Contura Energy, Alpha Natural Resources to rejoin forces

Coal producers Contura Energy and Alpha Natural Resources have signed a definitive deal to merge the two entities that were split after Alpha filed for Chapter 11 bankruptcy protection in August... 

MGX looking forward to booking first revenue by Oct as commercial petrolithium plants deploy

Budding energy metals producer MGX Minerals is looking forward to generating its first revenues later this year as the first commercial petrolithium extraction systems deploy to sites in Utah and... 

Cameco swings into the black as it focuses on what it can control – Gitzel

Canadian uranium major Cameco is settling into a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President... 

BC govt court case another ‘stall tactic’ to block Trans Mountain expansion – CAPP

A reference court case brought by the environment-focused minority provincial government of British Columbia that seeks a confirmation of the province's constitutional rights to defend against the... 

OceanaGold’s q-o-q profit cut in half on weak output

Multinational miner OceanaGold’s TSX-listed equity tread water on Thursday after the company on Thursday reported a 50% drop in first-quarter profit over the prior period. The TSX- and ASX-quoted... 

Vale achieves best-ever quarterly sales in Q1

Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The... 

Nevada Copper hires new CEO

Development company Nevada Copper has appointed former Barrick Gold senior executive Matthew Gili as its new president and CEO, the company announced on Wednesday. The TSX-listed company’s... 

Peabody shares trade lower as profit declines; board expands $1bn share buyback plan

US coal producer Peabody Energy has reported a 10% slide in first-quarter earnings, despite a 10% improvement in revenues and a board decision to expand the share buyback programme from... 

New Gold tumbles as Rainy River issues rain on Q1 earnings parade

Canadian miner New Gold has reported disappointing first-quarter earnings as lower-than-expected gold grade, gold recovery and ore throughput at Rainy River combined with higher than expected... 

Vale’s Q1 earnings slump despite record sales volumes, as price tumbles

Brazilian diversified miner Vale – the world’s largest producer iron-ore – has reported a bigger than 36% drop in profit attributable to shareholders for the three months ended March 31. The Rio de... 

Goldcorp earnings slide on lower output, sales

Canadian mining major Goldcorp has reported a sharp drop in first-quarter profit, as higher gold prices failed to offset lower production, sales and rising costs. The Vancouver-based miner reported... 

Sherritt narrows Q1 loss as metals prices jump

Canadian diversified miner Sherritt International has reported a narrower first-quarter headline loss of C$14.7-million, or C$0.04 a share, compared with a loss of C$82.7-million, or C$0.28 a... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to... 

Freeport stock tanks on disappointing Q1 earnings, Indonesia fears

US diversified miner Freeport McMoRan’s (FCX’s) NYSE-listed stock lost as much as 17% on Tuesday following disappointing first-quarter financial results and a lowered copper production outlook.... 

Teck profit rises on strong copper, zinc price and volume gains

Higher copper and zinc prices and improved copper sales volumes that were driven by higher output, have contributed to lift Canada’s largest diversified miner’s first-quarter profit by 15%, the... 

Caterpillar ups profit outlook on doubling Q1 headline profit, record earnings

Global mining and construction equipment manufacturer Caterpillar has reported record first-quarter profit as strength in many of its end-markets and a strong emphasis on cost control boosted... 

Barrick beats Q1 earnings call; halves debt in 3yrs

Canadian mining major Barrick Gold's Porgera Joint Venture mine, in Papua New Guinea, is still operating at only 25% of capacity following a 7.5 magnitude earthquake that struck the island on... 

eCobalt preconstruction activity ramps up

Preconstruction activities for eCobalt Solutions’ Idaho Cobalt Project (ICP) are ramping up with components for the water treatment plant starting to arrive on site, the company reported on Monday.... 

Ivanhoe reaches Platreef Shaft 1 milestone 750 m below surface

Blockbuster mine developer Ivanhoe Mines has reached a significant development milestone at its Platreef platinum/palladium/ gold/nickel/copper discovery on the northern limb of South Africa’s... 

BHP, Vale given a further 66 days to resolve Samarco dam failure dispute

A Brazilian federal court has given mining giants BHP and Vale an additional 66 days to resolve a multibillion-dollar settlement regarding their joint venture Samarco mine’s tailings dam failure in... 

