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Queensland mining statistics note continued safety improvement

The Australian mining industry's determination to reach its goal of zero harm is reflected in the latest safety performance statistics released by the Queensland Government and reported by the Queensland Resources Council. Lost time injury frequency rates for the State of Queensland fell again from 3.8 to 2.9 injuries per million hours worked in 2010-2011. Days lost to injuries were down from 14,325 days to 11,027 days while the lost time injury plus disabling injury duration rate fell from 34.4 days to 27.4 days per injury.

Detour Gold completes C$277 million bought deal financing

Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has completed its previously announced bought deal public offering of common shares. In addition to the 8,600,000 common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets and CIBC, purchased all of the 1,290,000 common shares available for issuance pursuant to the exercise of their over-allotment option.

Slow start, but Canada diamond ice road operators not panicking

Above zero temperatures have set the 600-km ice road connecting diamond mines in Canada’s Northwest Territories with supplies slightly behind schedule since trucking began at the start of the month, but there is no reason to panic yet, the man in charge of the operation said on Tuesday.

Why not thorium?

The Fukushima disaster reminded us all of the dangers inherent in uranium-fueled nuclear reactors.