Metals Commentary: Indonesia export ban crimps China’s bauxite supply: Wood Mackenzie
The following is an edited commentary by U.K.-based metals and energy analysts Wood Mackenzie.
Industrial/Specialty Minerals
Site visit: Mega Precious goes monumental
MONUMENT BAY, MANITOBA — Make no mistake about it, Mega Precious Metals’ (TSXV: MGP) Monument Bay project is a serious gold play. With 3.6 million global ounces of gold already outlined, this property in northeastern Manitoba has…
PotashCorp beats Q1 earnings estimates
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is off to a good start, as it has reported strong first-quarter 2014 earnings, beating the company’s guidance and analyst expectations and bumping up its full-year forecast.
TSX moves up, April 21-25
Canada’s benchmark index gained during the week despite rising tensions in Ukraine, with the S&P/TSX Composite Index moving up 33 points to 14,533.57.
Ontario gov’t reignites Ring of Fire with $1B pledge, First Nations agreements
VANCOUVER — The Ontario government is offering up $1 billion to build a transportation corridor into the Ring of Fire camp in remote northern Ontario, and the funds are the latest in a series of government moves to restore interest in an…
Inmet alumnus Tilk to replace Doyle as PotashCorp CEO
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has surprised analysts by revealing that its long-time president and CEO Bill Doyle will be replaced in July by mining veteran Jochen Tilk, who apparently has no potash or fertilizer…
Metals Commentary: What’s behind molybdenum’s dramatic price response
Molybdenum prices in Europe have risen rapidly after the World Trade Organization (WTO) confirmed that the export duties and quotas imposed by China on molybdenum are incompatible with its WTO obligations. This report concludes a dispute…
TSX dips, April 7-11
The S&P/TSX Composite Index fell 135.41 points during the trading week to close at 14,257.69. The S&P/TSX Capped Diversified Metals & Mining Index jumped 12.55 points to 814.81. The S&P/TSX Global Gold Index slipped 1.07 points…
Verde Potash pushes Cerrado ahead
VANCOUVER — With a prefeasibility study in hand and a major funding deal arranged with the Brazilian government, Verde Potash (TSX: NPK; US-OTC: AMHPF) is pushing its Cerrado Verde project in Brazil towards production.
Mosaic cuts 51 workers across Saskatchewan
Mosaic’s (NYSE: MOS) decision to lay off 51 workers across its potash division in Saskatchewan — or just under 2% of its workforce in the province in Western Canada — is not as dramatic as Potash Corp. of Saskatchewan’s…
Tesla drives momentum for Western Lithium
When electric-carmaker Tesla Motors (NASDAQ: TSLA) announced on Feb. 26 that it would build the world’s largest lithium-ion battery factory in the U.S., Western Lithium (TSX: WLC; US-OTC: WLCDF) surged 36% to 72¢ per share, with…
China loses REE dispute at WTO
A dispute panel at the Word Trade Organization (WTO) has reached a strong decision against the Chinese government policy of restricting exports of rare earth minerals, tungsten and molybdenum — all key ingredients in high-value, high-tech…