Cecilia Jamasmie , Editor-in-Chief

Shear recovers 3,500 carats from Jericho diamond mine in Nunavut, Canada

Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut, Canada.

Cecilia Jamasmie | May 1, 2012 | 5:21 pm

Mining blamed for Canadian economy unexpected dip in February

Canada's gross domestic product surprisingly dropped 0.2% in February, with all fingers pointing at the manufacturing and mining sectors, particularly potash and nickel producers, as the main responsible, says the latest Statistics Canada report.

Cecilia Jamasmie | May 1, 2012 | 4:39 pm

Newmont looking at other options if Conga costs continue to climb

Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.

Cecilia Jamasmie | May 1, 2012 | 3:35 pm

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

Cecilia Jamasmie | May 1, 2012 | 2:01 pm

Australian Lynas to shut down Malaysian opponents with lawsuit

Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.

Cecilia Jamasmie | May 1, 2012 | 12:50 pm

North America to lead energy investments in 2012: analysts

North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.

Cecilia Jamasmie | April 30, 2012 | 4:31 pm

Worldwide steel consumption growth to drop this year

The World Steel Association is cutting its forecasts for global use of the commodity by 1.8% this year, as China - the world’s biggest consumer of steel- has slowed down its growth.

Cecilia Jamasmie | April 30, 2012 | 3:05 pm

Rio Tinto should fill its 6,000 vacancies with Australians: Government

Australia's Federal Skills Minister, Chris Evans, said Rio Tinto (LON and NYSE: RIO) should focus on local workers when filling its 6,000 mining jobs, in what is considered the largest recruitment campaign in the country’s history.

Cecilia Jamasmie | April 30, 2012 | 2:08 pm

Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties

Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.

Cecilia Jamasmie | April 30, 2012 | 11:28 am

Mining, oil and gas led Canada’s growth in 2011

Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.

Cecilia Jamasmie | April 27, 2012 | 3:59 pm

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