Mercator on life support
Financially troubled producer Mercator Minerals (TSX: ML; US-OTC: MLKKF) has filed for protection from its creditors in Canada and the U.S.
Industrial/Specialty Minerals
Rare Element sees ‘significant change’ in REE markets
VANCOUVER — It’s been over two years since U.S.-based Rare Element Resources (TSX: RES; NYSE-MKT: REE) released an economic study on its Bear Lodge rare earth minerals property in northeastern Wyoming, and according…
Start small in the Ring of Fire, Noront CEO says
There’s no question that massive infrastructure will need to be built in order to mine the large chromite deposits in the Ring of Fire, says Noront Resources (TSXV: NOT) president and CEO Alan Coutts.
Flinders to buy Big North Graphite
Vancouver-based graphite producer Flinders Resources (TSXV: FDR; US-OTC: FLNXF) is moving to acquire Big North Graphite (TSXV: NRT).
Rio Tinto’s profits improve as hard-won cost savings take hold
VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on…
PotashCorp ups 2014 earnings forecast
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has upped its full-year earnings guidance for the second time this year after a better-than-expected second-quarter profit of US$472 million.
Problems at Ambatovy hurt Sherritt’s Q2 earnings
Sherritt International (TSX: S; US-OTC: SHERF) reported a $30.1-million net loss in the second quarter, largely due to its Ambatovy joint-venture nickel–cobalt project in Madagascar, where it reduced the project’s annual…
Building roads to resources a priority, says NWT premier
Mining is the largest industrial sector in the Northwest Territories (NWT), and building transportation and other important infrastructure is the key to unlocking its potential, NWT Premier Bob McLeod said at a symposium in Toronto on Aug. 6.
Commentary: Road to Ring of Fire is paved with legal briefs
Now that Cliffs Natural Resources has finally won a round in Ontario’s legal system, are they any closer to gaining access to their Ring of Fire chromite motherlode?
Minco plans Maritime manganese mine
VANCOUVER — Dublin-registered Minco PLC (LSE: MIO) is planning to produce high-grade manganese from its Woodstock project in New Brunswick for 25% below the industry’s average cost, and supply the North American and European steel…
General Moly aims to restart Liberty moly-copper mine in Nevada
VANCOUVER — Molybdenum oxide prices have been on the rise over the past six months — jumping 40% to sit at US$13.40 per lb. at press time — and that’s good news for U.S.-based General Moly (TSX: GMO; NYSE-MKT:…
Alderon Iron Ore signs offtake deal with Glencore
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has secured a second offtake agreement for iron ore from its 75%-owned Kami project in the Labrador Trough, bringing it one step closer to a financing agreement for the US$1.3-billion project.