Canada

Harper takeover rules boon for Canadian resource firms

Bloomberg | May 7, 2015
Canada’s Prime Minister ‘very concerned’ about claims of espionage in Brazil’s mining sector

Energy and mining industries, hammered by a commodity slump, are poised to be the biggest beneficiaries of looser Canadian foreign-takeover rules.

Former BlackRock mining fund manager joins Barrick Gold

Cecilia Jamasmie | May 1, 2015
Former BlackRock mining fund manager joins Barrick Gold

Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.

Turquoise Hill sale of stake in Mongolia's SouthGobi falls through

Cecilia Jamasmie | May 1, 2015
Turquoise Hill sale of stake in Mongolia's SouthGobi falls through

The failed deal was supposed to allow Turquoise Hill to finally break ties with the Mongolian coal miner that was once worth over $2.4 billion.

Kyrgyzstan names new PM to settle issue with Centerra over Kumtor mine

Cecilia Jamasmie | April 30, 2015
Kyrgyzstan names new PM to settle issue with Centerra over Kumtor mine

Temir Sariyev, a 51-year-old economist, said before Thursday's vote in parliament that resolving the Kumtor issue would be among his priorities.

Shares sink as Potash Corp. slashes 2015 forecast on price outlook

Globe and Mail | April 30, 2015
BHP going after PotashCorp again: report

Tthe world’s largest fertilizer producer, cut its full-year earnings forecast because of higher taxes and lower income from foreign investments.

Goldcorp posts loss on lower margins, higher tax

Cecilia Jamasmie | April 30, 2015
Goldcorp posts loss on lower margins, higher tax

The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.

Oilprice.com

Have natural gas prices bottomed?

Oilprice.com | April 29, 2015

Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings.

Cliffs US sales beat estimates, turns a profit in Q1

Cecilia Jamasmie | April 29, 2015
Cliffs US sales beat estimates, turns a profit in Q1

But the miner revised down its 2015 U.S. iron ore sales and production volume estimate to 20.5 million tons, from its previous guidance for 22 million tons

Cleanup companies mired in mining sector’s woes

Business in Vancouver | April 28, 2015

Many wastewater-treatment businesses struggling to make sales, attract investment

Majority of Barrick’s shareholders rejects compensation plan

Cecilia Jamasmie | April 28, 2015
Majority of Barrick’s shareholders rejects compensation plan

As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.

Canadian oil sands set to benefit from low crude output

Cecilia Jamasmie | April 28, 2015
Canadian oil sands set to benefit from low crude output

Western Canadian Select crude, North America’s best-performing grade in the past month, may strengthen further as reduced drilling frees up pipeline room.

Cecilia Jamasmie

What’s behind El Salvador’s massive gold reserves sale?

Cecilia Jamasmie | April 28, 2015
What’s behind El Salvador’s massive gold reserves sale?

Analysts are not sure what to make of El Salvador’s recent move that saw its central bank sell about 80% percent of its gold reserves last month.

Greek court hands small, but key victory to Eldorado Gold

Cecilia Jamasmie | April 28, 2015
Greek court hands small, but key victory to Eldorado Gold

It revoked a 2013 ruling blocking the miner's plans to build a key processing plant at is Skouries gold-copper mine in the country's north.

Barrick begins sale of stake in Chile’s Zaldivar copper mine

Cecilia Jamasmie | April 28, 2015
Barrick begins sale of stake in Chile’s Zaldivar copper mine

Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.

Oil sands woes set to deepen as shaky petro-dynasty risks defeat

Bloomberg | April 28, 2015
Jim Prentice Alberta

One of the world’s longest-running political dynasties is on the brink of losing power, threatening to make life tougher for companies toiling in Canada’s oil patch.

Life coming back to the global exploration sector

Cecilia Jamasmie | April 27, 2015
Life comes back to the global exploration sector

After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.

Mongolia to rescind $100m payment to Khan Resources

Cecilia Jamasmie | April 27, 2015
Mongolia to rescind $100m payment to Khan Resources

The two sides met last week, but failed to reach an agreement on a dispute that has dragged on for six years.

Could HSBC relocate its head office from London to Vancouver?

Business in Vancouver | April 27, 2015
hsbc moving to vancouver

Vancouver ranked 33rd among the world’s most desirable financial centres.

Barrick faces fresh opposition to executive pay plan

Cecilia Jamasmie | April 24, 2015
Barrick facing fresh opposition to executive pay plan

The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.

Canadian mining chairman Jim Doak found dead in Mongolia

Cecilia Jamasmie | April 24, 2015
Mongolia to rescind $100m payment to Khan Resources

Doak, the chairman of Toronto-based uranium exploration and development company Khan Resources, was found dead Thursday morning in his hotel room.

Clinton, Giustra push back against New York Times' Uranium One story

Michael Allan McCrae | April 23, 2015
frank giustra statement uranium one new york times

"If this is what passes for investigative journalism in the United States, it is very sad."

Newmont Mining earnings are 50 pct higher in Q1

MINING.com Editor | April 23, 2015
newmont q1 gold

Outlook is unchanged.

Russia took control over 20% of US uranium after Uranium One’s associates made lavish contributions to Clinton Foundation

Vladimir Basov | April 23, 2015
new york times profile uranium one clinton

The sale gave the Russians control of one-fifth of all uranium production capacity in the United States.

Barrick changes plan to halt Zambia mine over royalties row

Reuters | April 23, 2015

Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties.

Cash flowed to Clinton foundation as Russians pressed for control of uranium company

New York Times | April 23, 2015

The headline in Pravda trumpeted President Vladimir V. Putin’s latest coup, its nationalistic fervor recalling an era when its precursor served as the official mouthpiece of the Kremlin: “Russian Nuclear Energy Conquers the World.”

Kyrgyz minister stepping down over failure to settle Kumtor mine issues

Cecilia Jamasmie | April 23, 2015
Kyrgyz minister stepping down over failure to settle Kumtor mine issues

Prime Minister Joomart Otorbaev resigned after hours of heated debate in parliament over the government’s performance last year.

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