Base Metal Prices On The Upswing
Bank of America Merrill Lynch has revised its base metal price forecasts for the year, saying prices have risen faster than it had expected.
News
PDAC Criticizes Ontario’s Bills 173 And 191
The following is a condensed version of a presentation by the president of the Prospectors and Developers Association of Canada (PDAC) to the Standing Committee on General Government of the Legislativ…
Signs Of Life In Base Metals
There was yet another sign in Western Canada of a recovery in base metals markets during the 31st trading week of the year.
Noront To Raise $20M In Equity Financing
The “Ring of Fire” multi-metals district in the James Bay lowlands of northern Ontario is getting hotter for shareholders of Noront Resources (NOT-V, NOSOF-O), who have watched their shares surge 287%…
Iamgold Boosts Q2 Profits 33%
While Iamgold (IMG-T, IAG-N) is down a mine this year with the closure and sale of its Sleeping Giant mine in Quebec at the end of 2008, production remained relatively steady in its second quarter — …
Iron Ore Contract Settlement Prices Down For BHP Billiton
BHP Billiton (BHP-N, BLT-L) has concluded iron ore price negotiations for the 2009 contract year with a number of its customers. Prices for iron ore fines are about 33% lower than contract prices agre…
Mining Sector Heats Up In DRC
The dog days of August haven’t slowed down the pace of mining deals in mineral-rich Democratic Republic of the Congo (DRC).
Thompson Creek Dusts Off Endako Plans
VANCOUVER — As the price of molybdenum shows ever stronger signs of life, Thompson Creek Metals (TCM-T, TC-N) has emerged from cash conservation mode to put a major moly expansion project back on the…
More Kimberlites For Peregrine At Chidliak
Peregrine Diamonds (PGD-T, PGDIF-O) has found four more kimberlite bodies — three of them exposed at surface– on its 9,800-sq.-km Chidliak property on Baffin Island in Nunavut.
Chinese Miner Makes Hostile Bid For Canadian Royalties
China’s appetite for natural resources has turned aggressive with an unsolicited takeover bid for nickel development company Canadian Royalties (CZZ-T, CRYAF-O).
Vale, Union, Dig In Their Heels
The head of the United Steelworkers for Ontario and the Atlantic provinces says it could be four or five months before Vale (VALE-N) and the union representing striking workers in Sudbury and Port Col…
Silvercorp boosts production
While China-focused miner Silvercorp Metals (SVM-T) saw record production in its first quarter ended June…