Vale S.A.

Dofasco to buy Quebec Cartier for $306m

Venerable steelmaker Dofasco (DFS-T) owns a third of iron ore producer Quebec Cartier Mines (QCM) and has agreed to buy the remaining two-thirds from Companhia Auxiliar de Empresas…


BHP dismisses rumours of WMC bid

News reports of a pending bid for WMC Resources (WMC-N) by BHP Billiton (BHP-N) are “market speculation,” the compa…



Alcoa shines in U.S.

U.S. stock markets rose slightly over the period Aug. 25-31. The S&P 500 index was up eight points, or 0.73%, and the Dow Jones Industrial Average gained 0.74%, or 75.29 points, to close at 10,173.92 points.


Vaaldiam personnel sampling the Tumeleiro 3 kimberlite pipe at Pimenta Bueno. A 163-kg sample Rio Tinto collected from the pipe in the mid-1990s graded 17.84 carats per tonne.

Vaaldiam hunts for Brazilian diamonds

A rejuvenated Vaaldiam Resources (VAA-V) has been busy these past eight months carrying out grassroots exploration on its Pimenta Bueno diamond property in Brazil.



CVRD likes China’s coke

Over the period ended July 13, Brazil’s CVRD announced its first-ever direct investment in China in the form of a joint venture to produce coke fuel with China’s Yankuang Group and Japan’s Itochu Corp.


Golds lose steam during holiday week

The report period June 29-July 6 saw reduced activity caused by Canada Day and, south of the border, Independence Day. Gold closed down $9.75 to finish at US$394.50 per oz. in the afternoon of July 6 in London. The gold index was down by 0.04 poin…


CVRD eyes Noranda

Shares in Noranda (NRD-T) shot up $2.56, or nearly 12%, to $24.55 in morning trading on Wednesday, after media repo…


Alcoa sinks

Alcoa kicked off earnings season by tallying fourth-quarter net income of US$291 million, or US33 per share, on US$5.5 billion in sales, compared to a loss of US$223 million on sales of US$5.1 billio…


Dow cracks 10,000 again

The Dow Jones Industrial Average distinguished itself during the report period ended Dec. 16 by again flying past the 10,000 mark — a feat not achieved since March 2002 — and settling up 206.14 poin…


Yamana gains control of Brazilian gold mine

Vancouver — Spokane-based Yamana Gold (YRI-T) (formerly Yamana Resources) has assumed operatorship at its newly acquired Fazenda Brasileiro gold mine in northeastern Brazil.Last month Yamana paid Com…


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