrons from wearing work uniforms due to rising tensions between the workers of rival Pilbara mining companies.

Australian Mining | March 28, 2012 | 11:19 pm

South Korean companies want to establish 6,000 MW coal power plants in Turkey

Today Energy minister Taner Yildiz said that South Korean companies were interested in establishing 5,000-6,000 MW coal-fired power plants in Turkey.

Penn Energy | March 28, 2012 | 10:47 pm

Mitsubishi pays $81m for 25% stake in PGM mine

Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.

MINING.com Editor | March 28, 2012 | 9:56 pm

Alberta premier promises $3 billion to help clean up oil sands

Alison Redford, the premier of the Canadian province of Alberta, promised on Wednesday to spend $3 billion on clean-up projects in the oil sands.

MINING.COM Staff Writer | March 28, 2012 | 9:45 pm

Goldman Sachs says buy gold. Right now!

The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.

Frik Els | March 28, 2012 | 8:00 pm

AuRico Gold dumps Australian mines for $105 million

AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.

Andrew Topf | March 28, 2012 | 7:09 pm

In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business

The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion of the purchase price.

Frik Els | March 28, 2012 | 7:05 pm

Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.

Frik Els | March 28, 2012 | 6:19 pm

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