June 15, 2016

Canada’s Erdene Resource sees bright future after striking gold in Mongolia

The company's Bayan Khundii project went from greenfield prospect to the company’s flagship asset in roughly nine months.

June 15, 2016

Kyrgyzstan ratchets up dispute against Canada’s Centerra Gold

President Almazbek Atambayev has ordered state prosecutors to review the legality of agreements signed with the company in 2003-2004 and 2009.

June 15, 2016

Canadian project tailors microbes to extract gold without harming environment

The new technique could help improve environmental outcomes as it uses bacteria instead of chemicals such as cyanide.

June 15, 2016

Global upstream investment slashed by US$1 trillion since the oil price drop

Wood Mackenzie expects to see further cuts throughout the year and investment levels continue to shrink as more projects are dropped and companies struggle to breakeven.

June 14, 2016

World’s largest diamond found in 100 years could fetch over $70M

The three-billion-year-old diamond the size of a tennis ball was found by Canada's Lucara Diamond last year.

June 14, 2016

Egypt ancient gold mines offer clues on country’s untapped vast mineral deposits

The country is said to be sitting on mineral deposits worth hundreds of billions of dollars which, once developed, could surpass oil as its main source of income.

June 14, 2016

Cenovus bumps up caribou protection project with $32M investment

The company aims to replant forests along old access roads and seismic lines in an area covering 3,900 square kilometres — more than 10 times what it accomplished through its…

June 13, 2016

The Government of Guinea authorizes formation of the Diamond and Gold Bourse of Guinea (DGBG) in joint venture with Canadians

Mr. Saramady Touré, the Guinean Ambassador to Canada, has announced the signing of a government decree by President Professor Alpha Conde, President of the Republic of Guinea for the establishment…

June 13, 2016

Turquoise Hill soars on Rio Tinto increasing stake rumours

The mining giant is said to have hired Goldman Sachs as an adviser to look at a two-step wrap-up of the Vancouver-based firm.

June 13, 2016

Canada’s oil sands production could take weeks to recover

Oil sands production in Canada could take weeks to return to previous levels following the ongoing wild fires that have been ravaging Fort McMurray.