Tower Resources starts exploration program at Nechako gold project in BC

Canadian miner Mandalay Resources (TSX: MND, MND.WT) resumed operations at its Cerro Bayo project in Chile today, after protestors removed blockades, allowing supplies in and out of the mine.

Despite a healthy economic growth, Canada’s economy lost 2,800 jobs in February, with at least 18% of those positions belonging to the mining sector.

Xstrata's relentless appetite for coal, particularly the metallurgical variety, was again evident on Thursday after it bought Talisman's Peace River deposit for $500 million.

Hudbay Minerals (TSE:HBM) rang in the fourth quarter with a $34.3 million profit or 21 cents per share, compared to $7.9 million or seven cents a share at the end of 2010.

ATCO announced on Monday that it has been awarded a multimillion-dollar contract to design, build and operate a 2,586-person turnkey workforce housing lodge for BHP Billiton’s Jansen Potash Project, 100 km north of Regina.

Despite the Ontario government’s efforts to avoid a confrontation between Kitchenuhmaykoosib Inninuwug (KI) community members and God's Lake Resources representatives during the world’s leading mining exploration Convention, PDAC, the conflict keeps escalating. Today, KI Chief Donny Morris released a video, shot at Sherman Lake site yesterday, where he is settled to stop any advance from small Canadian mining exploration company God’s Lake Resources (GLR).

Investment in mineral exploration in Ontario, Canada, exceeded $1 billion for the first time last year, said today the Minister of Northern Development and Mines, Rick Bartolucci.

In what was clearly a strategic move, the Ontario Ministry of Northern Development and Mines released a statement on Sunday saying that it has withdrawn all lands near the Kitchenuhmaykoosib Inninuwug (KI) community from prospecting and mineral staking.

If 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion announced in the global mining sector, 2012 will be remembered as the year of the “African Renaissance,” concludes the latest PricewaterhouseCoopers’ report released this morning.