May 31, 2012

Century Iron Mines Corporation provides an update on its drilling plans for Rainy Lake (Full Moon) Project

We are continuing our current exploration program and expect to drill over 5,000 metres in the next two months.

May 31, 2012

Canada’s oil and gas industry will need to fill at least 9,500 jobs by 2015

Canada's oil and gas industry will need to fill a minimum of 9,500 jobs by 2015, according to a report released today by the Petroleum Human Resources Council of Canada.

May 31, 2012

Outer Harbour 1, Olympic Dam-Jansen 0: BHP gets final approval for $20 billion iron ore expansion

There are "growing signs" that Outer Harbour  will take precedence over BHP's massive Olympic Dam project and the greenfield Jansen potash venture in Canada.

May 31, 2012

Viterra receives court OK for takeover by Glencore

Viterra Inc. has been granted court approval for the plan of arrangement pursuant to which a wholly owned subsidiary of Glencore International PLC will acquire all the issued and outstanding…

May 31, 2012

Canada’s Kinross Gold to focus on Paracatu gold operation

Canada’s third main gold miner Kinross Gold (TSX:K) will focus on its wholly-owned Paracatu mine, in Brazil's Minas Gerais state, after it sold its stake in the Crixas gold mine…

May 31, 2012

Gold producers, Indian cutters might fund Canada’s newest diamond mines

With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of…

May 30, 2012

Baja Mining lays off 40% of staff and seeks funding for Boleo

Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding…

May 29, 2012

Positive PEA lifts Sabina stock price 5%

A positive PEA for it Black River gold project in Nunavut, Canada gave Sabina Gold & Silver (TSX:SBB) a 5.6% bump in its stock price Tuesday.

May 29, 2012

Cline Mining Corporation files suit against the Province of British Columbia for expropriation of coal properties

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX:CMK.TO - News) has filed a notice of civil claim (the "Claim") dated May 28, 2012 in the Supreme Court of British…

May 29, 2012

Viterra shareholders back Glencore takeover bid

The largest agricultural sector deal in years has taken one step closer to completion, as shareholders of Canadian grain handler Viterra Inc have voted strongly in favour of a friendly…