Tier 1 gold miner Gold Fields has bought nearly all the shares in a Peruvian subsidiary for $382 million to increase its […]

Earth Energy Resources Inc. could be the first to break ground in the Utah oil sands after the Canadian company won the right to excavate, according to a story posted by the Daily Brew: The U.S. could be set to open its first oilsands project after an Alberta-based company qualified for a permit to dig on 25 hectares (62-acres) in Utah. Earth Energy Resources Inc. could be the first to break ground in the Utah oil sands after the Canadian company won the right to excavate, according to a story posted by the Daily Brew: The U.S. could be set to open its first oilsands project after an Alberta-based company qualified for a permit to dig on 25 hectares (62-acres) in Utah.

An $8.5 billion joint venture between Adriana Resources and Wuhan Iron and Steel Co. Ltd. would create the largest iron ore mine in Canada, capable of producing 50 million tonnes of iron ore over 100 years. Nunatsiaq Online reports on a preliminary economic assessment of the project released this week:

Hondo Minerals Corp has announced the expansion of its operational infrastructure in preparation for the opening of a processing facility at the Tennessee mine in Arizona.

Acquisition firepower is one of the main reasons behind Glencore’s planned $12bn listing and, while many see Xstrata as its number one […]

Metallurgical coal mining company Grande Cache Coal Corp cut its 2012 coal sales forecast as it expects production to be affected by the challenging mining conditions. The company now sees coal sales volumes of 2.2-2.4 million tonnes, down from the previous forecast of 2.4-2.6 million tonnes.

The extent of a newly discovered high-grade gold zone at Balmoral Resources’ Martiniere project in Quebec – not far from Detour Gold’s […]

IAMGOLD (TSX: IMG) agreed to sell its 18.9-percent interests in two Ghanaian gold mines, Tarkwa and Damang, to Gold Fields (NYSE: GFI), the majority stakeholder, for $667 million. The company reasoned it hasn't been getting fair value by investors as minority players in mines in which Gold Fields owns the majority stakes. "Our strategy is to invest in mines that we own and operate, as they represent the best return on investment for our shareholders," Steve Letwin, IAMGOLD president and CEO said in a statement.

Bloomberg reports: Cia. Minera Milpo SA, a Peruvian zinc and lead miner, won the bidding for a copper and molybdenum deposit stripped from Inca Pacific Resources Inc. (IPR) last year and will invest $400 million in the project, the government said. Lima-based Milpo will start up the Magistral deposit in the northern Andes in 2015, state investment promotion agency Proinversion said today in an e-mailed statement. Peru canceled Vancouver-based Inca Pacific’s concession in October, alleging the company failed to meet investment commitments.