Asia

Cliffs' Bloom Lake mine faces uncertain future

Source: Daily News | 2014-11-21
Struggling U.S.-based iron ore miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in northeastern Quebec, as it bids farewell to Canada.

Met coal producers prepare for long price weakness 

Source: Print Archives | 2014-11-19
The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,...

Uranium stocks jump on Japanese nuclear restart news 

Source: Print Archives | 2014-11-12
Uranium prices and uranium stocks spiked in early November after politicians in Japan’s Kagoshima Prefecture, including governor Yuichiro Ito, approved two nuclear reactor restarts in the country.

TSX continues winning streak, Nov. 3-7 

Source: Print Archives | 2014-11-12
The S&P/TSX Composite Index gained for the fourth straight week, up 77.51 points to close at 14,690.83. Gold and diversified miners both added 10 points, with the S&P/TSX Global Gold Index ending at 144.86 and the S&P/TSX Capped...

PotashCorp eyes stong 2014 finish 

Source: Print Archives | 2014-11-05
Despite Potash Corp. of Saskatchewan’s (TSX: POT; NYSE: POT) third-quarter profit declining 11%, it expects to finish the year on an upbeat note.

Gold Reserve wins US$740M in 'stunning victory' against Venezuela 

Source: Print Archives | 2014-10-22
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one...

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...

Fednav sends nickel through the Northwest Passage  

Source: Print Archives | 2014-09-24
On Sept. 19 the MV Nunavik embarked on a historic 29-day journey from Deception Bay in Quebec’s far north to deliver 21,000 tonnes of nickel concentrate to Bayuquan, in China’s Liaoning province.

Work on Oyu Tolgoi underground to resume in Q1 

Source: Print Archives | 2014-09-24
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government have resolved several issues that have held up the underground expansion of the Oyu Tolgoi copper-gold mine in the country.

Drilling prices 'not sustainable': Major Drilling 

Source: Print Archives | 2014-09-17
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements...

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