Volume 101 Number 7 Mar 30 - Apr 5, 2015

View of the open pit at Almonty Industries' Los Santos tungsten mine 50 km from Salamanca in western Spain. Credit: Almonty Industries

Almonty voices interest in Ormonde

Almonty Industries (TSXV: ALL), a Toronto-headquartered company that describes itself as a specialist in acquiring distressed and underperforming tungsten assets, is turning its sights on Dublin-based Ormonde Mining (LSE: ORM).

"The Aussie dollar has weakened so much that Australian coal that previously was at the borderline of being profitable, is now profitable," Sultoon says. Image: BHP Billiton

Coal sector woes expected to accelerate, experts say

With coal prices sitting at multi-year lows, almost 17% of coal production this year in the U.S. could be at risk of idling or closure, as total cash costs plus sustaining capital expenditures exceed current market prices, Wood Mackenzie says…

US equities jump, March 16-20

U.S. stocks rose on a declining dollar and higher gold prices at a slower-than-expected pace, which pushed up the main indexes.

TSX picks up steam, March 16-20

Canada’s benchmark index gained after the U.S. Federal Reserve signalled it was in no hurry to raise interest rates. The news lowered the U.S. dollar and increased commodity prices, as commodities priced in U.S. dollars became more…

From left: Rod Thomas, president of the PDAC; David Palmer, president and CEO of Probe Mines, and winner of the Bill Dennis Award for a Canadian Discovery or Prospecting Success. Credit: ENVISIONDIGITALPHOTO.COM

PDAC celebrates 2015 award recipients

The recent annual convention in Toronto of the Prospectors & Developers Association of Canada saw a diverse group of mining personnel scoop up this year’s awards.

Drillers at Ivanhoe Mines' 95%-owned Kamoa copper project in the Democratic Republic of the Congo. Credit: Ivanhoe Mines

China’s Zijin Mining invests in Ivanhoe

Fresh on the heels of its 2015 Thayer Lindsley award win for discovering the Kamoa copper deposit in the Democratic Republic of the Congo (DRC), Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has reeled in Zijin Mining as a strategic investor.

TSX Venture turns positive, March 16-20

The S&P/TSX Venture Composite Index edged up 1%, or 6 points, en route to a 670.60-point close. Gold, copper and energy futures benefitted from weakness in the U.S. dollar, while Statistics Canada reported that the inflation rate held…

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