Cecilia Jamasmie , Editor-in-Chief

Over $1 Billion in mineral exploration attracted Ontario in 2011

Investment in mineral exploration in Ontario, Canada, exceeded $1 billion for the first time last year, said today the Minister of Northern Development and Mines, Rick Bartolucci.

Cecilia Jamasmie | March 5, 2012 | 5:53 pm

Ontario government tries to avoid confrontation with First Nations at PDAC

In what was clearly a strategic move, the Ontario Ministry of Northern Development and Mines released a statement on Sunday saying that it has withdrawn all lands near the Kitchenuhmaykoosib Inninuwug (KI) community from prospecting and mineral staking.

Cecilia Jamasmie | March 5, 2012 | 4:11 pm

Near-record for mining M&A in 2011 to be followed this year by an “African Renaissance” – PwC

If 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion announced in the global mining sector, 2012 will be remembered as the year of the “African Renaissance,” concludes the latest PricewaterhouseCoopers’ report released this morning.

Cecilia Jamasmie | March 5, 2012 | 12:52 pm

Ecuador to sign $1.4 billion copper contract but Kinross gold project stalled

Chinese-owned mining company Ecuacorriente will sign a contract to invest $1.4 billion over five years for extracting copper in Ecuador's southern Amazon, reports local newspaper La Republica.

Cecilia Jamasmie | March 2, 2012 | 3:53 pm

New Gold reached record 212% increase in net earnings last year

A record of 212% increase in net earnings in 2011, as well as record annual gold production of 387,155 ounces, reported gold miner New Gold (TSX and NYSE AMEX:NGD).

Cecilia Jamasmie | March 2, 2012 | 3:15 pm

Cameco buys Areva’s uranium Millenium Project for $150 million

Cameco Corp. (TSX: CCO; NYSE: CCJ), Canada’s largest uranium company, said it agreed to buy Areva Resources Canada’s 27.94% stake in the northern Saskatchewan-based Millennium project for $150 million. With this acquisition Cameco becomes the majority holder in the proposed uranium mine.

Cecilia Jamasmie | March 2, 2012 | 3:02 pm

Shore Gold shares drop as diamond mine deal falls through

Canadian Shore Gold (TSX:SGF) shares fell dramatically Thursday after the Saskatoon-based company announced it had failed to secure a deal to fund their Star-Orion South diamond project near Prince Albert.

Cecilia Jamasmie | March 1, 2012 | 7:52 pm

Canadian oil sands titans form information-sharing alliance

A group of twelve major Canadian oil sands producers, including some of the world's biggest energy companies, have reached an agreement to share unlimited information on environmental technologies, which sweeps away several intellectual property rights.

Cecilia Jamasmie | March 1, 2012 | 5:11 pm

Glencore International to buy near 8% stake in junior zinc miner Trevali

Canadian junior zinc miner Trevali Mining (TSX:TV) said Thursday Switzerland-based commodities trader Glencore International (LON:GLEN) has agreed to buy a 7.8% stake in the zinc miner through a private placement financing worth US$18 million.

Cecilia Jamasmie | March 1, 2012 | 3:50 pm

Finning to invest US$350 million in Chile this year

Canadian company Finning International Inc. (TSX:FTT), Caterpillar’s equipment distributor in Chile, announced it will invest over US$350 millions in the South American country the year.

Cecilia Jamasmie | March 1, 2012 | 2:44 pm

• First
• 933
• 934
• 935
• 936
• 937
• 938
• 939
• Last