Rio Tinto to sell Aussie coal assets for US$2.4B
An agreement to sell Rio Tinto’s (NYSE: RIO; LSE: RIO) Hunter Valley thermal coal assets in Australia to Yancoal Australia (ASX: YAL; US-OTC: YACAF) may come as no surprise to…
Rio Tinto
Greenstone buys majority of Coro Mining’s latest financing
A private equity firm specializing in the mining and metals sector run by former executives of Xstrata and J.P. Morgan has bought most of the shares that Chile-focused Coro Mining…
Rio Tinto faces scrutiny of African projects
Rio Tinto (NYSE: RIO) faces a new probe by U.S. regulators, according to the Financial Times. The London-based newspaper, quoting “sources close to the company,” reported that the U.S. Securities…
US markets move higher, Nov. 7-11
Expectations by many that Donald Trump’s electoral victory would boost the U.S. economy sent the Dow Jones Industrial Average up 5.4%, or 959.38 points, to 18,847.66. The S&P 500 Index…
US markets post mixed results, Oct. 24-28
Real gross domestic product in the third quarter increased at a 2.9% annual rate, according to an advance estimate by the U.S. Bureau of Economic Analysis. Real GDP in the…
Azure finds silver deposit on top of a hill in Mexico
BEAVER CREEK, COLORADO — When Azure Minerals (ASX: AZS) picked up an option on the Alacran project in Mexico’s northern Sonora state, 12 km south of Grupo Mexico’s Cananea copper…
US markets move marginally higher, Sept. 26-30
The U.S. Conference Board reported that consumer confidence increased in September for a second straight month and is now at its highest level since the recession. The Dow Jones Industrial…
Odin Mining to buy Ecuador Gold and Copper
In a friendly all-share deal that knits together assets in southern Ecuador, Odin Mining and Exploration (TSXV: ODN), a junior that counts mining entrepreneur Ross Beaty as its largest shareholder,…
Dow Jones and S&P 500 end lower, June 13-17
The U.S. Federal Reserve held rates steady ahead of Britain voting on whether to leave or stay in the European Union. The central bank’s decision was supported by 277,000 weekly…
Rock Hounds
Diamonds in Canada’s annual roundup of Canadian-listed producers, developers and active juniors Alto Ventures Alto Ventures (TSXV: ATV) has negotiated more time to earn a 60% stake in the GEFA…
Tough year tests Dominion
It’s been a turbulent year for Dominion Diamond (TSX: DDC; NYSE: DDC). 2015 was always expected to be a transitional year for the miner: At its 88.9%-owned Ekati mine, the…
US markets inch higher, April 18-22
It was a relatively quiet week on the U.S. economic front. The Dow Jones Industrial Average finished at 18,003.75, a 0.6% gain, while the S&P 500 Index advanced 0.5% to…