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World’s first large-scale carbon capture plant launched in Canada

The International Energy Agency (IEA) has welcomed the launch of the world’s first large-scale power station equipped with carbon capture and storage (CCS) technology, describing it as a “historic” milestone on the road towards a low-carbon...
2nd October 2014

Endeavour Mining raises output forecast for Ivory Coast gold mine

Canada's Endeavour Mining will produce around 120,000 ounces of gold at its Agbaou mine in Ivory Coast, up from an earlier forecast of 85 000 oz to 95 000 oz, due to improved ore processing, the company's chief executive said. Production at the...
2nd October 2014

Amara Mining's Ivory Coast gold mine to start production in 2017

Amara Mining will invest $400-million over the next two years to build one of Africa's largest gold mines at its Yaoure property in Ivory Coast with production due to start in 2017, the London-listed company's CEO said on Wednesday. Resources have...
2nd October 2014

Goldcorp eyes 1m oz gold output in Mexican region in 2014

Goldcorp said on Wednesday it expects to produce around one-million ounces of gold in the Mexican region this year, or around a third of the gold giant's total estimated output for 2014. Canada's Goldcorp, the world's most valuable gold miner by...
2nd October 2014

Despite ‘stable’ US coal outlook, more idlings/furloughs expected – Moody’s

Despite providing a ‘stable’ overall outlook for the US coal industry, Moody’s Investors Service this week sketched a rather gloomy scenario for the next 12 to 18 months, pointing to weak fundamentals as thermal coal demand faltered and...
1st October 2014

Mountain Province Diamonds arranges C$100m in private financing

Precious-gem project developer Mountain Province Diamonds on Tuesday announced that it had raised C$100-million in private placements for use in construction of the Gahcho Kué project, located in Canada’s Northwest Territories. The TSX- and...
30th September 2014

Barrick named exclusive metals provider for medals of Toronto 2015 games

The world’s biggest gold producer, Canada-based Barrick Gold on Monday announced that it had been named the Toronto 2015 Pan Am/Parapan Am Games’ official metal supplier. The NYSE- and TSX-listed company would supply all the raw materials used...
29th September 2014

Encana Corp strikes $7.1bn deal to buy US explorer Athlon Energy

Canada's second-largest natural gas producer Encana Corp on Monday revealed that it had struck a $7.1-billion deal that would see it acquire Texas-based Athlon Energy and gain a foothold in the most prolific oil-producing region in North America....
29th September 2014

Peabody urges advanced coal use in energy poverty, emissions fight

In light of the twentieth United Nations (UN) Climate Conference held this week in New York, US coal producer Peabody Energy on Friday urged the greater use of advanced coal to fight energy inequality and improved emissions. The NYSE-listed...
26th September 2014

De Beers investing billions as diamond demand is forecast to outstrip supply

Diamond mining and manufacturing company De Beers Group is making major investments in its business operations as diamond demand is expected to almost outstrip growth in diamond carat production in the next ten years, given the lack of new...
26th September 2014

It’s hit-and-miss for Pangolin Diamonds at Magi, Botswana

Toronto-based explorer Pangolin Diamonds on Thursday revealed that it had recovered four more diamonds from the Magi kimberlitic sandy tuff at its Tsabong North project, in south-west Botswana. The TSX-V-listed company, which was currently...
25th September 2014

Flinders Resources opens graphite mine, doubles EU output potential

Vancouver-based Flinders Resources last week cut the ribbon to its Woxna mine, in central Sweden. The TSX-V-listed company became the first pure play, publicly listed graphite producer after successfully restarting the Woxna operation in July,...
25th September 2014
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