US markets fell during Nov. 28 – Dec. 2 trading week
The Dow Jones Industrial Average fell 404.67 points, or 1.2%, to 33,942.36, and the S&P 500 lost 30.31 points or 0.8%, over the week to 3,995.81. Leading value gainer for…
Iron Ore
Fortescue keeps women on the top job with Fiona Hick’s appointment
Australia’s Fortescue Metals Group (ASX: FMG) has named former Woodside Energy (ASX: WDS) executive Fiona Hick as its new chief executive officer, effective February 2023. With the appointment, the iron…
Vale signs MOUs to develop ‘Mega Hubs’ in Middle East
Vale (NYSE: VALE) has signed three memorandums of understanding (MOUs) to jointly study the feasibility of developing industrial complexes or ‘mega hubs’ in the Kingdom of Saudi Arabia, the United…
US markets end the Oct. 17-21 trading week higher
The Dow Jones Industrial Average gained 1,447.7 points or 4.9% during the Oct. 17-21 trading week to 31,082.56, and the S&P 500 closed 169.7 points or 4.7%% higher at 3,752.75….
Royalty firm Ecora plans transition to green metals despite lucrative coal contract
Ecora Resources (TSX: ECOR), a mining royalties company, is betting its shift to green-economy investing in projects by giants such as Vale (NYSE: VALE) and Rio Tinto (NYSE: RIO; LSE:…
Rio Tinto in $737M decarbonization and critical minerals production push
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing up to $515 million over the next eight years to decarbonize its Fer et Titane (RTFT) operations in Sorel-Tracy, Que….
Baffinland gets nod from Nunavut board to extend Mary River operation until year-end
Baffinland Iron Mines has received a positive recommendation from the Nunavut Impact Review Board (NIRB) to temporarily increase production at its Mary River iron ore mine in Canada’s Nunavut territory…
Researchers working on smart drone capable of preventing tailings dams failures
Engineers at West Virginia University are developing new technologies for coal waste storage facilities that will detect and prevent potential failures like leakage of hazardous materials into the environment. After…
Quebec Snapshot: Eight companies to watch
With a long and storied history of exploration and mine development, favourable mining policies, excellent infrastructure and a skilled workforce, Quebec is one of the world’s top mining jurisdictions for…
Analysis: No reduction in tailings dam failures over the past two decades
A newly released assessment of global tailings management facilities (TMFs) data paints a jarring picture showing that relative to global mine production, there has been no improvement in the rate…
Moody’s cuts metals price calls amid slowing global growth
Credit rating firm Moody’s Investors Service has pared down its 12-month price outlook for a basket of metals and mining commodities, citing a global economic slowdown and softening demand. Essential…
Mining industry on track to meet decarbonization targets, say analysts
The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030, says Keith Russell, global director for energy transition, purpose…