August 20, 2012

Harry Winston sets Diavik mine’s value at $2.6 billion

Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to…

August 20, 2012

Panama Canal expansion to change dynamics of commodity trade

When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of…

August 20, 2012

Coal deal lost India $33 billion, says auditor

India’s official auditor accused the government of losing more than $33 billion in potential revenue by transferring coal mining blocks too cheaply to private companies.

August 20, 2012

Montana coal mining related protests reach the Capitol, no major impact

USA’s second-largest coal producer, Arch Coal, has drawn protests from activists and locals after announcing it had applied for a permit in Montana to begin tapping its massive Otter Creek…

August 20, 2012

Job growth in mining demands workers with business management skills

For over 100 years, Canada has been a global leader in natural resources extraction. But expanding Canada’s position as a leader in the fiercely competitive world of natural resources extraction…

August 20, 2012

Franco-Nevada injects $1 billion into Inmet’s copper project

Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.

August 20, 2012

Australia’s Queensland coal industry hits new wall as Yancoal reviews expansion

Already running at a loss or struggling to stay in the black, most thermal coal mines in Australia's Queensland are now facing additional challenges as exports drop and major projects…

August 20, 2012

Germany’s coal revival to boost energy change

A 2200 MW coal power plant opened in Cologne is being lauded for aiding Germany’s transition from nuclear power to renewables. 



August 20, 2012

Chile’s Codelco to win big in agreement with Anglo

If everything goes as planned, at the end of this week Chile’s Codelco and Anglo American will sign a long-awaited agreement that would end one of the biggest business disputes…

August 18, 2012

Angola’s diamond company partners up with six companies to explore concessions

Angola's state-run diamond company Endiama has partnered with six other firms in order to explore a mining concession in the regions of Lunda Norte and Sul.