Bashed billionaires: Lakshmi Mittal is mining’s biggest loser
Firstpost reports after a 5% salary increase Lakshmi Mittal took home $1.74 million last year working as the CEO of ArcelorMittal. The […]
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Goldcorp announces dismissal of Barrick’s claims against El Morro acquisition
Ontario Court Justice Herman Wilton-Siegel dismissed Barrick Gold's claims of unlawful and ineffective transactions by Goldcorp in the acquisition of the El Morro project in Chile.
Glencore-Xstrata deal ‘on the verge of collapse’ after Qatar withdraws support
Qatar's about-turn means that more than 25% of shareholders eligible to vote at the 12 July meeting are now against the deal’s current terms.
Global glut pushes Canadian crude down to $52 a barrel, pricing oil sands out of the market
At $52 a barrel how can high-cost bitumen producers compete against Saudi-Arabia pumping oil at the fastest rate in 30 years, the ramp-up in the Bakken and vast new gas supplies all around the world? They can't.
Diamonds looking good long because of Western style weddings in China and India
The rapid industrialization of China and India will be good for the diamond business, and in the next decade demand will break through the peak reached in 2006, according to an analyst at Bain & Co.
Mongolian coal mining stops, drops and …
Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.
Robots to ensure high safety standards in Latin American mines
Scientists around the world, including in Canada, are currently developing robots that can anticipate and prevent mining accidents, such as the dramatic entrapment of 33 Chilean miners in the Atacama Desert in 2010.
Diamonds are now your laundry’s best friend
British scientists have discovered that adding small amounts of nanodiamonds - pieces of carbon less than a ten-thousandth of the diameter of a human hair - make powder detergent much more effective at removing dirt and grease.
Rockwell Diamonds carat production up 74% in Q1
Canadian Rockwell Diamonds announced its carat production for the first quarter of this year improved by 74% to 6116 carats from the same period last year.