April 3, 2012

Australian miners face explosions, acid sprays, gassings

Acid sprays, gassings, venomous snakes, and lightning strikes are just some of the risks faced by Queensland miners atop the threat of mine collapse and violent explosions.

April 3, 2012

Barrick completes sale of $2 billion of debt securities

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick") announced today the completion of the sale of $2.0 billion in debt securities comprised of: $1.25 billion of 3.85% notes due 2022 and $750 million…

April 3, 2012

Royal Bank of Canada sued for ‘wash trading’

The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Canada's Royal Bank (TSX:RY) yesterday, saying it engaged in hundreds of millions of dollars in sham futures trades to…

April 3, 2012

Why are Rio and BHP killing off their diamond divisions when demand is forecast to double by 2020?

The profit margin for diamonds is a far cry from 70% enjoyed by the mining giants' iron ore divisions.

April 3, 2012

Barrick Gold’s Porgera mine resumes operations

Operations at Barrick's Porgera open pit gold mine, in Papua New Guinea, resumed this morning after the government decided to send troops to the site last week, under a troop…

April 3, 2012

African Barrick Gold hikes Tanzanian Nyanzaga resource

London-listed African Barrick Gold (LON:ABG) reported increasing confidence in its Nyanzaga project, in Tanzania and said that the project has the potential to become its next mine in the country.

April 3, 2012

Firestone Energy rejects offer for Waterberg coal mine stake

Firestone Energy Limited (ASX/JSE:FSE) rejected today an offer from Tata Power to invest in a joint venture with Sekoko Resources to develop a coal mine in the Waterberg area of…

April 3, 2012

HudBay says Constancia copper mine will cost $1.5 billion

Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and…

April 3, 2012

C$25 billion to improve Canada’s Asian trading opportunities

Christy Clark, the Premier of Canada’s British Columbia unveiled details of a C$25 billion public and private sector plan to expand trade with Asia, by improving the province's transportation system.

April 3, 2012

Jervois Scoping Study – KENTOR GOLD LIMITED

Kentor Gold Ltd. completed the Scoping Study for JERVOIS, Australia.