Cecilia Jamasmie , Senior Editor

Canada’s oil sands threatened by spiralling costs – report

A private government memorandum obtained by Canada’s CBC shows that Alberta’s oil sands, one of the country’s key economy engines, could soon get stalled due to mounting developing costs and labour shortages.

Cecilia Jamasmie | November 2, 2012 | 6:56 pm

Colombia to punish illegal mining

Colombian President Juan Manuel Santos presented Friday a package of measures, including a proposed bill before congress, aimed to making illegal mining a crime punished by the country’s Penal Code.

Cecilia Jamasmie | November 2, 2012 | 4:49 pm

Inmet Mining’s profit jumps 19%, beats expectations

Canada's Inmet Mining Corp (TSX:IMN) posted a 19% rise in third-quarter profit, as copper production and prices improved.

Cecilia Jamasmie | November 2, 2012 | 2:53 pm

Why are Petaquilla Minerals and Inmet Mining fighting in Panama?

Canadian miners Petaquilla Minerals Ltd. (TSX:PTQ) and Inmet Mining Corp. (TSX:IMN) have been on the news in recent weeks as the companies locked horns over land rights near the Cobre Panama copper project, run by Inmet’s subsidiary Minera Panama.

Cecilia Jamasmie | November 2, 2012 | 2:32 pm

Xstrata fires 400 South African miners

Global diversified miner Xstrata Plc. (LON:XTA) confirmed Friday it has dismissed 400 of its workers who have been on an illegal strike at its South African mines.

Cecilia Jamasmie | November 2, 2012 | 1:09 pm

Striking South African coal miners killed at Canadian mine

South African police fired tear gas on Thursday to disperse a group of striking coal miners a day after security guards killed two workers that had tried to break into a locked mine-explosives armoury at Forbes & Manhattan Coal Corp. (TSX:FMC) operations.

Cecilia Jamasmie | November 1, 2012 | 6:01 pm

TransCanada to build $1 billion pipeline in Mexico while being audited by Canadian regulators

TransCanada Corp. (TSX,NYSE:TRP) will invest about $1 billion in a new natural gas pipeline in Mexico after being granted a permit to contract to build, own and operate the duct by the country's federal power company, the Comision Federal de Electricidad or CFE.

Cecilia Jamasmie | November 1, 2012 | 3:54 pm

Power issues could get in the way of Canada’s Labrador expected mining boom

$15 billion of investment in Labrador mining projects over the next decade may be jeopardized by the lack of energy sources unless alternatives, such as generating power from the Muskrat Falls, are put in place.

Cecilia Jamasmie | November 1, 2012 | 3:12 pm

Anglo Platinum miners say they won’t return to work

Thousands of dismissed workers at Anglo American Platinum Ltd.’s (Amplats) mine in Rustenburg have still not accepted an offer to reinstate them, the world's largest producer of the metal said on Thursday.

Cecilia Jamasmie | November 1, 2012 | 2:14 pm

Pascua-Lama costs and challenges take shine off Barrick Gold earnings

Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.

Cecilia Jamasmie | November 1, 2012 | 1:29 pm

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