Mason Graphite’s Lac Guéret leads the field in Quebec
If graphite mining has a home in Canada, it is surely in Quebec. The earliest known producing graphite mine in the province, and possibly the country, was the Miller mine,…
Cliffs Natural Resources Inc
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…
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%…
Champion Iron buys Bloom Lake for $10.5M
Champion Iron (TSX: CIA; ASX: CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine in the Labrador Trough for a fraction of its previous purchase price.
US stocks rise, Nov. 13-19
U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…
Cliffs shutters Northshore amid weak iron ore demand
Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…
Study shows Lac Guret could be low-cost mine for Mason Graphite
Production at Mason Graphite’s (TSXV: LLG; US-OTC: MGPHF) potentially high-margin Lac Guéret graphite project in northeastern Quebec could start as early as 2017.
Noront CEO outlines big plans for Ring of Fire
VANCOUVER — Noront Resources (TSXV: NOT; US-OTC: NOSOF) has emerged as a leader across the Ring of Fire region in the James Bay Lowlands of Northern Ontario, and it has a long-term plan in the works that it hopes will establish a…
Editorial: Not all pleased with Ring of Fire sale
The final week of April saw the closing of Noront Resources’ acquisition of Cliffs Natural Resources’ chromite assets in northern Ontario’s Ring of Fire region. The deal saw a last-minute bump-up in the price to US$27.5…
U.S. equity indexes pulled lower, March 23-27
As Saudi Arabia took military action against Houthi rebels in Yemen, U.S. equity indexes dropped and gold rose. The Dow Jones Industrial Average lost 2.3%, falling to 17,712.66, and the S&P 500 Index declined 2.2% to 2,061.02. Spot gold…
Noront goes all in on the Ring of Fire
VANCOUVER — Toronto-based junior Noront Resources (TSX: NOT; US-OTC: NOSOF) has emerged as a leader in Ontario’s controversial Ring of Fire mineral belt over the past eight years, and on March 23 the company solidified itself as the…
Editorial: No end in sight for iron ore glut
Ten weeks into 2015, and many of the world’s iron ore miners are on edge as iron ore prices set new lows, and the finger-pointing begins as to who is contributing to the problems besetting the industry.