US markets rise, July 18–22
U.S. equities continued higher, helped by encouraging U.S. economic data and better-than-expected corporate earnings. The S&P 500 Index rose 0.6% to a 2,175.03 high. The Dow Jones Industrial Average advanced…
Iron Ore
Champion Iron optimistic at Bloom Lake
Champion Iron (TSX: CIA; ASX: CIA) is lowering projected costs at the recently acquired Bloom Lake iron ore mine in the Labrador Trough, as part of a plan to restart…
TSX returns to a bull market, May 30–June 3
The S&P/TSX Composite Index rose nearly 0.9% to close at 14,226.78, up 20% from its Jan. 20 low, and marking a return to a bull market. The S&P/TSX Global Mining…
Editorial: Brazil’s anti-corruption drive takes out Rousseff
Brazil’s political and economic turmoil has grabbed headlines around the world, the culmination of years of top-level judicial investigations and countrywide street protests against corruption in politics. On May 12,…
US equities tumble, March 21–24
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…
Editorial: Sharp commodity price rally surprises markets
Even if it’s only temporary, it always improves the mood of delegates when metal prices rally right before and during a mining convention. And that was certainly the case at…
New Millennium sticks to its guns in fight with dissidents
New Millennium Iron (TSX: NML) is in the throes of a proxy fight as disgruntled shareholders aim to replace the company’s board of directors at a special shareholders’ meeting in mid-March.
Moody’s puts 55 miners on review for downgrade
Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.
TSX rises on higher oil prices, Jan. 18-22
The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The…
Industry performance will remain under pressure in 2016, Moody’s says
After a “material compression” of industry earnings in 2015, Moody’s Investors Service forecasts that the earnings contraction will continue this year.
Editorial: Top stories of 2015
Phew, was 2015 a tough year for miners! As we look back and tie a bow around the fourth year of the downturn in commodity prices and the mining sector, we see an industry in defensive mode, spending more time and energy reacting to harsh,…
US stocks slip, Dec. 11-17
U.S. equities closed lower, despite receiving a boost after the Federal Reserve raised interest rates. The Dow Jones Industrial Average fell 0.5% to 17,495.84, while the S&P 500 Index lost 0.5% to close at 2,041.89. The Nasdaq dipped 0.8%…