Rosy Canadian jobs report gets no help from resource sector

China may have dominated mining news headlines over the past year, but it is a small player when it comes to mergers and acquisitions, according to a report released today from PwC. The Mining Deals report states that in 2010, just 6% of global mining involved purchases by Chinese companies, compared to 36% from companies domiciled in Canada, 16% in the US and 16% in Australia. The numbers appear to dispel the myth that China is amassing control of the world's resources by merging and acquiring firms into its orbit.

Romios Gold Resources announced that a 2010 mapping project from the British Columbia Geological Survey confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.

Market capitalisation for miners on the TSX and TSX Venture rose from Can$325 billion in 2009 to $467 billion in 2010, according to a study released by Ernst & Young on Wednesday. The study also found that the mining sector raised $17.7 billion through IPOs and private placements, eclipsing the oil and gas industry which only managed $11.3 billion. The study also found that there were 52 mining initial public offerings on the TSX and TSX Venture that raised more than $1.3 billion.

Quebec's three-year run as the Fraser Institute's favourite mining jurisdiction ended after Alberta took the top spot. Releasing it's findings on Wednesday, the think tank lauded Alberta's tax policies and clear rules regarding mining. “Alberta’s resource-friendly government, competitive taxation regime, and superior infrastructure render the province a standout for mining investment, not only in Canada but also globally,” said Fred McMahon, coordinator of the survey and the Institute’s vice-president of international policy research.

On Tuesday the Ontario Superior Court of Justice dismissed Inspiration Mining Corporation’s court application against URSA Major Minerals. Inspiration sought to reverse […]

CALGARY, ALBERTA As previously announced, TVI and TG World have entered into an Arrangement Agreement whereby holders of TG World shares will receive 0.458 of a common share of TVI for each TG World share held. The Arrangement is subject to approval of

Beaufield Resources Inc. (TSX VENTURE:BFD) is pleased to announce that Actus Minerals Corp. (TSX VENTURE:AAC) has received Exchange acceptance to its option […]

Canada Lithium said today it will have to take another look at a resource estimate it used to fund a Can$202-million open pit mine in Quebec. The company said that it was unable to reconcile its own results with a previously announced 43-101-compliant report dated Oct. 28, 2010. In January the company raised Can$110 million via a bought-deal financing.

Quadra Fnx Mining earned $173 million or $1.11 per share in 2010 compared to $89 million in 2009. “The increased earnings in […]