MINING.COM

Shear recovers 3,500 carats from Jericho diamond mine in Nunavut, Canada

Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut, Canada.

Cecilia Jamasmie | May 1, 2012 | 5:21 pm

Caterpillar workers strike at Illinois plant

About 800 workers at a Caterpillar plant in Joliet, Illinois went on strike early Tuesday morning less than two days after rejecting a six-year contract that included a $5,000 ratification in payment and participation in the company’s annual bonus plan.

Toronto Sun | May 1, 2012 | 4:51 pm

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.

Cecilia Jamasmie | May 1, 2012 | 4:39 pm

Cameco gains 5% after strong quarter

Sales volumes were up 33% at Cameco, the world's largest uranium miner in Q1. Revenue increased 22% to $563 million and gross profit showed a gain of 31% to $178 million.

Michael Allan McCrae | May 1, 2012 | 4:17 pm

Newmont looking at other options if Conga costs continue to climb

Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.

Cecilia Jamasmie | May 1, 2012 | 3:35 pm

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

Cecilia Jamasmie | May 1, 2012 | 2:01 pm

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.

Cecilia Jamasmie | May 1, 2012 | 12:50 pm

Canadian Oil Sands divvies up 17% more as $23 syncrude discount evaporates

From a 7-year low against US benchmark crude only six weeks ago, syncrude on Monday moved into premium territory.

Frik Els | May 1, 2012 | 2:52 am

Courts tell Goldcorp to suspend El Morro construction

The Supreme Court of Chile suspended Goldcorp's (GG: NYSE; G: TSX) environmental permit for the El Morro copper-gold project.

Michael Allan McCrae | April 30, 2012 | 11:00 pm

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