Johannesburg-based alluvial miner Rockwell Diamonds (TSX: RDI; US-OTC: RDIAF), which owns three diamond mines near the midpoint of South Africa’s Orange River, is buying assets close to its operations that will enlarge its resource base…
The U.S. market fell during the week amid lower oil prices. The S&P 500 Index slipped 13.39 points to 2,044.81, while the Dow Jones Industrial Average fell 95.62 points to 17,737.37. The Nasdaq Composite closed down 22.74 points at…
VANCOUVER — Shares of Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) have been on the rise since the new year, as the company advances towards production at its Phoenix gold property in Ontario’s prolific Red Lake camp.
In Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) first-ever conference call on its massive Platreef project in South Africa, executive chairman and company founder Robert Friedland declared that the orebody “is destined to change the…
Vancouver-based Petaquilla Minerals (TSX: PTQ; OTCBB: PTQMF), operator of the Molejon open-pit gold mine in Panama, is facing scrutiny from Canadian and Panamanian regulators, leading to a possible cancellation of its mining concession.
One factor that helped the global mining industry weather the 2008–09 recession better than many other heavy industries was China’s rising presence in metals and minerals markets, both as a ravenous consumer of raw materials and a…
In the first full week of January, Richmont Mines (TSX: RIC; NYSE: RIC) released high-grade intercepts at significant depths from stepout exploration beneath its Island gold mine in northwestern Ontario. It prompted analysts at Macquarie Bank…
General manager of Goldcorp’s Musselwhite gold mine, Bill Gascon (Santa costume), and his team spread holiday cheer in December 2014 to the five remote Northern Ontario First Nations communities of Cat Lake, North Caribou, Wunnumin,…
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…
Oil prices were down for a seventh straight week, dipping below US$50 per barrel, while Statistics Canada reported job losses for the second month in a row. The unemployment rate in December remained unchanged at 6.6%, with full-time employment…
The S&P/TSX Venture Composite Index lost ground during the trading sessions, as it dropped 2.8%, or 19.6 points, en route to a 687.21-point weekly close. On the economic front, the U.S. Federal Reserve stated it expects the drop in oil…
Plunging oil prices have cast a gloom over the Canadian economy and added uncertainty to pipeline battles and how to best work with Canada’s indigenous peoples on resource extraction projects of all kinds.
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