Open innovation takes root
Mining companies and organizations are increasingly going outside of the industry and using open innovation platforms to find solutions to their challenges.
News
TSX posts marginal gain, Oct. 30-Nov. 5
Canada’s main stock index fell after U.S. Federal Reserve Chair Janet Yellen said there was a “live possibility” of a rate hike in December.
PotashCorp cuts supply to match demand
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is lowering its potash production levels in response to weaker demand and fertilizer prices for the second half of 2015.
Drones take productivity to new heights
In the face of one of the biggest downturns in the industry, cash-strapped miners and explorers are turning to unmanned aerial vehicle (UAV), or drone, technology as one way to help drive down costs, boost productivity and harness safety at…
Adventures in automation
Leaders in the mining industry are starting to recognize that automation is part of the answer to the sector’s productivity problems, says Michael Murphy, chief engineer, mining technology enabled solutions with leading mining sector…
Commentary: The great mining brain drain
We are in the midst of a historic bear market, whose bite is clamping down harder with each passing year, squeezing the last remnants of optimism from those working within the mining sector. The only real comfort comes from knowing the cyclical…
BHP, Vale scramble to cope with Samarco disaster
VANCOUVER — Mining giants BHP Billiton (NYSE: BHP; LSE: BLT) and Vale (NYSE: VALE) haven’t offered much detail about a large-scale tailings dam breach at the Samarco iron ore joint venture in Brazil’s Minas Gerais state,…
Rubicon halts trial mining at Phoenix in Red Lake
VANCOUVER — Shares of developer Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) saw heavy losses after the company suspended underground development at its Phoenix gold deposit in Ontario’s prolific Red Lake district. The move…
‘Ecuador is the place to be,’ Odin geologist says
QUITO, ECUADOR — Diego Benalcazar has worked all over Latin America — from Chile and Peru to Venezuela, Colombia and Mexico — but since mid-2013, the geologist has concentrated on finding projects in Ecuador as Odin Mining and…
Fission powers forward after Denison deal dies
VANCOUVER — The dust is settling for Fission Uranium (TSX: FCU; US-OTC: FCUUF) after a failed merger with Lukas Lundin’s Denison Mines (TSX: DML; NYSE-MKT: DNN), but the company can’t move on just yet, due to an activist…
TSX Venture falls with commodities, Nov. 2-6
The S&P/TSX Venture Composite Index lost ground despite promising North American job reports, dropping 1.4%, or 7.75 points, en route to a 534.28-point close.
US stocks inch up, Oct. 30-Nov. 5
U.S. equities stayed in positive territory, as investors waited for the monthly jobs report and possible reasons for the Federal Reserve to hike interest rates in December. The Dow Jones Industrial Average rose 107.63 points, or 0.6%, to…