TSX gains momentum, Feb. 9-13
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers.
Asia
Eldorado falls on Greek opposition, weak outlook
Eldorado Gold (TSX: ELD; NYSE: EGO) shares have plunged after two events: Greece’s new left-wing government’s opposition to the company building a gold mine in the country, and a weaker-than-expected 2015 guidance. Eldorado recently…
Update: Mongolia convicts SouthGobi trio of tax evasion
Three former employees of SouthGobi Resources (TSX: SGQ) including a U.S. citizen are slated to spend the next five years behind bars after a Mongolian court found them guilty of tax evasion.
Mining industry revisits anti-corruption procedures
Mining companies should take note of Canada’s stricter penalties and more aggressive enforcement of anti-corruption laws and make sure their anti-bribery compliance procedures are up to speed, lawyers, forensic accountants and mining…
B2Gold eyes 35% production growth in 2015
B2Gold (TSX: BTO; NYSE-MKT: BTG) expects another record production year in 2015, building upon the solid output it had in 2014.
Commentary – CPM Group: China key to moly market
The following is a summary of the newly released Molybdenum Market Outlook from New York-based research firm CPM Group. The full study offers in-depth analysis of global molybdenum supply, demand and price trends, including projections for the…
Facts ‘n’ Figures: China closes its wallet in Canada
One factor that helped the global mining industry weather the 2008–09 recession better than many other heavy industries was China’s rising presence in metals and minerals markets, both as a ravenous consumer of raw materials and a…
TSX starts 2015 strong, Dec. 29-Jan. 2
Canada’s benchmark index exited the trading week in positive territory, helped by higher gold prices and mining stocks. The S&P/TSX Composite Index jumped 144.40 points to 14,753.65. It ended 2014 up 7.4% for the year, slightly below…
Commentary: China’s declining coal dependence
The latest energy-market numbers from the Chinese government show an acceleration of a remarkable phenomenon that emerged from 2012 to 2014. The bottom line today is that the traditional nexus between real gross domestic product (GDP) growth,…
Alacer boosts leaching capacity at pler
Alacer Gold (TSX: ASR) says it can increase the heap-leach capacity at its 80%-held Copler gold mine in Turkey to extend oxide gold production beyond 2017.
Chinese driving copper demand: ICSG
The following is a summary of the International Copper Study Group’s (ICSG) December 2014 Copper Bulletin. For more information and to buy the bulletin, visit www.icsg.org.
Asian Mineral capitalizes on first-mover status in Vietnam
VANCOUVER — It’s been a long journey for Asian Mineral Resources (TSXV: ASN; US-OTC: AIERF) at its Ban Phuc nickel-sulphide project, 160 km west of Hanoi in Vietnam’s Son La province, but the company’s patience is about…