April 30, 2012

Rio Tinto should fill its 6,000 vacancies with Australians: Government

Australia's Federal Skills Minister, Chris Evans, said Rio Tinto (LON and NYSE: RIO) should focus on local workers when filling its 6,000 mining jobs, in what is considered the largest…

April 30, 2012

Namakwa Diamonds updates on Batla appeal

LONDON, April 30 (Reuters) - Namakwa Diamonds Ltd: * Update on batla's appeal against defeat by Namakwa * Lesotho court of appeal granted leave to batla minerals to file its…

April 30, 2012

Veteran broker accuses BHP Billiton of destroying own wealth with bad decisions

From aborted takeover attempts for Rio Tinto and Potash Corp and what is seen as a disastrous successful one for Petrohawk, BHP Billiton is accused of making many bad decisions…

April 30, 2012

Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties

Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion…

April 30, 2012

Japanese joining Indians, Chinese as major gold buyers

According to Michael Lombardi, lead contributor to Profit Confidential, there is mounting evidence of large amounts of buying in the gold market by India, China and now, Japan.

April 30, 2012

Sirius Minerals in early talks with lenders for UK potash project

Potash explorer Sirius Minerals says it is in early talks with lenders to raise $2.5 billion needed to fund its North Yorkshire potash project in the UK.

April 30, 2012

Aquarius Platinum posts Q3 net loss

The miner posted a net loss of $9.4 million for the quarter to the end of March, owing to weaker platinum prices and a drop in production on the back…

April 30, 2012

Canada becoming world class iron ore region, copper to rally H2 -Scotiabank’s Mohr

China's push to diversify its supplies away from the big three iron ore miners is propelling development that will transform Canada's Nunavut/Labrador Trough into a world-class iron ore region.

April 30, 2012

Iron ore billionaire plans to rebuild the Titanic and run against Deputy Prime Minister

Clive Palmer, who made his fortune through securing access to 160 billion tonnes of iron ore reserves in the Pilbara Ranges, plans to rebuild the Titanic and contest the seat…

April 29, 2012

A significant paradigm shift in public activism

There has been a significant paradigm shift in public activism in Canada and a growing hostility toward mining and dogmatic opposition by environmentalists and social action groups toward virtually all…