Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 7, 2014Precious MetalsPrice…
Articles by Northern Miner Staff
Jacobs Engineering Group opens Nevada office
With an eye toward Nevada’s mining industry, professional services firm Jacobs Engineering Group (NYSE: JEC) has announced it will open an office in Elko.
Roxgold awards underground mining contract
African Underground Mining Services (AUMS) has signed a four-year deal to provide a mining fleet and skilled labour for Roxgold’s (TSXV: ROG; US-OTC: ROGFF) Yaramoko gold project in Burkina Faso.
Fednav ships to serve Strange Lake
Quest Rare Minerals (TSX: QRM) has signed a non-binding memorandum of understanding with Montreal-based Fednav to develop and deliver shipping solutions for the Strange Lake REE project in northeastern Quebec.
Metalor gains ‘Fairmined Refiner’ status
The Colombia-based Alliance for Responsible Mining (ARM) has given refiner Metalor its ‘Fairmined Refiner’ designation, making the firm the first London Bullion Market Association (LBMA)-approved refiner to hold that status.
Commentary: Steel demand cools
The following is an edited excerpt from the World Steel Association’s (worldsteel) “Short-range outlook for 2014 and 2015.” It forecasts that global apparent steel use will increase by 2% to 1,562 million tonnes in 2014 after…
Innu First Nations return ‘Stones of Shame’ to Rio Tinto
In a symbolic gesture the Innu First Nations of Uashat Mak Mani-Utenam and Matimekush-Lac John returned two iron-ore boulders to Iron Ore Co. of Canada’s (IOC) head office in Montreal. IOC is majority-owned by Rio Tinto. The boulders were…
Editorial: Glencore backs off run at Rio Tinto, for now
Last week we highlighted the shocking collapse in iron-ore prices in September, with spot prices down more than 40% for the year, and trading below US$80 per tonne in China — the world’s largest importer — and gave a heads-up…
Lundin to buy Candelaria from Freeport
VANCOUVER — Rumours had been swirling for months over Lundin Mining’s (TSX: LUN; US-OTC: LUNCF) eyeing of Freeport-McMoRan’s (NYSE: FCX) 80% stake in the Candelaria copper-mining complex in Chile’s Atacama province, and…
US stocks tumble, Sept. 29-Oct. 3
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…
TSX Venture hits 52-week low, Sept. 29 – Oct. 3
The S&P/TSX Venture Composite continued an eight-week free fall during the trading sessions, as it dropped 4%, or 36.60 points, en route to an 882.82-point close. Over the past two months the Venture has lost 14%, or 141.17 points. North…
Iamgold sells Niobec mine to ex-CEO of Barrick
Former Barrick Gold (TSX: ABX; NYSE: ABX) CEO Aaron Regent is back in action.