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UPDATE 5-Vale intensifies CEO search as Ferreira to quit -sources

Posted Sunday, February 26th, 2017

  by Guillermo Parra-Bernal and Tatiana Bautzer (Reuters India – February 25, 2017) February 24, 2017 in 24 Vale SA has stepped up the search for a new chief executive officer as Murilo Ferreira announced his departure, signaling efforts by some top shareholders to shield the world’s No. 1 iron producer from political […]

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Glencore records $1.99 billion profit

Posted Friday, February 24th, 2017

    By Bloomberg News, Sudbury Star wire service Thursday, February 23, 2017 12:55:05 EST PM Glencore Plc opened the door for a big dividend to reward shareholders, which includes its top executives and dozens of employees, for sticking with the company through the commodities crisis. The mining giant, along with Rio Tinto Group and […]

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New Gold raising $150M for Rainy River construction

Posted Thursday, February 23rd, 2017

    February 23, 2017 by Canadian Mining Journal   ONTARIO – New Gold of Toronto has entered into a bought deal financing that will raise at least US$150 million for construction of the Rainy River gold mine 65 km northwest of Fort Frances. New Gold will issue 53.6 million common shares at a price […]

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