MINING.COM

Osisko Mining buying Queenston in $550-million deal

Canada’s Osisko Mining Corp. (TSX:OSK) announced Monday it will buy Queenston Mining Inc for about $550 million to get access to gold-rich properties in the Kirkland Lake area in north-eastern Ontario.

Cecilia Jamasmie | November 12, 2012 | 3:32 pm

Shale will make the U.S. world’s top oil producer

The United States will surpass both Saudi Arabia and Russia becoming the world’s top oil producer by 2017, says the latest yearly world energy outlook published Monday by International Energy Agency (IEA).

Cecilia Jamasmie | November 12, 2012 | 2:58 pm

Yamana Gold insists on risky project in northern Chile

Canadian miner Yamana Gold Inc. (TSX:YRI) (NYSE: AUY) is refusing to give up on its plans to re-open the old “Agua de la Falda” gold mine in Chile’s northern Atacama region, a particularly sensitive area in terms of energy costs.

Cecilia Jamasmie | November 12, 2012 | 11:53 am

Tiny family business sells $4 billion gold to US mint, jewellers and hedge funds each year

The company pockets about a quarter of a percent of its precious metal sales—less for the gold it sells to the Mint.

Frik Els | November 10, 2012 | 11:33 pm

Canada may change entire temporary foreign worker program over Chinese miners controversy

Accusations of Chinese miners being dubiously brought into the Canadian province of British Columbia to work in coal mines has prompted the federal government not only to investigate the issue, but to review its entire temporary foreign worker program.

Cecilia Jamasmie | November 9, 2012 | 5:13 pm