Grizzly buys estimated 100,000 bpd May River property for $225 million

Calgary-based oil sands exploration and production company Grizzly Oil Sands on Tuesday announced that it has closed the acquisition of the May River property from Petrobank Energy and Resources  for gross cash proceeds of  $225 million.

MINING.com Editor | February 28, 2012 | 8:02 pm

Lynas website hacked as thousands protest Malaysia rare earth plant

Thousands of protesters have been converging on Lynas Corporation's new rare earths processing facility in Malaysia according to reports. The Australian producer's website was also hacked over the weekend.

MINING.com Editor | February 28, 2012 | 1:35 am

CyPlus opens new cyanide transloading station in Ciudad Obregon, Sonora, Mexico

CyPlus GmbH and Evonik Degussa Mexico, both subsidiaries of Evonik Industries AG in Germany, officially announce the opening of its cyanide transloading station for CyPlus® Solid-to-Liquid Containers at its warehouse and logistics center in Ciudad Obregon, Sonora in spring 2012.

MINING.com Editor | February 27, 2012 | 5:21 pm

Dragflow details its range of pumps and dredges

Heavy-duty pumps producer Dragflow published today details on its range of pumps, dredges and equipment for the mining sector, which it has manufactured for more than 25 years.

MINING.com Editor | February 27, 2012 | 3:28 pm

Iron ore derivatives market to reach 100 million tons this year

The global market for derivates based on iron ore could expand to reach 100 million metric tons in 2012, said data provider The Steel Index (TSI).

MINING.com Editor | February 22, 2012 | 7:41 pm

China has invested $14 billion in the oil sands, and that’s a good thing

A think tank is pushing back against the perception that Chinese firms are locking up Canadian resources, but rather are providing an important financial boost to the sector.

MINING.com Editor | February 22, 2012 | 6:22 am

Grizzly finds potash in Alberta, investors find somewhere else to put their money

On much heavier volumes than usual Grizzly Discoveries shed 3c or 6.52% by midday Tuesday. Before the market open the Edmonton-based company announced a potash discovery near Medicine Hat in Alberta Canada that wasn't as exciting as investors had clearly hoped – drilling yielded potash grades up to 31.1% K2O, but only over 0.3 metres.

MINING.com Editor | February 21, 2012 | 6:30 pm

Caledonia gives 51% of Blanket to indigenous Zimbabweans

Caledonia Mining announced on Monday it has signed a deal with the Zimbabwe government to sell 51% of its Blanket mine to indigenous Zimbabweans for $30 million. The purchase price will be paid to Caledonia from future Blanket dividend payments.

MINING.com Editor | February 20, 2012 | 7:47 pm

Vale profits fall 21% after bending to Chinese steelmakers

Vale is the world's largest producer of iron ore and a top nickel miner, reported a quarterly net profit of $4.67 billion, compared to $5.9 billion in the same quarter last year.

MINING.com Editor | February 16, 2012 | 1:27 am

Avrupa acquires porphyry copper gold target exploration license in Kosovo

Avrupa Minerals Ltd. (TSX VENTURE:AVU) on Tuesday announced the acquisition of the Koritnik porphyry Cu-Au exploration license in southern Kosovo.

MINING.com Editor | February 14, 2012 | 9:15 pm

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