A stockpile at BHP Billiton's Illawarra metallurgical coal-mining complex in New South Wales, Australia. Illawarra will be part of the South32 spinoff. Credit: BHP Billiton

BHP spinoff South32 to launch in mid-2015

BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets  in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.

A surveyor measures a coal stockpile at Anglo American's Greenside thermal coal mine in South Africa. Credit: Anglo American

Miners struggle to adapt to lower coal prices

Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.

TSX continues decline, Dec. 8-12

Canada’s benchmark index fell during the trading week as investors fretted over plunging oil prices and weaker-than-expected economic data from China. The S&P/TSX Composite Index lost 742.65 points, or 5%, to end at 13,731.05. The…

Thompson Creek Metals' Endako molybdenum mine, 190 km west of Prince George, British Columbia. Credit: Thompson Creek Metals

Thompson Creek shutters Endako

VANCOUVER — Rough commodity markets are forcing miners to make tough decisions, and Colorado-based Thompson Creek Metals (TSX: TCM; NYSE: TC) is the most recent operator driven to place a struggling asset on temporary care and maintenance…

Wall Street gets slammed, Dec. 8-12

The market sell-off on Wall Street was one of the worst in more than two years as oil dropped below US$62 a barrel and China reported more weak economic data. The S&P 500 Index fell 3.5% to 2002.33 and the Dow Jones Industrial Average…

Cartoon by JK.

Editorial: More Tsilhqot’in fallout in BC

One recent resource development story in B.C. shows how the ground rules for project developers are changing forever in the province after the Supreme Court of Canada’s precedent-setting Tsilhqot’in decision in June and Imperial…

TSX Venture hits new low, Dec. 8-12

The S&P/TSX Venture Composite Index finished in the red after losing 6.9%, or 48.21 points, en route to a 653.78-point weekly close. Energy stocks floundered during a freefall in crude oil prices, as the International Energy Agency slashed…

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