BHP plans spinoff to focus on ‘four pillars’
With a spinoff of its aluminum, manganese, nickel, silver and some of its non-core coal assets, BHP Billiton (LSE: BLT; ASX: BHP; NYSE: BHP) is driving to simplify its portfolio.
South America
Silver Wheaton CEO: we’re ‘busy pursuing acquisitions’
VANCOUVER — Since pioneering the stream financing model nearly a decade ago, Randy Smallwood and his team at Silver Wheaton (TSX: SLW; NYSE: SLW) have turned it into a multi-billion dollar business. It’s been around two years since…
Commentary: Why Colombia hasn’t lived up to its mining promise
Mining in Latin America has had an outstanding period of growth in the last two decades, but is now facing many challenges. These challenges vary from country to country, as well as region to region within each country.
PotashCorp ups 2014 earnings forecast
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has upped its full-year earnings guidance for the second time this year after a better-than-expected second-quarter profit of US$472 million.
Newmont to build mine in Suriname
After spending the past year selling off assets and slashing costs, Newmont Mining (NYSE: NEM; TSX: NMC) is moving forward with its Merian gold mine project in Suriname, and plans to spend up to $1 billion to build its first mine in the South…
Peru approves EIA for Southern Copper’s Tia Maria
Southern Copper (NYSE: SCCO) will start building its US$1.4-billion Tia Maria copper mine in Peru before the end of 2014, after having secured approval of the project’s environmental-impact assessment in early August. Production is…
Troy fast tracks Karouni with open-pit plan
VANCOUVER — Gold producer Troy Resources (TSX: TRY; US-OTC: TRYRF) acquired the Karouni gold project located 180 km southwest of Georgetown, Guyana, US$200 million just over a year ago, and now anticipates having a mine in operation…
Teck boosts stake in partner AQM Copper
After loading up on shares of AQM Copper (TSXV: AQM; US-OTC: APQUF) in July, Teck Resources (TSX: TCK.B; NYSE: TCK) now owns just over 30% of the junior — its partner at the Zafranal copper–gold project in Peru.
Cerro Negro becomes Goldcorp’s newest mine
Goldcorp’s (TSX: G; NYSE: GG) Cerro Negro mine in Argentina produced its first gold dore bar on July 25 and is on track to reach commercial production by the end of this year.
TSX climbs, July 21-25
The S&P/TSX Composite Index gained 188.47 points to close the trading week at 15,455.04. The S&P/TSX Capped Diversified Metals & Mining Index advanced 32.39 points to 924.02, while the S&P/TSX Global Gold Index stayed relatively…
New management at Anglo Pacific shifts focus to royalties
After graduating with a BA from Harvard University and an MBA from Harvard Business School, Julian Treger launched his career working for Lord Rothschild as an in-house corporate financier managing a portfolio of public and private equity…
Silver Wheaton a top pick for Salman Partners
Silver Wheaton (TSX: SLW; NYSE: SLW) has been upgraded to Salman Partners analyst Ash Guglani’s top-picks list due to its attractive production and growth profile.