Iamgold reports assays from Nelligan project

Somewhere deep in the bowels of the world’s Western central banks lie vaults holding gargantuan piles of physical gold bars… or at least that’s what they all claim.

Mining veteran and Goldcorp founder, Rob McEwen, bought 500,000 shares in the Toronto-based explorer on the open market to bring his stake to 7.8 million shares or 12.4% of the company.

The government of British Columbia has rejected plans for a combined copper-gold mine in the province's north-west due to fears it could threaten salmon populations in the Skeena River.

It would also be sweet revenge for the Anglo-Australian miner to put up shop in Potash Corp's backyard after being so summarily dismissed two years ago.

"They all say that the Chinese firms believe the market volatility is temporary, and that pricing should return to $120 or $130 in the coming months."

An energy analyst has concluded that the key factor causing the world's economic woes is ”high-priced fuel syndrome“ which induces sluggish growth and range of other ailments.

Golden Predators secures $35 million to buy and develop the past producing heap leach gold mining operation in the Yukon.

China National Offshore Oil Corp's (CNOOC) believes its proposed $15.1 billion takeover of Canadian oil producer Nexen Inc. (TSX & NYSE:NXY) should go ahead without major hiccups as talks with provincial leaders reaffirmed the country values China as an investor in its oil sands sector.

British Columbia, Canada's most western province, will employ over 16,700 mining professionals in the next 10 years according to a report released Wednesday by the Mining Industry Human Resources Council (MiHR) in partnership with the BC Mining HR Task Force.