Capstone Mining made a dramatic move into the black last year, earning a US$72.6 million profit compared to a loss of $18.3 million in 2009. Revenues grew from $250 million in 2009 to $310 million last year. The Vancouver-based company had US$192.4 million in the bank at the end of the year, up from $118.4 million the year previously.

US demand for pipe is forecast to advance 6.6 percent per year to $38.6 billion in 2015, according to MarketResearch.com. Gains will represent a substantial turnaround from the declines of the 2005-2010 period, in which pipe demand was hampered by an economic recession and a sharp drop in building construction spending.

As Japan teeters on the brink of a disaster at its Fukushima DaiIchi nuclear power plant, Cameco chief Jerry Grandey suggests the […]

U.S. coal miner Consol Energy has agreed to a hefty $5.5 million fine and $200 million in pollution control to reduce mining […]

The six-week strike at Teck's Elkview coal mine is coming to an end, Canadian Press reported Tuesday morning. The Vancouver company and Local 9346 of the United Steelworkers of America have reached a tentative five-year collective agreement covering about 700 workers at the mine, located in southeastern British Columbia. The union ratification vote is to be completed by Saturday. If the new labour deal is ratified, Teck expects full production at the mine to resume by next Tuesday.

Adults will soon be able to complete an apprenticeship in 18 months under a plan to provide an extra 1000 workers for the mining sector.

The Gillard Government is expected to announce today the $2 million in co-funding for the adult apprenticeship project that came out of an inquiry from Federal Labor MP Gary Gray into the jobs demand in the resources sector over the next 20 years.

Traditional apprenticeships take four years and the low pay is unattractive to older workers. Under the scheme, recruits can stay employed or join the workforce of a participating mining company.

A Financial Literacy workshop has been held for workers of the Ghana Manganese Company (GMC), a mining company operating in Tarkwa, at the weekend.

The workshop, which was organised by the Financial Literacy Foundation (FLF), a financial consult, was to educate staff of GMC on the importance and risks associated with unwarranted borrowing.

The Chief Executive (CEO) of FLF, Mr. Bernard Otabil, educated the workers on the importance of salary management, and said that it was important to invest, rather than engage in unwarranted borrowing.

Northern Tiger Resources Inc. (TSX-V:NTR) has closed a brokered private placement of 8.622 million flow-through common share at a price of $0.55 per share for proceeds of $4.742 million. The private placement was initially announced on February 14, 2011 and contemplated raising gross proceeds up to $3 million.

South Africa’s gold production fell 6.4 percent in 2010, an industry body said on Monday, moving the country further away from its […]