March 29, 2012

Budget shines on resource sector, environmental groups get more scrutiny

The Canadian finance minister delivered a budget for the resource sector, promising faster project approvals and changes to immigration to increase manpower, while enviromental groups will receive closer scrutiny from…

March 29, 2012

Anglo American opens $517m colliery in S. Africa

UK-headquartered Anglo American (LON:AAL) cut the ribbon today on a new coal mine in South Africa.

March 29, 2012

Freegold Outlines 1.7 Million Ounces of Gold at Vinasale, Alaska

Freegold Ventures Limited (TSX: FVL, Frankfurt: FR4N) ("Freegold") is pleased to report the results of a NI43-101 compliant Mineral Resource estimate recently completed on the Vinasale Gold Project located in…

March 29, 2012

Bye, bye penny

The Royal Canadian Mint will stop producing pennies this fall, announced Finance Minister Jim Flaherty during his budget speech on Thursday.

March 29, 2012

Russia’s central bank lightens its gold holdings

Russia's central bank sold off about $200 million of gold in February, according to a report from the Financial Times.

March 29, 2012

Real-time wind map goes viral

A wind map has gone viral on the web. Data visualisation specialists at hint.fm use surface weather data to generate an almost live wind map of the U.S.

March 29, 2012

Minmetals Resources hunting in Africa

MINMETALS Resources says it will use the assets recently acquired through its takeover of Anvil Mining as the starting point for a wave of acquisitions through southern Africa.

March 29, 2012

Ontario pays God’s Lake Resources $3.5 million for surrendering mining lease

Ontario will pay $3.5 million to Toronto-based junior mineral exploration company God’s Lake Resources (GLR) for surrendering its mining lease and claims near the Kitchenuhmaykoosib Inninuwug (KI) First Nation.

March 29, 2012

The Oppenheimers and De Beers are no more. Here’s a 30-year old article that predicted the cartel’s undoing

"An unruly market may undo the work of a giant cartel and of an inspired, decades-long ad campaign."

March 29, 2012

Zijin Mining looking to Asia for more gold, copper assets

Chinese copper-gold giant Zijin Mining Group is on the move again with plans for more acquisitions.