Shore finds potential partner in Rio Tinto
As recently as 2012, mining giant Rio Tinto (NYSE: RIO; LSE: RIO) had been publicly considering exiting the diamond space. But the company, which operates and owns 60% of the…
Rio Tinto
SEC charges Rio Tinto with fraud
The U.S. Securities and Exchange Commission (SEC) has charged Rio Tinto (NYSE: RIO; LON: RIO) and two of its former executives with fraud for inflating the value of coal assets…
US markets finish higher, Oct. 2-6
The U.S. Bureau of Labor Statistics reported that in the last 12 months, average hourly earnings increased by 74¢ or 2.9%. The jobs data raised expectations of a rate hike…
US markets falter, Aug. 7-11
U.S. President Donald’s Trump threats last week to unleash “fire and fury” against the North Korean regime if it endangered the U.S. or its allies sent the Dow Jones Industrial…
US markets down, June 26-30
Real gross domestic product in the U.S. increased at an annual rate of 1.4% in the first quarter of 2017, down from 2.1% in the fourth quarter of 2016. Consumer…
US stocks rise slightly, June 12-16
The U.S. Federal Reserve raised its key interest rate by 25 basis points to between 1% and 1.25% — the second rate hike this year — sending the gold price…
US markets remain flat, April 3-7
U.S. President Donald Trump’s unexpected decision to launch a U.S. military strike on a Syrian government airbase on April 6 failed to roil markets in New York as expected, but…
IOC green-lights Wabush 3
Iron Ore Co. of Canada (IOC) is moving ahead with developing the Wabush 3 project, after a $79-million investment approval by its board. Wabush 3 — envisioned as a conventional…
SolGold adds weight to Cascabel
VANCOUVER — Sitting quietly behind a table in Australian explorer SolGold’s (LON-AIM: SOLG; US-OTC: SLGGF) booth at this year’s Association for Mineral Exploration Roundup convention in Vancouver, a 10-year-old girl…
Diamonds add sparkle to NWT’s economy
VANCOUVER — It’s been 25 years since diamonds were found in the Northwest Territories (NWT) at Lac de Gras, and Hendrik Falck, mineral deposits geologist from the Northwest Territories Geoscience…
US markets hit record highs, Feb. 6-10
U.S. markets touched record highs on continued uncertainty about U.S. President Donald J. Trump’s controversial polices, including a travel ban on seven predominantly Muslim countries that is being challenged in…
Dow breaks 20,000, Jan. 23-27
The Dow Jones Industrial Average closed above the 20,000 threshold three times during the trading week, and finished at 20,093.78, marking a 1.34% gain, while the S&P 500 Index rose…