Volume 100 Number 34 Oct 6 - 12, 2014

Iamgold's Niobec niobium mine in Quebec's Lac-Saint-Jean region, 200 km north of Quebec City. Credit: Iamgold

Iamgold to sell Niobec mine

President and CEO Steve Letwin of Iamgold (TSX: IMG; NYSE: IAG) told the Denver Gold Forum that he is confident the company can soon sell its Niobec mine in Quebec for $500 million after taxes.

The geology team at Arianne Phosphate's Lac  Paul phosphate project, 200 km north of Saguenay, Quebec. Credit: Arianne Phosphate

Quebec government invests $2M in Arianne Phosphate

The Quebec government — through Investissement Québec — is investing $2 million to become a shareholder in Arianne Phosphate (TSXV: DAN; US-OTC: DRRSF) and its Lac à Paul deposit, one of the largest greenfield…

Monarques Resources' past-producing Croinor gold project, 70 km east of Val-d'Or, Quebec. Credit: Monarques Resources

Monarques builds critical mass

Over the last 18 months, Monarques Resources (TSXV: MQR; US-OTC: MRQRF) has taken advantage of the depressed capital markets to accumulate 13 gold properties on the cheap in Val-d’Or, Que. 

A ball mill at the Sigma-Lamaque gold-processing plant in Val-d'Or, Quebec.

Integra Gold gets creative with Sigma-Lamaque

VANCOUVER — It’s not often that a junior company can get its hands on a 2,200-tonne-per-day processing facility a mere 500 metres way from its resource-stage project boundary. But that’s exactly what Integra…

U.S. markets under pressure, Sept. 22-26

U.S. markets ended in negative territory during the trading week, with the Dow Jones Industrial Average falling 166.59 points, or 0.96% to 17,113.15, and the S&P 500 Index sliding 27.55 points, or 1.37%, to 1,982.85. The Philadelphia Gold…

TSX declines, Sept. 22-26

The S&P/TSX Composite Index lost 238.58 points during the trading week to end at 15,026.77. The S&P/TSX Global Gold Index stayed relatively flat at 170.72 points, while the spot price for gold added US$3.20 per oz. to US$1,219.40. The…

The exploration camp at Eastmain Resources' Clearwater gold project in Quebec's James Bay region. Credit: Eastmain Resources

Eastmain’s Eau Claire deposit grows in lonore’s shadow

BEAVER CREEK, COLORADO — Eastmain Resources (TSX: ER; US-OTC: EANRF) is confident that its Eau Claire deposit will become the second gold mine in Quebec’s James Bay region, following Goldcorp’s (TSX: G; NYSE: GG) nearly built…

A bucket-wheel excavator at BHP Billiton's Klipspruit thermal coal mine in South Africa. Credit: BHP Billiton

China moves to restrict imports of low-quality coal

A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain…

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