Vale slashes iron ore production, trims nickel too
Saying that it is “adjusting to the new global economic scenario,” Vale (RIO-N) is dramatically scaling back its ir…
Canada
Uranium price will rebound: analysts (Part 2)
Nick Carter, vice-president at Roswell, Ga.-based uranium consultancy Ux Consulting says that the recent steep drop…
Raitt replaces Lunn as Canada’s Natural Resources minister
On the back of his Conservative Party’s Oct. 14 electoral win, Canadian Prime Minister Stephen Harper unveiled …
Uranium price will rebound: analysts (Part 1)
“A roller coaster ride” would be one way to describe the uranium spot price in recent years, rising to US$136 per l…
Sherritt buckles down after strong Q3
Although Sherritt International (S-T) had a strong third quarter, the company says it will cut back on spending in …
Renard glitters for Stornoway
Vancouver – A positive preliminary economic assessment for its Renard diamond project has boosted Stornoway Diamond…
Nemis resigns as Noront president and CEO; named chairman emeritus for life
Noront Resources (NOT-V, NOSOF-O) president and CEO Richard Nemis stepped down at the company’s annual meeting toda…
Patricia management likes Richmont offer
Richmont Mines (RIC-T, RIC-N) has launched a bid for Toronto-based Patricia Mining (PAT-V) to the chagrin of many a…
Breakwater closes two zinc mines
Breakwater Resources (BWR-T) has decided to suspend operations at its Langlois mine 200 km north of Val d’Or Que….
Cliffs to curtail iron ore production at two Minnesota mines
Declining demand for steel has prompted major iron ore producer, Cliffs Natural Resources (CLF-N), to stop producti…
Noront, Rosseau agree on compromise board
A day before Noront Resources’ (NOT-V) annual shareholders’ meeting — where a dramatic proxy contest was set to de…
Noront CEO speaks out
In the midst of a proxy fight with a dissident shareholder, Noront Resources (NOT-V, NOSOF-o) has fired back with a positive scoping study for development of its Eagle One copper-nickel-platinum group…