CIBC upgrades Imperial Metals with Newcrest investment in Red Chris
The bank has upgraded Imperial Metals to a neutral rating from underperformer and lifted its 12-18 month target price on the stock.
Latest Stories
Diamond recycling could save the natural industry
De Beers quietly entered the recycled diamond business in 2016.
Greece’s Public Power relaunches coal-fired power plants sale
PPC wants to conclude the sale by May and has been in touch with investors from the United States, Russia and China.
China becomes world’s biggest importer of rare earths – analysts
For least seven key rare earths - including praseodymium, used in magnets, and yttrium, used in ceramics - China was a net importer in 2018 for the first time in more than 30 years.
New controversy engulfs London Metal Exchange’s warehouses
Glencore has lodged a complaint with the LME for an ongoing dispute with the warehouse operator at Port Klang, Malaysia.
Mining’s dirty secret faces a climate reckoning
Producing a single metric ton of steel in a blast furnace typically releases around 2.3 tons of carbon dioxide, not much less than you’d get from burning a ton of thermal coal for energy.
Abramovich’s Nornickel sale shows taste for Russian stock deals
Roman Abramovich’s sale of a stake in Russia’s biggest mining company shows investor appetite for the country’s assets is returning.
Northern Dynasty raises $10 million to develop Alaska Pebble project
The current resource estimates indicate the asset holds 57 billion pounds copper, 71 million ounces gold and 345 million ounces of silver.
Brazil government kickstarts efforts to mine indigenous reserves: official
Brazil's government wants Congress to reconsider a decades-old proposal to allow mining in indigenous reserves, which occupy 13% of the country's territory.
