BHP Billiton

Return of the commodity cycle

A study recently presented to the Department of Industry concludes that the energy industry is finding it difficult to raise investment capital, and that there is some danger the industry will cut bac…


Smooth sailing as Ekati celebrates fourth year

The Ekati mine in the Northwest Territories is celebrating its fourth anniversary on a note of considerable achievement: production of more than US$1.6 billion worth of diamonds to date.Ekati was brou…


OM whacked by UN report

Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…


Summer work in NWT yields new crop of kimberlites

More than a decade after diamonds were first found in Canada’s Far North, new discoveries of kimberlite continue to be reported in the Northwest Territories and Nunavut.An autumn drilling program on t…


Markets stage stunning rally

The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…




Golds slump in weak market

Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…


BHP shuts Anglo out of Ekati

It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…


Discouraging data dampen metals prices

Sept. 16-20 at a Glance- Copper — Chinese production rises, but net imports remain strong.- Aluminum — Company share-price declines highlight poor demand, while primary production rises.- Nickel — …


Edward Posey, president of South Atlantic Ventures and managing director of North Atlantic Natural Resources, speaks at Storliden's ribbon- cutting ceremony.

Sweden’s Storliden makes the grade

Skelleftea, Sweden — Storliden, the first new mine in Sweden in more than a decade, has begun commercial production of copper and zinc on time and under budget.Situated 140 km northwest of the city o…


Golds lead way

With prices surging US$8 into the mid-US$320-per-oz. range, producers of the yellow metal proved to be the only bright spot in the U.S. markets during the report period ended Sept. 24.The U.S.-listed …


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