Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.
TSX Short Positions Short positions outstanding at Sept. 15/12 (with changes from Aug….
VANCOUVER — For Mining Association of Canada (MAC) president and CEO Pierre Gratton, the future of the nation’s mining industry lies in clear-cut regulatory reform and the cultivation of global free trade arrangements geared…
Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
VANCOUVER — The S&P TSX Venture Composite Index rose 41.4 points or 3.24% to close near 52-week highs at 1,318.1 points during the Sept. 10-14 trading sessions. An announcement by U.S. Federal Reserve chairman Ben Bernanke on a third…
The next round of quantitative easing (QE) finally came and it was good news for commodity prices and the commodity heavy TSX Composite Index, which grew by 242 points to 12,499.47 points for the Sept. 10-14 period.
U.S. stocks gained for a second consecutive week, pushing the Standard & Poor’s 500 Index up to the highest level since December 2007, as the U.S. Federal Reserve unleashed a third round of quantitative easing, or QE3, to prop up the…
Paramount Gold and Silver (PZG-T, PZG-X) has bulked-up its Mexican resources in a serious way. The company released an updated resource estimate for its wholly owned San Miguel project in the country, boosting indicated gold resources by 547%,…
TSX Short Positions Short positions outstanding at Aug 31/12 (with changes from Aug 15/12). Largest Short Positions Security Ticker Total Short Change Lundin Mining LUN 44646706 476706…
September is always a pivotal month in the business year, with eight months of recent asset performance to sift through and a need to plan for the year ahead. It’s a time for many to take a cold look at whether business units have lived…
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Sept 10 Sept 7 Sept 6 Sept 5 Sept 4 US$ in C 0.9762 0.9778 0.9825 0.9902 0.9863 …
On Aug. 16, 2012, the Canadian Securities Administrators (CSA) published CSA Staff Notice 43-307 Mining Technical Reports — Preliminary Economic Assessments, which sets out staff’s position on several issues regarding the use and…
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