Cecilia Jamasmie , Senior Editor

$16 trillion of platinum could be extracted from seawater

Space mining start-up Planetary Resources President, Chris Lewicki, made more than one eyebrow rise Wednesday as he wrote in his blog that there are about $16 trillion worth of platinum waiting to be extracted in our Earth’s oceans.

Cecilia Jamasmie | October 31, 2012 | 5:12 pm

Canada looks into the hiring of Chinese miners in B.C.

Canada’s federal government has launched a formal investigation into the use of foreign workers at a HD Mining International Ltd.’s coal mine in northern British Columbia, joining the provincial government, which opened an inquiry last week.

Cecilia Jamasmie | October 31, 2012 | 3:30 pm

Canada’s economy drops as mining and oil plunge

Canada’s economy shrank 0.1% in August, the first drop in six months, driven mainly by depressed manufacturing and energy sectors, Statistics Canada said Wednesday.

Cecilia Jamasmie | October 31, 2012 | 2:52 pm

PotashCorp reportedly in merger talks with Israeli smaller rival

Potash Corporation of Saskatchewan (TSX:POT) is allegedly in talks with the Israeli government concerning a potential merger/ takeover of Israel Chemicals Ltd. in a deal that may be worth over $13.5 billion.

Cecilia Jamasmie | October 31, 2012 | 2:06 pm

EU delays Glencore-Xstrata merger verdict

The European Commission said Wednesday it is delaying the deadline to emit a verdict on Glencore International PLC's $70 billion merger proposal with Xstrata (LON:XTA) after Glencore (LON:GLENA) made concessions to reduce EU concerns about too much potential concentration of interests in northern Europe.

Cecilia Jamasmie | October 31, 2012 | 11:42 am

Rinehart loses appeal over stake in much-hyped iron ore project

Mining billionaire Gina Rinehart's Hancock Prospecting lost Tuesday an appeal to retain its share in the touted Rhodes Ridge iron ore project in Australia’s Pilbara, forecast to be worth billions once developed.

Cecilia Jamasmie | October 30, 2012 | 6:15 pm

Union claims Rio Tinto redundancy package discriminates against members

The Australian Construction, Forestry, Mining and Energy Union (CFMEU) said Tuesday the Rio Tinto's redundancy package for its Blair Athol coal mine discriminates against union members.

Cecilia Jamasmie | October 30, 2012 | 5:03 pm

Canadian Oil Sands income on the way up, but warns of drop in cash levels

Canadian Oil Sands Ltd. (TSX:COS) increased its 2012 cash flow guidance by 20% after reporting third-quarter net income climbed to $338-million as lower operating expenditures offset a decline in revenues.

Cecilia Jamasmie | October 30, 2012 | 2:07 pm

TransCanada’s profit in the third quarter down 4%

TransCanada Corp. (TSX, NYSE:TRP), Canada's largest pipeline company, said Tuesday third-quarter profit dropped 4% compared to the same period last year, missing estimates.

Cecilia Jamasmie | October 30, 2012 | 1:47 pm

New oil, gas and mineral discoveries boost African economies growth — World Bank

Despite setbacks in the global economy, sub-Saharan Africa is expected to grow at 4.8% in this year, broadly unchanged from the 4.9% growth rate registered in 2011 and largely on track, according to the World Bank’s latest report.

Cecilia Jamasmie | October 30, 2012 | 10:33 am

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