Vale may sell part of its base metals division
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.
Iron Ore
Wood Mac sees stronger prices for copper, nickel, zinc
Falling energy and metal prices are leaving many investors in the mining space anxious about what lies in store next year. Julian Kettle, head of metals and mining research at Wood Mackenzie in London, recently took time to speak to The…
Cliffs’ Bloom Lake faces uncertain future
Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.
Editorial: Iron ore prices – Where’s the bottom?
As the daylight hours shorten and winter chill takes hold of the iron ore mines and surrounding communities in the Labrador Trough, it’s as good a symbol as any of the deep freeze that is engulfing the global iron ore market, as spot…
HSBC cuts iron ore price forecasts
The current iron ore market “looks like a game of chicken where no player has blinked,” says the Hong Kong and Shanghai Banking Corp.
Iron ore price collapse claims more victims
Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third…
Editorial: Miners smile at falling oil prices
Mining companies struggling to cut cash costs have caught a welcome break in September and October, as global oil prices have fallen sharply to two-year lows.
US stocks tumble, Sept. 29-Oct. 3
U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to…
Innu First Nations return ‘Stones of Shame’ to Rio Tinto
In a symbolic gesture the Innu First Nations of Uashat Mak Mani-Utenam and Matimekush-Lac John returned two iron-ore boulders to Iron Ore Co. of Canada’s (IOC) head office in Montreal. IOC is majority-owned by Rio Tinto. The boulders were…
Commentary: Plan Nord+ – Fresh breezes from the Belle Province
Having just recently attended the Precious Metals Summit in Beaver Creek, Colo., and the Denver Gold Show, I was pleased to see that even with dampened enthusiasm on the show floors due to the downward-trending price of gold, there was plenty…
Editorial: Iron ore prices – grim and grimmer
If you thought around mid-year that the iron-ore market couldn’t get any worse, September was a bit of a shocker.
US stocks advance, Aug. 18-22
U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to…