Peregrine shares drop on dilutive $15M financing
Shares in Peregrine Diamonds (TSX: PGD) fell by more than 20% on news of a $15.1-million rights offering that could dilute the stock by 100%.
BHP Billiton
BHP plans spinoff to focus on ‘four pillars’
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is driving to simplify its portfolio.
U.S. markets end in positive territory, June 30-July 3
U.S. markets rebounded sharply on the back of strong jobs data before closing on July 4 for the Independence Day holiday. The U.S. economy added 288,000 non-farm jobs in June and revised data from the Labour Department showed that the…
Canadian diamond exploration perks up
For years it seemed that juniors were fleeing from diamond exploration — and for good reason.
Annual mining profits tumble 72% to lowest point in a decade
VANCOUVER — It’s no secret that 2013 was a rough year in the mining business, but PwC’s eleventh annual global trends analysis — entitled Mine 2014: Realigning Expectations — shed some light how just how grim…
Anfield sells Mayaniquel to Cunico
VANCOUVER — Despite a resurgence in nickel prices — which hit a 14-month high on April 18 — it looked like junior Anfield Nickel (TSXV: ANF; US-OTC: ANCKF) was going to have trouble footing the US$950-million development…
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…
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…
Capstone more than doubles Pinto Valley mine life
VANCOUVER — Six months after buying the Pinto Valley mine, Capstone Mining (TSX: CS; US-OTC: CSFFF) has shown that the copper–molybdenum–silver mine can be operated for at least eight extra years and produce a billion more…
Commentary: Coal down but not out
The following is an edited excerpt of a speech about the global outlook for coal by Dean Dalla Valle, president of BHP Billiton Coal, at the CEDA Energy and Resources series in Brisbane, Australia, where BHP has consolidated its metallurgical…
U.S. equities slip, Feb. 17-21
Economic indicators in the U.S. were mixed, with the dollar falling at the start of the week to its lowest level since January and data mid-week showing housing starts in January posted their largest drop in three years, while U.S. factory…
Mamba Minerals tables offer for Champion Iron
Champion Iron Mines (TSX: CHM; US-OTC: CPMNF) brought its Consolidated Fire Lake North project in the Labrador Trough to the prefeasibility stage, and Mamba Minerals (ASX: MAB) believes it has what it takes to advance the iron-ore project all…