Editorial: Copper, iron, oil, gold prices all head south
Miners across the globe gritted their teeth in mid-November as commodity prices slumped further, continuing a decline that began more than a month ago.
Iron Ore
Adventures in automation
Leaders in the mining industry are starting to recognize that automation is part of the answer to the sector’s productivity problems, says Michael Murphy, chief engineer, mining technology enabled solutions with leading mining sector…
How analytics is transforming mining
After the excess investment and focus on production volume during the commodities supercycle, the new mantra of the mining sector is all about productivity.
BHP, Vale scramble to cope with Samarco disaster
VANCOUVER — Mining giants BHP Billiton (NYSE: BHP; LSE: BLT) and Vale (NYSE: VALE) haven’t offered much detail about a large-scale tailings dam breach at the Samarco iron ore joint venture in Brazil’s Minas Gerais state,…
Oceanic’s creative Sinohydro deal keeps Ungava project alive
Sinohydro, one of China’s oldest state-owned enterprises set up shortly after chairman Mao Zedong’s Communist party swept to power in 1949, says it is “willing and ready” to become an equity shareholder in Oceanic Iron…
Facts ‘n’ figures – Potash bid tops Q2 M&A activity: KPMG report
The following is an edited excerpt from KPMG’s Mining M&A Quarterly Newsletter. For more information and to see the full report visit www.kpmg.com
Capstone gets positive EIA, mulls new plan at Santo Domingo
With iron ore prices down by 31% in the last year, Capstone Mining (TSX: CS) is contemplating a different development plan for its 70%-owned Santo Domingo copper-iron project in Chile.
Evrim sees opportunity amid struggling markets
VANCOUVER — For project generator Evrim Resources (TSXV: EVM; US-OTC: EMRRF) the ongoing down swing in commodity markets provides an opportunity to pick up previously unobtainable projects with promising exploration histories.
Lundin faces scrutiny in Chile
Less than a year after Lundin Mining (TSX: LUN) acquired an 80% stake in Freeport-McMoRan’s (NYSE: FCX) Candelaria copper mine in Chile in a deal worth $1.8 billion, a Chilean environmental regulator has filed charges against the…
China’s Zijin Mining buys into Barrick, Ivanhoe assets
Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…
Labrador Iron Ore Royalty could become takeover target
Osisko Gold Royalties (TSX: OR) has amassed a 9.8% stake in Labrador Iron Ore Royalty (TSX: LIF) since the beginning of the year, and of that, 7.2% was acquired in the first quarter, Osisko noted in its quarterly financial statements.
Tata Steel buys LIM’s 49% stake in Howse deposit
Tata Steel Minerals Canada (TSMC) acquired a 51% stake in Labrador Iron Mines’ (TSX: LIM) Howse iron ore deposit in Labrador for $30-million cash in 2013.