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Barrick Gold Corp to reduce debt with US$298 million from Zijin Mining partnership

Barrick Gold Corp has received US$298 million cash from selling half of its interest in the Porgera mining operation to Zijin Mining Group

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New Millennium Iron Corp shareholders call for drastic changes to directors, expenses

Former market darling New Millennium Iron Corp is embroiled in a nasty proxy fight as disgruntled investors hope to remove directors, cut expenses and improve its disclosure

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Barrick to reduce debt with $298 million from partnership with Zijin Mining

TORONTO - Barrick Gold Corp (TSX:ABX) has received US$298 million cash from selling half of its interest in the Porgera mining operation to Zijin Mining Group Barrick will use the money to reduce its debt

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Rubicon Minerals Corp shares plunge as miner slashes its gold resources by 88%

The junior miner slashed its gold resources by an astounding 88%, confirming Rubicon will go down as one of the worst Canadian mining meltdowns in years

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Potash Corp abandons hostile bid for K+S

Shares in Europe's biggest potash producer plunged today after the Saskatoon-based fertilizer giant withdrew its offer amid weakening market conditions

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Canadian firms cry foul over Kenyan government as Obama visits

Two small companies, Vanoil Energy Ltd and Pacific Wildcat Resources Corp, have begun international arbitration cases against Kenya, claiming they lost access to their properties under very peculiar circumstances

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Barrick to reduce debt with $298 million from partnership with Zijin Mining

Barrick Gold Corp (TSX:ABX) has received US$298 million cash from selling half of its interest in the Porgera mining operation to Zijin Mining Group Barrick will use the money to reduce its debt

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Primero Mining posts loss of $132 million in 1st quarter

VANCOUVER - VANCOUVER, British Columbia (AP) _ Primero Mining Corp (PPP) on Wednesday reported a first-quarter loss of $132 million, after reporting a profit in the same period a year earlier

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Potash Corp cuts outlook and production amid rough market conditions

The potash market remains under pressure as farmers are concerned about economic headwinds and currency volatility Supply, meanwhile, remains very high

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FTSE 100 edges lower as mining shares suffer profit taking

BHP Billiton down as it unveils plans to cut capital expenditure amid metal price fall Continue reading.

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Coal mining company laying off 23 workers in Estevan

A union official says Sherritt International Corp is laying off 23 workers at its coal mines in southeastern Saskatchewan

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Potash Corp slashes earnings guidance, lowers spending amid weak market conditions

Potash, which has already shuttered its New Brunswick operation and curtailed production in Saskatchewan, says it would cut another $100 million in spending

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Kenyan law aimed at luring mining giants sparks resource curse fears

Discovery of minerals, oil, coal and gas spur legal changes that communities say could bring abuses or leave them out of pocket Continue reading.

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La Mancha to acquire 30% stake in Endeavour Mining in strategic partnership

VANCOUVER - La Mancha Holding SARL has a friendly deal to acquire 30 per cent of Endeavour Mining Corp (TSX:EDV) which will get, in return, a majority stake in the Ity gold mine in western Africa plus up to US$138 million in financial commitments

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Coal giant Peabody Energy Corp files for bankruptcy as worst slump in decades takes toll

Founded in 1883, US coal giant Peabody Energy Corp sought help from the courts today, the most powerful convulsion yet in the struggling coal industry

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Fission Uranium Corp, Denison Mines Corp terminate merger agreement

The two junior uranium companies announced Tuesday morning that a 'majority' of Fission shares were voted in favour of the merger, but the total fell short of the required two-thirds needed to close the deal

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Barrick Gold Corp cuts cost guidance, reports solid results

Barrick Gold has cut costs significantly during the bear market of the past three years, positioning it well for this turnaround in prices

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Barrick Gold Corp to face US class-action lawsuit over Pascua-Lama mine project

The suit claims Barrick misstated facts of its now halted Pascua-Lama gold-mine project on the border of Argentina and Chile

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Newmont Mining Corp upgraded as asset deals loom

Newmont Mining Corp was upgraded to outperform from sector perform at RBC Capital Markets due to its strong free cash flow outlook and the potential sale of its Batu Hijau project in Indonesia

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Newmont Mining Corp upgraded as asset deals loom

Newmont Mining Corp was upgraded to outperform from sector perform at RBC Capital Markets due to its strong free cash flow outlook and the potential sale of its Batu Hijau project in Indonesia

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