Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
News
TSX Venture Exchange pledges to revitalize, diversify
A town hall meeting to discuss the TSX Venture Exchange’s proposed improvements to Canada’s public venture market filled a large ballroom at the Sheraton Hotel in Toronto on Jan. 18.
KWG turns to China for help in Ring of Fire
A railway design and engineering company named China Railway First Survey & Design Institute Group Co. (FSDI) and owned by China Railway Construction, one of China’s three major state-owned rail groups, is teaming with KWG…
PotashCorp suspends its newest mine in NB
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is indefinitely suspending its new Picadilly potash mine in New Brunswick to lower its company-wide costs — dismissing roughly 430 workers.
Letter to the editor: Reliable access vs. reliable understanding in BC
While Mr. Dirom’s recent opinion piece, “B.C. explorers need reliable access to land to make discoveries” (T.N.M., Jan. 25-31, 2016) raises valid concerns, he offers only the same tired and outdated responses that are actually…
Short Position Report
Short positions outstanding at Jan. 15/16 (with changes from Dec.31/15).
TSX Venture falls to historic low, Jan.11-15
The S&P/TSX Venture Composite Index is reaching historic lows, falling 5%, or 25.71 points, to a 488.96-point close.
Imperial suspends open pit at Huckleberry in BC
VANCOUVER — Steve Robertson, spokesperson for Huckleberry Mines and vice-president of corporate affairs for Imperial Metals (TSX: III; US-OTC: IPMLF), says there’s value left in the ground at the open-pit Huckleberry copper mine, 88…
Site visit: Victoria’s Eagle truly ‘shovel ready’
MAYO, YUKON — When it comes to visiting mine sites in northern Canada there aren’t too many that boast better access than Victoria Gold’s (TSXV: VIT; US-OTC: VITFF) Dublin Gulch property, which is reached via a civilized,…
Eldorado halts its Skouries project in Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) is suspending construction at its Skouries gold-copper project due to a lack of government support, and says it will halt its Olympias underground mine if the Ministry of Energy and Environment doesn’t…
Editorial: Oil-to-gold ratio hitting all-time high
We’ve had another momentous week in the commodity markets, with oil prices dropping to 13-year lows below US$30 per barrel, copper sliding under US$2 per lb., the Canadian dollar dipping under US70¢ and world stock markets hobbling…
Commentary: Tapped resources – Water use and its impact on mining in Canada
Scrutiny of water-use policies and regulations, and concern that provincial governments across Canada need to better regulate industrial water use, have become more prominent in recent years, particularly after the recent droughts in B.C. and…