February 20, 2012

A new kind of hyperinflation: Zimbabwe hikes mining fees by as much as 8,000%

The Zimbabwe Chamber of Mines says the government's hike of pre-exploration fees for the majority of minerals – by as much as 8,000% – together with increased royalty rates will…

February 20, 2012

Quadra FNX Securityholders Approve Plan of Arrangement With KGHM

Quadra FNX Mining Ltd. ("Quadra FNX") (TSX:QUX) is pleased to announce that its securityholders have approved the previously announced plan of arrangement (the "Arrangement") involving Quadra FNX, 0929260 B.C. Unlimited…

February 20, 2012

Did China’s central bank buy 139 tonnes of gold in the fourth quarter?

After surging in January, prices for gold and silver have been remarkably steady through the first three weeks of February, setting the stage for a possible big move sometime in…

February 20, 2012

Zambia NFCA Starts Work On $832 Million Copper Project – Report

Chinese-owned NFCA Mining has stated developing a $832 million copper mine project in Zambia's Copperbelt province as it steps up efforts to boost copper production at its Zambian operations, Zambia's…

February 20, 2012

Elemental to Raise $1.7 Billion Next Year to Mine Potash

Elemental Minerals Ltd. (ELM), owner of a potash project in the Republic of Congo, plans to raise about $1.7 billion next year to develop production by 2015, Chief Executive Officer…

February 20, 2012

The Sinopec File

Pollution, bribes, more. Nikiforuk pries open the record of China's oil giant, business partner for Northern Gateway pipeline, The Tyee reports.

February 20, 2012

Caledonia gives 51% of Blanket to indigenous Zimbabweans

Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price…

February 20, 2012

Regional District Opposes Enbridge Gateway Pipeline; Passes Resolution Calling for Legislated Ban on Oil Tanker Traffic in BC’s Northern Coastal Waters

The Skeena Queen Charlotte Regional District, which provides local government services to four electoral areas and five municipalities with 20,000 residents living on the North Coast of British Columbia and…

February 20, 2012

75 per cent of Keystone XL pipe would be ‘Made in North America’

TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) confirmed today the vast majority of the pipe for Keystone XL would be manufactured in North America.

February 20, 2012

Who’re you calling dirty? Canada says would take Europe to WTO over oil sands

Canada is upset about an EU energy panel's plans for a green ranking of fuels that would rank Alberta's heavy oil as the globe's most polluting and effectively ban the…