Tata Steel buys LIM’s 49% stake in Howse deposit
Tata Steel Minerals Canada (TSMC) acquired a 51% stake in Labrador Iron Mines’ (TSX: LIM) Howse iron ore deposit in Labrador for $30-million cash in 2013.
Labrador Iron Mines Holdings Limited
Rio Tinto’s legal battle with Quebec Innu intensifies
VANCOUVER — Mega-miner Rio Tinto (NYSE: RIO; LSE: RIO) is staring down the barrel of a potentially costly legal battle with a pair of First Nation groups whose traditional Nitassinan territory covers a large part of northeastern Quebec…
Rio Tinto’s legal battle with Quebec Innu intensifies
VANCOUVER — Mega miner Rio Tinto (NYSE: RIO; LON: RIO) is staring down the barrel of a potentially costly legal battle with a pair of First Nation groups whose traditional Nitassinan territory covers a large part of northeastern Quebec…
LIM remains in limbo
Not much has happened at Labrador Iron Mines (TSX: LIM; US-OTC: LBRMF) since the company announced in June that it would suspend operations at its direct-shipping iron ore Schefferville projects in the Labrador Trough region, partly due to…
TSX takes a break, June 30-July 4
Trading on the Toronto Stock Exchange was on the downbeat during the Canada Day shortened week, with the S&P/TSX Composite Index losing nearly 69 points to finish at 15,214.96. The spot price for gold retreated US$7.91 per oz. to…
LIM halts production due to low prices
After another disappointing fiscal year, Labrador Iron Mines (TSX: LIM; US-OTC: LBRMF) says it will not restart mining at its operations in the Labrador Trough this coming year partly due to weak iron-ore prices, and will instead refocus…
TSX stays up, Feb. 18-21
The S&P/TSX Composite rose 150.96 points during the week to end at 14,205.72. The spot price for gold rose US$7 per oz. to $1,326.10, pushing up the gold miners. The S&P/TSX Global Gold Index added 4.03 points to 204.82, while the…
TSX posts strong numbers, Feb. 10-14
Upbeat trade numbers from China showing that import growth reached a six-month high in January helped ease worries about emerging markets and pushed up oil prices. Investors were also relieved when the U.S. Congress approved an increase in the…
Labrador Iron Mines to get $30M from Tata subsidiary
Labrador Iron Mines (LIM-T) is expecting to receive $30 million from a subsidiary of India’s Tata Steel, as part of an alliance it recently entered to create cost synergies in the Labrador Trough region, where the two companies operate…
Labrador Iron to get $30M from Tata Steel
Labrador Iron Mines (LIM-T) is expecting to receive $30 million from India’s Tata Steel as part of an alliance it recently entered with the company’s subsidiary to create cost synergies in the Labrador Trough region,…
Market news: Toronto Stock Exchange
The S&P/TSX Composite Index was up 98 points to 12,725.09 points for the period.
TSX gains ground
The TSX Composite Index was up 98 points to 12,725.09 points for the Jan. 14-18 period.