Volume 101 Number 17 June 8 - 14, 2015

US stocks end lower, May 25-29

Uncertainty over Greece’s debt talks and a first-quarter contraction in the U.S. economy pushed stock indexes lower. Markets closed for the Memorial Day holiday, but when they reopened, the Dow Jones Industrial Average dropped 1.2% to…

A map showing assets that have been spun of out BHP Billiton into the new company South32.  Credit: South32

Analysts weigh in on BHP spinoff South32

In April BMO Capital Markets initiated coverage of BHP Billiton (LSE: BLT) spin-off South32, (LSE: S32; US-OTCBB: SOUHY)commenting that the shares of the newly created mining company “represent a more compelling investment than BHP…

Workers with drill rods at Eldorado Gold's Certej gold project in central Romania. Credit: Eldorado Gold

Eldorado improves economics at Certejin Romania

Eldorado Gold (TSX: ELD; NYSE: EGO) has released a feasibility study on its 80.5%-held Certej project in central Romania, showing modest returns that are in-line with analyst expectations.

The processing plant at Lundin Mining's 80%-owned Candelaria copper mine in northern Chile's Atacama province. Credit: Lundin Mining

Lundin faces scrutiny in Chile

Less than a year after Lundin Mining (TSX: LUN) acquired an 80% stake in Freeport-McMoRan’s (NYSE: FCX) Candelaria copper mine in Chile in a deal worth $1.8 billion, a Chilean environmental regulator has filed charges against the…

TSX closes in the red, May 25-29

Concerns of a shrinking economy drove Canada’s main stock index down 1.2% to close at 15,014.09. The S&P/TSX Capped Diversified Metals & Mining Index decreased 2.7% to 727.52, and the S&P/TSX Global Mining Index retreated 1.7%…

TSX Venture drops, May 25-29

The S&P/TSX Venture Composite Index lost ground, dropping 1.6%, or 11.03 points, before finishing at 692.45 points. The performance followed poor first-quarter results from the U.S. and Canadian economies, which both contracted over the…

The first gold dor pour at Aureus Mining's New Liberty gold mine in northwestern Liberia. Credit: Aureus Mining

Aureus beats Ebola to pour first gold at New Liberty

Just a month and a half behind schedule and three weeks after the World Health Organization (WHO) marked the end of the Ebola outbreak in Liberia, Aureus Mining (TSX: AUE; LSE: AUE) celebrated the first gold pour at its New Liberty open-pit…

Simon Houlding (middle) accepts the 2015 Vale Medal for Meritorious Contributions to Mining from the Canadian Institute of Mining, Metallurgy and Petroleum in May. Credit: EduMine

EduMine’s Simon Houlding wins Vale medal

Growing up in Zimbabwe after World War II, completing an engineering degree at the University of Witswatersrand in Johannesburg, and working at Jones & Wagener, a specialist firm of consulting engineers and scientists based in South Africa,…

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