Fed does nothing to help gold’s terrible Q4
Traders are now worrying that without a clear catalyst to push prices higher, gold will continue to drift lower.
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Alberta oil sands to benefit Canada’s total economy: report
Alberta's oil sands will positively affect all Canadian provinces and will lead to billions of dollars of jobs and investment across the country, says a Conference Board of Canada report released Wednesday.
AngloGold Ashanti fires 12,000 South African striking miners
AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.
Miners focussed on making current assets more efficient: GE Mining exec
With softening iron ore and coal prices in Australia, miners are focussing more on making existing mines more productive rather than breaking ground on greenfield operations, told MINING.com Geoff Knox who is Chief Executive Officer for GE Mining and GE Transportation in Australia.
Natural gas giant Encana posts $1.24-billion quarterly loss
Natural gas titan Encana Corporation (TSX: ECA) (NYSE: ECA) posted Wednesday a $1.24-billion net loss in its third quarter, driven mainly by lower natural gas prices over the past year, but it said it was still on track to meet its financial guidance for the full year.
SCEE Awarded $100 million Rio Tinto Contract
It will supply and install the Electrical and Instrumentation package at Rio Tinto’s Cape Lambert Port Expansion.
Canada’s Teck Resources knocked down by global economic grief
Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit dropped by more than half.
Nautilus seabed mining project jeopardized again
Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to cancel the firm’s seabed mining permit.
Vale’s Q3 profits expected to dive 61% on depressed ore prices
Brazilian mining giant Vale (NYSE:VALE) is expected to log a year-on-year Q3 profit decline of 61% due to this year's precipitous dive in iron ore prices.
