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Payout to Flathead miners is unfair says Association for Mineral Exploration British Columbia

The Association for Mineral Exploration British Columbia said on Wednesday that the agreement to compensate the miners for development work in the Flathead River basin are too low. "AME BC remains appalled by the lack of due process in reaching a timely and fair compensation agreement for the taking of mineral titles in the Flathead", stated Gavin C. Dirom, President & CEO of AME BC in a press release.

Net income rises 57 percent for Barrick Gold

Barrick Gold reported on Thursday that net income in the fourth quarter was up 57% to US$947 million or 95 cents a share, a record result for the world's-largest gold miner. In the same quarter in 2009, Barrick reported US$604 million net income or 61 cents a share. The company produced 1.7 million ounces of gold at a total cash cost of $486 per ounce. Gold production in 2011 is expected to be similar to 2010.

GEC set to start mining engineering course from July 2011

PANAJI: The state's lone government-run engineering institute, Goa College of Engineering (GEC) at Farmagudi, is planning to set up a new department of mining from the academic year 2011-12.

Sources said that the GEC has forwarded a proposal to begin a graduate course in mining engineering from the new academic year to the All India Council for Technical Education (AICTE) through the state directorate of technical education. The institute plans to set up an independent department to run the course.