Oct 31, 2015

   

Industry News

Blame mining companies, not China, for resource value wipeout

  Eric Reguly – EUROPEAN BUREAU CHIEF ROME — The Globe and Mail Published Friday, Oct. 30, 2015 4:18PM EDT American senator Everett Dirksen wasn’t talking about the commodities industry when he reputedly said “a billion here, a billion there, pretty soon you’re talking real money.” Were he alive today, he could have. Great gobs of real...

4  MIN READ

Oct 31, 2015

   

Industry News

Ontario Government Financials 1 Billion dollars a Month on Interest on Debt

  How Can  Ontario survive with  its debt load interest payments at 1 billion dollars a month? Read Revenue and Expenditures Statement to see where your money goes and what/who pays for the operations  of Government http://www.fin.gov.on.ca/en/budget/ontariobudgets/2014/ch2f.html For the current fiscal year here are rough estimates for the top three Ontario government expenditures: Health $50 billion Education(Colleges and...

< 1  MIN READ

Oct 31, 2015

   

Industry News

Glencore Change in Management

Glencore Change in Management Marc Boissonneault has been promoted to the position of Head of Glencore Nickel Assets. Marc began this new international role on October 1st, 2015.   As a result of this move, Peter Xavier is now Vice President of Glencore’s Sudbury Integrated Nickel Operations.  

< 1  MIN READ

Oct 31, 2015

   

Industry News

METS Growth Center Launches in Brisbane

Published: Thursday, 29 October 2015 18:33Written by E&MJ News   Adopting new technologies, finding smarter mining and processing solutions and making these available to the mining industry is the aim of the METS Growth Center, launched recent by Federal Minister for Industry, Innovation and Science, the Hon. Christopher Pyne. Australia’s Mining Equipment, Technology and Services...

< 1  MIN READ

Oct 31, 2015

   

Industry News

Goldcorp shares are being decimated

Goldcorp  Inc (TSE:G, NYSE: GG) on Thursday reported a bigger than expected loss despite record gold production and reduced costs. The market punished the Vancouver-based company following the release of third quarter operational and financial results, wiping more than a billion off its market value. Goldcorp was last trading $13.10 per share in New York, down 10.4% and...

< 1  MIN READ

Oct 31, 2015

   

Industry News

China’s new 5-year plan brilliant news for mining

  Frik Els | October 30, 2015  WWW.mining.com   The end of China’s one-child policy has grabbed all the headlines, but the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China (to give its full designation) also outlined the direction of the world’s second largest economy over the next five years....

2  MIN READ

Oct 30, 2015

   

Industry News

Northern cities struggle in entrepreneur rankings

  Sudbury finished 108 out 121 cities; at 71, Timmins top ranked in Northern Ontario Greater Sudbury finished 108th out of 121 municipalities in a survey rating Canada’s most entrepreneurial cities. Sudbury finished with a score of 47.2, compared to a group of municipalities near Calgary, the top finisher, which scored 73. The highest ranking...

2  MIN READ

Oct 30, 2015

   

Industry News

The story of Voisey’s Bay – the auction Part two Visual Story of Bids

Part 2: The Auction In case you missed it yesterday, here’s Part 1. Our new three-part series covers the legendary tale behind the Voisey’s Bay nickel discovery – one of the most famous mining exploration stories of all time. Part 2 covers the high-profile bidding war that ensued between rival companies such as Teck, Inco, and Falconbridge to...

< 1  MIN READ

Oct 30, 2015

   

Industry News

Upcoming GSM Events laurentian Sudbury

Upcoming Lecture Series: Sean Willy, Director Corporate Responsibility, Cameco Corporation Building Relationships and Value with Local Communities Around Mining Operations Sean Willy, Director, Corporate Responsibility, Cameco Corporation   When: November 19, 2015 Time: 7:00 p.m. Where: Fraser Auditorium Admission: Free!   Register: http://www2.laurentian.ca/lecture/SWilly/ (     Handheld XRF Workshop: Two Day Workshop that includes guest speakers and NRCAN Certification for those interested....

< 1  MIN READ

Oct 30, 2015

   

Industry News

Potash Corp slashes outlook, production amid tough market conditions

Cecilia Jamasmie mining.   &amp;amp;lt;img width=”300″ height=”250″ src=”http://www.mining.com/wp-content/uploads/2015/10/300x250xpotash-corp-hit-by-weak-market-300×250.jpg.pagespeed.ic.iDR0ja7LuF.jpg” class=”attachment-home-recent-news-thumb wp-post-image” alt=”Potash Corp slashes outlook, production amid tough market conditions”/&amp;amp;gt; Canada’s Potash Corp. (TSX, NYSE:POT), the world’s biggest fertilizer producer by market value, cut Thursday its full-year earnings forecast and said it expects to sell less potash in the year than expected due to weak demand and prices,...

2  MIN READ