Time is ripe for miners to push cash out to shareholders
Investors are hardly in the mood for risk.
Canadian Mining Journal Staff
Posts by Canadian Mining Journal Staff:
Coal is big business in B.C.
Coal is the second most important resource exported from British Columbia next to wood products. But ask someone in the province how well the forestry industry is doing and you’re likely to be faced with an icy stare. Coal is big business...
CORPORATE SOCIAL RESPONSIBILITY: Obligations in Canada and abroad
Wherever in the world Canadian mining companies go in in the hunt for minerals and their recovery, they take with them a keen sense of corporate social responsibility. That is a relatively new term for what we used to call a company’s...
FINANCING: Dia Bras, Mawson, Robex and Woulfe secure tens of millions of dollars
Mining industry investors are still offering cash, perhaps at a slower pace than the industry would like, to advanced projects around the world. Here are four financings that add up to roughly $145 million.
MINING PEOPLE IN THE NEWS: Barrick Gold
Toronto-based Barrick Gold announced a shakeup of its top management on June 6, 2012. Executive VP and CFO Jamie Sokalsky has been named president and CEO, replacing Aaron Regent. Sokalsky also took Regent’s seat on the board of...
Barrick slides on management changes
Barrick Gold took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead for the miner.
GLOBAL TREND: Mining racks up record profits in 2011, market cap down 25% says PwC report
Despite record profits of US$133 billion in 2011, market capitalization of the Top 40 global mining companies fell by 25%, according to the latest PwC report, Mine 2012:The growingdisconnect. In fact, only six companies out of the Top 40 global...
GOLD STUDY: Hosco deposit hosts 1.66M oz at Joanna project
QUEBEC – Aurizon Mines of Vancouver has received a positive feasibility study confirming the Hosco deposit at the Joanna project 20 km east of Rouyn-Noranda hosts 1.66 million oz of gold. The study was prepare by BBA Inc. with...
GOLD RESOURCE: Timmins Porcupine West 43-101 updated
ONTARIO – Explor Resources, with head offices in Rouyn-Noranda, QC, has updated the 43-101 estimate for its Timmins Porcupine West gold property located in Bristol and Ogden townships, 15 km from downtown Timmins. Contained gold in the...
FUNDING: Lack of funds forces closure of BC Aboriginal Mine Training Association
VANCOUVER - After two and a half years of supplying job-ready candidates to British Columbia's mining sector amid growing labour shortages, the British Columbia Aboriginal Mine Training Association is being forced to close after failing to...
AWARD: Westeel wins product of year honour
WINNIPEG - Westeel, one of Canada’s foremost manufacturers of steel storage products, has won the award for Shop Fabricated Atmospheric Tank of the year from the Steel Tank Institute/Steel Plate Fabricators Association. The 2011 Product...
Kivalliq looking to establish uranium district in Nunavut
VANCOUVER — Kivalliq Energy is cashed-up and moving forward with an ambitious exploration program on its 1,000-km2 Angilak property in Nunavut.
Mining sector urged to invest in skills development, says Multotec
The South African mining and minerals sector relies heavily on skilled engineers, geologists, metallurgists and technical staff to operate efficiently, innovate and […]