June 27, 2012
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
The West Australian Department of Mines and Petroleum is investigating evidence of asbestos contamination at Rio Tinto's West Angelas iron ore mine, in the Pilbara region.
June 27, 2012
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
Orbite has signed a non-binding agreement to test its new technology on Nalco's ores and red mud – residue which is left after alumina extraction.
June 27, 2012
Altius Minerals reported a net loss attributable to common shareholders of $4.6 million for the year. Altius previous year's earnings included the sale of an iron ore project to Alderon…
June 26, 2012
Firstpost reports after a 5% salary increase Lakshmi Mittal took home $1.74 million last year working as the CEO of ArcelorMittal. The […]
June 26, 2012
Mongolian Mining Corp hit a record low today as investors looked at the likelihood of more restrictive investment policies to be implemented after Mongolia's parliamentary elections this week.
June 26, 2012
The property, situated in Mexico, was purchased for $2.1 million. Under this acquisition agreement the previous royalty of $5 a tonne has been eliminated.
June 25, 2012
But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.
June 25, 2012
“This is no longer about commercial goals. It is about Chinese machismo. They have plonked down too much money to pull out now.”
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