Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
Rio Tinto
Site visit: Alexco finds silver lining at Keno with Flame & Moth
KENO CITY, YUKON — There’s a wealth of history in the Yukon’s Keno Hill mining district, and Alexco Resource (TSX: AXR; NYSE-MKT: AXU) is out to prove there’s a lot of silver left to discover across its large land…
Short-term challenges remain for diamond sector
The long-term outlook for the diamond market is positive — with demand expected to outpace supply starting in 2019 — but in the short-term, the outlook remains challenging, the Antwerp World Diamond Centre and Bain & Co. state…
US stocks post slim gains, Dec. 4-10
The Dow Jones Industrial Average climbed 0.6% to finish the trading period at 17,574.75, while the S&P 500 Index inched up 0.1% to 2,052.23, and the Philadelphia Gold & Silver Index rose 0.4% to 47.37.
Uncertainty punishes US markets, Nov. 26-Dec. 3
Comments by Federal Reserve chair Janet Yellen about a stronger U.S. economy and the risks of delaying an interest rate hike, combined with lower-than-expected stimulus from the European Central Bank, and a mass shooting in southern California…
Rio Tinto joins Reservoir at Timok complex in Serbia
For any junior to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and at a dismal time in the markets, is striking. Reservoir Minerals (TSXV: RMC;…
Reservoir Minerals teams up with Rio Tinto
For a junior company to entice a major to earn-into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing short of amazing….
Rio Tinto cuts emissions, boosts production at Kitimat
VANCOUVER — Mining giant Rio Tinto (NYSE: RIO; LSE: RIO) has produced the first aluminum cast from its 60-year-old Kitimat smelter in B.C. since its extensive, US$4.8-billion upgrade.
Wall Street shows restraint, July 6-10
The Greek crisis and the Chinese stock market crash monopolized headlines, while the U.S. trade deficit widened to US$42 billion in May from US$40.9 billion in April. U.S. market indexes were relatively flat, with the Dow Jones Industrial…
Turquoise Hill on the rise after clearing hurdles
VANCOUVER — Copper-gold producer Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has been on a strong run over the past eight weeks after promising press releases for its large-scale Oyu Tolgoi mine, 550 km south of Ulaanbaatar, Mongolia.
China’s CNNC eyes Canadian uranium projects
China is becoming more active on the uranium front, with a state-owned nuclear giant eyeing international uranium projects after acquiring a share in French nuclear firm Areva.
Labrador Iron Ore Royalty could become takeover target
Osisko Gold Royalties (TSX: OR) has amassed a 9.8% stake in Labrador Iron Ore Royalty (TSX: LIF) since the beginning of the year, and of that, 7.2% was acquired in the first quarter, Osisko noted in its quarterly financial statements.