Gem Diamonds says it is in very early stage talks with Canadian-listed Lucara Diamond Corp over a possible merger. "These discussions are at a very early stage and there can be no certainty the contemplated merger will occur or of the timing or terms of any such transaction," Gem Diamonds said in a statement on Monday.

Eurasian Minerals Inc. has completed the final tranche of its CAD$17.875 million private placement by the sale of 3,039,000 units for proceeds […]

Newstrike Capital Inc. (TSX-V:NES) said drilling continues to intercept and expand on the gold discovery at the company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB), Mexico. Step-out drilling continues to intercept multiple mineralized intervals in all drill holes completed to date, and has expanded the area of mineralization to 700 by 1100 meters.

Over half of the employees at Teck's Elkview mine in British Columbia have voted to reject a five-year collective agreement. Accepting the agreement would have ended the strike, which is now going into its eighth week. BIV Business Today reports: Teck Resources Limited (TSX: TCK.A and TCK.B) announced today that 57% of the employees at its Elkview operation in southeastern B.C. voted to reject a five-year collective agreement.

The W. Australian junior has applied to Australia’s Takeovers Panel to challenge the validity of Regent Pacific’s decision to terminate a takeover […]

Driven by concern over the impact of the Japanese earthquake on global growth, the yellow metal rose in morning trade in Europe.

ONE hundred and fifty kilometres from the nearest mine site, potential operators are learning the nuts and bolts of driving giant CAT haul trucks.

Familiarising themselves with the machine, feeling what it’s like to carry a 200-tonne load of dirt or coal, hearing the rumble of the engine and sound of the horns, interacting with other vehicles and experiencing potentially deadly situations – all this is happening not on a mine site in a $4 million truck, but here in Mackay.

Mackay company Global Mining Simulator Academy (GMSA) is leading the way with advanced training for inexperienced drivers, looking to get into the mining industry with the Immersive Technologies Advanced Equipment Simulator PRO 3.

Lundin Mining has rejected the hostile takeover bid mounted last month by Australia-based Equinox Minerals. Canadian Press reported Sunday that Lundin told its shareholders to reject a debt-financed takeover bid from Equinox, saying the unsolicited offer was "financially inadequate" and fraught with risks: Vancouver-based Lundin (TSX:LUN) said the Equinox (TSX: EQN) bid undervalued the company and would place considerable influence over business decisions in the hands of lenders.

Coal explorer Carabella Resources says it has raised $29 million via a significantly oversubscribed placement to institutional and sophisticated investors, AAP reported: The company placed 16.08 million shares at a price of $1.80 per share to investors from Australia, Asia, Europe and United States.