April 13, 2012

NovaGold profit tumbles to $16.8 million but on track with sale of Galore Creek stake

Canadian NovaGold Resources Inc. (TSX:NG) said its net income fell to $16.8 million in the first quarter pushed by the elimination of foreign exchange gains because of a new arrangement…

April 13, 2012

Doe Run Peru to be liquidated after rejected restructuring of La Oroya smelter

Metals producer Doe Run Peru’s creditors rejected a restructuring plan the company presented with a view to restarting operations at the La Oroya smelter, said in a statement the Energy…

April 13, 2012

Melting Arctic is nothing but good news for the mining industry: Lloyd’s/Chatham House

The melting ice cap in the Arctic sea could open up access to immense mineral reserves, attracting billions of dollars in investment, but also bringing with it unique risks and…

April 13, 2012

Pakistan must turn to coal to avert energy crisis

According to trade and industry sources, the country must tap into its largely untapped reserves and imports to generate power beyond the next decade if it is to ease its…

April 13, 2012

Minerals Council of Australia restarts anti tax ad campaign

The Minerals Council of Australia (MCA) resumed today an ad campaign initially launched in July last year, attacking alleged hikes on the federal government's mining and carbon taxes.

April 13, 2012

Eldorado’s Greek, Romanian assets will help grow gold output 160%

Eldorado Gold's updated guidance stresses the integration of newly acquired assets in Greece and Romania to help achieve 1.7 million ounces of gold production company-wide in five years.

April 13, 2012

US versus Australian mine manager salaries

Today Jennifer Leinhart of CostMine sent me these two volumes: 2011 Survey Results: U.S. Coal Mine Salaries, Wages and Benefits 2011 Survey Results: U.S. Metal & Industrial Mineral Mine Salaries,…

April 13, 2012

Quaterra closes C$2.48 million financing with Goldcorp

Quaterra Resources Inc. (TSX VENTURE:QTA)(NYSE Amex:QMM) today announced that the NYSE Amex and TSX Venture exchanges have approved the purchase of 4,000,000 common shares of the Company at a price…

April 12, 2012

Rare Element Resources revises Bear Lodge economics. Stock is now up 75% for the year

Rare Element Resources added 2.6% in after hours trade on Thursday after releasing a revised pre-feasibility study at Bear Lodge with improved economics, bringing its gains for the year to…

April 12, 2012

Mine closure sends warning to unions

The shock closure of the Norwich Park mine sends a powerful warning to unions that mining giants can shut sites even in a resource boom.