MINING.COM

First mining cluster in Chile to boost suppliers’ development and growth

Nine mining firms, both local and international, have joined forces to create a cluster that promotes the development of local businesses, which in turn should bolster the mining industry in the northern Chilean region of Antofagasta.

MINING.COM Staff Writer | June 5, 2012 | 5:48 pm

Huge setback for Rinehart and Reddy empires

Australian environment minister Tony Burke decided on Tuesday to "stop the clock" on Hancock Prospecting and GVK's Alpha coal project despite approval from the state of Queensland given last week.

Frik Els | June 5, 2012 | 5:10 pm

Caterpillar and Westport Innovations enter the natural gas vehicles business

Earth-moving equipment maker Caterpillar (NYSE:CAT) will work with Canadian Westport Innovations (TSX:WPT) to develop natural gas-powered engines for mining trucks, locomotives and other heavy equipment that typically uses diesel.

Cecilia Jamasmie | June 5, 2012 | 4:18 pm

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 & Young.

Cecilia Jamasmie | June 5, 2012 | 3:09 pm

Are Indian consumers really falling out of love with gold? – Survey

Gold demand in India, one of the world's leading buyers, is likely to fall by at least 4% in volume in 2012, as higher inflation trims disposable local income, according to the latest research report by Morgan Stanley.

Cecilia Jamasmie | June 5, 2012 | 2:24 pm

Potash stocks led by Mosaic and Potash Corp. hit annual lows on financial worries

Stocks of major fertilizer producers Mosaic and Potash Corp hit their lowest levels in almost two years on Monday, in what is considered yet another sign the commodity “supercycle” is gearing down as slower global growth cools demand.

Cecilia Jamasmie | June 5, 2012 | 10:16 am

No Dutch disease here: report shows commodity sector boosts manufacturers

The massive developments in mining and oil and gas in Canada have also pulled along a thriving manufacturing sector, according to a study by Conference Board of Canada and the Business Development Bank of Canada.

Michael Allan McCrae | June 5, 2012 | 5:57 am

GoGold makes a deal for $30 million in cash and 741,000 gold equivalent ounces

After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.

Michael Allan McCrae | June 5, 2012 | 5:09 am

Maybe dirty, certainly cheap: Canadian crude crashes through $60 a barrel

A $40 discount to the global oil price, competition from Bakken shale oil, rising labour costs, pipeline problems and overproduction put in jeopardy billions of dollars of oil sands projects.

Frik Els | June 5, 2012 | 12:13 am

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