Doyle undaunted as potash demand dips Mining Weekly | TORONTO (miningweekly.com) – Markets for potash might have seized up at the end of last year and into 2012, but demand will likely bounce back equally quickly, Potash Corp CEO Bill Doyle said on Thursday. | “This business turns on a dim...
Proposed mine concerns Fort Resolution, N.W.T., residents CBC | Some people in Fort Resolution, N.W.T., are worried the proposed Tamerlane lead and zinc mine could hurt the environment. | Garry Bailey, president of the Fort Resolution Metis Council and the community's mayor, said drilling has started, but peopl...
Fortuna 2011 silver production rises Mining Weekly | Canada's Fortuna Silver Mines Inc said its 2011 silver production jumped 31% and forecast nearly 50% jump in the metal's output this year. | Vancouver-based Fortuna said expansion at its San Jose mine in Mexico will continue to lower its si...
Potash Corp Q4 profit misses estimates Mining Weekly | TORONTO (miningweekly.com) – A surprisingly swift fourth-quarter slowdown in fertiliser markets ate into Potash Corp. earnings for the period which, at $683-million were 34% higher than for the same period in 2010, but well below analyst expe...
Don’t turn N.W.T. Ramparts into park, says chamber of mines CBC The Ramparts area of the Northwest Territories is home to towering limestone cliffs, wetlands and boreal forest. The NWT and Nunavut Chamber of mines say the region should be protected under the Sahtu Land Use Plan, which would allow for reviews on w...
Canadian Pacific signs 10-year deal with Canpotex Mining Weekly | Canadian Pacific Railway said it signed a 10-year agreement with Canpotex Ltd to transport a large majority of shipments to the potash marketing consortium's main terminal in Vancouver, British Columbia. | CP said terms and conditions of the de...
Ur-Energy enters supply agreement, shares up Mining Weekly | Uranium miner Ur-Energy Inc said it will supply uranium concentrate to a North America-based utility, sending its shares up as much as 11%. | Ur-Energy will deliver 200 000 pounds of uranium concentrate per year in a multi-year schedule starting in...
CGNPC inches closer to Kalahari takeover Mining Weekly | PERTH (miningweekly.com) - China Guandong Nuclear Power Corporation (CGNPC) was moving incrementally closer to obtaining control of takeover target Kalahari Minerals as its February 2 deadline looms. | At the end of last week, CGNPC had secured a 2...
Gold mine company looks at major Nunavut expansion CBC | Newmont Mining has laid out plans for some major new gold mines in the Kitikmeot region of Nunavut. | The company has been working at its Hope Bay property near Cambridge Bay, Nunavut, for years to prepare the Doris North gold deposit for productio...
Yukon boom a spotlight at mining conference CBC | The annual Mineral Exploration Roundup gets underway Monday in Vancouver. | While a British Columbia organization puts on the event, the North will garner much of the spotlight. | This will be the 29th edition of the Roundup in Vancouver. It attrac...
More safety inspectors to monitor B.C. mines Canada Dot Com | The B.C. government plans to hire 10 new mine inspectors over a 12-month period - more than a 25-per-cent increase - to keep pace with increased mining activity and help ensure work-site safety. | Al Hoffman, the province's chief inspector of mines...
Aust stocks gain Sydney Morning Herald | AAP | Australian shares have opened higher as the weaker US dollar helps commodity prices and concerns over Europe's debt crisis take a back seat. | Financials gained after reports that France and Germany were calling for a relaxation of global bank capital rules boosted offshore bank shares and pushed European bourses to their highest point in f...
Smartphones drive record Samsung profit Canada Dot Com | SEOUL (Reuters) - Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to pull further ahead of smaller rivals. | The South Korean firm, the world's top technology firm by revenue, is locked in break...
