October 29, 2012

Xstrata, Glencore shareholders to vote on merger on November 20

On November 20, 2012 Glencore and Xstrata shareholders will attend a meeting, where they will vote on the merger of both companies. The transaction is valued at USD 37 billion.

October 29, 2012

Anglo American Platinum offers bonus to bring back miners

South Africa’s Anglo American Platinum (Amplats), the world’s largest platinum producer, has offered to reinstate 12,000 miners fired in early October for illegally striking and pay them a $230) “hardship…

October 29, 2012

Russian ship with 700 tonnes gold ore missing

The ship with a 9-member crew sent a distress call on Sunday from the Sea of Okhotsk off Russia's Pacific Coast.

October 29, 2012

Petronas extends $5.2 billion takeover bid for Progress Energy

Malaysian state-run oil company Petronas has extended the deadline for its takeover bid for Canadian gas producer Progress Energy Resources Corp.(TSX:PRQ) in hopes it will be able to overcome Ottawa's…

October 29, 2012

TransCanada and Phoenix Energy join forces to build $3-billion pipeline

TransCanada Corp. (TSX, NYSE:TRP) and Phoenix Energy Holdings Ltd. have entered into a 50-50 partnership to build a $3-billion pipeline in Northern Alberta, one of the centres of Canada’s oil…

October 29, 2012

Tirex Resources moves from exploration to production in Albania

Not very often you hear about a company moving from exploration into production, but Canadian Tirex Resources (CVE:TXX) is doing just that. The Vancouver-based firm announced Monday it has received…

October 29, 2012

Newmont recognized by Carbon Disclosure Project for third consecutive year

Newmont Mining Corporation (NYSE: NEM) announced Monday it was recognized for transparent climate change disclosure practices by the Carbon Disclosure Project’s (CDP) Leadership Index for the third consecutive year.

October 29, 2012

Petaquilla rejects Inmet’s final takeover bid

Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, the latest takeover bid by Inmet Mining Corp. (TSX:IMN) presented Friday, which was 25% cent higher than the $112-million Inmet…

October 29, 2012

Park to replace infamous tar ponds in Nova Scotia

Canadian authorities revealed Sunday plans for the final portion of tar ponds clean-up in the province of Nova Scotia, which will see $17 million spent on a park, sports field…

October 29, 2012

New Bolivian law poses serious challenges for mining companies

Bolivia has passed this month the world's first ruling that grants all nature equal rights to humans. The “Law of Mother Earth,” agreed by politicians and grassroots social groups, redefines…