Strike freezes production at Mandalay’s Cerro Bayo mine
Mandalay Resources (TSX: MND) has suspended operations at its Cerro Bayo silver-gold mine in southern Chile, after unionized workers went on strike.
Industrial/Specialty Minerals
Molycorp strikes restructuring deal with creditors
In the first quarter of 2015, Molycorp (NYSE: MCP) reported higher production volumes from its Mountain Pass rare earth facility in California, and yet posted negative cash flow from operating activities of US$73 million and a loss attributable…
TSX inches up, June 22-26
Canada’s benchmark index added 1% to finish at 14,808.09, despite concerns rising over the Greek debt crisis. The S&P/TSX Capped Diversified Metals & Mining Index, however, slipped 0.8% to 695.56. The S&P/TSX Global Gold Index…
PotashCorp aims to regain market influence with K+S bid
VANCOUVER — Canadian giant Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is considering a mega deal for Germany’s K+S Aktiengesellschaft that could materially change the landscape in the fertilizer…
US equities rise, June 15-19
U.S. stocks eked out gains, despite concerns about whether Greece would reach a deal with its lenders to avoid a default. The Dow Jones Industrial Average climbed 0.6% to 18,014.28, while the S&P 500 Index added 0.7% to 2,109.99. The Nasdaq…
Zenyatta hits PEA milestone at Albany
A positive preliminary economic assessment (PEA) on Zenyatta Ventures’ (TSXV: ZEN; US-OTC: ZENYF) Albany hydrothermal graphite project in northern Ontario shows the deposit could be a viable long-life, low-cost graphite producer.
Lara drills good copper grades in Brazil
Prospect-generator Lara Exploration (TSXV: LRA; US-OTC: LRAXF) has a portfolio of mineral properties across South America with some heavyweight partners, but its Curionopolis copper project in Brazil’s Para state seems to be the one…
Editorial: Cockpit capers in Jamaica
A mining scandal touching the highest levels of government has erupted over the past couple of months in Jamaica, traditionally one of the world’s great centres for bauxite mining, with companies such as Alcan, Kaiser and Alpart active in…
US stocks stumble, June 1-5
U.S. equities fell on the back of a strong jobs report that showed an improvement in the economy, increasing the chances that the Federal Reserve would hike interest rates in September. The Dow Jones Industrial Average dropped 0.9% to…
Analysts weigh in on BHP spinoff South32
In April BMO Capital Markets initiated coverage of BHP Billiton (LSE: BLT) spin-off South32, (LSE: S32; US-OTCBB: SOUHY)commenting that the shares of the newly created mining company “represent a more compelling investment than BHP…
TSX closes in the red, May 25-29
Concerns of a shrinking economy drove Canada’s main stock index down 1.2% to close at 15,014.09. The S&P/TSX Capped Diversified Metals & Mining Index decreased 2.7% to 727.52, and the S&P/TSX Global Mining Index retreated 1.7%…
Thompson Creek mastering Milligan’s mill,but shutters Endako mine
VANCOUVER — It’s a tale of two B.C. mines for producer Thompson Creek Metals (TSX: TCM; NYSE: TC). The company is achieving operational reliability at its low-cost Mount Milligan copper-gold asset, and it also put its Endako…