October 24, 2012

SCEE Awarded $100 million Rio Tinto Contract

It will supply and install the Electrical and Instrumentation package at Rio Tinto’s Cape Lambert Port Expansion.

October 24, 2012

Pele Mountain Achieves Processing Milestone: Mixed Rare Earth Concentrate and Yellow Cake Produced at Eco Ridge

The Canadian junior achieved a significant milestone with the production of a mixed rare earth carbonate concentrate along with uranium oxide, also known as yellow cake.

October 24, 2012

Canada’s Teck Resources knocked down by global economic grief

Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit…

October 24, 2012

Nautilus seabed mining project jeopardized again

Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to…

October 24, 2012

Vale’s Q3 profits expected to dive 61% on depressed ore prices

Brazilian mining giant Vale (NYSE:VALE) is expected to log a year-on-year Q3 profit decline of 61% due to this year's precipitous dive in iron ore prices.

October 24, 2012

Sales by US Mint of silver outpace gold over fifty-fold

Figures released by the US Mint on Friday indicate that sales of silver in year-to-date exceed those of gold more than fifty-fold in terms of weight.

October 23, 2012

Gold Fields fires 8,500 striking workers as mining companies get tough on unrest

Gold Fields (JSE:GFI) has fired 8,500 striking workers at a mine in South Africa following their failure to respond to an ultimatum to abandon the strike.

October 23, 2012

Gold slides to six-week low, approaches $1,700 an ounce

Gold fell to a six-week low in Tuesday trading, stopping just short of the $1,700 an ounce threshold as investors become increasingly concerned about the state of the global economy.

October 23, 2012

Leeb alleges manipulation of gold by major hedge funds

Storied investor and financial author Stephen Leeb alleges that major hedge funds have engaged in concerted efforts to manipulate precious metals markets.

October 23, 2012

Canada’s Ivanplats closes $307 million IPO and now trades shares on the TSX

Africa-focused miner Ivanplats (TSX:IVP), founded by billionaire Robert Friedland, successfully closed Tuesday its $307-million initial public offering (IPO) on the Toronto stock exchange, issuing total equity of $504 million (Cdn$493).