Cecilia Jamasmie , Senior Editor

Canadian Oil Sands companies to help financing deadly highway improvements

Canadian Oil Sands companies are asking the government to upgrade the section of Highway 63 north of Fort McMurray, in the province of Alberta, which leads to several oil sands projects.

Cecilia Jamasmie | May 8, 2012 | 1:47 pm

Potash is a diamond in the rough for the Republic of Congo

Australian junior Elemental Minerals (ASX, TSX: ELM), which is developing a potash project in the Republic of Congo, announced it has increased measured and indicated resources at its Kola deposit by 265% to just under one billion tons.

Cecilia Jamasmie | May 8, 2012 | 1:02 pm

Volvo hybrid truck breaks speed record

Swedish company Volvo has built a one-off diesel, hybrid truck that has recently set two world speed records at the Wendover Airfield in Utah, America.

Cecilia Jamasmie | May 7, 2012 | 5:48 pm

Chile’s copper export revenue drops 8% to $3.6 billion in April

Chile’s copper export revenue fell 8% to about $3.6 billion in April 2012, compared to the same period last year, when it was lifted by high prices of the commodity, the country’s Central Bank informed today.

Cecilia Jamasmie | May 7, 2012 | 5:28 pm

Canadian Baja Mining continues to struggle over funding for Mexico project

Canadian miner Baja Mining Corp (TSX:BAJ) said on Monday it won’t be able to continue with its copper/cobalt/zinc project in Mexico beyond mid-June, unless it finds a way to fund cost overruns quickly.

Cecilia Jamasmie | May 7, 2012 | 4:42 pm

China wants to take over the world’s largest undeveloped iron ore project

A private group of Chinese magnates is planning to take away Guinea’s Simandou, the world's largest undeveloped iron ore project, from Anglo-Australian mining giant Rio Tinto.

Cecilia Jamasmie | May 7, 2012 | 4:04 pm

Canada’s Leader of the Opposition targets oil sands again

Canada's Leader of the Opposition, Thomas Mulcair, again attacked the oil sands industry by saying that, because of the way it raises the value of the Canadian dollar, other parts of the country are paying a price for the prosperity enjoyed by natural resource sectors, such as the oil sands in Alberta.

Cecilia Jamasmie | May 7, 2012 | 2:12 pm

Canadian Inmet set to kick off construction at Cobre Panama

Inmet Mining Corporation (TSX:IMN) has launched a $1 billion senior unsecured notes offering as part of a total finance plan for the $6.18 billion copper/gold/molybdenum project Cobre Panama.

Cecilia Jamasmie | May 7, 2012 | 1:37 pm

New Chinese iron ore trading platform debuts tomorrow

The new China Beijing Metals Exchange (CBMX), the country’s first physical iron ore trading platform is set to debut Tuesday, with the major producers of the commodity BHP Billiton (NYSE:RIO), Vale (NYSE:VALE), Rio Tinto (NYSE:RIO) as members.

Cecilia Jamasmie | May 7, 2012 | 1:34 pm

Antofagasta shares hit by copper and gold production falls

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down over 4% at 11:20 ET after the company announced yesterday that its first-quarter copper production fell almost 13% amid rising development and maintenance costs.

Cecilia Jamasmie | May 4, 2012 | 3:49 pm

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