Indian suitors eye Australia’s Premier Coal
With Lanco looking to build on its recent Griffin Coal purchase, a new turf war is set to emerge between Indian suitors […]
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Goldman Sachs sees gold price rising to $1,480 within 3 months
Top US investmernt bank Goldman Sachs sees gold at $1,480 in 3 months and hit $1,690 in 12 months ahead of a rise in U.S. interest rates it expects to see at around that time.
Greystar not walking away from its big Colombian gold project
Canada's Greystar Resources Ltd (GSL.TO) said on Friday it was not abandoning its Angostura gold project in Colombia and would present plans to change the mine to underground from open pit.
Husky raises $300 million through share offering
Husky Energy (TSX:HSE) has successfully raised $300 million through a public offering of 10 million preferred shares. Shareholders will receive an annual […]
Talbot Group Selling Off Mining Assets
New York Times reports: The Talbot Group, the mining investment firm that experienced the loss of a director, Ken Talbot, who died […]
Northern Manitoba nickel mine could re-open by April
Crowflight Minerals has made an out of court settlement for $7.1 million, thus paving the way for a re-opening of Bucko Lake mine by early April, The Winnipeg Free Press reported today:
Crowflight Minerals Inc. is expecting to announce plans to reopen production at the Bucko Lake nickel mine in Wabowden as early as next week.
Alberta government to tax mining companies for cleanup
The Alberta government will collect three times more revenue than previously under its revamped mine security program, which pledges to collect money for mine reclamation, The Edmonton Journal is reporting. But existing companies will also get about a 10-year break in payments under the new system, which is geared to collecting more money in the later stages of a mine's life than in the early stages.
Inuit residents reject uranium mining at public forum
As Japanese workers and scientists battle to prevent a nuclear meltdown at the Fukushima plant, most Nunavut residents who showed up to a public forum Thursday night rejected the spectre of uranium mining in the northern Canadian territory.
Many Nunavummiut who attended a uranium forum Thursday night said they do not want uranium mining in Nunavut, while some even attacked the territory's Inuit group for supporting uranium development.
First Uranium: S Africa mine operations resume
Canadian gold and uranium producer First Uranium Corp (FIU.TO) said on Friday it has resumed underground operations at its Ezulwini gold mine in South Africa.
A temporary work stoppage instruction was issued on March 12 by the South African Department of Mineral Resources, pending investigations after a worker died in fall of ground.
