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.
United States
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…
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,…
Uranium stocks jump on Japanese nuclear restart news
Uranium prices and uranium stocks spiked in early November after politicians in Japan’s Kagoshima Prefecture, including governor Yuichiro Ito, approved two nuclear reactor restarts in the country.
TSX continues winning streak, Nov. 3-7
The S&P/TSX Composite Index gained for the fourth straight week, up 77.51 points to close at 14,690.83. Gold and diversified miners both added 10 points, with the S&P/TSX Global Gold Index ending at 144.86 and the S&P/TSX Capped…
US stocks soar, Oct. 27-31
U.S. equities gained as the American economy showed signs of improvement.
Geologic Materials Center opens in Alaska
The state of Alaska’s geological collection has a new home in Anchorage.
PotashCorp eyes stong 2014 finish
Despite Potash Corp. of Saskatchewan’s (TSX: POT; NYSE: POT) third-quarter profit declining 11%, it expects to finish the year on an upbeat note.
Antofagasta to buy Duluth Metals
VANCOUVER — Chilean copper miner Antofagasta (LSE: ANTO; US-OTC: ANFGY) and Toronto-based explorer Duluth Metals (TSX: DM; US-OTC: DULMF) are joint-venture partners in the Twin Metals Minnesota…
Editorial: Hunts’ silver play the stuff of legend
Few individuals have lived lives large enough to be immediately associated with a particular commodity. Think oil and J.D. Rockefeller; steel and Andrew Carnegie; and diamonds and the Oppenheimer family. For silver, it’s the Hunt brothers…
Rob McEwen defies gravity
Commercial flights to the edge of space on Virgin Galactic’s SpaceShipTwo are supposed to start in March 2015, after the company’s billionaire founder Richard Branson and his son Sam make the trip first.
Allied Nevada advances US$1.4B Hycroft plan
VANCOUVER — It’s been a tough year for producer Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) as it has moved through lower-grade areas at its flagship Hycroft mine, 87 km west of Winnemucca, Nev. The company is hoping an…