Freeport rallies following defensive cost-cutting spree

Source: Daily News | 2015-08-27
VANCOUVER — Shares of U.S. copper giant Freeport-McMoRan (NYSE: FCX) were on the rise following the announcement of additional business-wide spending cuts it labeled an “aggressive response” to uncertain market conditions.

El Morro gets some loving

Source: Daily News | 2015-08-27
El Morro, the large undeveloped gold-copper project in Chile, will become the focus of a new joint venture (JV) with Goldcorp (TSX: G; NYSE:GG) and Teck Resources (TSX: TCK.B, NYSE: TCK), giving it a better chance of...

Minera Alamos reimagines strategy at Los Verdes

Source: Daily News | 2015-08-26
VANCOUVER — Junior Minera Alamos (TSXV: MAI; US-OTC: VGMTF) is attracting renewed investor interest following a strategic shift at its wholly-owned Los Verdes copper-molydenum property 200 km due southeast of Hermosillo, Mexico. In...

Eldorado Gold halts Greek ops as ministry revokes technical study  

Source: Print Archives | 2015-08-26
Haywood Securities analyst Kerry Smith says Greece’s energy minister Panos Skourletis was on a “fishing expedition” when he revoked the technical studies on Eldorado Gold’s (TSX: ELD; NYSE: EGO) Skouries and Olympias...

Anglo American sells Mantos Blancos and Mantoverde mines 

Source: Print Archives | 2015-08-26
A year after selling its 50% interest in U.K. building materials group Lafarge Tarmac for US$1.6 billion, Anglo American (US-OTC: AAUKY; LSE: AAL) has reached a deal to unload two of its smaller Chilean copper mines to a consortium led by...

Arena attracts JOGMEC, B2Gold 

Source: Print Archives | 2015-08-26
Since the beginning of the year, prospect-generator Arena Minerals (TSXV: AN) — whose shares traded at only 17¢ at press time — has enticed two heavyweight players in the mining industry to sign option agreements on parts...

Vale green-lights underground mine at Voisey's Bay 

Source: Print Archives | 2015-08-19
The natural resources industry of Newfoundland and Labrador — beaten down as it is by the steep decline in iron ore and oil prices — has received a most welcome board-level confirmation from Vale that it will indeed pursue...

Friedland: Mining companies 'priced for Armageddon' 

Source: Print Archives | 2015-08-19
VANCOUVER — Vanguard executive chairman of Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) Robert Friedland took to the stage at the Sprott Natural Resource Symposium in Vancouver in late July, and delivered a talk about why he believes copper...

TSX posts marginal dip, Aug. 10-14 

Source: Print Archives | 2015-08-19
The surprise devaluation of China’s currency on Aug. 11 pulled many base metal prices lower on fears that demand from the world’s largest buyer of metals would fall. The price of safe-haven gold, by contrast, rose 1.8% to finish at...

Facts 'n' figures - Potash bid tops Q2 M&A activity: KPMG report 

Source: Print Archives | 2015-08-12
The following is an edited excerpt from KPMG’s Mining M&A Quarterly Newsletter. For more information and to see the full report visit