Hedge funds aren’t wavering on gold price rally
After raising bullish bets again last week, hedge funds have now gone long gold by a whopping 682 tonnes, but some see huge liquidation ahead.
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Emerging trends in the mining industry
Despite the dilemmas in recent years, which continue to persist, emerging trends in the mining industry may offer solutions — or at least opportunities for improvement industry-wide.
Barrick’s fourth CFO in five years may be what shareholders were waiting for
Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.
Czech coal miner NWR on the verge of collapse as rescue talks freeze
NWR warned that unless the government and creditors agree on the firm's restructuring by Friday, it would have to consider filing for insolvency of OKD.
Power cuts weigh on Randgold’s Ivory Coast mine output
Energy supply issues also hurt equipment at the miner's Tongon gold operation in the first three months of this year.
Sandvik parries mining doldrums as profit slides less than forecast
Years of soft commodity prices have depressed demand for mining equipment as miners cut costs and shutter unprofitable sites.
Freeport mulls selling minority stake in copper mine portfolio
Freeport McMoRan Inc. is considering selling a minority stake in its portfolio of copper mines, sources familiar with the matter said, one of the options on the table as the company scrambles to slash its $20-billion (U.S.) debt load.
500 jobs lost after Cameco shuts down Rabbit Lake
In a further indication of the uranium slump, Cameco (NYSE:CCJ, TSX:CCO) is suspending production at its Rabbit Lake operation in northern Saskatchewan and curtailing production at its US operations.
Canada fails environmental test
A resource-dependent economy has its price, and in Canada's case, it means a poor report card for protecting the environment.
