Mines vs rainforest: Showdown looming in Tasmania
The Australian reports on a potential clash of visions in the Tasmanian rainforest, where 10 new mines are proposed and 58 exploration licences active.
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Canadian crude discount cut in half in six weeks
The price oil sands producers receive for their crude improved to $30.75 a barrel below the international benchmark on Friday, a 42% gain from multi-year lows hit six weeks ago on the back of a sharply narrower gap between Canadian and US crude.
Mining, oil and gas led Canada’s growth in 2011
Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.
UK Coal up 13% after swinging into profit
UK Coal (LON:UKC) turned a £124.6 million loss in 2010 into a pre-tax profit of £58 million last year as production and revenue jumped.
US studies new law to speed up one of world’s longest permitting processes
"What is new is the growing awareness of its implications for our nation, particularly in a highly competitive world economy in which the demand for minerals continues to grow, especially in fast growing economies led by China and India."
Nautilus Minerals lists on OTCQX International
Canada-based Nautilus Minerals Inc. announced today that its common shares are now trading on the OTCQX International for greater access to the U.S. capital markets.
Xstrata pulls out of Donkin Mine project in Eastern Canada
Australian miner Xstrata Coal is pulling out of the Donkin Mine project, which promised to employ as many as 300 people in Cape Breton, Eastern Canada, by 2014.
Give me those 6,000 skilled workers – Rio Tinto
Mining giant Rio Tinto launched today an aggressive recruitment campaign to fill 6,000 vacancies across its 30 operations in Australia.
Randgold aids north Mali
Humanitarian funds raised by Randgold Resources chief executive Mark Bristow's trans-African motorcycle safari in 2010 have been used to make a food donation to people in the north of Mali, which has been afflicted by an uprising by Touareg rebels.
