Capex spending spree waning
Sales of operating equipment could be cut in half over the next two years as mining companies concentrate on capital preservation, working capital and share buybacks, according to a new report from Ci…
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Cost of capital scorching juniors: Cormark report
For investors wondering why their favourite junior mining stocks have plummeted so far below the value they may hold in the ground, a new report from Cormark Securities sheds some light.
TSX VENTURE EXCHANGE – NOVEMBER 11-17
By the last day of the Nov. 11-17 trading session the S&P-TSX Venture Composite Index slid below 800 points and closed at a low not seen since January 2000. The Venture board lost 128.2 points to …
Rare Earths Shortage Looming?
The key metals needed for hybrid cars, flat-screen TVs and energy-efficient lighting could be in short supply in a few years’ time if rare earth element mines aren’t developed outside of China, some i…
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Teck Wrestles With US$10B Debt
Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
Editorial: Teck teeters, Apex falls
Falling commodity prices took deep bites out of another group of zinc miners during the week ended Nov. 15, the 46th trading week of 2008.
HudBay and Lundin to merge
Vancouver – In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T) and Lundin Mining (LUN-…
$60M Red Back bought deal
Vancouver – Within three hours of announcing a $40 million bought deal Red Back Mining (RBI-T) went back to t…
Katanga pulls the brakes on cobalt production
Katanga Mining (KAT-T) blames falling cobalt prices for its decision to stop producing the metal at one of its proj…
Kalahari scraps Extract merger on Rio Tinto concerns
Kalahari Minerals (KAH-L) has called off a merger with Extract Resources (EXT-T, EXT-A) over fears that Rio Tinto (…