Canadian premier calls for opening up country's uranium industry
Saskatchewan's premier says Canada should open up the country's uranium industry to other companies around the world. Brad Wall believes eliminating foreign-ownership limits, except for state-owned...
View ArticleConfidence vote: Insiders are picking up the precious metal stocks others are...
A Canadian financial research firm says the insider buying ratio on the Toronto Stock Exchange has nearly doubled since mid-January. Gold mining executives are showing confidence the sector is on the...
View ArticleGoldCore predicts all-time price record for gold within 12-18 months
Mark O'Byrne, director of research at Ireland's GoldCore Ltd., predicts gold prices will hit an all-time record high most likely within the next 12 to 18 months, in an interview with Bloomberg TV. In...
View ArticleAustralian mining service companies in dangerous decline
Australia's central bank warned the country's national resources sector the future of companies servicing the mining industry is suffering a decline which has serious implications for the economy,...
View ArticleChina's largest steelmaker buys into Canada's Labrador Trough
China's largest steelmaker, Hebei Iron and Steel Group, purchased a quarter ownership stake in an iron ore project in Canada's Labrador Trough, reports Platts this week. The partnership with Alderon...
View ArticleWestern Potash receives approval for Milestone project
Vancouver-based Western Potash Corp. (TSX: WPX) announced Wednesday its Milestone project in Saskatchewan received environmental approval from the province. As a result of the approval, the company can...
View ArticleItalian police seize 12 gold bars at Swiss border
Italian border police seized about $6 million worth of gold bars from a family returning to their home in Switzerland on Easter Sunday, the BBC reports. Officers stopped the travellers' car because it...
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Rare pink diamond heads to auction block with $40m sales estimate
The Princie pink diamond (side view) The Princie pink diamond heads to auction April 16 at Christie's New York and some jewellers expect it to sell for around $40 million dollars. A cushion-cut jewel,...
View ArticleRetail diamond market strong worldwide
Long-term trends for the diamond retail market look good, said Oliver Chen, a senior retail stock analyst for US-based Citigroup Investment Research in an interview with Bloomberg TV (video below)....
View ArticleExperts face off about Canada's mining reputation
Canadian miners are a dominant force internationally and recently have come under fire from citizens in various countries. In a televised clip, the Mining Association of Canada’s Pierre Gratton and...
View ArticleChinese company to build $11.3bn coal-to-gas project
China's second-largest energy company will invest $11.3 billion to build the country's largest coal-to-gas project, reports Proactive Investors Australia. Sinopec Group will construct the project in...
View ArticleAustralian merger will create mid-tier gold producer
Australia's Southern Cross Goldfields (ASX: SXG) and Polymetals Mining (ASX: PLY) plan to merge, reports the Sydney Morning Herald. The two miners describe the resulting entity as a significant...
View ArticleCanadian miner's garnet find points to diamonds in Botswana
Pangolin Diamonds Corp. (TSX.V: PAN) said last week it had extracted high-pressure garnets that point to a possible diamond-bearing kimberlite pipe at one of its exploration projects in southwestern...
View ArticleUS government broke law when issuing shale oil leases in California
A US judge ruled the federal government violated national environmental law by declining to conduct a full-fledged environmental impact study of its oil leasing for California's Monterey Shale...
View ArticleAfghanistan mineral deposits estimated at $1 trillion
Afghanistan could be sitting on mineral deposits worth $1 trillion according to US estimates, reports Al Jazeera. The deposits are mainly copper but also include gold, iron ore, uranium and precious...
View ArticleAustralia's Gindalbie Metals opens new iron ore mine
Australia's Gindalbie Metals Ltd. (ASX: GBG) opened its new iron ore Karara project in the country's mid-western region on Tuesday. The mine site, which is located approximately 225 kilometres east of...
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US miners attain record low fatality and injury rate in 2012
The US released preliminary 2012 data Tuesday indicating the lowest fatality and injury rates in the history of the country's mining sector. The mine safety and health administration, part of the...
View ArticleEU confronts mining corruption with new accord
The European Union settled Tuesday on an anti-corruption agreement to force large mining companies to publicly announce payments made to governments where they operate, reports France 24. The markets...
View ArticleChina forms major rare earth group in Ganzhou
China formed a major rare earth production corporation in one of its southeastern provinces to boost the industry's sustainable development, reports Xinhua News Agency. Ganzhou Rare Earth Mineral...
View ArticleNew Australian gold mine opens in Queensland
Australia's Evolution Mining Ltd. (ASX: EVN) opened its new Mt. Carlton gold-silver-copper mine in Queensland on Wednesday. The mine is expected to a have a life of 12 years with a projected output of...
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