First Centenera drill hole hits strong Cu/Au mineralisation at Esperanza

The maiden drill hole at junior explorer Centenera Mining's Esperanza project, in Argentina, has hit strong copper and gold mineralisation from surface to about 166 m. The Vancouver-based company... 

Workers down tools at Tahoe’s La Arena mine

Dual-listed precious metals producer Tahoe Resources has reported that a labour strike at its La Arena mine, in Peru, has impacted the operation since Friday. According to the Vancouver-based... 

Motlanthe joins Ivanhoe board

Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity,... 

Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in the mining, construction and industrial markets. "We... 

Denison outlines more high-grade mineralisation at Gryphon

Uranium explorer and development company Denison Mines has discovered more high-grade uranium ore 600 m and 1 km to the northeast of the Gryphon uranium deposit, on the company’s 63.3%-owned... 

Phoenix Global PEA lifts Idaho-based Empire mine output 16%

A preliminary economic assessment (PE) of LSE-quoted project developer Phoenix Global Mining’s historic Empire mine, in Idaho, has outlined a 16% improved production scenario over previous... 

Semafo’s Boungou mine 91% complete

Montreal-based miner Semafo reported on Thursday that construction of the Burkina Faso-based Boungou mine, in Burkina Faso, is 91% complete, and 10% of the equipment has already been commissioned.... 

B2Gold’s Fekola update continues to demonstrate potential for larger openpit

Gold producer B2Gold has extended mineralisation at its Fekola mine 1 km to the north, with the positive drill results continuing to indicate potential for a larger openpit operation, that could... 

Kinder Morgan pipeline expansion investment untenable – CEO

The CEO of Kinder Morgan Steven Kean has conceded that the C$7.4-billion twinning of the existing Kinder Morgan crude oil pipeline between Alberta and British Columbia “may be untenable for a... 

Hochschild shares rise on higher Q1 output

LSE-listed Hochschild Mining has reported higher-than-expected first-quarter production, as record output at the Inmaculada mine, as well as a strong result from the Pallancata mine – both located... 

Union workers reject Rio-owned IOC offer

The United Steelworkers Union (USW) Local 5795/6731, in Labrador City, rejected the latest labour offer proposed by Rio Tinto’s majority-owned Iron Ore Company of Canada (IOC) and the USW... 

Poll shows divided British Columbia opinions for/against Kinder Morgan pipeline expansion

A slim majority of Canadians and British Columbians have come forward in favour of the proposed twinning of Kinder Morgan’s diluted bitumen pipeline connecting Canada’s Alberta oil patch with new... 

Northcliff hopeful of ‘timely conclusion’ of Sisson permitting

Project developer Northcliff Resources is hopeful for a timely conclusion of the amendment process of the applicable metal mining effluent regulations, in consultation with all stakeholders and led... 

Callinex lifts Nash Creek resources in New Brunswick’s Bathurst Camp

Base metals-focused Callinex Mines has reported a substantial resource increase at the near-surface Nash Creek deposit, in New Brunswick’s Bathurst Mining Camp. The Canadian National Instrument... 

Star Diamond’s Saskatchewan projects shine with C$2bn after-tax NPV

The TSX-quoted equity of project developer Star Diamond (formerly Shore Gold) closed in the black on Monday after a preliminary economic assessment (PEA) on its fully-owned Star-Orion South... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output

Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The... 

Copper Mountain lifts Q1 output 10%

British Columbia-focused miner Copper Mountain Mining has reported strong results for the first calendar quarter, as it battled abnormal volumes of snow and a brief power outage to keep production... 

Largo eyes 25% Maracás Menchen capacity increase, plant improvements

Vanadium producer Largo Resources is looking to increase the production capacity at its flagship Maracás Menchen mine, in Brazil’s Bahia state, by 25% from the current 800 t/m to 1 000 t/m, it said... 

Nemaska secures $150m streaming deal with private lender Orion

Quebec-based lithium producer Nemaska Lithium has secured a $150-million streaming financing deal with private lender Orion Mine Finance Group. Under terms of the streaming deal, Orion will take... 

Gensource offtake MoUs signal supply malaise in N American potash market

The fact that junior Canadian start-up Gensource Potash has been able to secure two memoranda of understanding (MoUs) from separate US offtake partners that support the establishment of a new and...