Working in a coal mine in the U.S. these days involves not only staying focused on getting your job done, but also wondering whether the company you work for can pay its bills and remain a viable concern.The industry was booming as recently as…
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date July 9 July 6 July 5 July 4 July 3 US$ in C 1.0212 1.0199 1.0131 1.0128 1.0123 …
The Guatemalan government could soon take a 40% stake in mining companies in the country if a proposed constitutional amendment goes through.President Otto Perez Molina announced the proposed change, along with dozens of others, in one of the…
Just days after taking the keys from contract mine developer Banlaw Afrique, Canadian miner Banro (BAA-T, BAA-X) has run into delays while comissioning its 100%-owned Twangiza open-pit gold mine, 45 km southwest of Bukavu in the Democractic…
The first drill program on Ethos Gold’s (ECC-V) Betty project in the Yukon has yielded encouraging gold discoveries, and numerous blanks.The first half of a phase-one drill program includes results for 22 reverse-circulation drill…
When Western Potash (WPX-T) starts commercial production at its Milestone potash mine in Saskatchewan in 2016, it will draw much of its water from treated sewage effluent from the city of Regina, about 30 km away.As much as 60,000 cubic metres…
Rio Tinto (RIO-N, RIO-L, RIO-A) will spend billions of dollars to advance and upgrade some of its highest-profile assets.At its sprawling Pilbara iron-ore operation Western Australia, the company has committed US$3.7 billion to boost capacity,…
Champion Minerals (CHM-T) has traded higher on news that its 100%-owned Oil Can iron ore deposit, 6 km north of its flagship Fire Lake North project in the southern end of the Labrador trough, contains nearly 1 billion tonnes of…
In the gold business, some places never go out of style.While Canadian juniors continue to pursue gold in far-flung locales, Alexandria Minerals (AZX-V) is proving that one of Canada’s most well-worn gold-hunting grounds has plenty…
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