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.
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.
The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,…
Uranium prices and uranium stocks spiked in early November after politicians in Japan’s Kagoshima Prefecture, including governor Yuichiro Ito, approved two nuclear reactor restarts in the country.
The S&P/TSX Composite Index gained for the fourth straight week, up 77.51 points to close at 14,690.83. Gold and diversified miners both added 10 points, with the S&P/TSX Global Gold Index ending at 144.86 and the S&P/TSX Capped…
Despite Potash Corp. of Saskatchewan’s (TSX: POT; NYSE: POT) third-quarter profit declining 11%, it expects to finish the year on an upbeat note.
With Gahcho Kué and Renard now officially under construction, I think it’s fair to say that in four years’ time, Canadian diamond production will look significantly different than it does…
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one…
A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain…
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.
On Sept. 19 the MV Nunavik embarked on a historic 29-day journey from Deception Bay in Quebec’s far north to deliver 21,000 tonnes of nickel concentrate to Bayuquan, in China’s Liaoning province.
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements…
For some, the grass always appears greener for mining projects in distant and foreign jurisdictions. Why? Perhaps it’s the mining industry’s persistent optimism and the belief that these jurisdictions could never be as bad or…
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