Gross domestic product in Canada rose 0.8% in the fourth quarter, said Statistics Canada today. The result was a doubling of the […]

TanzaniteOne Limited, the gemstones producer and developer, today announces the recovery of the third largest high quality gemstone ever mined in the 10 years operating history of the tanzanite project. The 12,100 carat (2.42 kg) rough tanzanite stone

A new plan being considered by the Gillard government could help fill the gaps in the skilled workers shortage. As the mining boom continues, the need for labour has increased and the federal government is examining a plan to allow an extra 20 000 skilled migrants into Australia.

Treasurer Wayne Swan is under pressure from Treasury bureaucrats to increase the skilled migrant intake, particularly for Western Australia, the Northern Territory and Queensland.

Copper is the most talked about commodity this year. Copper's price and supply-demand characteristics are widely assumed to reflect the health of the world industrial economy, hence it is considered as excellent barometer to understand global economy's health.

The South African diversified miner said the numbers had been boosted by a rise in commodity prices and higher output from its projects

Gold production at Centamin's flagship Sukari gold project have continued and company says no restrictions imposed although Egypt on Sunday banned gold exports for next 4 months

Australia produced 266 tonnes of gold in 2010, up 17% on 2009 but not enough to secure it first place as China's output grew to 341 tonnes in the same period. Australia maintained its number two ranking in gold output behind China in 2010

South Africa's president, Jacob Zuma, on Saturday officially launched a state-owned mining company under which he said all state interests in mining would be consolidated

Equinox Minerals Ltd. will make a hostile bid for Lundin Mining prior to the markets opening Monday morning, Vancouver-based Lundin announced in a news release on Sunday. "Lundin is not aware of the terms of the bid. Until Lundin Mining completes its review of the bid, it will not comment on the proposal," the release stated. "The Board of Directors of Lundin will update shareholders from time to time following receipt and consideration of the bid. Shareholders do not need to take any action in response to the bid at this time." The unsolicited takeover attempt could thwart the proposed merger between Lundin and Inmet Mining Corp. made public in January.