Sherritt lands in the red in Q2
Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.
News
Rio sells Northparkes copper mine for US$820M
VANCOUVER — Rio Tinto (NYSE: RIO; LSE: RIO) has taken another step in its effort to sell non-core assets and reduce its debt with a deal to sell its 80% stake in the Northparkes copper mine in Australia to China Molybdenum (US-OTC: CMCLF)…
ITH’s Livengood struggles at today’s gold price
It doesn’t look like International Tower Hill Mines’ (TSX: ITH; NYSE: THM) huge Livengood gold project in Alaska will be hosting a mine construction crew any time soon. The company has released a feasibility study…
Oromin turns friendly to Teranga offer
Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.
Alamos to buy Orsa for $3.5M
Cash-rich Alamos Gold (TSX: AGI; NYSE: AGI) has added Orsa Ventures (TSXV: ORN) to its shopping list.
Workers strike at Tasiast; Kinross to pick up option at Las Pampas
News of a strike action at Kinross Gold’s (TSX: K; NYSE: KGC) troubled Tasiast gold mine in Mauritania brings the total number of strikes to three since the Toronto-based producer acquired its 100% stake in 2010.
Chinese investment comes at a price for Champion Iron
A Hong Kong investment company has invested $3 million for an 11% stake in Champion Iron Mines (TSX: CHM) and its portfolio of iron ore properties in the Labrador Trough.
Newcrest swallows A$6.2B writedown
Newcrest Mining’s (TSX:NM; ASX: NCM) warning in early June that it would be taking up to a A$6-billion writedown on its various gold mining assets around the world has come to pass, and the bite is a little deeper than first anticipated…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, August 6, 2013 Precious MetalsPrice…
Global copper use down, production up in 2013: ICSG
The Lisbon-based International Copper Study Group (ICSG) released the following preliminary data for April 2013 world copper supply and demand in its July 2013 Copper Bulletin. The Bulletin is available for sale upon request. For more…
Editorial: Potash earthquake
Like a sudden Saskatchewan thunderstorm, the potash market surprised everyone yet again with its capacity for drama and destruction, as everyone learned just how important the Russian-Belarusian potash cartel had been all this time in…
Bob Rae on the Ring of Fire
Talks between First Nations and the Ontario government regarding development in the remote Ring of Fire area are set to start soon, now that both sides have appointed lead negotiators.