IOC green-lights Wabush 3
Iron Ore Co. of Canada (IOC) is moving ahead with developing the Wabush 3 project, after a $79-million investment approval by its board. Wabush 3 — envisioned as a conventional…
Rio Tinto
SolGold adds weight to Cascabel
VANCOUVER — Sitting quietly behind a table in Australian explorer SolGold’s (LON-AIM: SOLG; US-OTC: SLGGF) booth at this year’s Association for Mineral Exploration Roundup convention in Vancouver, a 10-year-old girl…
Diamonds add sparkle to NWT’s economy
VANCOUVER — It’s been 25 years since diamonds were found in the Northwest Territories (NWT) at Lac de Gras, and Hendrik Falck, mineral deposits geologist from the Northwest Territories Geoscience…
US markets hit record highs, Feb. 6-10
U.S. markets touched record highs on continued uncertainty about U.S. President Donald J. Trump’s controversial polices, including a travel ban on seven predominantly Muslim countries that is being challenged in…
Dow breaks 20,000, Jan. 23-27
The Dow Jones Industrial Average closed above the 20,000 threshold three times during the trading week, and finished at 20,093.78, marking a 1.34% gain, while the S&P 500 Index rose…
Rio Tinto to sell Aussie coal assets for US$2.4B
An agreement to sell Rio Tinto’s (NYSE: RIO; LSE: RIO) Hunter Valley thermal coal assets in Australia to Yancoal Australia (ASX: YAL; US-OTC: YACAF) may come as no surprise to…
Greenstone buys majority of Coro Mining’s latest financing
A private equity firm specializing in the mining and metals sector run by former executives of Xstrata and J.P. Morgan has bought most of the shares that Chile-focused Coro Mining…
Rio Tinto faces scrutiny of African projects
Rio Tinto (NYSE: RIO) faces a new probe by U.S. regulators, according to the Financial Times. The London-based newspaper, quoting “sources close to the company,” reported that the U.S. Securities…
US markets move higher, Nov. 7-11
Expectations by many that Donald Trump’s electoral victory would boost the U.S. economy sent the Dow Jones Industrial Average up 5.4%, or 959.38 points, to 18,847.66. The S&P 500 Index…
US markets post mixed results, Oct. 24-28
Real gross domestic product in the third quarter increased at a 2.9% annual rate, according to an advance estimate by the U.S. Bureau of Economic Analysis. Real GDP in the…
Azure finds silver deposit on top of a hill in Mexico
BEAVER CREEK, COLORADO — When Azure Minerals (ASX: AZS) picked up an option on the Alacran project in Mexico’s northern Sonora state, 12 km south of Grupo Mexico’s Cananea copper…
US markets move marginally higher, Sept. 26-30
The U.S. Conference Board reported that consumer confidence increased in September for a second straight month and is now at its highest level since the recession. The Dow Jones Industrial…