MINING.COM

Mitsubishi pays $81m for 25% stake in PGM mine

Japanese conglomerate Mitsubishi Corp will pay $81.25 million to acquire a 25% ownership in the Marathon PGM and copper project owned by Stillwater Mining.

MINING.com Editor | March 28, 2012 | 9:56 pm

Alberta premier promises $3 billion to help clean up oil sands

Alison Redford, the premier of the Canadian province of Alberta, promised on Wednesday to spend $3 billion on clean-up projects in the oil sands.

MINING.COM Staff Writer | March 28, 2012 | 9:45 pm

Goldman Sachs says buy gold. Right now!

The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.

Frik Els | March 28, 2012 | 8:00 pm

AuRico Gold dumps Australian mines for $105 million

AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.

Andrew Topf | March 28, 2012 | 7:09 pm

In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business

The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion of the purchase price.

Frik Els | March 28, 2012 | 7:05 pm

Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.

Frik Els | March 28, 2012 | 6:19 pm

American coins to be made out of cheaper materials

Coins in the U.S. are now going to be made out of "cost-effective materials", said Treasury Secretary Tim Geithner.

Michael Allan McCrae | March 28, 2012 | 6:12 pm

Animal poop? Now how’s that for an alternative energy source

Engineers from The Denver Zoo have taken the global concern about an energy crisis a step further by developing a method to use animal waste as fuel.

Cecilia Jamasmie | March 28, 2012 | 2:54 pm

Japan urges dialogue with China on rare earths

Japan, the world’s main importer of rare earths, has requested international assistance for alternatives, conservation, diversification and recycling and to continue dialogue with China to secure stable global supply

Cecilia Jamasmie | March 28, 2012 | 2:19 pm

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