Caterpillar launches major restructuring
Heavy equipment manufacturer Caterpillar (NYSE: CAT) will transform how its mining, customer and dealer divisions operate with an eye toward increasing efficiency and customer satisfaction.
News
TSX Venture edges higher, Oct. 9-15
The S&P/TSX Venture Composite Index rose 1.8%, or 9.67 points, to close at 556.71 points, as gold prices gained 2%, or US$24, before closing at US$1,181.3 per oz. gold.
Short Position Report
Short positions outstanding at Oct. 15/15 (with changes from Sept. 30/15).
Suncor goes hostile on Canadian Oil Sands
VANCOUVER — Low crude oil prices have driven market valuations in the energy industry to historic lows, and Suncor Energy (TSX: SU; NYSE: SU) is hoping to take advantage of the downcycle with a hostile bid for Canadian Oil Sands…
National Mining Hall of Fame to induct five more
U.S. mining industry leaders TS Ary, Frank F Aplan, Ralph E Bailey, John Campbell Greenway and Edward Steidle will be inducted into the National Mining Hall of Fame at a banquet on Oct. 23, 2015, in Pittsburgh, Pa. Based in Leadville, Colo.,…
Site visit: Wellgreen eyes revival under new management
DESTRUCTION BAY, YUKON – Roughly 30 km southeast from the small settlement of Destruction Bay along the Alaska Highway, which traces the picturesque shores of Kluane Lake in southwestern Yukon, lies Wellgreen Platinum’s (TSX: WG;…
Golden Arrow may point to more ore for Silver Standard
Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) wholly owned Chinchillas silver-lead-zinc project, and the…
Higher oil and gold lift TSX, Oct. 2-8
Stocks gained ground as higher oil prices lifted the energy-heavy Toronto Stock Exchange, while the prospects of an interest rate increase in the U.S. receded further into the background. Brent crude futures posted four straight closes above…
US stocks rise, Oct. 2-8
U.S. equities advanced, with the Dow Jones Industrial Average climbing 4.8% to 17,050.75. The S&P 500 Index advanced 4.7% to 2,103.43 for its highest level in seven weeks. The Nasdaq Composite jumped 4% to 4,810.79. The spot price for gold…
Scotiabank’s Mohr: Palladium ‘oversold’
Scotiabank economist and commodity specialist Patricia Mohr says palladium offers the greatest upside within the platinum group metals (PGMs) due to rising demand for car ownership in China and the central government’s wish to improve…
North American Palladium emphasizes performance at LDI
North American Palladium (TSX: PDL; US-OTC: PALDF) has let go 44 workers at its Lac des Îles (LDI) palladium mine near Thunder Bay, Ont., due to weaker metal prices and a reduced milling schedule.
TNM Roundtable: Industry leaders debate new finance frontiers
Industry leaders weighed in on alternative financing at The Northern Miner’s roundtable discussion titled “New Frontiers in Mining Finance,” held in the offices of Newport Private Wealth in Toronto in early October. The…