S&P lowers Freeport McMoran’s stocks in wake of earnings report
Equity research analysts at Standard and Poor's (S&P) lowered Freeport McMoRan Copper & Gold (NYSE:FCX) shares from “buy” to “hold.”
Cecilia Jamasmie , Editor-in-Chief
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60kg gold nugget gives Australian prospectors fever
A huge 60-kilogram gold nugget allegedly found near Kalgoorlie has the Australian mining community literally suffering from gold fever.
Most Gold Fields miners back to work, but KDC East strikers face final ultimatum
Almost all the 15,000 Gold Fields Ltd. (NYSE, JSE:GFI) miners at risk of being fired for going on an illegal strike reported for duty, but striking workers at the company’s KDC East operations received a final ultimatum from the company Friday.
TransCanada shuts Keystone due to anomaly
Oil was trading higher Friday morning driven, in part, by TransCanada Corp's (TSX, NYSE:TRP) announcement yesterday that it was temporarily shutting down its existing Keystone pipeline after tests showed possible safety issues.
DiamondCorp raising $1.6 million for Lace mine revamp
African exploration and development firm DiamondCorp PLC (LON:DCP) was full of good news on Friday, as it revealed it is raising $1.6 million from a share placing to help fund the expansion of its Lace mine in South Africa.
Harry Winston confirms potential buyers’ interest in its luxury division
Canadian Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) has confirmed it has received "various indications of interest" about the potential purchase of its luxury retail business.
ArcelorMittal mulls sale of $10 billion Canadian iron ore business
ArcelorMittal, the world's largest steel producer, is considering to sale a stake in its $10 billion Canadian iron ore business, in an attempt to weather the slump in its key commodity, reports FT.
Endeavour Mining closes $389 million Avion Gold acquisition
Vancouver-based Endeavour Mining (TSX:EDV, ASX:EVR) has closed the full acquisition of Toronto-based Avion Gold Corp. (TSX:AVR), in a deal originally valued at $389 million.
Chinese coal firms in Canada favour foreign labour – report
The Chinese coal mining companies that are staring business in B.C., Canada, have been accused of favouring Chinese applicants to fill available positions, as they have posted ads looking for workers who speak Mandarin, not a language spoken by most Canadians.
World Gold Council releases conflict-free standard
The World Gold Council (WGC) published Thursday the anticipated conflict-free standard, which aims to restrict production of the yellow precious metal in places where it already fuels or may trigger conflicts and human rights violations.
Wheaton lands $4.3B BHP silver stream, enters Australia
Major deals in Peru and Australia expand production reach and secure long-term precious metals supply streams.