Weak finish for the Canadian Mining Eye Index in Q4 — EY
EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.
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Gold miners hammered by metal’s biggest one-day loss this month
Shares in most gold miners fell Monday as the precious metal price dropped more than 1% in early trading and was steadily heading to its largest single-session loss of the month.
Oreninc Index rebounds as cash pours into juniors
It rebounded in the week ending February 10, 2017 to 90.26 from 76.28 the previous week.
Newcrest doubles first-half profit, to pay divvy
The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.
Iron ore soars past $92 a tonne, highest price in 2.5 years
Prices for the steelmaking commodity have more than doubled in value over the past year following near-decade lows of $38 a tonne in December 2015.
McEwen Mining keeps growing, buys exploration junior Lexam VG
The proposed friendly acquisition will give McEwen access to advanced exploration stage properties located in the heart of Timmins Gold Camp, northern Ontario.
Australia’s $5 billion bet on clean coal
The Australian government has opened the door to using a $5 billion fund designed to attract investment in northern Australia, to develop clean-coal projects.
Finland inks $266 million deal to revitalize Europe’s largest nickel mine
A large but troubled nickel mine in Finland may be back on the road to profitability thanks to a recent deal that saw commodities trader Trafigura take a 15.5 percent stake.
DR Congo’s perfect storm
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.