Canada Top Stories

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

Small-scale gold producers, including illegal miners, accounted for nearly 60…

Quebec lithium developer’s stock craters after cost blowout

The company has been forced to revise the budget for…

Create FREE account or log in

to receive MINING.COM digests


Latest Stories

No Keystone XL means Canadian crude will stay dirt cheap

Caving to pressure from environmental groups, the Obama administration on Wednesday rejected the $7 billion-plus Keystone XL pipeline which would have carried 700,000 barrels of crude oil a day from the Alberta oil sands to refineries along the US Gulf coast. The lack of pipelines like Keystone has meant that Canadian crude sells for much cheaper than global oil – on Wednesday the discount widened to over $30.

Kinross down 19% after announcing Tasiast project setback

Kinross Gold (K.TO) erased 19.46% of its value, with shares dropping to $10.65 a share on Tuesday, after it disclosed that it will take ". . . a material non-cash accounting charge, primarily relating to the goodwill recorded for the Tasiast mine in connection with the 2010 Red Back acquisition."