Cecilia Jamasmie , Senior Editor

Cameco buys Areva’s uranium Millenium Project for $150 million

Cameco Corp. (TSX: CCO; NYSE: CCJ), Canada’s largest uranium company, said it agreed to buy Areva Resources Canada’s 27.94% stake in the northern Saskatchewan-based Millennium project for $150 million. With this acquisition Cameco becomes the majority holder in the proposed uranium mine.

Cecilia Jamasmie | March 2, 2012 | 3:02 pm

Shore Gold shares drop as diamond mine deal falls through

Canadian Shore Gold (TSX:SGF) shares fell dramatically Thursday after the Saskatoon-based company announced it had failed to secure a deal to fund their Star-Orion South diamond project near Prince Albert.

Cecilia Jamasmie | March 1, 2012 | 7:52 pm

Canadian oil sands titans form information-sharing alliance

A group of twelve major Canadian oil sands producers, including some of the world's biggest energy companies, have reached an agreement to share unlimited information on environmental technologies, which sweeps away several intellectual property rights.

Cecilia Jamasmie | March 1, 2012 | 5:11 pm

Glencore International to buy near 8% stake in junior zinc miner Trevali

Canadian junior zinc miner Trevali Mining (TSX:TV) said Thursday Switzerland-based commodities trader Glencore International (LON:GLEN) has agreed to buy a 7.8% stake in the zinc miner through a private placement financing worth US$18 million.

Cecilia Jamasmie | March 1, 2012 | 3:50 pm

Finning to invest US$350 million in Chile this year

Canadian company Finning International Inc. (TSX:FTT), Caterpillar’s equipment distributor in Chile, announced it will invest over US$350 millions in the South American country the year.

Cecilia Jamasmie | March 1, 2012 | 2:44 pm

Bill Clinton’s support to Keystone XL pipeline seen as votes-buying attempt

In a move seen as a clear attempt to build popularity, former U.S. president Bill Clinton called Americans to embrace TransCanada's Keystone XL pipeline, only three days after the Calgary based company announced it was going ahead with the construction of the southern leg through the States.

Cecilia Jamasmie | March 1, 2012 | 2:02 pm

Over a hundred workers in limbo after Firestone Diamonds’ Botswana mine surprise closure

The future of about 160 workers at BK11 diamond mine in Botswana is in the balance after UK-based owner, Firestone Diamonds (LON:FDI), suspended operations yesterday.

Cecilia Jamasmie | February 29, 2012 | 5:59 pm

Chile January copper output tumbled 7.6%

Copper output in Chile, the world's largest copper producer, tumbled 7.6% in the last 12 months to 396,341 metric tons, the National Statistics Institute (INE), a government statistics agency, announced this morning.

Cecilia Jamasmie | February 29, 2012 | 3:27 pm

Chile introduces employment program to encourage women in mining

The Chilean government has launched an innovative employment program that aims to allow more women to work within the mining industry. The program will be launched in the northern regions of Tarapaca, Atacama and Coquimbo to begin with and then spread to other regions later in the year.

Cecilia Jamasmie | February 29, 2012 | 2:07 pm

Scotiabank’s report paints optimistic outlook for copper, zinc and nickel

As Canadian exports of iron ore and uranium to China continue to increase dramatically, Beijing will benefit from higher-quality ore and diversification of supply sources, predicts economist Patricia Mohr in the latest Scotiabank’s Commodity Price Index.

Cecilia Jamasmie | February 29, 2012 | 12:30 pm

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