MINING.COM

Osisko Mining buying Queenston in $550-million deal

Canada’s Osisko Mining Corp. (TSX:OSK) announced Monday it will buy Queenston Mining Inc for about $550 million to get access to gold-rich properties in the Kirkland Lake area in north-eastern Ontario.

Cecilia Jamasmie | November 12, 2012 | 3:32 pm

Shale will make the U.S. world’s top oil producer

The United States will surpass both Saudi Arabia and Russia becoming the world’s top oil producer by 2017, says the latest yearly world energy outlook published Monday by International Energy Agency (IEA).

Cecilia Jamasmie | November 12, 2012 | 2:58 pm

Fatal earthquake collapses gold mine in northern Myanmar

A 6.8-magnitude earthquake hit northern Myanmar on Sunday, collapsing a gold mine, a bridge, damaging several old Buddhist pagodas and leaving as many as 12 people feared dead.

Cecilia Jamasmie | November 12, 2012 | 1:46 pm

Gold near 3-week high on U.S. fiscal woes

Gold edged up on Monday, after posting its biggest weekly gain since late August, on safe-haven buying driven by worries the United States could return to recession if Congress fails to reach a deficit-reduction deal.

Moneycontrol.com | November 12, 2012 | 1:02 pm

BHP Billiton coal mine goes on a two-week strike

Supervisors at a BHP Billiton's subsidiary Illawarra Coal in the Australian state of New South Wales have voted to strike for up to two weeks over a pay dispute.

Cecilia Jamasmie | November 12, 2012 | 12:32 pm

Yamana Gold insists on risky project in northern Chile

Canadian miner Yamana Gold Inc. (TSX:YRI) (NYSE: AUY) is refusing to give up on its plans to re-open the old “Agua de la Falda” gold mine in Chile’s northern Atacama region, a particularly sensitive area in terms of energy costs.

Cecilia Jamasmie | November 12, 2012 | 11:53 am