November 9, 2015

Gold recovers, but still heading for third-straight year of losses

The last time the yellow metal dropped in value for three consecutive years was between 1996 and 1998, and experts say prices will fall even further.

November 9, 2015

Goldcorp declares $0.02 monthly dividend

Shareholders of record at the close of business on Thursday, November 19, 2015 will be entitled to receive payment of this dividend on Friday, Nov. 27.

November 9, 2015

China smog at ‘record’ levels as coal burning for heating begins

Local authorities have issued the highest alert, warning residents to stay indoors.

November 9, 2015

BHP Billiton hits seven-year low in wake of Brazil disaster

Analysts estimate the accident is likely to keep the the Samarco iron ore mine shut until financial 2019, with clean-up costs exceeding US$1 billion.

November 9, 2015

Lonmin sees salvation, launches $407m rights issue at only 1 pence per share

The company has priced its $407 million share sale at a discount of 94% as it fights for survival after a near-collapse in the commodity's price.

November 9, 2015

World’s biggest zinc producer exploring total exit from mining

Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.

November 9, 2015

Twice-defeated disclosure bills given new life with Liberal majority

John McKay is optimistic.

November 6, 2015

Obama ends seven-year saga: rejects TransCanada’s Keystone XL pipeline

The decision, confirmed this morning, puts an end to a seven-year saga that became one of the biggest environmental flashpoints of Obama's presidency.

November 6, 2015

Regulator to weigh on Suncor attempts to take over Canadian Oil Sands

Suncor steeped up its hostile Cdn$4.3bn bid for COS by asking the Alberta Securities Commission to strike down the target’s rights plan to prevent a takeover.

November 6, 2015

Gold prices are collapsing on surprisingly strong US jobs data

Blame Fed Chair Janet Yellen, as she said earlier this week that a rate hike in December was a “live possibility” if the economy continued to perform well.