Gabriel Resources Ltd. (TSX:GBU) has posted a first-quarter profit of $11 million, reversing a year-ago loss of $2.5 million thanks to foreign exchange gains.
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Gammon Gold Inc. (TSX:GAM) reported Wednesday a first-quarter profit of US$8.5 million, reversing a year-earlier loss of $10.3 million as revenue rose to $51.4 million from $43.5 million.
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AMEC plc, an international engineering and project management company, says it has struck a deal to acquire Bower Damberger Rolseth Engineering Ltd., a specialist in-situ oilsands operations, from its owner-managers for Can$45 million in cash.
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Greg Wilkins, on leave as chief executive of Barrick Gold Corp. (TSX:ABX) for health reasons, still delivered an upbeat message to shareholders Tuesday, saying demand from emerging markets and lack of new mines will keep gold prices high.
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AMEC plc, an international engineering and project management company, says it has struck a deal to acquire Bower Damberger Rolseth Engineering Ltd., a specialist in-situ oilsands operations, from its owner-managers for Can$45 million in cash.
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Taxpayers will subsidise the fuel bill of mining giant BHP Billiton by more than $100 million to help it work the world's largest uranium deposit, a conservation group claims.
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Macarthur Coal Ltd, the supplier of more than a third of the world's pulverised coal, said discussions with a third party were continuing after a takeover approach late last month.
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The company behind a giant oilsands plant in northern Alberta has taken out full-page ads in several Canadian newspapers to apologize for the deaths of an estimated 500 ducks that landed on a toxic wastewater pond near Fort McMurray, Alta., earlier this week.
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Northgate Minerals Corp. (TSX:NGX), a Vancouver-based gold and copper producer, has posted first-quarter net earnings of $20.4 million, up from $9.4 million in the same quarter last year.
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Hundreds of migrating ducks are dead or dying after landing on a tailings pond owned by Syncrude Canada Ltd. and ice surrounding the small lake full of toxic sludge is hampering rescue efforts.
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Cornerstone Capital Resources Inc. (TSXV:CGP) and Newmont Ventures Ltd. (NYSE:NEM) have declared force majeure on their Macara project in Ecuador after that country's government suspended industry activity for six months.
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Yukon Zinc Corp. (TSXV:YZC) said Wednesday that London-based Griffin Mining Ltd. does not plan to increase its takeover offer for the company in the face of another richer cash bid from a pair of Chinese companies.
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Centerra Gold Inc. (TSX:CG) and parent Cameco Corp. (TSX:CCO) agreed Monday to extend a deadline for agreements with government of the Kyrgyz Republic regarding the Kumtor mine.
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Canadian Oil Sands Trust (TSX:COS.UN), the largest partner in the Syncrude oilsands project, says a big jump in cash flow, net income and revenue during the first quarter has allowed it to increase its quarterly distribution by a third to $1 per unit.
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One of the Greenpeace protesters who disrupted Premier Ed Stelmach's speech to a Tory fundraising dinner is a member of the constituency staff for a New Democrat member of the legislature.
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Major French oil company Total SA is expanding its presence in the Canadian oilsands with a Can$478-million bid for Synenco Energy Inc. (TSX:SYN) that could accelerate development of the Northern Lights project.
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Silvercorp Metals Inc. (TSX:SVM) plans to acquire Yangtze Mining Ltd. in China from Yangtze Gold Ltd. in a cash-and stock deal worth $61.95 million.
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Nevoro Inc. (TSX:NVR) announced plans to buy Sheffield Resources Ltd. (TSXV:SLD) and its Moonlight copper project in Nevada in a share-swap deal worth about $17 million.
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Shares in mining companies active in Ecuador perked up Friday after their executives conferred with President Rafael Correa and said he assured them that "responsible" mining will be allowed in the South American country.
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Western Canadian Coal Corp (TSX:WTN), a Vancouver-based miner, says it has received US$30 million in bridge financing from Audley European Opportunities Master Fund Ltd.
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Noront Resources Ltd. (TSXV:NOT) says "laboratory failures" has resulted in unacceptable quality control on all the core samples done so far from its Double Eagle project in northern Ontario.
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Russia's United Company Rusal, the world's largest aluminum company, said Thursday that it has bought a 25-per cent stake in MMC Norilsk Nickel, the planet's largest nickel and palladium company.
