MINING.COM

Newmont slides after taking $1.6 billion Arctic hit

Shares in Newmont Mining was down 2.7% on Friday after the company announced a $1.6 billion charge after mothballing its Hope Bay project in northern Canada.

Frik Els | February 24, 2012 | 7:15 pm

Canadian Mandalay Resources delays shipments to Chile due to ongoing protests

Canadian miner Mandalay Resources (TSX: MND, MND.WT) announced today that scheduled shipment of concentrate for February from the Cerro Bayo silver-gold mine in Chile has been delayed due to increasing public protests in the south of that country.

Cecilia Jamasmie | February 24, 2012 | 3:07 pm

No more first come, first served for granting mining concessions in Colombia

Colombia’s President, Juan Manuel Santos, announced yesterday that the country will be issuing a new mining code to boost the industry and reinforce control of illegal mining.

Cecilia Jamasmie | February 24, 2012 | 2:43 pm

China’s copper usage jumped 38% in October-November

During the first eleven months of 2011, global usage grew by only 2.7% over 2010, but accelerated in October-November to 12% due to an jump of 38% in China.

Frik Els | February 23, 2012 | 8:39 pm

New Brunswick is the new world’s top mining jurisdiction

Eastern Canada’s New Brunswick claimed the top spot at the world’s most attractive jurisdiction for mineral exploration and development list, released by the Fraser Institute today.

Cecilia Jamasmie | February 23, 2012 | 11:00 am

Yamana books $81 million impairment loss

Despite unbeat quarter with 29% increase in revenues, Yamana also took a $81 million non-cash impairment loss on investments in available-for-sale securities recorded in the quarter.

MINING.COM Staff Writer | February 23, 2012 | 6:35 am

Company growth feeds human growth: junior secures key phosphate deposit in Brazil

Brazil, now the envy of debt-ridden nations, is scrambling to strengthen its control over domestic food production. This move became a matter of national security as the country saw 2008’s increased fertilizer prices threaten its agricultural sector.

Prospecting Journal | February 22, 2012 | 8:43 pm

Energy inefficiencies jeopardizing Peru’s mining future

Lack of investment and long-term planning in the Peruvian electrical system are threatening to wreck billionaire mining projects, considered key to the economic growth of the country, reports today one of the major local newspaper.

Cecilia Jamasmie | February 22, 2012 | 6:15 pm

European Goldfields and Eldorado tie-up: At last investors can cheer news about Greece

The $2.5 billion deal saw European Goldfields add 6.4% in afternoon trade on Tuesday while Eldorado gained 6% to bring their combined market value to $10 billion.

Frik Els | February 21, 2012 | 9:02 pm

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