July 18, 2012

Rusoro asks World Bank to arbitrate dispute with Venezuela

Russian-Canadian miner Rusoro Mining, is asking an arm of the World Bank to intercede in a legal dispute with Venezuela after the country nationalized its gold industry, and took over…

July 18, 2012

Global diamond industry grapples with sliding demand

A prolonged slump in the global economy has put pressure on the diamond industry, forcing sellers to grapple with sliding demand, rising inventories and declining prices.

July 18, 2012

Ontario shuts down mining

Solid Gold Resources has been forced by the Ontario government to shut down its preliminary mining operations in a decision that gives First Nations the right to veto use of…

July 17, 2012

Northern Tiger Resources commences drilling at 3Ace project, Yukon

The first two holes have been completed on the main zone where 2011 drilling returned results up to 4.6 g/t gold over 35.0 meters, including 106.2 g/t gold over 1.0…

July 17, 2012

Redstar Gold Corp.: more high grade gold at Newman Todd 22.0 metres of 4.31 g/t gold including 1.0 metre of 78.0 g/t gold

The company reports findings at 22.0 metres of 4.31 g/t gold, as well as 1.0 metre of 78.0 g/t gold and 0.50 metres of 10.80 g/t gold.

July 16, 2012

Wildcat strike hits Vale Canada nickel project

A wildcat strike by construction workers at Vale SA's Long Harbour nickel processing plant in Eastern Canada dragged into its fifth day on Monday, with hundreds of union members refusing…

July 16, 2012

Columbia Yukon announces non-brokered private placement

The company intends to raise up to $150,000 by the issuance of 3,000,000 non-flow through common shares at $0.05 per share.

July 16, 2012

Glencore obtains government go-ahead for $6.1 billion Viterra bid

Swiss commodity supplier Glencore International obtained approval from the Canadian federal government on Sunday for its application to buy up Canadian agribusiness titan Viterra Inc., bringing the $6.1 billion deal…

July 15, 2012

Zimbabwe PM Party to renegotiate diamond deals with China

Zimbabwe Prime Minister Morgan Tsvangirai's MDC party says it will renegotiate all transactions agreed upon between the ruling ZANU PF party and foreign investors such as China, particularly on controversial…

July 15, 2012

Minto copper mine produced record amount in 2nd quarter

The Minto mine in Canada’s Yukon produced a record 9.8 million pounds of copper concentrate during the second quarter of the year, according to its owner, Capstone Mining Corp.