November 8, 2011

Vale on iron ore price: after hitting 2-year low, the only way is up

Bloomberg reports Rio de Janeiro-based Vale SA, the world’s largest iron-ore producer, said prices for the raw material have stabilized and are recovering from “rock bottom” levels as a result…

November 8, 2011

Silvercorp emerges from short and distort saga awash with cash

Silvercorp Metals on Tuesday reported revenue of $62.1 million for its second quarter, up 71% from the same period last year. Cash flow from operations hit a record $35.2 million,…

November 8, 2011

With $3.1 billion in fresh funding, Peabody moves operations HQ to Australia

Platts reports that the global operations headquarters of US giant Peabody Energy will be relocated to Brisbane following the acquisition of Australia's Macarthur. Peabody raised $3.1 billion with the sale…

November 8, 2011

St. Augustine Gold and Copper to raise $10-$12 million for King-king

SPOKANE, WASHINGTON--(Marketwire - Nov. 8, 2011) - St. Augustine Gold and Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") announces a non-brokered private placement offering for gross proceeds of CDN$10,000,000…

November 8, 2011

United Silver cans $6 million offering, says markets too volatile

United Silver Corp. ("USC" or the "Company") (TSX:USC)(OTCQX:USCZF) announced today that the Company has decided that it will not be proceeding with its "marketed" offering of units of the Company,…

November 8, 2011

Planet’s largest clean coal project could be going up in smoke

The Guardian reports Scottish ministers are expected to order a public inquiry into plans to build the UK's only new coal-fired power station with carbon capture and storage (CCS) technology…

November 8, 2011

Investors forgive and forget, drive White Tiger stock up 38% in a week

Stock in White Tiger Gold received another 6.6% bump on Tuesday, bringing its gains over the past week to 38.5% after the company announced it has secured a $15 million…

November 8, 2011

Kaminak Announces Closing of $15 Million Bought Deal Private Placement

Kaminak Gold Corporation is pleased to announce that it has closed the previously announced bought deal private placement financing. The Company has issued 1,786,000 Class A common shares at a…

November 8, 2011

SNC-Lavalin wins $650 million of oil sands work

SNC-Lavalin, a major engineering and construction firm, was awarded a $650 million oil sands contract to design and build a froth treatment plant near Fort McMurray. SNC-Lavalin says that the…

November 8, 2011

South Africa development minister says too expensive to switch from coal

Timeslive reports South Africa could not afford a dramatic switch from coal to green energy, Economic Development Minister Ebrahim Patel said on Tuesday because doing so would result in an…