R/€ = 14.61 Change: -0.04
R/$ = 12.48 Change: -0.03
Au 1294.66 $/oz Change: 1.86
Pt 906.00 $/oz Change: 2.49


Metals billionaire to win whether electric cars boom or bust

By: Bloomberg     22nd November 2017 There are two major reasons mining billionaire Vladimir Potanin is within a hair’s breadth of regaining his ranking as Russia’s richest tycoon this year. One is higher prices for nickel used in batteries as metals traders bet electric vehicles are the future of transportation. The other is a... 

Rio's quest to add more diamonds takes hunt to Canadian forest

By: Bloomberg     18th July 2017 Rio Tinto Group’s pursuit of new diamond output to tap rising demand in Asia is focusing on an unheralded exploration project in the Canadian forest. The world’s second-biggest miner on Tuesday added the Fort a la Corne joint venture, about 60 kilometers (37 miles) east of Prince Albert in... 

Dominion is said to seek sweeter deal from Montana billionaire

By: Bloomberg     15th July 2017 Canada’s Dominion Diamond Corp is hoping Montana billionaire Dennis Washington will cough up a little more cash to buy the world’s third-largest producer of rough diamonds by value. However, the company – which has put itself on the block twice in the past two years – says there’s no guarantee a... 

Modular plant assists remote mine in accelerating gold production

By: Ilan Solomons     5th May 2017 The first two gold pours were successfully completed in February by Canada-based emerging gold producer TMAC Resources, at its Doris mine and mill complex at the Hope Bay gold project, which is located in the Arctic Circle of Nunavut, in Canada. Mineral processing equipment manufacturer Gekko... 

Contract miner dies at Agnico Eagle’s Kittilä mine, Finland

By: Henry Lazenby     16th December 2016 A contractor has died in a mining accident at TSX- and NYSE-listed Agnico Eagle’s Kittilä mine, in northern Finland. The miner said Thursday that the accident occurred underground on level 325 of the mine, however, details and exact cause are not yet known. 

Shell Canada donates controversial offshore Nunavut exploration licences to NGO

By: Henry Lazenby     8th June 2016 The Canadian arm of Royal Dutch Shell has donated about 860 000 ha of offshore exploratory permits in the waters of Baffin Bay, near Lancaster Sound, to nonprofit organisation Nature Conservancy of Canada (NCC), in support of the establishment of a national marine conservation area off the coast... 

Kittila mine, Finland

By: Sheila Barradas     14th August 2015 A gold mine, located in the Lapland region of northern Finland, about 900 km north of Helsinki and 150 km north of the Arctic Circle. 

Mining in the Extreme: Why USA/Canadian skills at a premium for cold weather mining

18th March 2014 Despite the plunge in commodity prices, some of the countries that continue to prosper within the mining sector, such as Mongolia and Kazakhstan, are also those where every day temperatures can drop to minus 45 C, which gives rise to a whole new set of challenges for the Mining sector. With... 

Mozambique’s coal contribution, Australia’s cost disadvantage, Petra funds diamond expansions

By: Martin Creamer     23rd November 2012 Coal has become Mozambique’s number two export earner; project costs in Australia have risen faster than elsewhere; and diamond miner Petra has secured new debt facilities to make the funding of its expansions more "comfortable". 

Gold fever infects sporting enthusiasts

2nd November 2012 Gold panning – a traditional form of individualistic mining that extracts gold from placer deposits using a pan – is an activity largely associated with the bygone era of the famous Californian, Australian, Canadian and South African gold rushes of the nineteenth century. It conjures up images of... 

NRC receives funding commitment to unearth new Nunavut projects

By: Henry Lazenby     27th September 2012 A long-term vision for the economic inclusion and direct participation in the resources sector of the Inuit people of Canada’s newest territory Nunavut was one step closer to realisation, with a funding commitment, on Wednesday, by the Kitikmeot Inuit Association (KIA), which set in motion the... 

Harry Winston Q1 profit soars to $11.6m

By: Henry Lazenby     7th June 2012 Diamond miner and luxury goods producer Harry Winston on Wednesday reported a 200% increase in first-quarter profit to $11.6-million on the back of increased rough sales and renewed interest in luxury goods. The Toronto-listed company said rough diamond sales increased by 43% to $89-million for... 


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