Cecilia Jamasmie , Senior Editor

Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties

Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.

Cecilia Jamasmie | April 30, 2012 | 11:28 am

Mining, oil and gas led Canada’s growth in 2011

Statistics Canada revealed today that the provinces of Alberta and Saskatchewan led the country in economic growth in 2011, buoyed by the extraction and exploration of their natural resources.

Cecilia Jamasmie | April 27, 2012 | 3:59 pm

US studies new law to speed up one of world’s longest permitting processes

"What is new is the growing awareness of its implications for our nation, particularly in a highly competitive world economy in which the demand for minerals continues to grow, especially in fast growing economies led by China and India."

Cecilia Jamasmie | April 27, 2012 | 2:53 pm

Xstrata pulls out of Donkin Mine project in Eastern Canada

Australian miner Xstrata Coal is pulling out of the Donkin Mine project, which promised to employ as many as 300 people in Cape Breton, Eastern Canada, by 2014.

Cecilia Jamasmie | April 27, 2012 | 1:26 pm

Give me those 6,000 skilled workers – Rio Tinto

Mining giant Rio Tinto launched today an aggressive recruitment campaign to fill 6,000 vacancies across its 30 operations in Australia.

Cecilia Jamasmie | April 27, 2012 | 12:51 pm

Vale’s profits down by almost half – Q1 results

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output.

Cecilia Jamasmie | April 26, 2012 | 4:18 pm

France’s Dassault to acquire Canadian mining software firm Gemcom for $360 million

French software and consulting services group Dassault Systèmes (EPA:DSY) unveiled today its plans to take over Canadian mining software provider Gemcom, in a cash deal worth about $360 million.

Cecilia Jamasmie | April 26, 2012 | 2:58 pm

Barrick sells stake in Russian Highland Gold Mining cheap

Barrick Gold (NYSE:ABX)(TSX:ABX) announced today the sale of its entire 20% stake in Highland Gold Mining Limited (LON:HGM), the AIM-quoted Russian gold producer, at a price of 120 pence per share to undisclosed institutional investors.

Cecilia Jamasmie | April 26, 2012 | 2:40 pm

Should the blood diamond concept be applied to other minerals?

Please go to our Facebook page and let us know if you think the blood diamond concept – where minerals from conflict zones are classified and monitored in a way similar to the Kimberley Process - should be applied to other minerals.

Cecilia Jamasmie | April 26, 2012 | 1:29 pm

Historic verdict: Liberian ex-president Charles Taylor guilty of war crimes and fuelling conflict with blood diamonds

Liberian ex-president, Charles Taylor, was convicted today of war crimes for arming Sierra Leone's rebels in return for blood diamonds during the 1991-2002 civil war by a United Nations-backed court.

Cecilia Jamasmie | April 26, 2012 | 1:11 pm

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