Work on Oyu Tolgoi underground to resume in Q1
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government have resolved several issues that have held up the underground expansion of the Oyu Tolgoi copper-gold mine in the country.
Rio Tinto
Rio Tinto’s profits improve as hard-won cost savings take hold
VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on…
Tax dispute adds doubt to Oyu Tolgoi’s UG expansion
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South…
U.S. equities edge higher, July 14-18
The downing of a Malaysia Airlines passenger jet by suspected pro-Russian militants in Ukraine and Israel’s invasion of Gaza triggered a sell-off on July 17, but U.S. markets ended the trading week in positive territory, with the Dow…
Lundin on track at Eagle in the UP, responds to acquisition speculation
VANCOUVER — Lundin Mining (TSX: LUN; US-OTC: LUNMF) looks to be on point at its newest acquisition, namely the Eagle nickel–copper mine, 45 km northwest of Marquette, Mich. The base metal miner picked up the asset from Rio…
U.S. equities remain in positive territory, June 2-6
U.S. equities posted their third straight weekly gain, driven by strong payroll data and optimism about economic growth. The economy added 217,000 jobs in May while the unemployment rate held steady at 6.3%. The Dow Jones Industrial Average…
Annual mining profits tumble 72% to lowest point in a decade
VANCOUVER — It’s no secret that 2013 was a rough year in the mining business, but PwC’s eleventh annual global trends analysis — entitled Mine 2014: Realigning Expectations — shed some light how just how grim…
Rio Tinto’s US$20B iron ore mine plan in Guinea
VANCOUVER — A decade after mega-miner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) was awarded the world-class Simandou iron-ore concessions in Guinea, West Africa, it looks like the stage has been set for what would be the largest…
Dominion Diamond’s sparkling start in fiscal 2015
Toronto-based Dominion Diamond (TSX: DDC; NYSE: DDC) reported a strong operational start to the year, with higher-than-expected diamond production, sales and average prices for its first quarter of fiscal 2015.
Mongolian gov’t looks to end dispute with miners
VANCOUVER — Reports have surfaced that discussions within the Mongolian parliament may end a stalemate between the central government and international mining companies active in the country.
Rio Tinto struggles with Pilbara iron ore, Oyu Tolgoi
VANCOUVER — Despite setting production records during the first quarter, Rio Tinto (NYSE: RIO; LSE: RIO) is not off to the best start to 2014. The company struggled with bad weather at its iron-ore operations in Western Australia,…