MINING.COM

Canada makes good on promise to streamline mining, oil and gas projects

The Canadian government followed through on last month's budget promise to streamline environmental reviews of resource projects with a plan for "responsible resource development."

Andrew Topf | April 18, 2012 | 12:01 am

IMF forecast gets more upbeat

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.

CBC Ottawa | April 17, 2012 | 7:36 pm

Freeport McMoRan ripe for takeout, analysts say

Freeport McMoran Copper & Gold is currently valued so low that it is an excellent target for a takeover, according to media reports today.

Andrew Topf | April 17, 2012 | 7:04 pm

Final report on Newmont’s $4.8 billion Conga gold project delivered to Peru’s Government

The long-awaited and twice-postponed report from international experts on the environmental impact study (EIS) for Newmont and Buenaventura’s US$4.8 billion copper-gold project, the Conga mine, is finally in the Peruvian government’s hands.

Cecilia Jamasmie | April 17, 2012 | 6:48 pm

$4bn subsidy for Australian mine sector

The federal government gives just over $4 billion in direct subsidies to mining companies each year, mainly in the form of cheap fuel and tax breaks for building roads and railways, according to a report by the Australia Institute think tank.

Sydney Morning Herald | April 17, 2012 | 6:37 pm

Mongolian government tells SouthGobi Resources to stop mining

Three weeks after SouthGobi Resources' $925 million deal with Chalco, the Government of Mongolia told SouthGobi that it had to suspend exploration and mining activity on certain licenses.

Michael Allan McCrae | April 17, 2012 | 6:12 pm

Silicon Valley looks east for cheap energy to power data centers: Greenpeace

While Silicon Valley maybe a center of the environmental activism, Greenpeace issued a report on Tuesday accusing IT companies of setting up data centers in the eastern United States where power is cheaper and dirtier.

Michael Allan McCrae | April 17, 2012 | 5:34 pm

Sunny day for uranium miners; Energy Fuels grabs Denison’s American assets

Denison Mines (NYSEAMEX:DNN) was up 14.69% to $1.64 on Tuesday after announcing Energy Fuels Inc. (TSE:EFR) will acquire all its mining assets and operations located in the United States in exchange for 425.44 million common shares of EFR.

Michael Allan McCrae | April 17, 2012 | 4:43 pm

Pele Mountain waves gold goodbye to focus on rare earths and uranium

Canadian rare earth explorer Pele Mountain Resources Inc. (TSX-V:GEM)(OTCQX:GOLDF) announced today that it has entered into a binding agreement to sell its Highland Gold projects to a wholly owned subsidiary of Prodigy Gold Inc. (TSX-V:PDG) for US$1.8 million.

Cecilia Jamasmie | April 17, 2012 | 4:35 pm

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Global miners improve policies on community consent, while oil and gas lag

Coal slump hits Teck’s profit, output forecast

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