December 18, 2011

Russian billionaire to build USD 1 billion railroad to coal field

Bloomberg reported that Billionaire Mr Ziyavudin Magomedov Summa Group won the right to build a RUB 44.3 billion section of a railroad to coal fields in East Siberia near deposits…

December 18, 2011

Foreign funds flowing to fight oilsands

OTTAWA - While debate rages about the Northern Gateway pipeline project to connect Alberta's oilsands to a tanker terminal in Kitimat, B.C., European financing is pouring in to environmental and…

December 18, 2011

Norilsk sees platinum group metals demand rising 5% next year

OAO GMK Norilsk Nickel, the world’s biggest producer of nickel and palladium, predicts demand for platinum group metals will rise as much as 5 percent next year, exceeding increases of…

December 18, 2011

China Development Bank loans millions to Kazakhstan copper company

China Development Bank (CDB), one of the country's three policy banks, has signed two agreements with Kazak copper giant Kazakhmys PLC, granting the mine and refinery operator 1.34 billion U.S.…

December 18, 2011

Gunmen attack helicopter carrying mine workers in Indonesia

Gunmen fired at a helicopter carrying workers for the mining giant Freeport-McMoRan shortly after it took off Saturday from a town near the company’s huge gold and copper mine in…

December 18, 2011

States and tribes receive half a billion to clean up abandoned coal mines

The Office of Surface Mining Reclamation and Enforcement on Thursday, together with Secretary of the Interior Ken Salazar, announced $485 million is being given to states and tribes to eliminate…

December 18, 2011

Canadian MP’s bill would allow foreign ownership of uranium mines

A Saskatchewan MP has introduced a bill in Parliament that would, if passed, allow foreign companies to purchase and own Canadian uranium mines.

December 18, 2011

Goldcorp secures construction permit for Cerro Negro project

Goldcorp Inc on Friday (TSX: G, NYSE: GG) announced the approval of the amended Environmental Impact Assessment (EIA) by provincial authorities in the province of Santa Cruz for the development…

December 18, 2011

Merc revives Colomac gold mine in Canadian NWT

A past-producing gold mine in Canada's Northwest Territories could be back in business thanks to moves last week by Toronto-based Merc International Minerals (CVE:MRK) Inc.

December 17, 2011

Jobs outlook strong in Australian mining sector – survey

Job seekers in the Australian mining and construction industry were likely to benefit from a favourable hiring climate in the first quarter of 2012, said recruitment solutions provider Manpower.