Cecilia Jamasmie , Editor-in-Chief

Energy inefficiencies jeopardizing Peru’s mining future

Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.

Cecilia Jamasmie | February 22, 2012 | 6:15 pm

NovaGold on its way to sell Galore Creek stake

Canadian miner NovaGold Resources Inc. (TSX:NG) said today that it has begun the process of trying to sell its 50% stake in the Galore Creek copper-gold project in British Columbia, in order to fully focus on its flagship Donlin gold project in Alaska, in a stament announcing its poor Q4 results.

Cecilia Jamasmie | February 22, 2012 | 5:03 pm

Mining and Energy stocks back Canadian and American markets

Stocks struggle Wednesday morning as risk trades were daunted by dreary economic activity figures on both sides of the globe and the Greek post-deal aftermath.

Cecilia Jamasmie | February 22, 2012 | 4:23 pm

BHP gets $US5.25billion in five-part bond deal

Despite persisting tightness in global money markets, mining multinational BHP Billiton (NYSE:BHP) has raised the third-biggest amount this year, selling a $5.25-billion five-part global bond to the US securities market.

Cecilia Jamasmie | February 22, 2012 | 4:06 pm

Concerned Canadian unions say BC government is leaving coal in China’s hands

In unveiling Canada’s British Columbia’s job-creation strategy last September, the Premier Christy Clark said the government planed to capitalize on high demand for minerals, especially in Asia, by opening up eight new mines in the next four years and expanding nine more by 2015.

Cecilia Jamasmie | February 21, 2012 | 3:06 pm

NovaGold to spin-out Ambler Project into NovaCopper

NovaGold Resources Inc. (TSX:NG)(NYSE Amex:NG) provided an update on the previously announced spin-out transaction of NovaCopper, a wholly-owned subsidiary, which holds NovaGold’s interest in the Ambler project located in Alaska, U.S.

Cecilia Jamasmie | February 21, 2012 | 2:25 pm

Gold exploration in Nunavut gets a boost

Toronto and New York-listed gold producer Agnico-Eagle Mines Limited (AEM) has received permission from the Nunavut Impact Review Board (NIRB) to move ahead with an all-weather access road to its Meliadine exploration gold project.

Cecilia Jamasmie | February 21, 2012 | 2:13 pm

Focus finds bonanza silver grades at its Peru Minas Chanca Project

Focus Ventures Ltd. (CVE:FCV) announced this morning high- to bonanza-grade silver intercepts from its Minas Chanca project in Peru.

Cecilia Jamasmie | February 20, 2012 | 6:53 pm

Caterpillar relocates production factory from Japan to the U.S.

Caterpillar Inc. (NYSE:CAT) plans to relocate one of its major production factories from Japan to the U.S. and employ an estimated 1,400 workers, announced the company.

Cecilia Jamasmie | February 20, 2012 | 5:24 pm

Chile the largest copper producer and the country with the biggest reserves — USGS

Chile is not only the largest copper producer in the world, but also the country with the largest worldwide reserves of the red metal, reveals the latest commodity report by the U.S. Geological Survey (USGS).

Cecilia Jamasmie | February 20, 2012 | 4:02 pm

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