North America

32 miners are still trapped underground after a piece of equipment caught fire Sunday afternoon at Vale's nickel mine in Manitoba, Canada according to press reports.   39 workers sought shelter in safe rooms under ground as a result of the the blaze sparked by a load-haul-dump being operated remotely.…
The four-year-long bear market in metals stocks has resulted in an historic opportunity for investors, says Rick Mills, the owner and host of Ahead of the Herd.com. In this interview with The Gold Report, he explains that gold and other metals must rise as supply falls, so that when the…
Goldcorp will receive $20 million in cash from Premier Gold Mines in exchange for its 40% stake in the Nevada-based South Arturo Mine Project, an advanced exploration project.   Goldcorp will put some of the money towards a private placement with Premier, C$12.5 million. Goldcorp (NYSE:GG) will also receive a…
SunCoke Energy is to implement a phased plan to scale-back its coal mining business in a bid to focus on its core competencies of processing and handling raw materials for industrial customers.   SunCoke Energy chairman and CEO Fritz Henderson said: "While we plan to continue pursuing opportunities to sell…
Rio Tinto and BHP Billiton have received clearance from the US Congress to swap land with the government, allowing the companies to build a $6bn copper mine in Arizona.   The core of the legislation is exchanging 2,400 acres of land above the copper deposit, which is federally owned, for…
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