TSX moves up, April 21-25
Canada’s benchmark index gained during the week despite rising tensions in Ukraine, with the S&P/TSX Composite Index moving up 33 points to 14,533.57.
Copper
Nautilus settles dispute with PNG government
VANCOUVER — Shares of Nautilus Minerals (TSX: NUS; US-OTC: NUSMF) have been on the rise following an agreement with the Papua New Guinean (PNG) government that allows for the mining of the company’s Solwara 1 undersea…
Nautilus settles dispute with PNG government
VANCOUVER — Shares of explorer Nautilus Minerals (TSX: NUS; US-OTC: NUSMF) were on the rise following an agreement with the Papua New Guinean (PNG) government that could set the development stage at the company’s Solwara 1…
Rio Tinto struggles with Pilbara iron ore, Oyu Tolgoi
VANCOUVER — Despite setting production records during the first quarter, Rio Tinto (NYSE: RIO; LSE: RIO) is not off to the best start to 2014. The company struggled with bad weather at its iron-ore operations in Western Australia,…
TSX nears six-year high before Easter, April 14-17
The Toronto stock market had a strong run heading into the Easter holiday, with the S&P/TSX Composite Index gaining 24 points to 14,500.39, nearing a six-year high on the back of positive Chinese and U.S. economic data.
Turquoise Hill, Rio Tinto expect a delay in Oyu Tolgoi’s financing
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) CEO Kay Priestly says “good progress continues to be made” with the Mongolian government to resolve outstanding shareholder issues at the company’s 66%-held Oyu Tolgoi…
Augusta’s Clausen on Hudbay bid, other suitors
Nine interested parties — including a number of “significant industry players” — have signed confidentiality agreements to review the Rosemont copper project in Arizona, Augusta Resource (TSX: AZC; NYSE-MKT: AZC) says.
Copper market headed for surplus, GFMS says
Up until the recent sell-off, there had been a prolonged run for copper prices. And the latest survey from Thomson Reuters GFMS says the recent drop in copper prices may not be a blip, but a sign of more weakness to come.
Copper Mountain up 11% on record Q1 production
Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first-quarter copper production at its 75%-held Copper Mountain mine near Princeton, B.C.
Capstone ‘gets it right,’ analysts say
Mid-tier copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) impressed analysts after posting record production results for the first quarter of the year.
Copper One picks up Troilus from First Quantum
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.