Shares in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) plunged nearly 20% after the miner’s parent company Rio Tinto (NYSE: RIO; LSE: RIO) halted underground work at the Oyu Tolgoi mine until the Mongolian parliament…
In a recent issue of Commodities Weekly, China economists at Barclays argue that slowing growth, waning business confidence and a recent tightening in liquidity conditions have increased the risk of a hard landing in China.
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO; US-OTC: ELDXF) has joined a growing list of miners opting to cut back on exploration and development expenditures in the face of struggling commodities markets. The company announced on…
Oceanic Iron Ore (TSXV: FEO; US-OTC: FEOVF) may be a junior trying to develop a costly iron ore project in remote northern Quebec during hard financial times, but over the last year management has come closer to tying up a deal with a potential…
VANCOUVER – After more than 40,000 metres of drilling, Southern Arc Minerals (TSXV: SA) has calculated an initial resource for its West Lombok property in Indonesia that supports the company’s plan to develop a multi-pit gold mine at the…
Eurasian Minerals (TSXV: EMX; NYSE: EMXX) is cashing in on its exploration work in Turkey.
The re-election in Mongolia in late June of incumbent President Tsakhia Elbegdorj of the Democratic Party has elicited a lot of commentary on just what the result may mean for foreign mining companies in this enormous country of mountains,…
The Toronto Stock Exchange closed trading in positive territory, with the S&P/TSX Composite Index gaining 133 points, or 1.11%, to 12,129.11. Despite the boost, the index is down 2.45% year to date.
The Indonesian government has given the go-ahead for Freeport-McMoRan Copper & Gold’s (FCX-N) to resume open-pit mining at its Grasberg complex after suspending operations there following the death of 28 workers in May.
VANCOUVER — China-focused silver miner Silvercorp Metals (SVM-T, SVM-N) had a busy year in 2012 on the exploration front, and has released a myriad of results over the past eight weeks that cover 80,000 metres of drilling over three mines…
Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.
The $15.1-billion takeover last year of oilsands producer Nexen by state-owned China National Offshore Oil Co., or CNOOC (CEO-N), tested Canadians’ willingness to allow foreign state-controlled firms full access to the country’s…
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