MINING.COM

Natural gas giant Encana posts $1.24-billion quarterly loss

Natural gas titan Encana Corporation (TSX: ECA) (NYSE: ECA) posted Wednesday a $1.24-billion net loss in its third quarter, driven mainly by lower natural gas prices over the past year, but it said it was still on track to meet its financial guidance for the full year.

Cecilia Jamasmie | October 24, 2012 | 3:20 pm

SCEE Awarded $100 million Rio Tinto Contract

It will supply and install the Electrical and Instrumentation package at Rio Tinto’s Cape Lambert Port Expansion.

Southern Cross Electrical Engineering Ltd | October 24, 2012 | 3:11 pm

Canada’s Teck Resources knocked down by global economic grief

Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit dropped by more than half.

Cecilia Jamasmie | October 24, 2012 | 2:29 pm

Nautilus seabed mining project jeopardized again

Canada-based Nautilus Minerals Inc. (TSX&LON:NUS) sank to fresh lows Wednesday in London, falling almost 5%, hit by the news of a Papua New Guinea’s landowners petition to the Government to cancel the firm’s seabed mining permit.

Cecilia Jamasmie | October 24, 2012 | 1:31 pm

Vale’s Q3 profits expected to dive 61% on depressed ore prices

Brazilian mining giant Vale (NYSE:VALE) is expected to log a year-on-year Q3 profit decline of 61% due to this year's precipitous dive in iron ore prices.

Marc Howe | October 24, 2012 | 11:20 am

Sales by US Mint of silver outpace gold over fifty-fold

Figures released by the US Mint on Friday indicate that sales of silver in year-to-date exceed those of gold more than fifty-fold in terms of weight.

Marc Howe | October 24, 2012 | 3:01 am

Mongolia refuses to let Rio’s Aussie lawyer leave

A 32-year-old Australian lawyer for a Rio subsidiary has been prevented from leaving Mongolia by local police following allegations of corruption.

Marc Howe | October 24, 2012 | 2:05 am

University of Ghana Receives Geophysical Equipment

As Ghana News Agency reports, the Geology Department of the University of Ghana received geophysical equipment worth $50,000 to improve training for […]

Susanne Iberle | October 23, 2012 | 11:58 pm

Gold Fields fires 8,500 striking workers as mining companies get tough on unrest

Gold Fields (JSE:GFI) has fired 8,500 striking workers at a mine in South Africa following their failure to respond to an ultimatum to abandon the strike.

Marc Howe | October 23, 2012 | 11:41 pm

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