Rio Tinto cuts emissions, boosts production at Kitimat
VANCOUVER — Mining giant Rio Tinto (NYSE: RIO; LSE: RIO) has produced the first aluminum cast from its 60-year-old Kitimat smelter in B.C. since its extensive, US$4.8-billion upgrade.
Rio Tinto
Wall Street shows restraint, July 6-10
The Greek crisis and the Chinese stock market crash monopolized headlines, while the U.S. trade deficit widened to US$42 billion in May from US$40.9 billion in April. U.S. market indexes were relatively flat, with the Dow Jones Industrial…
Turquoise Hill on the rise after clearing hurdles
VANCOUVER — Copper-gold producer Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has been on a strong run over the past eight weeks after promising press releases for its large-scale Oyu Tolgoi mine, 550 km south of Ulaanbaatar, Mongolia.
China’s CNNC eyes Canadian uranium projects
China is becoming more active on the uranium front, with a state-owned nuclear giant eyeing international uranium projects after acquiring a share in French nuclear firm Areva.
Labrador Iron Ore Royalty could become takeover target
Osisko Gold Royalties (TSX: OR) has amassed a 9.8% stake in Labrador Iron Ore Royalty (TSX: LIF) since the beginning of the year, and of that, 7.2% was acquired in the first quarter, Osisko noted in its quarterly financial statements.
Kivalliq, Roughrider see promise outside the Athabasca
VANCOUVER — Excitement is building over uranium deposits outside the prolific Athabasca basin. And joint-venture partners Kivalliq Energy (TSXV: KIV; US-OTC: KVLQF) and Roughrider Exploration (TSXV: REL) are hoping to add to a growing…
Tata Steel buys LIM’s 49% stake in Howse deposit
Tata Steel Minerals Canada (TSMC) acquired a 51% stake in Labrador Iron Mines’ (TSX: LIM) Howse iron ore deposit in Labrador for $30-million cash in 2013.
Forsys pushes Norasa uranium project to feasibility
Forsys Metals (TSX: FSY) has reported feasibility study results for its Norasa uranium project in the Erongo region of central-west Namibia.
Mick Davis’ X2poised for launch after US$5.6B raise
VANCOUVER — A dearth in the availability of traditional equity financing has led to the rise of specialist, mining-related investment funds, and another major player is taking the field. In early March, new private mining venture X2…
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.
U.S. stocks edge lower, Feb. 23-27
February was kind to U.S. stocks. Reuters reported that the Dow Jones Industrial Average rose 5.6% in its best monthly performance since January 2013; the S&P 500 Index was up 5.5%, its best monthly performance since October 2011; and the…
S&P 500 closes at record high, Feb. 9-13
A ceasefire between Ukrainian forces and pro-Russian separatists combined with a slight bump in oil prices, apparent progress on a debt deal with Greece and higher-than-expected 0.7% fourth-quarter growth in Germany combined to help push U.S….