Teck’s Q1 profit beats expectations
Teck Resources (TSX: TCK.B; NYSE: TCK) tallied a higher-than-expected quarterly profit, as it mitigated lower commodity prices with deep cost cuts. Adjusted first-quarter profit came in at $18 million, or 3¢…
Teck Resources (TSX: TCK.B; NYSE: TCK) tallied a higher-than-expected quarterly profit, as it mitigated lower commodity prices with deep cost cuts. Adjusted first-quarter profit came in at $18 million, or 3¢…
U.S. indexes snapped five weeks of gains after terrorist attacks in Brussels, which left 35 dead and hundreds injured, shook global markets. The S&P 500 Index fell 0.7% to 2,035.94…
The U.S. Federal Reserve’s decision to cut interest rate hikes this year due to a weak global environment helped lift U.S. indexes. The central bank held its benchmark interest rate…
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.
The deep convulsions in the ailing U.S. coal-mining sector are continuing unabated into the new year, with America’s second-largest coal miner, Arch Coal, seeking bankruptcy protection on Jan. 11.
After a “material compression” of industry earnings in 2015, Moody’s Investors Service forecasts that the earnings contraction will continue this year.
Former Massey Energy CEO Don Blankenship has been convicted by a federal jury in West Virginia of conspiracy to violate U.S. mine-safety laws in relation to the 2010 explosion that killed 29 miners at the firm’s Upper Big Branch…
Given the mining industry’s extended cycle times, companies regularly look for insight relative to long-term commodity demand patterns. One area that may require more concerted focus relates to the shifting global energy mix.
The last couple of months have seen deep rounds of layoffs in the mining industry, as companies worldwide struggle to cope with low commodity prices, a resurgent U.S. dollar and thin financings.
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.
The Toronto stock market ended higher as investors took in prime minister-designate Justin Trudeau’s majority win in the federal election. Canada’s new prime minister promises to invest heavily in infrastructure, among other areas,…
Amerigo Resources (TSX: ARG; US-OTC: ARREF) hasn’t lost much time since it cut a deal with Codelco in April 2014 to treat a new source of tailings from the miner’s El Teniente mine — the world’s largest underground…
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