Mega-mergers will bring short-lived glory if miners ignore innovation — opinion

American-based heavy equipment maker Caterpillar (NYSE:CAT) through its subsidiary Electro-Motive Canada (EMC), said today that it is closing EMC's locomotive production operations at its London, Ontario plant, after several months of unsuccessful contract negotiations with the Canadian Auto Workers union.

IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced that it has declared an inferred resource of 466.8 million tonnes at a grade of 1.65% Total Rare Earth Oxides ("TREO") as a result of its 2011 exploration drilling program conducted on the rare earth elements ("REE") zone adjacent to its Niobec niobium mine near Saguenay, Quebec, Canada.

Canada's mining sector contributed $36 billion to the national GDP in 2010, and employed 308,000 workers in mineral extraction, smelting, fabrication and manufacturing. An additional 3,215 companies supplied engineering, geotechnical, environmental, financial and other services to mining operations.

Imperial Metals Corporation (TSX:III) reports a tonnage increase of 103% in the Measured and Indicated Resource at its Red Chris copper/gold deposit. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2012) - Imperial Metals Corporation (TSX:III) reports a tonnage increase of 103% in the Measured and Indicated Resource at its Red Chris copper/gold deposit. The 2012 Technical Report(1) (...

Fuming investors facing a flood of new shares clobbered Novagold on Thursday after it added almost 10 million shares to its bought deal offering and gave the option for another 5 million to institutions at a steep discount to the ruling price.

Petrobank Energy and Resources Ltd. (TSX: PBG) announced on Wednesday that it reached an agreement with Grizzly Oil Sands Ulc. to sell May River property.

After a recent mining fataility at Vale's Coleman Mine in Sudbury, the Brazillian miner is temporarily shutting down all eight mines in the region while it assesses safety procedures.

While Alberta is showing progress in slowing sexually transmitted infections, oilsands workers and First Nation communities are considered high risk groups.

Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") is pleased to announce the final 2011 diamond drill results from the Klaza zone gold-silver discovery at its wholly-owned, road accessible Klaza property located in the Dawson Gold Belt of southern Yukon.