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US Mint gold coin sales weakest for January since 2008

By: Reuters     Updated 55 minutes ago US Mint American Eagle gold coin sales in January rose from December but were the lowest for that month since 2008, as a rally in prices discouraged collector buying in what is typically a period of peak demand, data showed on Friday. The US Mint sold 81 000 oz of gold bullion coins this month,... 

Brazil's Vale halves 2015 dividends as iron-ore prices fall

By: Reuters     Updated 57 minutes ago Brazilian miner Vale proposed on Friday to pay dividends of $2-billion this year, less than half the $4.2-billion it distributed in 2014, amid falling prices of iron ore and other base metals. The company intends to pay $0.388095186 per outstanding common and preferred share in two equal... 

Two Alpha Coal affiliates to once more idle W Virginia coal mines

By: Henry Lazenby     Updated 1 hour ago US coal miner Alpha Natural Resources on Friday announced that two of its operating affiliates had given employees notice that certain West Virginia coal mines were being idled in response to sustained weak market conditions and increasingly stringent federal government regulations. In compliance... 

Flawed design fingered in Mt Polley tailings dam failure

By: Henry Lazenby     Updated 1 hour 39 minutes ago British Columbia will immediately act on seven critical recommendations of an independent panel that investigated the tailings storage facility (TSF) failure that took place early in August last year at Canadian base metals miner Imperial Metals’ Mount Polley copper/gold mine and launch a code... 

Flawed design fingered in Mt Polley tailings dam failure

Nautilus Minerals completes second of three marine mining machines

By: Henry Lazenby     Updated 2 hours 25 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 3 hours 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 6 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 6 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

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