Xstrata drops Lonmin offer, then stocks up
The same day that it dropped a hostile US$10-billion bid for Lonmin (LNMIF-O, LMI-l), Xstrata (XSRAF-O, XTA-l) increased its stake in the platinum miner to nearly 25% — buying 22.2 million shares at …
Glencore plc
Editorial: More pain, no gain
The week ended Oct. 4, the 40th trading week of 2008, was again characterized by global economic uncertainty stemming from the U. S. banking crisis. Miners and mineral explorers are now feeling the pa…
Stingray pushes on in Mexico’s Sonora
Stingray Copper (SRY-T) is pushing ahead with its El Pilar copper porphyry project in Mexico’s Sonora region in dif…
FNX on target to bring LFD to production (September 29, 2008)
Vancouver — FNX Mining (FNX-T, FNXMF-o) has defined an initial resource for what will likely be the next production target at its Levack mine complex, about 30 km northwest of Sudbury, Ont.
Waratah’s coal project nixed in Queensland (September 22, 2008)
An environmental ruling against Waratah Coal’s (WCI-V, WGO-A) multibillion-dollar proposal for a major coal port development on the east coast of Australia has crushed the stock. On the news, Waratah …
FNX on target to bring LFD to production (September 17, 2008)
Vancouver – FNX Mining (FNX-T) has defined an initial resource for what will likely be the next production target a…
Editorial: It’s closin’ time
Mine closings and layoffs. Yes, with metal prices pulling back sharply this past half year, we’ve finally reached that painful inflection point in the commodity cycle where mine suspensions and closin…
Linear drills KM61 moly discovery
SITE VISIT ARMSTRONG, ONT.–If there is one character trait that a geologist must have, it is perseverance, and Matt Rees, chief geologist of Linear Metals (LRM-T, LMTCF-O), certainly possesses this…
Aussie junior Waratah Coal takes Queensland by storm
It’s a coal exploration company that many investors in Toronto may never have heard of, but Waratah Coal (WCI-V, WGO-A) is certainly making a big splash in Australia.
Barrick’s Q2 strong despite rising costs
Despite a 91% jump in oil prices, which averaged US$124 per barrel in the second quarter compared with US$65 per barrel in the same quarter a year ago, Barrick Gold’s (ABX-T, ABX-N) second-quarter rev…
Xstrata eyes Lonmin’s platinum
Xstrata (XSRAF-O, XTA-L) wants to widen its reach in its efforts to become the world’s pre-eminent diversified miner.
EDITORIAL: Oil, metals and Russia’s triumph
Despite political upheaval in the world, the broad decline in oil and mineral prices picked up steam during the week ended Aug. 9, the 32nd trading week of 2008, much to the detriment of resource comp…