November 30, 2011

Franco-Nevada closes C$391 million bought deal financing

Franco-Nevada Corporation (the "Company") (NYSE: FNV) (TSX: FNV) announced today the closing of its previously announced public offering (the "Offering") of 9,200,000 common shares ("Offered Shares"), including the full exercise…

November 30, 2011

Iron ore prices fall to three-week lows

Offer prices for iron ore dropped to three-week lows, reports Reuters, with steelmakers in top producer China mostly staying out of the market amid thin demand. Despite the low steel…

November 30, 2011

Fracking Dragon: China looks to exploit shale gas

Fracking has helped the United States maintain the world's number one economy, but the exploitation of unconventional gas is also catching the eye of the world's second largest economy: China.

November 30, 2011

Scaddan Scoping Study Completed – BLACKHAM RESOURCES LIMITED

Blackham Resources announced it has finalised a scoping study for the export of coal from its 70% owned Scaddan Coal Project in Western Australia.

November 30, 2011

Newmont suspends construction at the Conga project in agreement with the Government of Peru

Newmont Mining Corporation (NYSE: NEM) ("Newmont" or the "Company") announced today that, in agreement with the government of Peru, it has suspended construction activities at the Conga project (or the…

November 30, 2011

Collahuasi strike begins to bite into output

Output of copper cathodes and copper concentrates are beginning to be affected by a work stoppage that began Monday at the giant Collahuasi copper mine in Chile. Reuters reports that…

November 30, 2011

Baosteel, CRCC to jointly explore Guinea an iron ore mine

Baosteel Group, the parent of Baoshan Iron and Steel, and China Railway Construction Corporation (CRCC) have signed an agreement to jointly participate in the exploration of an iron ore mine…

November 30, 2011

Glencore ends $475 million proposal to buy Peru copper mine

Glencore International Plc, the biggest publicly traded commodities trader, ended a proposal to buy a majority stake in a South American copper project for $475 million, CST Mining Group Ltd.…

November 30, 2011

A pair of D flawless diamonds fetch $16.4 mln at auction

Two matching diamonds, weighing 35.77 carat and 35.61 carat, were sold for $8.3 million and $8.1 million at Christie's Magnificent Jewels auction at Hong Kong Tuesday.

November 30, 2011

Ekati could thrive after BHP, say experts

A Canadian diamond industry expert says the Ekati diamond mine should continue to thrive even if BHP Billiton moves on. The mining giant announced Monday that it is reviewing whether…