Mining industry
The metals & mining industry saw a notable gain, with two out of three major indices trading up on August 14, 2015. The Dow Jones Industrial Average (^DJI) was up 22 points (0.1%) at 17,430, while the NYSE advances/declines ratio sat at 1,691 issues advancing vs.
Mining industry
A critical court ruling has deemed that conductivity pollution from two mountaintop removal coal mines in West Virginia violates key state and federal water quality protections. The decision, following a multi-day trial and extensive briefing, rejects every defense and expert opinion put forward by the mining industry. The action was
Mining industry
A tumultuous year in the global mining sector came to a close with record commodity prices, despite a downturn in prices as 2011 drew to a close. Chile's Codelco has exercised an option to acquire a stake in Anglo American's Sur mining complex, while union disputes
Mining industry
Base metals started the year on a relatively firm footing, with copper, aluminum, and zinc prices increasing amid equity gains and a weaker dollar. The dollar's decline against the euro provided support to dollar-denominated assets like metals, making them appear cheaper to other currency-holders. Recent better-than-expected Chinese and
Mining industry
The study aimed to optimize the financial development scenario for the Maud Creek Deposit, and the results indicate that the deposit can support a financially viable and robust gold project. The deposit, located approximately 110 kilometers southeast of the Company's Union Reefs processing facility, has a 43-101 compliant
Mining industry
Crocodile Gold Corp. announced the adoption of a limited duration Shareholder Rights Plan in response to an unsolicited takeover proposal from Luxor Capital Group, LP. The plan aims to protect shareholder interests and provides a framework for evaluating potential acquisition bids. The Rights Plan is set to expire on February
Mining industry
Copper prices fell to a two-week low on the Comex division of the New York Mercantile Exchange, as investors remained skeptical about Europe's progress towards combating its debt crisis. The March delivery contract fell 2.25 cents, or 0.7%, to settle at $3.4415 a pound, amidst
Mining industry
Copper futures traded near steady on Tuesday as signs of easing pressures in Europe after successful debt auctions drew some buyers back to the market after the previous day's selloff. The Comex March copper contract was down 0.1 cent at $3.463 a pound, with copper flat
Mining industry
Insider trading reports and equity research have been released for several major companies, including JPMorgan, Affymax, Sirius XM Radio, Freeport-McMoRan, Ciena, and THQ. These reports provide insights into insider trading activities and company performance. Notably, JPMorgan's Chief Executive Officer Jamie Dimon forecast "flat" investment-banking revenue and
Mining industry
HudBay Minerals Inc. CEO David Garofalo sees a continuation of mining dealmaking in the coming year as cash-rich miners seize opportunities presented by falling commodity prices and global growth concerns. The company isn't planning to make a competing bid for Quadra FNX Mining Ltd. but is open to
Mining industry
Gold miners' shares have lagged behind the rise in gold prices, with companies like Barrick Gold and Kinross Gold citing cautious market forecasts and geopolitical risk as reasons for the disparity. Despite record profits and increased dividend payments, investors are turning to gold exchange-traded funds (ETFs) as an alternative
Mining industry
White Tiger Gold Ltd. has announced positive assay results from its first diamond drilling program completed on the Drevniy gold prospect, one of six known gold prospects in the 760 km2 Pridneprov license area in northeast Russia. The drilling highlights a wide zone of gold mineralization suitable for open-pit mining,
