TSX drifts higher over holiday-shortened Apr. 3-6 trading week
Over the Good Friday-shortened Apr. 3-6 trading week, the S&P/TSX Composite Index inched up 96.8 points or 0.5% to 20,196.69. The S&P/TSX Global Mining Index added 0.41 points or 0.4%…
Coal
Biden earmarks US$450M for clean energy projects at coal mines
The United States has set aside US$450 million to advance clean energy projects on current and former mine sites, with special attention to those that can provide new economic opportunities…
Teck rejects US$23B takeover bid from Glencore
Canada’s Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), the country’s largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore (LSE: GLEN). The…
Video: Patricia Mohr outlines Canada’s key advantages in the critical minerals space
Canadian Mining Journal Editor-in-Chief Tamer Elbokl spoke with economist, founder of the publication Critical Metals for a Sustainable World, and former vice-president with Scotiabank, Patricia Mohr at PDAC 2023 in…
The View from England: Myopic politicians seeing nuclear at last
Politicians everywhere have a tendency to make decisions based on short-term outcomes that might become catastrophic in the long term. There are few better examples of this than legislation in…
WoodMac expects steel, aluminum and copper to benefit most from renewed Chinese growth
A new report by market analyst Wood Mackenzie argues that steel, aluminum, and copper stand to benefit most from an uptick in China’s gross domestic product growth this year. WoodMac…
U.S. inflation knocks NYSE lower last week
The Dow Jones Industrial Average fell 873.83 points or 2.6% to 32,816.92 during the Feb. 21-24 trading period after the U.S. Commerce Department reported higher-than-expected inflation for January of 6.4%…
Teck Resources becomes Teck Metals as it spins off coal unit
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, announced major changes on Tuesday, switching its name to Teck Metals Corp. and spinning off its multibillion-dollar steelmaking coal unit…
Teck Resources confirms mulling a coal business spin-out
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), has confirmed it is considering spinning out to shareholders its metallurgical coal business, sending shares up more than 10% on Thursday. The…
Every element of South Africa’s ‘just energy transition’ is in question
This year’s Mining Indaba conference was notable for two things. One was the prominent presence of both Chinese and U.S. delegations looking for critical minerals partners in Africa. The other…
VRIC 2023: Former Western premiers slam feds on resource leadership
Concern is growing over the federal government’s seeming inability to leverage Canada’s vast natural resource endowment as it navigates the uncertain global geopolitical and economic landscape, an industry event in…
B.C. mineral exploration expenditures hit a record in 2022, says Premier
British Columbia-focused mineral explorers set a new spending record in 2022, hitting $740.4 million, announced Premier David Eby on Monday during an industry event in Vancouver. The figure surpasses the…