February 28, 2012

Whose pricing power? Big 3 said to be in talks to join China’s new iron ore trading platform

Should the supermajors join the new platform it would mark the latest shift in the global iron ore business which has been completely transformed in less than a decade.

February 28, 2012

Oracle Mining completes $9.75 million private placement

Oracle Mining Corp. ("Oracle Mining" or the "Corporation") (TSX:OMN)(OTCQX:OMCCF)(PINKSHEETS:OMCCF)(FRANKFURT:OMC) is pleased to announce that it has completed its previously announced non-brokered private placement (the "Private Placement") of 7,800,000 common shares…

February 28, 2012

Baja board battle: Mount Kellett says Greenslade, family and friends busy setting up $50 million payday

Mount Kellett calculates that Greenslade, his daughter Denby Greenslade and two directors "would realize $49,193,285 of value through their Baja stock, regardless of whether Catalyst proves successful or not."

February 28, 2012

Grizzly buys estimated 100,000 bpd May River property for $225 million

Calgary-based oil sands exploration and production company Grizzly Oil Sands on Tuesday announced that it has closed the acquisition of the May River property from Petrobank Energy and Resources  for gross…

February 28, 2012

Copper Fox reports 2011 annual financial results and a corporate update

During the year, Copper Fox acquired additional mineral tenures around the Schaft Creek project, completed a large Titan-24 DCIP& MT survey, purchased shares in Liard Copper Mines, completed metallurgical test…

February 28, 2012

Goldstrike corporate update

Goldstrike Resources Ltd. (TSX VENTURE:GSR)(FRANKFURT:KCG1)is pleased to announce that Terrence (Terry) King has been appointed President of the Company, and will hereafter sit as President, Chief Executive Officer and Chairman…

February 28, 2012

Chatham House: Restoring the gold standard would hurt already damaged global financial system

Returning to the gold standard would be impractical and could even harm the financial system says a new report from a a group of experts published by the London-based policy…

February 28, 2012

Westhaven to Acquire 100% of B.C. gold exploration property

Westhaven Ventures Inc. (CVE:WHN) is pleased to announce that it has signed an option agreement with a private vendor to acquire 100% of the BEN gold exploration property, located in…

February 28, 2012

Enbridge CEO Daniel leaving the rocking ship

Shares of Canadian pipeline giant Enbridge Inc. (TSX:ENB) were falling this morning after CEO Pat Daniel announced yesterday that he is leaving the company amid an increasing controversy on its…

February 28, 2012

South Korea to invest in Peru’s energy industry

Korean ambassador in Lima, Park Hee Kwon, confirmed today that there are a few South Korean companies eager to invest in the development of renewable energy in Peru by constructing…