May 2, 2012

Scientists trying to breathe new life into Europe’s dying metals mines

EuroNews reports on a trend becoming more common in European metal mines: the high cost of extraction amid depleted resources.

May 2, 2012

Northern Shield intersects gold and silver mineralization at Tempest

Northern Shield Resources Inc. ("Northern Shield") (TSXV: NRN) is pleased to announce results from the five hole drill program completed to date at Northern Shield's 100% owned Tempest property, in…

May 2, 2012

New watchwords at BHP: sequencing, discipline, cash flow

BHP Billiton addressed shareholder concerns about its ambitious investment plans in four mega-projects on Wednesday saying it will match capital expenditures closely with cash flows and stagger the project pipeline.

May 2, 2012

US metal and industrial metal mine salaries for 2011

There is no such thing as an average miner.  There is no such thing as an average salary.  Yet we can get some idea of how well mining people are…

May 2, 2012

Barrick makes investors day by hiking dividend 33%

Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.

May 2, 2012

Bean counters taking over at Ivanhoe

Following the resignation of inveterate dealmaker and founder Robert Friedland a fortnight ago, Rio Tinto insiders and Arthur Andersen alumni have been appointed to lead Ivanhoe.

May 1, 2012

2011 wages for US metal and industrial mineral mines

There are conventionally 2,080 work hours in a year. Thus somebody earning a wage of $20 an hour gets the equivalent of a salary of about $42,000. Considering the mine…

May 1, 2012

Red mettle: Has China cornered the copper market?

58% of the world’s refined copper is now stockpiled in China, an increase of 40% in just six months. Traders say the country may hold as much as three quarters…

May 1, 2012

Children re-enacting dying fish will be dropped from Taseko’s environmental review

The Globe and Mail notes that rules for the second environmental review of Taseko Mine’s Prosperity project has been tightened up, and […]

May 1, 2012

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…