MINING.COM

The solar sector in India will boom because the government is incompetent: GigaOMtech

GigaOMtech predicts that the solar sector will do very well in India because the government is heavily involved in the coal and the oil and gas sector.

Michael Allan McCrae | April 30, 2012 | 4:49 pm

Argentina’s Supreme court demands environmental reports used to approve Barrick’s Pascua Lama

The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX) bi-national Pascua Lama gold-silver project, a source from the court told BNamericas.

Business News Americas | April 30, 2012 | 4:37 pm

North America to lead energy investments in 2012: analysts

North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.

Cecilia Jamasmie | April 30, 2012 | 4:31 pm

Energy Transfer paying US$5.3 billion for Sunocor

Energy Transfer (NYSE: ETP), a natural gas transportation company based in Texas, and Sunoco, Inc. (NYSE: SUN) agreed on a US$5.3 billion merger in a cash and stock transaction valued at $50.13 per share.

Michael Allan McCrae | April 30, 2012 | 4:06 pm

Worldwide steel consumption growth to drop this year

The World Steel Association is cutting its forecasts for global use of the commodity by 1.8% this year, as China - the world’s biggest consumer of steel- has slowed down its growth.

Cecilia Jamasmie | April 30, 2012 | 3:05 pm

Rio Tinto should fill its 6,000 vacancies with Australians: Government

Australia's Federal Skills Minister, Chris Evans, said Rio Tinto (LON and NYSE: RIO) should focus on local workers when filling its 6,000 mining jobs, in what is considered the largest recruitment campaign in the country’s history.

Cecilia Jamasmie | April 30, 2012 | 2:08 pm

Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties

Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.

Cecilia Jamasmie | April 30, 2012 | 11:28 am

Canada becoming world class iron ore region, copper to rally H2 -Scotiabank’s Mohr

China's push to diversify its supplies away from the big three iron ore miners is propelling development that will transform Canada's Nunavut/Labrador Trough into a world-class iron ore region.

Mineweb | April 30, 2012 | 6:24 am

Iron ore billionaire plans to rebuild the Titanic and run against Deputy Prime Minister

Clive Palmer, who made his fortune through securing access to 160 billion tonnes of iron ore reserves in the Pilbara Ranges, plans to rebuild the Titanic and contest the seat held by Wayne Swan, the Deputy Prime Minister of Australia.

Michael Allan McCrae | April 30, 2012 | 4:57 am

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