Teck cuts jobs, dividend
Diversified miner Teck Resources (TSX: TCK.B; NYSE: TCK) is slashing jobs and lowering its dividend to protect its liquidity amid the commodity price collapse.
South America
Editorial: Corporate chaos ensnarls Minera IRL
With Minera IRL shareholders only two days away from possibly voting out the company’s entire board of directors, the saga of the ill-fated, Lima-based junior gold miner is a reminder of just how quickly things can turn sour working in a…
Kinross’s scaled-down expansion plan at Tasiast
Kinross Gold (TSX: K; NYSE: KGC) is working on a two-phase, alternative expansion plan at its Tasiast gold mine in Mauritania to turn the asset into a profitable operation.
Dynacor finds porphyry at Tumipampa in Peru
Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) has discovered a 1.7 km long copper porphyry at its Tumipampa project in the Peruvian Andes that it says could be one of the feeder systems for the gold and copper it has found on the property, 500…
How analytics is transforming mining
After the excess investment and focus on production volume during the commodities supercycle, the new mantra of the mining sector is all about productivity.
BHP, Vale scramble to cope with Samarco disaster
VANCOUVER — Mining giants BHP Billiton (NYSE: BHP; LSE: BLT) and Vale (NYSE: VALE) haven’t offered much detail about a large-scale tailings dam breach at the Samarco iron ore joint venture in Brazil’s Minas Gerais state,…
‘Ecuador is the place to be,’ Odin geologist says
QUITO, ECUADOR — Diego Benalcazar has worked all over Latin America — from Chile and Peru to Venezuela, Colombia and Mexico — but since mid-2013, the geologist has concentrated on finding projects in Ecuador as Odin Mining and…
Editorial: Trans-Pacific Partnership details bring fresh round of scrutiny
Details of the proposed Trans-Pacific Partnership (TPP) trade agreement have been released by the 12 nations that signed its terms on Oct. 5, 2015, after seven years of negotiation.
Miners weigh in on green energy
Technologies in renewable energy sources such as wind, solar, hydroelectricity and bioenergy are improving, making them cheaper and attractive. However, lower commodity prices and tighter margins are among the barriers miners face when adopting…
TSX edges lower, Oct. 23-29
The S&P/TSX Composite Index finished in negative territory, losing 0.6% to end at 13,791.88 points. The S&P/TSX Capped Diversified Metals & Mining Index dropped 10.6% to 411.68. The S&P/TSX Global Gold Index retreated 1.8% to…
Goldcorp’s Jeannes: ‘We’re close to the end of the gold bear market’
VANCOUVER — Despite posting a US$192 million net loss during the third quarter, Goldcorp’s (TSX: G; NYSE: GG) management team is telling investors to focus on what it labels “strong fundamentals.”
Editorial: Oil crash hits Ecuador’s public finances
Ecuador’s Minister of Strategic Sectors, Rafael Poveda, seemed tired when he sat down with The Northern Miner in Quito last week. The minister, who has a degree in law and an MBA, had returned the night before from China, where, off and…