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Jun 6, 2012

Barrick ousts CEO, aims to spur share price

TORONTO, June 6 (Reuters) – Barrick Gold Corp
, the world’s largest gold miner, has ousted Aaron
Regent as chief executive, saying it was frustrated that its
stock has languished since he took the helm three years ago
while bullion prices have surged.

The company said on Wednesday that Chief Financial Officer
Jamie Sokalsky, a nine-year veteran of the company, will replace
Regent, whose tenure was marred by what some analysts consider
to be strategic mistakes.

May 24, 2012

Risk and reward beckon in Canada’s Ring of Fire

May 24 (Reuters) – A $3.3 billion plan to build North
America’s first major chromite mine deep in the Canadian
wilderness promises to usher in an era of prosperity for the
region’s aboriginals and generate millions of tax dollars over
its lifetime.

Tucked deep into northern Ontario, the Ring of Fire contains
rich mineral deposits that could transform the region much as
the oil sands have transformed Alberta. Much like the oil sands,
it has raised deep environmental and social concerns.

May 9, 2012

Enbridge clings to Gateway plan despite opposition

TORONTO/CALGARY, Alberta (Reuters) – Enbridge Inc, Canada’s No. 2 pipeline company, reported a 14 percent jump in quarterly earnings on Wednesday and said it remains committed to building the controversial C$5.5 billion ($5.5 billion) Northern Gateway pipeline despite fierce opposition from communities along the route.

At its annual meeting in Toronto on Wednesday, the Calgary-based company was greeted by protesters from environmental groups and from some of the British Columbia aboriginal groups that have staunchly opposed the project over worries that oil spills could contaminate their water supplies.

May 9, 2012

Cliffs to advance Ontario chromite project

TORONTO, May 9 (Reuters) – Cliffs Natural Resources Inc
said on Wednesday that its board approved plans to
conduct a feasibility study for its proposed $3.3 billion
chromite project in the Ring of Fire region of Northern Ontario.

The Cleveland-based miner also announced plans to build a
ferrochrome processing facility in Sudbury, a nickel mining hub
that is home to major Xstrata Plc and Vale Sa
operations.

May 8, 2012

RIM fills long-vacant chief marketing job

TORONTO, May 8 (Reuters) – Research In Motion Ltd
has named a technology marketing veteran to build
excitement around the launch of its next-generation BlackBerry
10 smartphones later this year, sending its downtrodden share
price higher.

Shares of RIM rose as much as 3 percent on Tuesday after it
said Frank Boulben, who was executive vice president of
strategy, marketing and sales for ill-fated telecom startup
LightSquared, would assume the role of chief marketing officer.
The position had been vacant for a year.

May 6, 2012

Will graphite go the way of rare earth?

TORONTO, May 6 (Reuters) – Louis James, a mining investment
strategist at Casey Research’s office outside Seattle, first
started to hear the odd question about graphite a year ago.

Today the buzz is deafening, he says, and shares of
companies involved in graphite – a once-obscure segment of the
mining industry – have soared, probably to unsustainable highs.

Apr 16, 2012

Endeavour Silver eyes El Cubo revamp, more M&A

TORONTO (Reuters) – Endeavour Silver Corp (EDR.TO: Quote, Profile, Research, Stock Buzz), fresh off announcing a $250 million deal to buy AuRico Gold Inc’s AUG.TO El Cubo silver-gold mine in Mexico, is open to more acquisitions, though its immediate focus is on unlocking El Cubo’s value, the company’s CEO said on Monday.

With the deal expected to close within 45 days, Endeavour will spend the next few months developing a plan to improve operations and increase output at El Cubo, Chief Executive Bradford Cooke told Reuters.

Apr 15, 2012

Feature – Gold glitters for North American mining students

* Most mining-related engineers hired before graduation

* U.S. mining grads earn about 50 pct more than college median

* Admissions tripling at Canadian mining schools

* Deficit of mid-career mining professionals dire

* Geologists face more challenges, lower pay than engineers

By Julie Gordon

(Reuters) – When Travis Howard started his degree at the Colorado School of Mines four years ago he decided to pursue a double major in mechanical engineering and metallurgy to give himself the best chance of landing a high-paying job when he graduated.

Turns out he had nothing to worry about. The 21-year-old, who dropped his mechanical classes to focus on mining after his second year, has accepted a job with Kinross Gold Corp (K.TO: Quote, Profile, Research) at a starting salary of $64,000 a year plus bonuses.

Apr 15, 2012

Gold glitters for North American mining students

April 15 (Reuters) – When Travis Howard started his degree
at the Colorado School of Mines four years ago he decided to
pursue a double major in mechanical engineering and metallurgy
to give himself the best chance of landing a high-paying job
when he graduated.

Turns out he had nothing to worry about. The 21-year-old,
who dropped his mechanical classes to focus on mining after his
second year, has accepted a job with Kinross Gold Corp at
a starting salary of $64,000 a year plus bonuses.

Mar 30, 2012

Canada’s Nunavut awaits its day in the sun

TORONTO, March 30 (Reuters) – The prospects of a mining boom
in Canada’s Arctic territory of Nunavut – once as bright as the
Northern Lights – are fading fast as costs in the inhospitable
region spiral higher, forcing writedowns on two major gold
projects there.

The sparsely populated territory has gained a reputation as
one of the most promising regions in Canada for exploration,
with prospectors promoting discoveries ranging from gold to
uranium. But getting the ore out of the ground is a different
story entirely.

    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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