March 28, 2012

Mitsubishi pays $81m for 25% stake in PGM mine

Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.

March 28, 2012

Alberta premier promises $3 billion to help clean up oil sands

Alison Redford, the premier of the Canadian province of Alberta, promised on Wednesday to spend $3 billion on clean-up projects in the oil sands.

March 28, 2012

Mine Health & Safety as a Guide to Sound Investing

A radical thesis:  If I had a million dollars to invest in a single mine, I would go meet the mine's health and safety officer. If he impressed me, I…

March 28, 2012

Valhalla to remain halted

Valhalla is a Canadian mineral exploration company focusing on the discovery and development of base and precious metal opportunities in Turkey and Romania.

March 28, 2012

Goldman Sachs says buy gold. Right now!

The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.

March 28, 2012

AuRico Gold dumps Australian mines for $105 million

AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.

March 28, 2012

In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business

The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion…

March 28, 2012

Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.

March 28, 2012

American coins to be made out of cheaper materials

Coins in the U.S. are now going to be made out of "cost-effective materials", said Treasury Secretary Tim Geithner.

March 28, 2012

Marriage of spun-out diamond assets may be best for Rio, BHP

With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets…