Fednav sends nickel through the Northwest Passage
On Sept. 19 the MV Nunavik embarked on a historic 29-day journey from Deception Bay in Quebec’s far north to deliver 21,000 tonnes of nickel concentrate to Bayuquan, in China’s Liaoning province.
2014
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.
Rule, Cook on navigating today’s choppy waters
BEAVER CREEK, COLORADO — In a keynote address at the recent Precious Metals Summit, Sprott US Holdings chairman Rick Rule and geologist Brent Cook dug into the realities of the exploration game and how best to conduct due diligence…
Newstrike touts low costs in Ana Paula PEA
VANCOUVER — Four years ago junior Newstrike Capital (TSXV: NES; US-OTC: NWSKF) scored a strategic slice of Mexico’s emerging Guerrero gold belt (GGB) in the form of its wholly owned Ana Paula gold asset, and now the company is…
Commentary: Rise and growth of gold ETFs
The last decade has been an eventful one for gold markets. We have seen a remarkable 12-year bull market, a shift in demand from the developed West to the rising East, and global central banks as net buyers of gold for the first time since…
TSX struggles, Sept. 15-19
The S&P/TSX Composite Index fell 266.23 points, or 1.71% to 15,265.35, while the S&P/TSX Capped Diversified Metals & Mining Index plunged 7.7%, or 67.86 points, to finish the week at 813.12. The S&P/TSX Global Mining Index…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, September 23, 2014Precious MetalsPrice…
US stocks rise, Sept.15-19
U.S. equities ended the trading week in positive territory. The Dow Jones Industrial Average added 292 points to end at 17,279.74, while the S&P 500 Index rose 25 points to 2,010.40. The tech-heavy Nasdaq Composite Index jumped 12 points to…
Probe Mines brings ex-Barrick CEO on board
On Sept. 16, a day after Jamie Sokalsky stepped down as Barrick Gold’s (TSX: ABX; NYSE: ABX) president and CEO, came news of his first post-Barrick appointment: director and chairman of junior Probe Mines (TSXV: PRB; US-OTC: PROBF).
Robust economics in GoGold’s PEA for Santa Gertrudis
After clinching a deal earlier this year to secure Animas Resources and its past-producing Santa Gertrudis gold mine in Mexico’s Sonora state, GoGold Resources (TSX: GGD) has released a preliminary economic assessment (PEA) outlining the…
Vale’s Q2 nickel production plunges in Sudbury
Vale’s (NYSE: VALE) companywide nickel production in the second quarter of 2014 was 61,600 tonnes, an 8.6% drop from the first quarter and 5.3% fall from the year-ago period. Vale says the decline mainly reflects the impact of four weeks…
Ontario gov’t wants improved underground mine safety
VANCOUVER — Back in December Ontario’s Ministry of Labour commissioned a review of health, safety and prevention issues in underground mining in the province.