Profit margins for the world’s top 40 mining companies are below the historical peaks of 2006 and 2007 as higher costs outweigh […]

The world’s fifth largest copper mine, Chile’s El Teniente, worked at less than half of capacity on Monday as most workers stayed […]

The Israel Diamond Institute (IDI) will present the first Israeli Diamond Pavilion at the June Hong Kong Jewellery & Gem Fair, June […]

Wesgold Minerals has struck an option agreement with a polymetallic property in Colombia. According to Canadian Press, Wesgold has acquired an option to buy up to 51 percent of a property that hosts iron-oxide-copper-gold deposits: The Vancouver-based junior miner says it bought the option for an initial 11 per cent interest in the property, known as the Cordoba Property, from Minatura International LLC for a total cash cost of $4 million. The property consists of a mining concession contract and several mining claims covering 25,790 hectares, about 200 kilometres north of Medellin.

Ethos Capital Corp. (TSX VENTURE:ECC)(OTCQX:ETHOF)(FRANKFURT:1ET) is pleased to announce that it has acquired option rights to an additional 1,460 claims by staking in the highly prospective White Gold District approximately 120 km south of Dawson City, Yukon. The new claims are contiguous with and adjacent to the Betty Property (see November 30, 2010 news release) and the Bridget Property (see March 3, 2011 news release) acquired by option from Shawn Ryan and Wildwood Exploration Inc. A total of 166 new contiguous claims were added to the Betty property which adds 30% to the area of the property.

Crescent Gold Limited is pleased to announce a maiden probable gold reserve of 54,000 ounces near surface at its newly acquired Apollo Deposit in Laverton, Western Australia. Mining operations have been fast tracked and are scheduled to commence in the third quarter of this year. New drilling results and resource modelling had confirmed the probable gold reserve of 770,000 tonnes and at average grade of 2.2 grams per tonne Au (g/t gold) at the company's newly acquired Apollo deposit, less than 10 kilometres southwest of Laverton. Crescent Gold acquired the project last year from the former owners, Barrick Gold and Carbon Energy.

The first of Sandvik’s revolutionary new DPi Series surface top hammer drill rigs - the biggest top hammer of its kind in Africa - has been commissioned at Independent Quarries in East London, South Africa and two more are on order. The intelligent self-propelled, self-contained crawler has been introduced to meet the rigorous demands of production drilling, quarry and mine development, pre-splitting and dewatering. There are already 15 DPi rigs operating in other parts of the world.“The new DPi Series reflects 20 years of experience in quarrying and open pit mining in the hole range of 76 to 152 mm, drilling deeper holes more accurately than ever before,” Cornel Burger, Sandvik’s General Manager Operations & Construction, says. The machine’s 33 kW rock drill is now the biggest available on the market.

After days of discussions with an oil and gas industry association, Environment Canada has confirmed a substantial rise in greenhouse gas pollution […]

Alberta’s oilsands could deliver $67.5 billion a year into provincial government coffers by 2044, says a new report from the Canadian Energy […]