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.
Rio Tinto
Forsys pushes Norasa uranium project to feasibility
Forsys Metals (TSX: FSY) has reported feasibility study results for its Norasa uranium project in the Erongo region of central-west Namibia.
Mick Davis’ X2poised for launch after US$5.6B raise
VANCOUVER — A dearth in the availability of traditional equity financing has led to the rise of specialist, mining-related investment funds, and another major player is taking the field. In early March, new private mining venture X2…
Editorial: No end in sight for iron ore glut
Ten weeks into 2015, and many of the world’s iron ore miners are on edge as iron ore prices set new lows, and the finger-pointing begins as to who is contributing to the problems besetting the industry.
U.S. stocks edge lower, Feb. 23-27
February was kind to U.S. stocks. Reuters reported that the Dow Jones Industrial Average rose 5.6% in its best monthly performance since January 2013; the S&P 500 Index was up 5.5%, its best monthly performance since October 2011; and the…
S&P 500 closes at record high, Feb. 9-13
A ceasefire between Ukrainian forces and pro-Russian separatists combined with a slight bump in oil prices, apparent progress on a debt deal with Greece and higher-than-expected 0.7% fourth-quarter growth in Germany combined to help push U.S….
Majors fight to maintain dividends
VANCOUVER — It’s been a delicate balancing act for miners over the past few years trying to return money to shareholders while keeping a consistent growth profile.
Rio Tinto’s McIntosh: ‘Exploration in our DNA’
VANCOUVER — There’s likely not an exploration manager with a bigger technical team or budget than Rio Tinto’s (NYSE: RIO; LSE: RIO) Stephen McIntosh, who serves as the mega miner’s global head of exploration and has…
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…
US stock indexes post seventh week of gains, Dec. 1-5
Falling prices for crude oil weighed on energy stocks, but a surprisingly strong jobs report buoyed the Dow Jones Industrial Average and the S&P 500 Index, which posted their seventh weekly advance. November payrolls rose by 321,000 in the…
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.