June 28, 2012

Environmental coordinators make $96,000 per year: Canadian wage survey round up for miners

An insight into the salaries of technical, managerial and administrative folk who work on Canadian Mines.

June 28, 2012

Nautilus sinks to fresh lows as PNG elections descend into shambles

Nautilus Minerals, locked in a dispute with Papua New Guinea over ownership of the world's first sea-floor mine, dropped 9.7% on Thursday, hurt by news of violence, kidnapping, vote rigging…

June 28, 2012

IBC signs exclusive copper alloys supply agreement

The agreement grants an exclusive supply contract to provide copper alloy to a global leader in the design and manufacture of high performance products for the aerospace industry.

June 28, 2012

China Gold International picks up a Zambian miner for $20.4 million

China Gold International Resources is acquiring China Nonferrous Mining Corporation Limited for HK$155.1 million.

June 27, 2012

Glencore ‘ready to pull’ Xstrata merger

While both Davis and Glencore CEO Ivan Glasenberg would suffer blows to their reputations as dealmakers if the merger should collapse other parties stand to lose more.

June 27, 2012

2012 survey of Canadian mine wages

Fifty-six mines across Canada provided data on wages paid in 2011.  Thirty-four are union mines; and twenty-two non-union.  Forty-five reported increased wages while eleven made no changes.  None decreased wages. 

June 27, 2012

Cascadero signs option agreement with OZ Minerals Ltd.

Cascadero has entered into an option agreement with OZ Minerals, the agreement enables OZ to earn up to a 75% interest in Cascadero's Centenarito claims

June 27, 2012

Glencore ponders changes to Xstrata deal as major shareholder demands better terms

Commodities trader Glencore International is studying modifications to its $26 billion bid for miner Xstrata after Qatar's sovereign wealth fund, a key shareholder, unexpectedly opposed the deal's terms.

June 27, 2012

San Gold signs financing and option agreement with Canadian Arrow Mines

The agreement gives Sand Gold an 80% undivided interest in all precious metals produced by Canadian Arrow's properties which includes silver and gold, but excludes platinum and palladium.

June 27, 2012

$8 billion resource reserve likely to lift Bolivia’s depressed economy

The total value of the copper, silver, indium and manganese reserves discovered by South Korean company Kores in Bolivia last year, may be worth more than $8 billion.