Cecilia Jamasmie , Senior Editor

Rio Tinto sells aluminum business for $185 million

In what it seems a move towards exiting the aluminum wire business, diversified miner Rio Tinto (LON & NYSE:RIO) announced it is selling its U.S.-based wire and cable business Alcan Cable to American company General Cable (NYSE: BGC) for $185 million.

Cecilia Jamasmie | May 22, 2012 | 12:41 pm

McEwen considers selling the Los Azules Project in Argentina

McEwen Mining (TSX and NYSE:MUX) President and CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects.

Cecilia Jamasmie | May 18, 2012 | 5:22 pm

Planetary Resources doesn’t want more people onboard its asteroids-mining ship

Less than a month after officially launching its asteroid-mining plans, Google’s billionaire co-founders and filmmaker James Cameron’s owned company Planetary Resources, has already decided not to accept any more job applications.

Cecilia Jamasmie | May 18, 2012 | 5:20 pm

China is developing a grid better for coal than renewables: report

China won’t meet its carbon and energy intensity targets unless dramatic changes to its electricity grid are applied, says a study by U.S.-based Energy Transition Research Institute.

Cecilia Jamasmie | May 18, 2012 | 3:59 pm

Peru’s illegal mining exports problem worse than drug trafficking: report

Peru’s illegal mining exports reached $1.8 billion in 2011, exceeding even drug trafficking profits, which accounted for $1.2 billion, said local consultancy firm Macroconsult.

Cecilia Jamasmie | May 18, 2012 | 3:51 pm

General Electric to buy up mining specialists Industrea and Fairchild International

General Electric (NYSE: GE) announced it is pursuing acquisitions of two underground mining equipment manufacturers in support of the global expansion of its mining business.

Cecilia Jamasmie | May 16, 2012 | 6:30 pm

Silver use in medicine could boost the market: report

For thousands of years, silver has been used at the table, on the battlefield and even in healthcare. Today, the uses of silver for its healing and preventative properties are growing and analysts wonder what this renewed demand for the graphite metal will mean for the silver market.

Cecilia Jamasmie | May 16, 2012 | 6:07 pm

Pan American Silver 1Q net falls 46% due to Mexican acquisition

Pan American Silver Corp. (TSX: PAAS, NASDAQ: PAA.T) first-quarter profit fell 46% as the costs of acquiring a Mexican gold and silver operation covered a revenue increase.

Cecilia Jamasmie | May 16, 2012 | 5:51 pm

Twelve-year-old critic of Canada’s banking system goes viral

The latest rant against Canada’s federal government’s borrowing practices has gone viral and not because it comes from a well-know economist, but because it is exposed by a well articulated and not camera-shy 12-year-old girl.

Cecilia Jamasmie | May 16, 2012 | 4:42 pm

African Barrick Gold to pay more royalties to Tanzania

African Barrick Gold (LON:ABG) has decided to pay the Tanzanian government an extra 1% in royalties, in light of the current gold price environment.

Cecilia Jamasmie | May 16, 2012 | 4:29 pm

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