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Mar 26, 2012

Barrick sees lower costs at Lumwana mine in 2013

TORONTO (Reuters) – Barrick Gold (ABX.TO: Quote, Profile, Research, Stock Buzz) sees lower cash costs at its Lumwana mine in Zambia in 2013 as mining at the copper project moves out of the lower grade material in the Malundwe pit and into the new Chimiwungo pit, Chief Executive Aaron Regent said on Monday.

“We’ve got to transition into Chimi, stabilize the mining operations at Chimi, and then we do anticipate seeing improved production and copper performance,” said Regent, speaking at the Reuters Mining Summit in Toronto.

Mar 26, 2012

Cameco sees restart of some Japan reactors soon

March 26 (Reuters) – Japan, which has taken all but one of
its 54 nuclear reactors offline in the wake of the Fukushima
disaster, has not indicated that it is planning a permanent
shift away from atomic power, said the head of Cameco Corp
on Monday.

Cameco, a top global uranium producer, has offered to buy
excess material from Japanese utilities, but they are not
selling, said Chief Executive Tim Gitzel, speaking at the
Reuters Mining and Steel Summit from Saskatoon, Saskatchewan.

Mar 25, 2012

Canada’s NDP elects new leader, urges unity

TORONTO (Reuters) – Canada’s main opposition party chose heavily favored candidate Thomas Mulcair to replace the late Jack Layton, who died of cancer just three months after leading the leftist party to its strongest ever performance in a federal election.

Mulcair, a former Quebec cabinet minister who is a relative newcomer to the New Democratic Party (NDP), took over the reins after four rounds of voting at the leadership convention, held in downtown Toronto on Friday and Saturday. The Montreal lawmaker, who advocated the party reach beyond its traditional base to appeal to centrist voters, led all four votes of the day, eventually trouncing runner-up Brian Topp, who campaigned to keep the party squarely left-of-center. “Today we have the greatest human capacity, and the greatest potential to put that capacity to work than at any time in our history,” said Mulcair to the crowd of cheering delegates.

Mar 25, 2012
Mar 24, 2012
Mar 19, 2012

TSX ends lower as gold miners weigh

TORONTO, March 19 (Reuters) – Toronto’s main stock index
closed lower on Monday after a day of choppy trade as gains in
energy issues were undercut by losses among gold miners and
fertilizer producer Potash Corp.

The gold price rose on Monday after falling sharply last
week, but equity investors were wary as technical factors
suggested the precious metal could tumble further.

Mar 13, 2012
Mar 13, 2012
Mar 13, 2012
Mar 13, 2012

“Recycled” diamonds come back to haunt industry

TORONTO, March 13 (Reuters) – Sabrina Thompson, a
30-something restaurant manager from Toronto, says she turned to
Craigslist to sell her diamond engagement ring after her
relationship ended.

An embittered Thompson, who wants C$1,800 ($1,800) for the
half-carat ring, says the cash will help her move on with her
life.

    • 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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