Locals lead the way in tin mining
AUSTRALIA could be the main source of new tin mine production in the next five years.
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Mr Karzai invites gold and copper bidders to Afghanistan
The Karzai administration opened bids on billions of dollars worth of copper and gold deposits in four areas of occupied Afghanistan. The Afghan Ministry of Mines invited foreign transnationals to bid on multiple contracts to unearth copper and gold...
Mr Putin intervenes to save jobs at aluminum smelter
Reuters reported that Mr Vladimir Putin PM of Russia facing a wave of voter outrage as he prepares a bid to return to the Kremlin intervened to prevent an archaic 67 year old aluminum smelter with 3,500 workers from closure. Mr Putin was informed at a...
Harry Winston stockpiles rough diamonds waiting for better markets
Announcing its third quarter on Thursday, Harry Winston (TSX:HW) reported a $4.7 million loss and said it is keeping some of its diamonds on ice.
British funding for oilsands critics
- Federal Natural Resources Minister Joe Oliver has taken a dim view of British funding for opposition to oilsands development. "It's unfortunate that foreign interest groups opposed to Canadian development of our energy resources are pushing ...
Encanto Potash Corp. announces closing of the Muskowekwan First Nations Investment
VANCOUVER, Dec. 9, 2011 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Company") (TSXV:EPO) (OTCQX:ENCTF) is pleased to report the closing of its previously announced (see press release dated November 16, 2011) non-brokered private placement of 12,940,000 units for aggregate gross proceeds of $2,976,200. The proceeds will be used to provide the Company with working capital for engineering studies, marketing and general administrative expenses.
New zinc mine in Northwest Territories crosses environmental hurdle
A new zinc mine in Canada's Northwest Territories has received environmental approval. Canadian Zinc Corporation (TSE:CZN) said Friday that its Prairie Creek Mine has cleared an environmental review by the Mackenzie Valley Environmental Impact Review Board, meaning the mine can proceed to the next stage of regulatory approvals.
Norilsk Nickel to invest US$10.9 billion to expand resource base
World #1 nickel and palladium producer Norilsk Nickel is investing heavily in new and existing mines. The Russian mining conglomerate announced today it will spend US$10.9 billion to expand its mineral resource base including development of existing mining assets and construction and commissioning of new mines.
Gold gains as European leaders tackle crisis; palladium rallies
Gold rebounded from the biggest decline in more than two weeks as European leaders worked to agree on a plan to save the euro and defuse the debt crisis.
