Minister asked to deny permits for road to Ring-of-Fire mine project CBC Neskatanga Chief Peter Moonias said he was inspired to act by drawings presented to him by First Nations children. (Jody Porter/CBC) | Ontario's Minister of Natural Resource is the latest cabinet minister to be put on notice by the Neskantaga First N...
CANADA STOCKS-TSX rises on mining, energy shares Reuters | TORONTO, May 18 (Reuters) - Canada's main stock index rose sharply on Friday as gains from mining and energy shares helped it shrug off a deepening Spanish banking crisis and uncertainty about Greece's future in the euro zone. The Toronto Stock Exc...
No major changes in Chinese REE export udate, says analyst Mining Weekly | JOHANNESBURG (miningweekly.com) – The updated 2012 rare earths export quotas China published on Thursday implied a total of 31 438 t for the year, a slight increase on 2011’s figure, consultancy Technology Metals Research said. | The Mi...
Paladin restarts full production at Kayelekera Mining Weekly | PERTH (miningweekly.com) - Uranium major Paladin Energy has resumed full production at its Kayelekera operation on Thursday evening as employees ended a strike action. | Malawian workers at the Kayelekera downed tools at the end of last week after ...
Ontario accused of breaking the law on mining project CBC | Lawyers for the Neskantaga First Nation say the province may have broken the law by signing deals with Cliffs Natural Resources, before consulting First Nations. | Gregory McDade, with the B.C.-based firm Ratcliff and Company, said that lack of con...
B2Gold profit rises on higher gold prices Mining Weekly | Canadian miner B2Gold Corp posted a 28% rise in quarterly profit, helped by higher gold prices. | First-quarter net income rose to $14.6-million, or 4c per share, from $11.4-million, or 3c a share, a year earlier. | On an adjusted basis, the compan...
Molycorp to raise $650 million in debt offer Mining Weekly | Rare-earth miner Molycorp said on Monday it will raise up to $650-million in an offering of senior secured notes with the proceeds earmarked to help fund its $1.3-billion takeover of Neo Material Technologies. | Molycorp's shares fell 1.1% to $...
Cameco buys uranium trader Nukem for $136m Mining Weekly | JOHANNESBURG (miningweekly.com) – Cameco, the biggest listed uranium producer, agreed to pay private equity firm Advent International €105-million, or $136-million, for nuclear fuel trader Nukem to deepen its involvement in marketing and...
US PGM investment seen out of favour on weak economy Mining Weekly | NEW YORK – Demand for US platinum and palladium investment products has held firm so far in 2012, but the platinum group metals' heavy industrial uses and lingering fears over economic slowdown could push them off institutional inves...
Talison Lithium lifts quarterly income by 112% Mining Weekly | JOHANNESBURG (miningweekly.com) – TSX-listed Talison Lithium has reported a 112% year-on-year increase in third-quarter net earnings to A$8.2-million, or 7.6c a share, as the result of record revenue and increased prices. | The Australia-base...
Strike cripples production at Paladin's Malawi uranium mine Mining Weekly | JOHANNESBURG (miningweekly.com) – Malawi’s move last week to delink its currency from the US dollar, devaluing by 50%, had an unwelcomed side effect for uranium miner Paladin –workers at its Kayelekera mine in the north of the cou...
Dollar Prevails while Gold Slumps below US$1,550 Tempo Interactive | , New York:Gold prices have plunged further to their lowest price this year due to concerns over Greece’s political deadlock, which triggered the appreciation of the US dollar. | Prices of gold commodities for June fell by 3.9 points or 0.3 percent to the level of US$1,557.1 per troy ounce. Gold prices reached the lowest level on December 29 at U...
Chelsea Upset Bayern Munich To Win The Champions League With This Penalty Kick Business Insider | In a huge upset, and in dramatic fashion, Chelsea came from behind to tie Bayern Munich 1-1 in regulation time and then won The Champions League final 4-3 on penalty kicks. | Bayern dominated the match with 56% of the possession time and 20 corner kicks. But after Bayern finally broke through in the 83rd minute, Didier Drogba returned the favor, ...
