European Stocks Follow Wall Street Higher Wall Street Journal By MICHELE MAATOUK | European stocks opened higher Monday, taking their cue from a late rally on Wall Street Friday. | The U.K. FTSE 100 index rose 0.9% to 5106.10, Germany's DAX advanced 1.1% to 5491.91 and France's CAC-40 gained 1.2% to 3605.87. | Mining companies were leading gainers in London, w...
Australia to focus on high skills, cancels 20K visas IBN Live Canberra: Australia will dump 20,000 low-skilled migrant applications to re-focus its immigration intake on high-skilled jobs critical to the economy and help meet growing Chinese resource demand, the government said on Monday. | The move was welcomed by Australia's mining sector, where major firms ...
Nevsun raising $117m in private placement; to issue 52m common shares Metals Place | Nevsun Resources Ltd. says it plans to raise $117 million in a private placement aimed at developing its Bisha gold and base metals mine in Eritrea. | The private placement of 52 million shares at $2.25 per share is scheduled to close on or before ...
Canadian mining companies combine their silver assets into new firm Metals Place | Four Canadian mining companies have agreed to combine their silver assets into a new company called Silver Predator Mines Inc. | Included in the share-swap agreement are Golden Predator Royalty & Development Corp. and Strategic Metals Ltd. and ...
CAW disputes Timmins closures CBC | The CAW is calling on the federal and Ontario governments to push Xstrata PLC to justify its decision to shutter parts of its Kidd Mine in Timmins, Ont. | The mining giant said last December that it plans to closes its copper and zinc operations in...
Video: Australia signs huge coal deal Business Report | Submit your comment | Australian mining firm Resourcehouse secures a deal worth $60 billion (R465 billion) to supply coal to Chinese power stations. | Hayley Platt reports. | ...
Web: State finds First Uranium broke the law Business Report | By Asha Speckman | Submit your comment | First Uranium’s application for an environmental authorisation licence was withdrawn because it had contravened law and begun development of its minewaste tailings processing facility at its Ezulwini ...
Australian Greens question China coal deal Business Report | Submit your comment | A massive Australian coal export deal with China, seen as boosting the economy and creating jobs, would ultimately result in enormous greenhouse gas emissions, The Greens political party said. | Australian miner Resourc...
Poor Eritreans increasingly joining gold rush The Guardian * High gold price encourages villagers to mine * Some artisanal miners use mercury to extract gold By Jeremy Clarke ASMARA, Feb 4 (Reuters) - More than a dozen foreign mining firms...
Bernanke who? Asia Times | By Julian Delasantellis | The cliche expressing the experience of being "the canary in the coal mine" may be famous, but that doesn't mean it's all glory and accolade for the poo...
JSE buoyed by firmer metal prices Business Report | Submit your comment | The JSE was firmer in midday trade on Monday, buoyed by stronger resource counters amid higher metal prices. | At noon, the JSE all share index was 1.27 percent firmer, with resources gaining 2.41 percent, platinum mine...
Randgold's attributable production up Business Report | Submit your comment | London listed Randgold Resources on Monday reported attributable gold | production of 488 255 ounces - a rise of 14 percent - boosted by a strong fourth | quarter performance from Loulo, where the recently completed pla...
Botswana predicts return to growth in 2010/11 Business Report | * Economy seen expanding 5 pct in 2010/11 | Submit your comment | Botswana's economy should return to growth in the financial year to June 2011, lifted by a gradual recovery in global diamond sales, Finance Minister Kenneth Matambo said on M...
Angloplat's $1.6bn rights issue backed by owner Mineweb JOHANNESBURG (Reuters) - | Mining bellwether Anglo Platinum said it would pay off most of its debt via a $1.6 billion rights issue backed by its owner, and forecast its markets would turn around in 2010, sending its shares higher. | Anglop...
