Volume 101 Number 51 Feb 1 - 7, 2016

Potash Corp.'s Rocanville potash facility in Rocanville, Sask. Source: Potash Corp. of Saskatchewan

PotashCorp suspends its newest mine in NB

Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is indefinitely suspending its new Picadilly potash mine in New Brunswick to lower its company-wide costs — dismissing roughly 430 workers. 

Moe Lavigne, KWG Resources' vice-president of exploration and development, inspects core in 2010 at the Big Daddy chromite deposit in Ontario. Credit: WG Resources

KWG turns to China for help in Ring of Fire

A railway design and engineering company named China Railway First Survey & Design Institute Group Co. (FSDI) and owned by China Railway Construction, one of China’s three major state-owned rail groups, is teaming with KWG…

Workers underground at Vale's Taquari-Vassouras   potash mine in Brazil. Credit: Vale

Moody’s puts 55 miners on review for downgrade

Moody’s Investors Service has put the credit ratings of 55 mining companies under review due to poor market conditions, noting this downturn marks a “unprecedented shift” for the mining industry.

TSX Venture loses more ground, Jan. 18-22

The S&P/TSX Venture Composite Index hit historic lows, as it dropped 1.1%, or 5.29 points, en route to a 483.67-point weekly close. Monetary stimulus measures were on the horizon for many of the world’s major economies, as European…

TSX rises on higher oil prices, Jan. 18-22

The Toronto stock market ended in positive territory, as oil prices strengthened and investors considered possible monetary easing by central banks in Europe and Japan. The S&P/TSX Composite Index rose 2.6% to close at 12,389.58. The…

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