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Nautilus Minerals completes second of three marine mining machines

By: Henry Lazenby     Updated 7 minutes ago Marine mining project developer Nautilus Minerals has completed the second of three machines it needs to mine high-grade polymetallic seafloor massive sulphide deposits at 1 600 m below the surface of the Bismarck Sea, offshore Papua New Guinea (PNG). The TSX-listed pioneer on Friday said... 

Goldcorp and Wabauskang First Nation strikes collaboration accord

By: Henry Lazenby     Updated 43 minutes ago Canadian miner Goldcorp and the Wabauskang First Nation had this week inked a collaboration agreement that paved the way for long-term economic benefits for the north-western Ontario First Nation. The new agreement, which marked Goldcorp's sixth First Nation partnership in Canada, provided a... 

TSX slips as US economic data drags

By: Reuters     Updated 4 hours ago Canada's main stock index declined on Friday as negative sentiment following a sluggish US economic report helped offset gains in commodity prices and resource stocks. Government data showed that US economic growth slowed in the fourth quarter, following two quarters of strong growth. 

Despite low energy prices, Consol Energy expects to grow E&P output 30% in 2015/16

By: Henry Lazenby     Updated 4 hours ago Despite oil prices having tested multi-year lows in recent months that saw many producers scrambling to cut costs in efforts to survive, US oil, gas and coal producer Consol Energy on Friday confirmed that it expected to continue expanding its exploration and production (E&P) division by 30% this... 

Despite low energy prices, Consol Energy expects to grow E&P output 30% in 2015/16

El Teniente mine fire won't hurt copper production – Codelco

By: Reuters     Updated 5 hours ago Codelco does not expect Thursday's fire at its El Teniente mine to affect copper production, the chief executive of the Chilean state-run copper firm told Reuters on Friday. Codelco halted operations at the Colon Alto secondary crushing plant at El Teniente after a fire that lasted around two... 

Codelco to cut 2015 costs by $1bn as copper price plummets

By: Reuters     Updated 5 hours ago World No 1 copper miner Codelco will slash costs by $1-billion in 2015 and cut direct cash costs by $0.193/lb of copper at its operations, CEO Nelson Pizarro said Friday, as the price of the base metal slumped to multi-year lows. Still, none of the Chilean state-run copper miner's large... 

Vedanta plans capex cuts, 'deep restructuring' in Zambia

By: Reuters     Updated 6 hours ago Vedanta Resources, hit by weaker commodity prices, said it planned "hundreds of millions of dollars" in capital spending cuts and deferrals, while looking at a "deep restructuring" of its struggling Zambian copper business. Vedanta spent $1.42-billion on capital projects in year ended June 30,... 

Gold miners continue work to address occupational lung disease compensation issues

By: Creamer Media Reporter      Updated 7 hours ago Mining companies Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold are continuing with measures to tackle issues relating to compensation and medical care for occupational lung disease in the gold mining industry in South Africa. “Further initial... 

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