Big changes at De Beers Canada
In a plan that is expected to be complete by the end of next June, De Beers Canada is moving its headquarters to Calgary from Toronto as part of a…
Commodities Markets
Editorial: Teck, Freeport burned by falling oil and gas prices
It must have seemed like a good idea at the time a few years ago when Teck Resources and Freeport-McMoRan management bought deeper into the oil and gas sector and diversified further away from their mining businesses, but those decisions to…
Caterpillar launches major restructuring
Heavy equipment manufacturer Caterpillar (NYSE: CAT) will transform how its mining, customer and dealer divisions operate with an eye toward increasing efficiency and customer satisfaction.
TSX falls, Sept. 21-25
Anxiety about global growth soured investor appetite for risk, with data showing Chinese factory activity shrank to a six-and-a-half-year low in September, while U.S. manufacturing growth in the same month stayed at a two-year low.
Editorial: Signs of life in copper market
Glencore’s surprise decision to cut back its copper production coupled with stronger-than-expected Chinese copper import data have had a salutary effect on copper prices, which jumped 5% on Sept. 8 to record their biggest one-day…
Analyst: Oban’s four-way merger should inspire weary juniors
Market realities are starting to bite, and the combination of Oban Mining (TSX: OBM) with three other companies is a good model to emulate at a time when most management teams in the junior mining sector are struggling to keep their…
Editorial: Graphite and REE juniors are suffering, too
While they have a lower profile than the mining companies who are chasing after major commodities like gold, copper and iron, junior companies associated with graphite and rare earth elements have also endured a four-year bear market for their…
Gekko heads to Arctic with Hope Bay contract
Gekko Systems, a mineral processing and modular plant design firm, has won a contract for work on TMAC Resources’ (TSX: TMR) flagship Hope Bay gold project in northwest Nunavut.
SGS expands Corescan service in North America
SGS has enhanced its hyperspectral analysis capability in North America by adding a mobile unit, based in Canada.
Asian, African miners more likely to switch heavy equipment suppliers, Timetric survey says
A survey of buyers and senior decision makers at more than 500 mines across the globe wide shows that most Asian and many African miners anticipate switching major equipment manufacturers in the next five years.
Editorial: Commodities prices follow China’s economy south
China’s slowing economy and sinking stock market are wreaking havoc on already oversupplied commodity markets around the globe.
Strong headwinds for thermal coal
A year ago, South Africa’s Exxaro Resources (JSE: EXX; US-OTC: EXXAY) agreed to pay US$472 million to acquire 100% of Total’s (NYSE: TOT) South African thermal coal unit Total Coal South Africa Pty., which includes a majority…