Pike River Coal has reported a $NZ1.14 million ($A933,050) loss for the year to the end of June, which the company said reflected the development phase of its new mining operation and related one-off costs.
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Sherwood Copper Corp. (TSXV:SWC), operator of the Minto copper-gold mine in the Yukon, narrowed its quarterly loss to $200,000 from $21.3 million in the period last year.
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Hathor Exploration Ltd. stock soared to its highest level in more than a year Thursday after the Vancouver-based company (TSXV:HAT) and its partner announced promising assay results from summer drilling at a uranium property in Saskatchewan.
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Caterpillar Inc. expects record sales this year as booming demand for construction and mining equipment in China and other emerging economies offsets weakness in its home U.S. market, its chairman said Thursday.
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Lundin Mining Corp. (TSX:LUN) says it hasn't received any notice of changes for its Tenke project from the Democratic Republic of the Congo, despite media reports that the country wants to up its stake in the copper-cobalt property.
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A large and valuable deposit of high-grade germanium, a scarce silicon-like mineral used to make semiconductors and fibre optic cables, has been uncovered by an Australian company.
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High River Gold Mines Ltd. (TSX:HRG) said Tuesday that a plan that would have seen a Russian conglomerate take a nearly one-third stake in the Canadian gold miner has been cancelled due to market conditions.
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Nova Scotia-based Gammon Gold (TSX:GAM) has settled a lawsuit from a U.S. metals investment firm that alleged Gammon overstated gold production figures at its Mexican mines.
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Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron, aluminum and other metals.
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Coro Mining Corp. (TSX:COP) has struck a deal with a new Dundee Corp. (TSX:DC.A) subsidiary to finance purchase of a copper mine in Chile, the company said Friday.
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Cameco Corp. (TSX:CCO) said Friday it will spend US$28 million for an 11 per cent stake in Govi High Power Exploration Inc., a company with uranium exploration assets in Niger.
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The Canadian corporate giants dominating Alberta oil sands extraction and refining lobbied the federal government intensively this summer, federal records show.
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HudBay Minerals Inc. (TSX:HBM) said Thursday that it plans to close its Balmat zinc mine and concentrator in New York, a move that will affect about 200 workers.
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Russian steel and industrial conglomerate OAO Severstal (LSE:SVS) plans to acquire a US$1.3-billion Pennsylvania coal business through a transaction that involves the purchase of a Canadian-listed company that will merge with the U.S. miner.
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A number of deep-pocketed tycoons have descended on the Canadian oilsands in recent months, and while recent visitors Warren Buffett and Bill Gates won't likely make an investment, experts say companies from China, India and elsewhere in Asia could.
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Southwestern Resources Corp. (TSX:SWG) says it has a new partner, Hochschild Mining PLC, which will take over operation of the Liam joint venture in Peru from Newmont Mining (NYSE:NEM).
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Yukon-Nevada Gold Corp. (TSX:YNG), a Vancouver-based miner, says it lost US$5.7 million for the three months ended June 30 as the company was affected by the shutdown of its Jerritt Canyon properties in Nevada because of environmental concerns and lower production.
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Rio Tinto Alcan has awarded joint venture led by engineering giant SNC-Lavalin (TSX:SNC) a $92 million contract for upgrades at its Boyne aluminum smelter in Australia.
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Gazmetall Holding (Cyprus) Ltd, a Russian investment firm, says it has bought a 22-per-cent stake in Nautilus Minerals (TSX:NUS), a Vancouver-based ocean-floor mining exploration firm.
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Centennial Coal Co Ltd, the supplier of 47 per cent of New South Wales' coal-fired electricity, has forecast a significant increase in earnings this year after delivering a rise in annual profit.
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Amazon Mining Holding (TSXV:AMZ) says it will discontinue its Terra Branca diamond project in Brazil because of "adverse market conditions" that have made it difficult to sign a joint venture.
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Lihir Gold Ltd says it expects a solid improvement in annual earnings despite volatile gold prices after turning around half year profit into the black on lower output volumes compared with the previous corresponding period.
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Newcrest Mining Ltd, Australia's biggest gold company, has delivered a record annual profit and says it is being sought after by third parties to partner on projects as the credit crisis squeezes access to funding.
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The Pembina Institute is pulling its support from an eight-year-old oilsands management association it has deemed ineffective and in need of a complete overhaul.
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Southern Pacific Resource Corp. (TSXV:STP) has announced an independent evaluation of its oilsands leases that the company says is 4.5 times higher than an estimate issued in June by its management.
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The Sakatchewan government has turned down several bids for oilsands exploratory permits in the province, including one from Access Energy Inc., saying it has none were acceptable.
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BHP Billiton Ltd, the world's biggest mining company, is set to deliver a record annual profit in excess of $US15 billion ($A17.26 billion), underpinned by a strong result from its petroleum division.
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Marathon Resources Ltd says it aims to prove the company can be "responsible participants" in the mining industry after drilling at a South Australian uranium project was suspended following the incorrect disposal of waste.
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Cameco Corp. (TSX:CCO) is reducing its 2008 uranium production target by one million pounds due to delays expanding some of its mines, while assuring analysts that flooding may further delay startup at Cigar Lake but won't prevent it from supplying its customers.
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Zinc miner Terramin Australia Ltd says it is not operating at a loss unlike some of its peers and that the metal's price will recover from its low levels in coming months.
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Saskatchewan-based uranium producer Cameco Corp. (TSX:CCO) says it's not concerned about a drop in revenue and profit in the second quarter as the company forecast a drop in expected production of about one million pounds this year over delays in expanding some of its mines.
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Western Canadian Coal Corp. (TSX:WTN) said strong coal prices helped it achieve record earnings in the first quarter ended June 30, despite a drop in production.
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Shares in Cameco Corp. (TSX:CCO) dropped more than five per cent Wednesday morning after the company reported increased rates of water flowing into its flooded Cigar Lake uranium mine.
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In the latest snag to hit Canada's refining industry in the past year, Petro-Canada (TSX:PCA) said of some of its stations in Alberta and the B.C. Interior are running out of gasoline because of problems at its Edmonton refinery.
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The world's biggest aluminum producer, Rusal, said Wednesday it was suing oil firm Lukoil in a Russian court for cutting the supply of oil coke to Rusal's plants by almost half.
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British mining company Lonmin PLC ramped up its defence against a hostile US$10 billion takeover approach from Anglo-Swiss miner Xstrata PLC on Wednesday, telling shareholders that the offer does not recognize its potential for growth.
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Timminco Ltd. stock fell 25 per cent in heavy volume Tuesday, in the first trading since the Toronto-based specialty metals producer (TSX:TIM) announced quarterly production output that underwhelmed analysts.
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Bradken Ltd, a supplier of equipment and services to the rail and mining industries, has forecast continued strength in the resources sector after delivering a rise in net profit for 2007/08.
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The global shortage of platinum is not being reflected by the low price of the precious metal, says explorer and budding miner Platinum Australia Ltd.
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Rio Tinto Ltd has completed the sale of its Kintyre uranium project in Western Australia's East Pilbara region to Canada's Cameco Corporation and Japan's Mitsubishi Development Pty Ltd.
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Coal miner Felix Resources Ltd says it will not begin developing its $400 million Moolarben project in New South Wales until a legal dispute with Swiss giant Xstrata ...
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