Cliffs’ Bloom Lake faces uncertain future
Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.
News
Permit review hinders Romarco at Haile
VANCOUVER — The South Carolina Department of Health and Environment Control (SCDHEC) has received a request for review of the mine operating permit for Romarco Minerals’ (TSX: R) proposed Haile gold mine. The review filed by the…
Iamgold tackles costs, cuts 45 head office jobs
Iamgold (TSX: IMG; NYSE: IAG) is trimming the fat on its balance sheet, with hopes of returning to a cash flow positive position next year.
Dominion Diamond hits its stride
Boding well for its upcoming quarterly financial results, Dominion Diamond’s (TSX: DDC; NYSE: DDC) third-quarter production and sales figures beat market expectations, sending its share price up $1.35, or more than 8%, to $17.73.
TSX stays strong, Nov. 17-21
The S&P/TSX Composite Index gained for the sixth straight week, moving up 286.03 points to 15,111.13. The S&P/TSX Global Gold Index added 5.67 points to 153.41, while the S&P/TSX Capped Diversified Metals & Mining Index climbed…
Cree Nation on board for Nemaska’s Whabouchi lithium mine
THE CREE NATION OF NEMASKA, QUEBEC — It took five years and more than 40 meetings, but Nemaska Lithium (TSXV: NMX; US-OTC: NMKEF) and the Cree Nation of Nemaska have signed an impact benefits agreement (IBA) that paves the way…
TSX Venture gains ground, Nov. 17-21
The S&P/TSX Venture Composite closed in the green for a second week after it gained 1.6%, or 12.5 points, en route to a 789.13-point close. Gains were driven by rising precious metal futures, while the energy sectors traded relatively flat….
Continental Gold beats the odds in Colombia
Toronto-based explorer Continental Gold (TSX: CNL; US-OTC: CGOOF) is closer to developing a commercial-scale underground gold-silver mine in northwestern Colombia, with at least one analyst cheering on the progress.
Editorial: Iron ore prices – Where’s the bottom?
As the daylight hours shorten and winter chill takes hold of the iron ore mines and surrounding communities in the Labrador Trough, it’s as good a symbol as any of the deep freeze that is engulfing the global iron ore market, as spot…
Canadian gov’t bankrolls Women in Mining initiative
Status of Women Canada has pledged $250,000 to fund a new project designed to get more women employed in the mining industry.
Commentary: Australia, its economy and mining
You can expect a salary of A$150,000 or more as a truck driver at a remote iron ore project in Australia. The country has been one of the biggest beneficiaries of the economic boom in China, having grown continuously for more than two decades….
Short Position Report
TSX Short Positions Short positions outstanding at Nov.15/14 (with changes from Oct.31/14). …