Volatility hits US stocks, Oct.13-17

Source: Daily News | 2014-10-20
U.S. equities ended the choppy Oct.13–17 trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a partial recovery on Friday that snapped a 6-day losing streak on the back of strong...

Iron ore price collapse claims more victims

Source: Daily News | 2014-10-17
Cliffs Natural Resources (NYSE: CLF) and London Mining (LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6 billion non-cash impairment charge in the third quarter on its...

US stocks tumble, Sept. 29-Oct. 3  

Source: Print Archives | 2014-10-08
U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to...

China moves to restrict imports of low-quality coal 

Source: Print Archives | 2014-10-01
A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain...

U.S. markets under pressure, Sept. 22-26 

Source: Print Archives | 2014-10-01
U.S. markets ended in negative territory during the trading week, with the Dow Jones Industrial Average falling 166.59 points, or 0.96% to 17,113.15, and the S&P 500 Index sliding 27.55 points, or 1.37%, to 1,982.85. The Philadelphia Gold...

TSX soars, Aug. 25-29 

Source: Print Archives | 2014-09-03
Canada’s main stock index kicked off the Labour Day weekend with a 90.18-point gain to 15,625.73. The S&P/TSX Global Gold Index edged up nearly 4 points to 202.10, helped by a US$6.40 per oz. jump in the gold spot price, which closed...

Ousted Cliffs CEO to receive US$11M payment  

Source: Print Archives | 2014-08-27
Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.

Cliffs to buy back shares

Source: Daily News | 2014-08-26
A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own...

US stocks climb, Aug. 11-15  

Source: Print Archives | 2014-08-20
It was a good week for U.S. equities. The Dow Jones Industrial Average advanced 109 points to 16,662.91, while the broader S&P 500 Index jumped 23 points to 1,955.06. The tech-heavy Nasdaq Composite Index added 94 points to 4,464.93.

SouthGobi's direction murky after Hong Kong deal 

Source: Print Archives | 2014-08-20
VANCOUVER — It’s been a nightmare two years for Mongolia-focused producer SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF), as it weathers socio-political challenges and low coking and thermal coal prices.