Canada Lithium said today it will have to take another look at a resource estimate it used to fund a Can$202-million open pit mine in Quebec. The company said that it was unable to reconcile its own results with a previously announced 43-101-compliant report dated Oct. 28, 2010. In January the company raised Can$110 million via a bought-deal financing.

What AMIRA describes as “one of exploration’s most important geological projects, P765A (Geochemical and Geological Halos in Green Rocks and Lithocaps), was completed as a resounding success in December 2010, and a new project P1060 (Enhanced Geochemical Targeting in Magmatic-Hydrothermal Systems) will shortly go on circulation to continue this work.”

Quadra Fnx Mining earned $173 million or $1.11 per share in 2010 compared to $89 million in 2009. “The increased earnings in […]

Gross domestic product in Canada rose 0.8% in the fourth quarter, said Statistics Canada today. The result was a doubling of the […]

TanzaniteOne Limited, the gemstones producer and developer, today announces the recovery of the third largest high quality gemstone ever mined in the 10 years operating history of the tanzanite project. The 12,100 carat (2.42 kg) rough tanzanite stone

A new plan being considered by the Gillard government could help fill the gaps in the skilled workers shortage. As the mining boom continues, the need for labour has increased and the federal government is examining a plan to allow an extra 20 000 skilled migrants into Australia.

Treasurer Wayne Swan is under pressure from Treasury bureaucrats to increase the skilled migrant intake, particularly for Western Australia, the Northern Territory and Queensland.

Copper is the most talked about commodity this year. Copper's price and supply-demand characteristics are widely assumed to reflect the health of the world industrial economy, hence it is considered as excellent barometer to understand global economy's health.

The South African diversified miner said the numbers had been boosted by a rise in commodity prices and higher output from its projects

Gold production at Centamin's flagship Sukari gold project have continued and company says no restrictions imposed although Egypt on Sunday banned gold exports for next 4 months