Editorial: No end in sight for iron ore glut
Ten weeks into 2015, and many of the world’s iron ore miners are on edge as iron ore prices set new lows, and the finger-pointing begins as to who is contributing to the problems besetting the industry.
Iron Ore
PDAC 2015: The ‘first green shoots have emerged’
With metal markets being the number-one indicator for the health of the global mineral exploration industry, a great way to kick off the technical program of the Prospectors & Developers Association of Canada convention in Toronto is to…
Commentary: Labrador Trough rail needs a rethink
During its successful 2014 election campaign, Quebec’s Liberal Party vowed to revive Plan Nord — a cherished blueprint for opening up the province’s vast northern mineral wealth for development. Brainchild of former Liberal…
Contrarian investor Anglo Pacific picks up coal royalty
Anglo Pacific Group (TSX: APY; LSE: APF) is forking over US$60 million in cash and US$5 million in shares for a royalty on Whitehaven Coal’s (US-OTC: WHITF; ASX: WHC) Narrabri thermal coal mine in Australia at a time when the price of…
Rio Tinto’s McIntosh: ‘Exploration in our DNA’
VANCOUVER — There’s likely not an exploration manager with a bigger technical team or budget than Rio Tinto’s (NYSE: RIO; LSE: RIO) Stephen McIntosh, who serves as the mega miner’s global head of exploration and has…
Editorial: Base metal woes in Canada’s north
Base metal mining in Canada took another couple of hard blows in late January, as falling base metals price bit deeper and deeper into operations.
Rio Tinto’s legal battle with Quebec Innu intensifies
VANCOUVER — Mega-miner Rio Tinto (NYSE: RIO; LSE: RIO) is staring down the barrel of a potentially costly legal battle with a pair of First Nation groups whose traditional Nitassinan territory covers a large part of northeastern Quebec…
Rio Tinto’s legal battle with Quebec Innu intensifies
VANCOUVER — Mega miner Rio Tinto (NYSE: RIO; LON: RIO) is staring down the barrel of a potentially costly legal battle with a pair of First Nation groups whose traditional Nitassinan territory covers a large part of northeastern Quebec…
Wall Street rebounds, Dec. 15-19
The U.S. market climbed into positive territory following higher oil prices and the U.S. Federal Reserve reporting that it was in no hurry to raise interest rates.
Editorial: Top stories of 2014
Mining and mineral exploration are by nature businesses for optimists, but looking back over 2014, it’s hard not to conclude that difficulties and disasters tended to outweigh the brighter spots of achievement and growth. Here is our…
Cash preservation is the name of the game at Alderon
With iron ore prices off 49% year-on-year at US$71 per tonne, Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) says it has no choice but to start a “comprehensive” cash preservation program.
Vale may sell part of its base metals division
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.