Top investors seek damages from Glencore over prospectus claims
Swiss trader and miner giant Glencore (LSE: GLEN) has been accused by a group formed by some of the world’s biggest asset managers of hiding its corrupt activities through misleading…
Coal
TSX winners Aug. 21-25 include Cameco, Teck, Perpetua and Laramide
Over the Aug. 21-25 trading period, the S&P/TSX Composite Index added 17.36 points or 0.09%, to 19,835.75. The S&P/TSX Global Mining Index inched up 1.73 points or 1.7% to 102.88…
Have the bears finally got it right on China?
August is proving to be a difficult month for the mining sector. That’s being led by weak economic news on China. The narrative here has been extremely bearish. In fact,…
JSW Steel considers 75% interest in Teck’s coal business
JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) steelmaking coal business, according to a Bloomberg report In July,…
Ramaco shares dive as coal outlook softens, board okays rare earths buildout
U.S.-based coal miner Ramaco Resources (NASDAQ: METC) saw its stock price fall over 13% on Wednesday amid lower sales expectations due to higher production costs in the coming months. That…
Colombia takes aim at ‘mining disorder’ with proposal limiting activity in vulnerable ecosystems
Colombia’s government made public a draft decree aimed at setting new criteria for establishing temporary natural reserves within the context of mining and environmental regulations. The decree, which can be…
The view from England: Mining in just three words
In the past month the U.K. has celebrated two memorable anniversaries. We have marked the founding of the National Health Service (NHS) 75 years ago, and also our 650-year unbroken…
Carbon credits and mining: Paving the way for net-zero goals and sustainable strategies
As miners grapple with how they’ll meet their future net-zero commitments, carbon credits are likely to be part of the answer. The dual benefits of embracing carbon credits are compelling…
TSX rises 3.8% over June 26-30 trading week
Over the June 26-30 trading period, the S&P/TSX Composite Index advanced 737.06 points or 3.8% to 20,155.29. The S&P/TSX Global Mining Index rose 2.01 points or 1.93% to 106.16 and…
Canada’s Top Ten: Barrick leads this year’s list of miners by market cap
Barrick Gold (TSX: ABX; NYSE: GOLD) returned as Canada’s largest mining company on the Toronto Stock Exchange, displacing last year’s leader Nutrien (TSX: NTR), which plummeted in market value by…
Glencore bids for Teck Resources coal unit
Glencore (LSE: GLEN) confirmed on Monday it had approached Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) with a proposal to buy the Canadian miner’s steelmaking coal business, in the latest…
Labour costs will soon beat oil as mine’s biggest expense, new data indicate
Labour costs are replacing oil products as a mine’s most expensive item as inflation impacts operating expenses more than capital costs, new reports show. Wages for some copper and gold…