MINING.COM

Power issues could get in the way of Canada’s Labrador expected mining boom

$15 billion of investment in Labrador mining projects over the next decade may be jeopardized by the lack of energy sources unless alternatives, such as generating power from the Muskrat Falls, are put in place.

Cecilia Jamasmie | November 1, 2012 | 3:12 pm

Pascua-Lama costs and challenges take shine off Barrick Gold earnings

Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.

Cecilia Jamasmie | November 1, 2012 | 1:29 pm

Canada looks into the hiring of Chinese miners in B.C.

Canada’s federal government has launched a formal investigation into the use of foreign workers at a HD Mining International Ltd.’s coal mine in northern British Columbia, joining the provincial government, which opened an inquiry last week.

Cecilia Jamasmie | October 31, 2012 | 3:30 pm

Canada’s economy drops as mining and oil plunge

Canada’s economy shrank 0.1% in August, the first drop in six months, driven mainly by depressed manufacturing and energy sectors, Statistics Canada said Wednesday.

Cecilia Jamasmie | October 31, 2012 | 2:52 pm

PotashCorp reportedly in merger talks with Israeli smaller rival

Potash Corporation of Saskatchewan (TSX:POT) is allegedly in talks with the Israeli government concerning a potential merger/ takeover of Israel Chemicals Ltd. in a deal that may be worth over $13.5 billion.

Cecilia Jamasmie | October 31, 2012 | 2:06 pm

Canadian Oil Sands income on the way up, but warns of drop in cash levels

Canadian Oil Sands Ltd. (TSX:COS) increased its 2012 cash flow guidance by 20% after reporting third-quarter net income climbed to $338-million as lower operating expenditures offset a decline in revenues.

Cecilia Jamasmie | October 30, 2012 | 2:07 pm

Mounties turn to ‘diamond cop’ to deal with smuggling of gemstones and drug dealers’ treasures troves

The Royal Canadian Mounted Police (RCMP) have appointed a special "diamond cop" to combat the smuggling of gemstones and precious metals as the illegal trade flourishes on the back of demand from drug dealers.

Marc Howe | October 30, 2012 | 2:41 am

Petronas extends $5.2 billion takeover bid for Progress Energy

Malaysian state-run oil company Petronas has extended the deadline for its takeover bid for Canadian gas producer Progress Energy Resources Corp.(TSX:PRQ) in hopes it will be able to overcome Ottawa's objections to the $5.2 billion deal.

Cecilia Jamasmie | October 29, 2012 | 3:28 pm

TransCanada and Phoenix Energy join forces to build $3-billion pipeline

TransCanada Corp. (TSX, NYSE:TRP) and Phoenix Energy Holdings Ltd. have entered into a 50-50 partnership to build a $3-billion pipeline in Northern Alberta, one of the centres of Canada’s oil sands industry.

Cecilia Jamasmie | October 29, 2012 | 3:01 pm

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Rouyn project continues to deliver for Iamgold, Yorbeau

Turquoise Hill swings to loss on Mongolia mine woes

QMX releases maiden resource for Bonnefond

British Columbia First Nation take a C$124m stake in energy projects

Champion Iron breaks records at Bloom Lake

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