Cliffs’ Bloom Lake faces uncertain future
Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.
Canada
TSX stays strong, Nov. 17-21
The S&P/TSX Composite Index gained for the sixth straight week, moving up 286.03 points to 15,111.13. The S&P/TSX Global Gold Index added 5.67 points to 153.41, while the S&P/TSX Capped Diversified Metals & Mining Index climbed…
TSX Venture gains ground, Nov. 17-21
The S&P/TSX Venture Composite closed in the green for a second week after it gained 1.6%, or 12.5 points, en route to a 789.13-point close. Gains were driven by rising precious metal futures, while the energy sectors traded relatively flat….
Editorial: Iron ore prices – Where’s the bottom?
As the daylight hours shorten and winter chill takes hold of the iron ore mines and surrounding communities in the Labrador Trough, it’s as good a symbol as any of the deep freeze that is engulfing the global iron ore market, as spot…
Two suitors court Carlisle
Just two days after the ink dried on a binding joint-venture agreement between Canadian gold miner AuRico Gold (TSX: AUQ; NYSE: AUQ; CGJ) and Carlisle Goldfields (TSX: CGJ; US-OTC: CGJCF) on the junior’s Lynn Lake project in Manitoba,…
Sean Roosen on Osisko’s new plan, Virginia deal
VANCOUVER — It’s been a wild year for Sean Roosen and his team at Osisko Gold Royalties (TSX: OR; US-OTC: OKSKF), but now that the dust has settled the company looks poised to become a major player in the royalty and…
Pure Gold joins Red Lake’s ‘exploration renaissance’
RED LAKE, ONTARIO — For the management team at newly minted Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF), picking up the past-producing Madsen gold project marked a return to a gold camp that has played a formative role in their…
US stocks march up, Nov. 10-14
U.S. equities are up for the fourth straight week. The Dow Jones Industrial Average advanced 60.81 points to 17,634.74, while the S&P 500 Index rose 7.9 points to a record high of 2,039.82. The Nasdaq Composite Index climbed 56.01 points to…
TSX Venture rebounds, Nov. 10-14
The S&P/TSX Venture Composite Index squeaked out a gain due to a late-week surge during the trading period, closing up 6.37 points at 776.63 points. Gains were underpinned by stronger metal futures despite China’s slower industrial…
Met coal producers prepare for long price weakness
The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,…
Transparency Act brings miners new reporting duties
It will soon be mandatory for Canadian mining and oil and gas companies to report payments to foreign and domestic governments — including, eventually, First Nations governments in Canada.
Odds ‘n’ sods: Mining the Memories – Tough muckers
Many of the miners — or muckers, as those men who loaded the ore cars were called — came to Canada from Europe after the First and Second World Wars in search of a more peaceful life where one could earn an honest dollar, without…