Rio Tinto has given the green light to an additional US$2.7 billion capital investment to modernize its aluminium smelter in Kitimat, British Columbia. This new investment will allow for completion of the US$3.3 billion project in 2014.
Amid a chorus of gold mining pundits yelling for investors to snap up cheap gold equities is Ian McAvity, a 50-year veteran of the markets, telling investors to wait.
The much anticipated socioeconomic study released today by Chmura Economics & Analytics on behalf of the Virginia Coal & Energy Commission identifies major economic benefits for Virginia and the Southside region from proposed uranium mining and milling.
The federal NDP is trying to find its footing on the oilsands issue. Lacking clear leadership, the party is starting to split on whether oilsands projects like the Keystone pipeline should be developed or scuttled, as columnist Barbara Yaffe writes.
Despite the name, rare earth elements are actually quite plentiful in the earth's crust—it's the companies that are close to producing these critical metals outside of China that are truly rare.
The Pebble Mine copper-gold-moly project in Southwestern Alaska got hit with another negative poll last week. The Huffington Post reports that 81% of the roughly 2000 shareholders of the Bristol Bay Native Corporation — the regional Native corporation and largest private landholder in southwest Alaska — have rejected the mine on the basis that it will "unavoidably put at risk the 'fisheries and our Native way of life.'" The project is a partnership between Anglo American (LON:AAL) and Northern Dynasty Minerals (NYSEAMEX:NAK).
Today I’m speaking with Robert Archer, President and CEO of Great Panther Silver TSX-GPR. Mr. Archer has more than 30 years experience working for mining companies throughout North America, including Newmont Exploration of Canada Ltd., Rio Algom Exploration Inc., Placer Dome Canada Ltd. and Noranda Exploration Inc.
The US coal industry has settled on an unlikely candidate to build America's largest coal terminal. Bellingham is a small coastal city 32 kilometers south of the Canadian border known for being one of the few cities in the US to rely solely on solar and hydro-generated electricity and its innovative building efficiency program. Plans are now underway for a new $500 million bulk dry goods facility to ship 28 million tonnes of coal and potentially 8 million tonnes of potash to Asian markets and HuffingtonPost reports the plans have sparked a fierce fight in this otherwise quiet college town of 81,000 residents.
Aecon Group's Lockerbie and Hole Eastern Division has signed a letter of intent with the Potash Corp of Saskatchewan for a project valued at over C$250 million to install the interior of a new process mill at the mine site near Rocanville. The scope of work for the project includes the installation of all utilities and equipment for the new mill, including the process piping, electrical, mechanical, instrumentation, HVAC, and all processing equipment in the mill, where potash ore from the nearby mine will be processed.
Aecon Group, Canada largest construction firm, announced Monday it has signed a letter of intent with the Potash Corporation of Saskatchewan for a project valued at over $250 million to install the interior of a new process mill at the PotashCorp mine site near Rocanville, Saskatchewan. The project will create approximately 800 jobs at the construction site said Aecon in a press statement. Site preparation is expected to begin in early 2012 and this portion of the project is scheduled for completion in the fall of 2013. Monday's deal brings the total value of projects announced by Aecon since September to over $850 million which has given its share price in Toronto an almost 30% boost over the period.