Aluminum cuts deepest for facilities in US
Alcoa (NYSE: AA) is idling three of its four U.S. aluminum smelters, taking out annual capacity of 500,000 tonnes of aluminum and 1.2 million tonnes of alumina to curb costs, amid low prices.
United States
Adventures in automation
Leaders in the mining industry are starting to recognize that automation is part of the answer to the sector’s productivity problems, says Michael Murphy, chief engineer, mining technology enabled solutions with leading mining sector…
US stocks inch up, Oct. 30-Nov. 5
U.S. equities stayed in positive territory, as investors waited for the monthly jobs report and possible reasons for the Federal Reserve to hike interest rates in December. The Dow Jones Industrial Average rose 107.63 points, or 0.6%, to…
Barrick pioneers cyanide-free processing at Goldstrike
Barrick Gold (TSX: ABX; NYSE: ABX) hit a major milestone late last year, after it poured its first cyanide-free gold bar at its Goldstrike operations in Nevada using nothing other than a common potato fertilizer.
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.
Barrick, Agnico Eagle rise to the occasion
A slew of mining companies have recently rolled out their third-quarter financials, including Toronto-based gold miners Barrick Gold (TSX: ABX; NYSE: ABX) and Agnico Eagle Mines (TSX: AEM; NYSE: AEM). Both firms published better than expected…
US equities rise, Oct.19-22
U.S. stocks climbed on the back of strong housing figures for September; better-than-expected earnings from major companies like eBay, Microsoft and Amazon; and signs that the European Central Bank would consider more stimulus measures to boost…
Star Mountain buys shuttered zinc mine from Hudbay
Star Mountain Resources (US-OTC: SMRS) is acquiring a past-producing zinc mine and concentrator in New York state, which the company says will catapult it from explorer to producer in less than a year.
NuLegacy earns 70% of Iceberg gold deposit in Nevada
NuLegacy Gold (TSXV: NUG; US-OTC: NULGF) is standing at a crossroads, after fulfilling its 70% earn-in on the property in Nevada that hosts its flagship Iceberg gold deposit.
US equities pick up steam, Sept. 28-Oct. 2
Employment data from the U.S. Labor Department showing that 142,000 new non-farm jobs were created in September — far less than the 203,000 forecast — furthered expectations that the U.S. Federal Reserve would delay raising interest…
US stocks end lower, Sept. 21-25
U.S. Federal Reserve Chair Janet Yellen reiterated increasing interest rates later this year, if the labour market improves and inflation returns to 2%. The U.S. Commerce Department reported that the country’s gross domestic product (GDP)…
Editorial: World’s biggest gold miners reap benefits of renewed discipline
Listening to the CEOs of the world’s largest gold miners at this year’s annual Denver Gold Forum in September, you couldn’t help but notice they all sang off the same songsheet, despite the challenges of their individual…