TSX creeps higher, Jan. 23–27
Canada’s main stock index inched up after the first trading week since U.S. president Donald J. Trump took office. The S&P/TSX Composite Index added 0.2% to close at 15,575.81. The…
Alderon Iron Ore Corp
TSX tumbles, March 9-13
Canada’s benchmark S&P/TSX Composite Index index fell during the trading week, losing 1.5% to close at 14,731.50 points. The S&P/TSX Global Gold Index dropped 1.8% to 157.90, as the spot price for gold gave back US$10 to end at…
Wall Street rebounds, Dec. 15-19
The U.S. market climbed into positive territory following higher oil prices and the U.S. Federal Reserve reporting that it was in no hurry to raise interest rates.
Cash preservation is the name of the game at Alderon
With iron ore prices off 49% year-on-year at US$71 per tonne, Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) says it has no choice but to start a “comprehensive” cash preservation program.
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…
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…
U.S. markets fall sharply, July 28-Aug. 1
Argentina’s second debt default in 13 years — combined with more fighting in the Ukraine and Gaza, and uncertainty over Federal Reserve policy — pushed U.S. equity markets into negative territory. The S&P 500 suffered its…
Alderon Iron Ore signs offtake deal with Glencore
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has secured a second offtake agreement for iron ore from its 75%-owned Kami project in the Labrador Trough, bringing it one step closer to a financing agreement for the US$1.3-billion project.
Alderon Iron Ore satisfies all conditions for Kami
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has signed a benefits agreement with the province of Newfoundland and Labrador and received surface and mining leases for its joint-venture Kami project, which green-lights construction.
US stocks finish strong, May 27-30
U.S. equities ended the holiday-shortened trading week in positive territory.
Alderon secures power for Kami project
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) has confirmed a power supply for its Kami iron-ore project in the Labrador Trough, passing another milestone this year.
Alderon reaches deal with Labrador City
Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) is further down the road in its quest to build the Kami iron mine in the Labrador Trough.