Outokumpu and Belvedere Resources of Canada have signed a Memorandum of Understanding, whereby Outokumpu intends to sell the Hitura nickel mine in Finland to Belvedere. The total consideration, estimated at some €10 million, will be in Belvedere shares. Outokumpu will book most of the total consideration as a non-recurring gain in its second quarter results. […]

Biodiversity Offsets for the Minerals and Energy Industries is to be held in Perth, Western Australia on March 29-30, 2007. Biodiversity offsets, environmental offsets and green offsets are strategies that are currently being actively considered worldwide by extractive industries and governments to counter the unavoidable biodiversity damage caused by development projects.
Offsets potentially offer advantages to […]

President Bush’s FY2008 budget seeks a 33% increase for the Office of Fossil Energy over last year’s request to support improved energy security and rapid development of climate-oriented technology.  It totals $863 million and completes a promise to invest $2 billion in coal technologies three years early.
One of the President’s largest Fossil Energy budgets, […]

Imperial Metals’ President, Brian Kynoch, was presented with the 2006 EA Scholz Award in recognition of excellence in mine development in British Columbia. The award was presented to Kynoch at the Association for Mineral Exploration British Columbia (AME BC) awards dinner in Vancouver on January 31, 2007.
Kynoch joined Imperial in 1997 as Senior Vice President […]

With uranium spot prices rising from $10/lb at the start of 2003 to $75/t today, Cameco is a hot company. It is the world’s largest uranium producer. No wonder then that the company “recorded record revenue, earnings and cash flow for 2006, despite lower earnings in the fourth quarter compared to the previous year," according […]

Northern Dynasty Minerals has been selected to receive the Thayer Lindsley International Discovery Award from the Prospector’s and Developer’s Association of Canada (PDAC). The Thayer Lindsley Award is presented annually to recognize an individual or a team of explorationists credited with a recent significant mineral discovery anywhere in the world. Representatives of the company’s exploration […]