Glencore to shut Australian coal mines temporarily
Glencore (LSE: GLEN) says it plans to shut down its coal operations in Australia for three weeks starting from mid-December due to slack demand and weak prices.
Glencore plc
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.
NRC program aims to realize ‘full potential’ of Canada’s Arctic
VANCOUVER — Natural resource development in Canada can come with unique challenges owing to isolated locales and frigid weather. But the federal government is hoping it can make life a bit easier for miners and other parties involved…
Iamgold sells Niobec mine to ex-CEO of Barrick
Former Barrick Gold (TSX: ABX; NYSE: ABX) CEO Aaron Regent is back in action.
Editorial: Glencore backs off run at Rio Tinto, for now
Last week we highlighted the shocking collapse in iron-ore prices in September, with spot prices down more than 40% for the year, and trading below US$80 per tonne in China — the world’s largest importer — and gave a heads-up…
Fednav sends nickel through the Northwest Passage
On Sept. 19 the MV Nunavik embarked on a historic 29-day journey from Deception Bay in Quebec’s far north to deliver 21,000 tonnes of nickel concentrate to Bayuquan, in China’s Liaoning province.
Sudbury Platinum advances Aer-Kidd
Privately held Sudbury Platinum, in which project-generator Transition Metals (TSXV: XTM; US-OTC: TNTMF) holds a 57% stake and Royal Nickel (TSX: RNX; US-OTC: RNKLF) a 23% interest, has acquired 100% ownership of the Aer-Kidd project, 20…
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.
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…
Mining’s slow march towards workforce diversity
VANCOUVER — Glencore Xstrata (LSE: GLEN) will appoint a woman to its board by year-end, a move that will end its stance as the only British blue-chip company with an all-male board.
Orbite eyes high-grade alumina production in 2015
Orbite Aluminae (TSX: ORT; OTCQX: EORBF) says its high-purity alumina (HPA) plant in Cap-Chat, Que., is on track to reach commercial production early next year.
Trevali’s Caribou looks profitable
Trevali Mining (TSX: TV; US-OTC-TREVF) is firing on all cylinders, with commercial production underway since February at its Santander zinc–lead–silver mine in Peru, and a preliminary economic assessment (PEA) newly wrapped up at…