February 4, 2016

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

February 4, 2016

The Ivory Coast calls upon Laurentian University to develop its mining sector

SUDBURY, ON (February 4, 2016) – Laurentian University has signed an agreement to leverage its expertise in an effort to help evaluate […]

February 4, 2016

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

February 4, 2016

Suncor cuts spending by 10% after posting $2bn loss on writedowns

The Canadian oil giant lowered capital spending plan to between $6bn and $6.5bn from a November estimate of $6.7bn to $7.3bn.

February 3, 2016

PDAC recommends measures to support Canadian mineral exploration in pre-budget submission

The Prospectors & Developers Association of Canada is asking the government to increase the Mineral Exploration Tax Credit (METC) to 30% for a period of three years.

February 3, 2016

Chile’s court confirms 2nd highest fine in history for Caserones mine

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.

February 3, 2016

TransCanada Energy East pipeline project to create 120 jobs in Quebec

The firm has signed a deal with a power equipment manufacturer that will create up to 120 jobs in Quebec.

February 2, 2016

Dominion Diamond can go ahead with Ekati mine expansion — watchdog

The board's recommendation still needs to be approved by Canada’s Northwest Territories authorities.

February 2, 2016

Canadian prospectors holding on to long-term resources demand forecast

However, they acknowledge that there are no signposts yet in the market that suggest mineral prices will rebound soon.

February 2, 2016

Oil price crash: markets slump as Opec resists Russian calls for emergency meeting

Moscow's foreign minister says Russia is ready to talk as country's oil production reaches post-Cold War high.