Daily News

Editorial: Glencore stock crash reverberates across mining sector

Back in May 2013, as we editorialized about the still-fresh merger of trading house Glencore and mining major Xstrata — a deal creating a US$70-billion company that still ranks as the largest M&A move in mining history — we...
Oct 6, 2015 7:57PM

Suncor goes hostile on Canadian Oil Sands

VANCOUVER — Besieged crude oil prices have driven market valuations in the energy industry to historic lows, and Suncor Energy (TSX: SU; NYSE: SU) is hoping to take advantage with an opportunistic, hostile bid for Canadian Oil Sands...
Oct 6, 2015 5:02PM

U.S. equities pick up steam, Sept. 28-Oct. 2

Employment data from the U.S. Labor Department showing that 142,000 new nonfarm jobs were created in September — far less than the 203,000 forecast — furthered expectations that the U.S. Federal Reserve will delay raising interest...
Oct 6, 2015 1:19PM

Toronto stocks end mixed, Sept. 28-Oct. 2

The S&P/TSX Composite Index had a turbulent week, falling 0.3% to 13,339.74, despite cutting some of its earlier losses mid-week, following positive Canadian data. The country’s gross domestic product number for July came in at 0.3%,...
Oct 6, 2015 10:19AM

Patricia Mohr: China car market to boost palladium

Scotiabank economist and commodity specialist Patricia Mohr says palladium offers the greatest upside within the platinum group metals (PGMs) due to rising demand for car ownership in China and the central government’s wish to improve...
Oct 6, 2015 9:57AM

TSX Venture hits four-week low, Sept. 28-Oct. 2

VANCOUVER — The S&P TSX Venture Composite Index fell for a second consecutive week during the Sept. 28-Oct. 2 trading sessions, as it lost nearly 3%, or 15.94 points, en route to a 525.56 point close. The U.S. Labor Department...
Oct 5, 2015 10:41PM

[Update] North American Palladium cuts 44 jobs at LDI mine

North American Palladium (TSX: PDL) has let go 44 workers at its Lac des Iles (LDI) palladium mine near Thunder Bay, Ont., due to weaker metal prices and a reduced milling schedule.
Oct 5, 2015 10:07AM

Update: Silver Standard considers JV on Chinchillas project

Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) 100%-owned Chinchillas silver-lead-zinc project, and the two...
Oct 2, 2015 4:06PM

Oceanic Iron Ore gets interest from China's Sinohydro

Sinohydro, one of China’s oldest state-owned enterprises set up shortly after Chairman Mao Zedong’s Communist party swept to power in 1949, says it is “willing and ready” to become an equity shareholder in Oceanic Iron...
Oct 1, 2015 4:05PM

Election 2015: Liberals, Greens and NDP Q&A on mining in Canada

With Canadians looking ahead to a federal election on Oct. 19, The Northern Miner submitted mining-related questions to the leaders of the four major political parties running across Canada. The following are the answers from the Liberal Party...
Sep 30, 2015 7:49PM

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