Volume 101 Number 42 Nov 30 - Dec 6, 2015

A rendering of Tesla Motors' planned Gigafactory - which will produce lithium-ion batteries - currently under construction in Storey County, Nevada. Credit: Tesla Motors

Bacanora raises US$13.4M for Mexican lithium project

Just a few months after Bacanora Minerals (TSXV: BCN) and Rare Earth Minerals (LSE: REM) signed a deal with Tesla Motors (NASDAQ: TSLA) to supply the carmaker with lithium hydroxide from their Sonora lithium project in Mexico, the companies…

US stocks rise, Nov. 13-19

U.S. equities gained after the Federal Reserve signalled a possible December rate hike at its last policy meeting, suggesting the U.S. economy is getting stronger. The Dow Jones Industrial Average rose 1.6% to finish at 17,448.07, the S&P…

Kaminak Gold president and CEO Eira Thomas at the Coffee gold project camp, 130 km south of Dawson City, Yukon. Photo by Matthew Keevil.

Site Visit: Kaminak on track to build next Yukon gold mine

DAWSON CITY, YUKON — If there was a betting pool on which junior mining companies will bring Canadian assets into production over the next five years, Kaminak Gold (TSXV: KAM; US-OTC: KMKGF) would be one of the favourites. Despite…

The headframe at St Andrew Goldfields' flagship Holt gold mine, 53 km east of Timmins, Ontario, which operates at a rate of 1,300 tonnes per day. Credit: St Andrew Goldfields

Cliffs shutters Northshore amid weak iron ore demand

Cliffs Natural Resources (NYSE: CLF), the largest U.S.-based iron ore producer, is temporarily closing its Northshore Mining operation in Minnesota by Dec. 1, to reduce its record-high iron ore inventory levels amid weaker iron ore demand in…

A truck at Teck Resources' Fording River metallurgical coal mine in southeastern British Columbia. Credit: Teck Resources

Teck cuts jobs, dividend

Diversified miner Teck Resources (TSX: TCK.B; NYSE: TCK) is slashing jobs and lowering its dividend to protect its liquidity amid the commodity price collapse.

Minera IRL's Ollachea gold project in Peru, as seen in 2011. Photo by John Cumming

Editorial: Corporate chaos ensnarls Minera IRL

With Minera IRL shareholders only two days away from possibly voting out the company’s entire board of directors, the saga of the ill-fated, Lima-based junior gold miner is a reminder of just how quickly things can turn sour working in a…

BC Court declines jurisdiction in Garcia v. Tahoe

On Nov. 10, 2015, the British Columbia Supreme Court (BCSC) declined jurisdiction and stayed the plaintiff’s action in Garcia v. Tahoe Resources Inc., 2015 BCSC 2045, in which seven Guatemalan citizens attempted to sue the Canadian parent…

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