Volatility returned with a vengeance to the gold markets as February drew to a close. The spot gold price tumbled US$92.10, or 5%, in a matter of hours to US$1,691.80 per oz. at presstime, resulting in the biggest one-day loss since…
Copper could see above-trend production increases in 2012, Bank of America Merrill Lynch asserts in a Jan. 24 report on base metals. The bank’s global commodity research team forecasts a more balanced market by 2013, “which could…
In a sign of the times that would make any union leader do a double take, Rio Tinto has announced that it and a minority partner will spend US$518 million on robotrains to haul its iron ore in Western Australia’s Pilbara region.
This is one of those “good problems” you hear about from time to time in business. After weathering the punishing collapse in demand for commodities that began in 2008 and dragged on for more than two years, the mining industry has…
Canada’s uranium began a whole new chapter in its history in early February with the landmark agreement to open wide the country’s uranium production and nuclear technology to customers in China, undoing decades of Cold War-ish…
During my forty years in the mining business I have listened to hundreds of stories about lost mineral showings, rich gold deposits just over this hill or that, odd-looking rock types that elude scientific description and even fur trappers…
The month of January closed out with Vale having temporarily halted all underground mining at its five nickel mines in Sudbury, Ont., following the death of a miner at the Coleman mine on Jan. 29.
There always has been, and still is, a problem integrating geophysics into geology.
Showing just how hard it is these days to find high-quality primary silver prospects to buy, Pan American Silver has turned some silver bugs’ heads by easing up on its long-held silver purity and tabling a friendly $1.5-billion offer for the…
The first article in this series (TNM Dec. 5-11, 2011) examined what a royalty is, the different ways it can be structured and used and its history in Canadian mining. The series continues with a look at which royalty structure is appropriate…
A report by Thomson Reuters-owned metal market analysis firm GFMS predicts the price of gold will rally to all-time highs later this year before reaching the closing stages of its decade-long bull run sometime in 2013.
Mid-January served up a good example of how downward lurches in the world’s sovereign debt crises don’t automatically translate into upswings in gold and silver prices.
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