Buyer emerges for Coalspur Mines
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.
Australia, NZ & South Pacific
Mandalay shines in tough markets
It’s no surprise analysts have been praising Mandalay Resources (TSX: MND; US-OTC: MNDJF) for meeting its production guidance and paying dividends, which many competing juniors are struggling to do in the bleak commodity price environment.
Coeur takes US$1B writedown in 2014
Coeur Mining (TSX: CDM; NYSE: CDE), the largest U.S.-based silver producer, reported a wider net loss for 2014 as it took a US$1-billion after-tax writedown in the fourth quarter, following weaker silver and gold prices.
Otterburn’s K92 picks up Barrick’s Kainantu mine
Measures taken by Barrick Gold (TSX: ABX; NYSE: ABX) to divest non-core assets, chip away at debt and focus on five cornerstone mines in the Americas are benefiting juniors like Otterburn Resources (TSXV: OBN).
Mining industry revisits anti-corruption procedures
Mining companies should take note of Canada’s stricter penalties and more aggressive enforcement of anti-corruption laws and make sure their anti-bribery compliance procedures are up to speed, lawyers, forensic accountants and mining…
Paladin gets PE from Asia
Like most uranium companies last year, Paladin Energy (TSX: PDN; ASX: PDN) struggled with tough markets and low commodity prices.
BHP spinoff South32 to launch in mid-2015
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.
Asian Mineral capitalizes on first-mover status in Vietnam
VANCOUVER — It’s been a long journey for Asian Mineral Resources (TSXV: ASN; US-OTC: AIERF) at its Ban Phuc nickel-sulphide project, 160 km west of Hanoi in Vietnam’s Son La province, but the company’s patience is about…
Miners struggle to adapt to lower coal prices
Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.
Freeport-McMoRan rejigs property portfolio as oil prices sink
VANCOUVER — It’s been a year of change for miner Freeport-McMoRan (NYSE: FCX) that has included a portfolio shuffle and renewed focus on a strong balance sheet and dividends. The company remains a big player in the…
TSX stays strong, Nov. 17-21
The S&P/TSX Composite Index gained for the sixth straight week, moving up 286.03 points to 15,111.13. The S&P/TSX Global Gold Index added 5.67 points to 153.41, while the S&P/TSX Capped Diversified Metals & Mining Index climbed…
Editorial: Iron ore prices – Where’s the bottom?
As the daylight hours shorten and winter chill takes hold of the iron ore mines and surrounding communities in the Labrador Trough, it’s as good a symbol as any of the deep freeze that is engulfing the global iron ore market, as spot…