Cecilia Jamasmie , Editor-in-Chief

President Obama to fast-track southern portion of Keystone XL Pipeline

President Barack Obama will announce tomorrow a fast tracking of the approval of the southern half of TransCanada's (TSX, NYSE: TRP) Keystone XL oil pipeline, CNN reports.

Cecilia Jamasmie | March 21, 2012 | 2:10 pm

Canada’s Quebec budget banks on mining royalties to balance books

The government of Quebec, Canada’s most indebted province, is banking on a royalty windfall from its natural-resources sector, especially mining, to help begin its long climb out of the red.

Cecilia Jamasmie | March 21, 2012 | 12:44 pm

Glencore to buy Canada’s Viterra for $6.1 billion

Commodity giant Glencore International PLC has reached a $6.1-billion deal to buy Canada’s grain handler and agricultural retailer Viterra Inc., and announced plans to sell most of its Canadian assets to Agrium Inc. and Richardson International Ltd.

Cecilia Jamasmie | March 20, 2012 | 3:24 pm

DiamondCorp Lace mine plans validated by South African consultants

African diamond mining and exploration company DiamondCorp Plc., has received validation for its development plan at its Lace mine in South Africa, from SRK Consulting, an independent local consultant.

Cecilia Jamasmie | March 20, 2012 | 2:51 pm

John Deere Tracked & Wheeled Skid Steers booming in the Australian rental market

Hitachi Construction Machinery (Australia) Pty Ltd now imports the complete range of John Deere skid steer loaders and compact tracked loaders to fulfil interest being displayed by Equipment and Plant Hire companies.

Cecilia Jamasmie | March 20, 2012 | 2:19 pm

Rio Tinto publishes tax report as Australian mining levy en route to become a law

Anglo-Australian mining giant Rio Tinto (ASX, LSE & NYSE: RIO) has voluntarily published its "Taxes paid report," outlining the US$10.2 billion it has paid in tax globally this financial year.

Cecilia Jamasmie | March 20, 2012 | 2:02 pm

China Moly pursues US $579 million from Shanghai IPO

China Molybdenum Co. (HKG:3993), the country’s largest producer of the element by output, plans to launch an initial public offering in Shanghai, which may raise around 3.65 billion yuan (US$579 million), to fund its new alloy project and boost output, according to a statement to the China Securities Regulatory Commission (CSRC).

Cecilia Jamasmie | March 20, 2012 | 1:00 pm

Ecuador on the verge of closing second large-scale mining deal

Ecuador’s government and Canada’s Kinross Gold could sign an agreement in June to develop the long-delayed “Fruta del Norte” gold project, the country’s largest mine, reports local newspaper El Telégrafo.

Cecilia Jamasmie | March 19, 2012 | 4:30 pm

Commodity prices drive TSX up, while Wall Street opened mixed

The Toronto Stock Exchange opened this morning moderately higher as commodity prices increased driven mainly by traders’ hopes of a U.S. housing market in recovery mode.

Cecilia Jamasmie | March 19, 2012 | 2:01 pm

Australia’s controversial coal and iron mining tax passes the Senate

The Australian Senate approved today a mining legislation that imposes a 30% tax on coal and iron ore miners, allowing the government to take a larger part of profits from a mining boom pushed by Chinese and Indian demand for raw materials.

Cecilia Jamasmie | March 19, 2012 | 12:54 pm

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