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Reaping the benefits of record-high oil prices, Suncor Energy Inc. (TSX:SU) said Thursday it netted $708 million during the first quarter of 2008, up from a year-ago $576 million.
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Rio Tinto Ltd has reiterated the inadequacy of a $US170 billion ($A179.36 billion) bid to take over the group by BHP Billiton Ltd, after the chief executive of its rival launched a stinging attack.
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The province can't stop mining companies from staking claims to Crown land while the Liberals go through the slow process of overhauling the 100-year-old Mining Act, the government said Thursday amid calls for an immediate moratorium on industrial activity on traditional First Nations territory.
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Potash Corp. of Saskatchewan Inc. (TSX:POT), as expected, reaped record earnings in the first quarter with net income of US$566 million, up by more than 180 per cent from $198 million a year earlier.
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Newmont Mining Corp., one of the world's top gold producers, says its first-quarter earnings surged as gold prices spiked amid weakness in global financial markets and the U.S. dollar.
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Mining and metals company Teck Cominco Ltd. (TSX:TCK.B) is predicting record earnings in the coming quarters due to strong demand for resources in China, and despite a U.S. economic downturn.
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Lundin Mining Corp. (TSX:LUN) disclosed Wednesday that costs are spiralling higher at the Tenke copper-cobalt project under construction in the Democratic Republic of Congo.
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Teck Cominco Ltd. (TSX:TCK.B) said Monday it earned $345 million in its first quarter, down from a year ago, but added that strong coal and metal prices were expected to boost earnings in the second half of the year.
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London-based Griffin Mining Ltd. (LSE:GFM) has agreed to acquire Yukon Zinc Corp. (TSXV:YZC) in stock-swap deal that values the Canadian miner at about $93.9 million.
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Fording Canadian Coal Trust (TSX:FDG.UN) units declined more than three per cent from a record high Tuesday after the trust reported a bare $500,000 in first-quarter net income, down from $76.8 million a year earlier, as revenue declined to $332 million from $350 million.
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Husky Energy Inc. (TSX:HSE) boosted its first-quarter net income by more than a third to $887 million and raised its dividend by 21 per cent Monday as higher crude prices more than offset a decline in production.
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Striking contract workers at Chile's copper giant Codelco stepped up their protests Friday, blocking access to mines and attacking buses carrying miners.
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Canadian coal producers will enjoy the benefit of high coal prices for the coming year as those soar to record levels, but while the increases will give producers' projects a boost, it won't lead to the takeover frenzy that has consolidated the iron, steel and base metal sectors.
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First Quantum Minerals Ltd. (TSX:FM) is jumping from Africa into Finland with an agreement to take over Scandinavian Minerals Ltd. (TSX:SGL) in a deal valued at Can$281 million.
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Macarthur Minerals Ltd. (TSV:MMS) has sold a 30 per cent stake in its Lake Giles iron-ore project in Western Australia to LPD Holdings (Aust) Pty for C$9 million.
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Acadian Mining Corp. (TSX:ADA), a junior mineral developer based in Halifax, says it plans to spin off its gold exploration properties into a new publicly traded company.
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ATW Venture Corp. (TSXV:ATW) has finalized an agreement to buy the Gullewa gold-copper project in Australia from Batavia Mining Ltd. (ASX:BTV) for A$13 million payable over three years and two million ATW shares.
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A legendary politician who led Alberta during its last oil and gas boom is warning Saskatchewan's government about rushing into development too quickly.
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A power transmission line in northern B.C. could help create thousands of jobs and attract billions in investment, the group pushing for the development of the Northwest power line said Wednesday.
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Saskatchewan potash producers have won a US$400-a-tonne price increase for this year's sales to massive Chinese buyer Sinofert Holdings Ltd., a move that lifted the shares of Canadian and U.S. fertilizer producers on Wednesday.
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Freeport-McMoRan Copper & Gold Inc.'s top two executives more than doubled their compensation last year as precious metals prices soared and company stock doubled.
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Oil prices set yet another intraday trading record Tuesday, surging close to US$114 a barrel as the U.S. dollar fell and crude oil shipments along one U.S. pipeline were said to be moving below capacity.
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The federal Securities and Exchange Commission is accusing two men in Nevada of orchestrating a stock scheme that reaped millions of dollars selling penny shares in a bogus diamond and gold mining company.
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