April 2, 2012

Abacus Mining looking for buyer, partner for B.C. copper-gold project

Canadian Abacus Mining and Exploration Corp. (TSXV:AME) is looking for potential buyers, partners or other alternatives under a strategic review initiated Monday, shortly after its partner moved to increase its…

April 2, 2012

Coal prices may be headed higher after BHP Billiton declares force majeure

BHP Billiton declared force majeure at its Bowen Basin coal mines in Queensland, Australia.

April 2, 2012

Norwegian chemical company makes $40 million investment in IC Potash

IC Poatash popped 17% to $1.04 share on Monday after Yara International announced a $40 million "strategic investment" in the company on Friday.

April 2, 2012

Lake Shore Gold announces reserve estimate for Timmins West mine, which will support next five years of production

Lake Shore Gold Corp.(TSX:LSG)(NYSE Amex:LSG) today announced a new reserve estimate for the Company's Timmins West Mine, located 18 kilometres west of theTimmins, Ontario. Timmins West Mine is a commercial…

April 2, 2012

CHALCO pays $925M for 60% of SouthGobi Resources

In a three-way deal with Robert Friedland's Ivanhoe Mines, the Aluminum Corporation of China (CHALCO) is bidding for 60% of SouthGobi Resources' and paying $8.48 for each common share.

April 2, 2012

Extreme use of mining vehicles can make them catch fire — Here’s how to protect them

Fire protection equipment specialist Worldman offers a comprehensive range of vehicle fire suppression systems designed to detect and suppress fires occurring in mine site vehicles.

April 2, 2012

Jewellery strike ends as India defers excise duty on non-branded gold

With the government's postponing indefinitely its proposal to bring non-branded gold jewellery under the excise duty net, jewellers have started making a tentative move to re-open shutters.

April 2, 2012

DTI ‘blindsides’ ArcelorMittal South Africa

South Africa's Department of Trade and Industry has decided to exclude steel from its preferential procurement plans. AMSA's shares fall over 5%

April 2, 2012

Argentina to establish first protocol on mining social responsibility

The creation of the world’s first national protocol on sustainable and socially responsible mining was discussed at a meeting held in Argentina last week, called by the government of president…

April 2, 2012

South Africa mulls nuclear fuel cycle facilities

The country wants another 9,600 MW of nuclear energy to boost its struggling power grid and is considering the re-establishment of its uranium enrichment and conversion facilities.