Industrial metals where is the demand that stocks signals
The industrial metals sector is so far this year the second-worst performing sector after precious metals, according to both the DJ-UBS and S&P GSCI commodity indices. Precious metals have been...
View ArticleXstrata to bring Canada’s fabled coal mines back to life
Although East Canada's legendary coal mines of Cape Breton, Nova Scotia, closed a decade ago, the chances are good for the Maritimes to soon be back in the coal business, Nova Scotia's deputy premier,...
View ArticleIron ore price drops 4 to 3-month low
The benchmark CFR import price of 62% iron ore fines at China's Tianjin fell $6.10 or 4.4% on Thursday, continuing a sharp correction since hitting 16-month highs mid-February. Iron ore was changing...
View ArticleHochschild profits shares hit by low silver price
shares are down nearly 5% on the day and profits were down 50% the year ending December 2012. 2012 was not kind to Hochschild as the miner's sales were also down 17% to $817 million. Hochschild blames...
View ArticleChinas central bank lukewarm on gold
Xinhua quotes vice governor of the People's Bank of China, Yi Gang as saying that the country's gold reserves are at 1,054 tonnes - a number officials haven't altered since 2009. Yi also poured cold...
View ArticleDiamond Fields Advised of De-Listing on Toronto Stock Exchange
Diamond Fields is also arranging for listing on the TSX Venture Exchange under a streamlined process, subject to the outcome of its appeal to the TSX. DIAMOND FIELDS INTERNATIONAL LTD. SIGNED: ...
View ArticleDelving deeper into Colombias mining issues
Colombia is currently one of the world’s more enigmatic mining jurisdictions. There is no denying that country's lost "cocaine" years have left it with swaths of unrivalled prospective ground ripe for...
View ArticleMINING PEOPLE Candente Gold North American Nickel Scorpio Mining and Unigold
in Vancouver. He is the former chairman and CEO of Falconbridge, deputy chairman of Noranda. and CEO of Noranda Minerals. Balogh has served as chairman of the International Council on Metals and the...
View ArticleOFFERING Goldcorp prices $1.5-B notes
VANCOUVER - Goldcorp plans to issue US$1.5 billion in aggregate principal amount of notes, consisting of US$500 million aggregate principal amount of 2.125% notes ...
View ArticleA.M. Kitco Metals Roundup Gold Lower as Stronger Greenback Squelches Bulls
Gold prices are moderately lower in early morning U.S. trading Thursday. The stronger U.S. dollar index that scored another fresh 7.5-month high overnight continues to limit buying interest not only in...
View ArticleEndeavour Silver boosts capex with two concentrates-offtake agreements
TORONTO (miningweekly.com) – Mexico-focused mid-tier precious metals producer Endeavour Silver has signed two contracts to sell its silver/gold concentrates and facilitate higher production in 2013...
View ArticleWoulfe Mining appoints interim CEO
TORONTO (miningweekly.com) – South Korea-focused Woulfe Mining, which is constructing the Sangdong tungsten/molybdenum mine, has appointed ...
View ArticleCanada poison-pill plans to make hostile takeovers tougher
TORONTO – Canadian regulators unveiled proposals on Thursday on the use of poison pills as a takeover defense that are likely to make hostile corporate takeovers in the country more difficult. The two...
View ArticleGov’t reopens doors to mining
The government is reopening its doors to mining applications, according to the Mines and Geosciences Bureau (MGB). "The lifting of the moratorium means that the country is now ready to implement...
View ArticleEuropean pact on Mars mission signed
The European Space Agency and Russia's Roscosmos space agency have formally signed an agreement to cooperate on a science mission to Mars, officials said. Under the formal agreement signed at ESA's...
View ArticleSalazar Releases Findings of Shell Drilling Review
Federal officials say a review of Shell's 2012 Arctic Ocean offshore drilling program shows the oil giant was not fully prepared to launch its trouble-plagued operations and also fell short in...
View ArticleUPDATE 1-Molycorp posts loss on writedown to cut jobs
Thu Mar 14, 2013 6:20pm EDT * Rare earth miner posts loss on writedown, costs * Seasonal weakness expected in first half 2013 * CEO undertaking reorganization, cutting jobs * Still expects Mountain...
View ArticleChina sets moon mission re-entry test
China says it will conduct re-entry tests before 2015 of a spacecraft to be used in a mission to have a lunar explorer probe bring lunar soil samples to Earth. The Chang'e-5 sample mission will be...
View ArticleU.S. Wants More Details Before Shell Can Resume Arctic Drilling
Royal Dutch Shell PLC (RDSA) will need to provide more detailed plans before it can make another attempt to drill off the coast of Alaska, the U.S. Department of the Interior said following a review of...
View ArticleIs the price of gold manipulated Libor-style
The Commodity Futures Trading Commission (CFTC) is trying to determine whether or not the daily setting of gold and silver prices is subject to manipulation in a way similar to the fixing of ...
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