Majors fight to maintain dividends
VANCOUVER — It’s been a delicate balancing act for miners over the past few years trying to return money to shareholders while keeping a consistent growth profile.
Rio Tinto
Rio Tinto’s McIntosh: ‘Exploration in our DNA’
VANCOUVER — There’s likely not an exploration manager with a bigger technical team or budget than Rio Tinto’s (NYSE: RIO; LSE: RIO) Stephen McIntosh, who serves as the mega miner’s global head of exploration and has…
Rio Tinto’s legal battle with Quebec Innu intensifies
VANCOUVER — Mega-miner Rio Tinto (NYSE: RIO; LSE: RIO) is staring down the barrel of a potentially costly legal battle with a pair of First Nation groups whose traditional Nitassinan territory covers a large part of northeastern Quebec…
Rio Tinto’s legal battle with Quebec Innu intensifies
VANCOUVER — Mega miner Rio Tinto (NYSE: RIO; LON: RIO) is staring down the barrel of a potentially costly legal battle with a pair of First Nation groups whose traditional Nitassinan territory covers a large part of northeastern Quebec…
US stock indexes post seventh week of gains, Dec. 1-5
Falling prices for crude oil weighed on energy stocks, but a surprisingly strong jobs report buoyed the Dow Jones Industrial Average and the S&P 500 Index, which posted their seventh weekly advance. November payrolls rose by 321,000 in the…
HSBC cuts iron ore price forecasts
The current iron ore market “looks like a game of chicken where no player has blinked,” says the Hong Kong and Shanghai Banking Corp.
NRC program aims to realize ‘full potential’ of Canada’s Arctic
VANCOUVER — Natural resource development in Canada can come with unique challenges owing to isolated locales and frigid weather. But the federal government is hoping it can make life a bit easier for miners and other parties involved…
Editorial: Glencore backs off run at Rio Tinto, for now
Last week we highlighted the shocking collapse in iron-ore prices in September, with spot prices down more than 40% for the year, and trading below US$80 per tonne in China — the world’s largest importer — and gave a heads-up…
Work on Oyu Tolgoi underground to resume in Q1
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government have resolved several issues that have held up the underground expansion of the Oyu Tolgoi copper-gold mine in the country.
Rio Tinto’s profits improve as hard-won cost savings take hold
VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on…
Tax dispute adds doubt to Oyu Tolgoi’s UG expansion
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South…
U.S. equities edge higher, July 14-18
The downing of a Malaysia Airlines passenger jet by suspected pro-Russian militants in Ukraine and Israel’s invasion of Gaza triggered a sell-off on July 17, but U.S. markets ended the trading week in positive territory, with the Dow…