The company says it expects construction costs to be about $158 million for the project and that commercial production will begin in the second half of 2014.
China’s anti-corruption watchdog has launched an investigation over the insider trading case linked to China National Offshore Oil Corp.'s bid for Nexen.
Athabasca Oil Corp. (TSX:ATH) confirmed Friday that it is in the preliminary stages of establishing a joint venture for two of its Alberta oil sands assets, but it declined to identify its partner.
Barrick Gold (NYSE:ABX) has found itself at the centre of a Canadian political controversy following its failure to properly report three separate lobbying discussions with Nigel Wright, Prime Minister Stephen Harper's chief of staff.
Close to 100 soldiers and officers of the Mexican Army and Federal and state police agencies broke through a peaceful protest taking place in front of the La Platosa mine, owned by a subsidiary of Canadian Excellon Resources, Inc. (TSX:EXN), according to a news flash by Mining Watch.
Canadian Gran Colombia Gold Corp. (TSX:GCM), the largest underground gold and silver producer in the South American country, announced that senior managers and members of the board of directors have purchased a combined 380,000 common shares of the company.
Balmoral Resources (CVX:BAL) reported Wednesday that exploration drilling on its Martiniere Property, in central Quebec, conducted well outside the previously known extent of the site’s gold system, has intersected three new, broad areas of gold mineralization.
Shares in Canadian silver junior Aurcana (TSX:AUN) leapt 12% to CND$1.05 after the company announced a radically updated estimate for resources in its La Negra Mine in Mexico.