Freeport-McMoRan on a broad cost-cutting spree
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been carrying out business-wide spending cuts that it calls an “aggressive response” to weak market conditions.
Articles by Northern Miner Staff
Letter to the editor: Juniors are best at finding deposits
The interview of Rick Rule, chairman of Sprott U.S. Holdings, in last week’s issue includes some observations on the nature of the junior exploration sector that I take issue with. The junior sector has always consumed a prodigious amount…
Newmont sells stake in Swiss gold refinery for US$119 million
Newmont Mining (NYSE: NEM) has sold its 60.6% stake in the Valcambi gold refinery in southeast Switzerland to a subsidiary of Rajesh Exports. The sale netted the miner US$119 million in cash.
Analyst: Oban’s four-way merger should inspire weary juniors
Market realities are starting to bite, and the combination of Oban Mining (TSX: OBM) with three other companies is a good model to emulate at a time when most management teams in the junior mining sector are struggling to keep their…
Goldcorp, Teck join forces to tackle El Morro in Chile
El Morro, the large undeveloped gold-copper deposit in northern Chile, will become the focus of a joint venture (JV) between Goldcorp (TSX: G; NYSE: GG) and Teck Resources (TSX: TCK.B; NYSE: TCK), giving it a better chance of reaching its…
Minera Alamos downsizes its dreams at Los Verdes
VANCOUVER — Junior Minera Alamos (TSXV: MAI; US-OTC: VGMTF) is getting a second look from investors after a change in strategy at its wholly owned Los Verdes copper-molybdenum property, 200 km southeast of Hermosillo,…
Anglo Pacific has ‘turned the corner,’ CEO says
For Anglo Pacific Group (TSX: APY; LSE: APF), royalty income in the first half surpassed all of the royalty income earned last year. And while the company posted an after-tax loss for the six months ended June 30, it was a much smaller one than…
Asian, African miners more likely to switch heavy equipment suppliers, Timetric survey says
A survey of buyers and senior decision makers at more than 500 mines across the globe wide shows that most Asian and many African miners anticipate switching major equipment manufacturers in the next five years.
SGS expands Corescan service in North America
SGS has enhanced its hyperspectral analysis capability in North America by adding a mobile unit, based in Canada.
Gekko heads to Arctic with Hope Bay contract
Gekko Systems, a mineral processing and modular plant design firm, has won a contract for work on TMAC Resources’ (TSX: TMR) flagship Hope Bay gold project in northwest Nunavut.
Fool’s Gold reality TV show proves popular
After a warm reception from viewers, mining reality TV show Fool’s Gold is back for a second season, which will see the ragtag mining crew set out to extract 100 oz. gold from the historic Straw Lake Beach gold mine in Kenora, Ont.
Editorial: Commodities prices follow China’s economy south
China’s slowing economy and sinking stock market are wreaking havoc on already oversupplied commodity markets around the globe.