Caterpillar will close two facilities and is contemplating the closure of its engine manufacturing plant in Illinois, which together could potentially result in about 880 job losses, a company spokeswoman told Reuters on Friday.The restructuring, announced over the past two months, is part of the heavy equipment maker's overall strategy to boost profitability and make itself better able to manage...Read More
Ontario is helping to improve the connectivity of residents and local businesses in Hearst by investing in enhanced access to high speed internet. With funding from the province's Northern Ontario Heritage Fund Corporation (NOHFC), the Hearst Wi-Fibe Corporation is installing a fiber optic network that will boost internet and broadband Ethernet speeds in the region. The improvements will include...Read More
Mr. Nav Dhaliwal reportsBONTERRA RESOURCES NOW TRADES ON OTCQX RECEIVING FULL DTC ELIGIBILITYOn March 16 Bonterra Resources Inc.'s common shares will be trading in the United States on the OTCQX International, the highest tier of the OTC market, under the symbol BONXF. Bonterra's common shares continue to trade on the TSX Venture Exchange under the symbol BTR."Bonterra's expansion into the U.S. se...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, and its partner in Gahcho Ku?(C) mine, Mountain Province, are seeking to acquire a Canadian explorer and so expand their jointed operation in Canada's far north.Toronto-based Kennady Diamonds (TSX-V:KDI) owns the Kennady North project, located immediately adjacent to the De Beers/Mountain Province mine.If the proposed...Read More
Entrepreneur picked the brain of gold miner Parker Schnabel, who has learned a lot about success and risk taking while digging in the dirt.Read full newsRead More
YAKUTSK, Russia - A fortune in gold and other precious metals fell from the sky as a plane took off from Yakutsk, Russia Thursday, according to local reports.Officials believe the latch on a plane door carrying at least 9 tons of pricey cargo gave way, allowing some of the gold to tumble out of the An-12 aircraft, according to the Tass news agency. Roughly 3.4 tons were found scattered across the...Read More
A plane carrying tons of gold and silver scatters its cargo during and after takeoff from a Siberian airport.Read full newsRead More
VANCOUVER, British Columbia _ Asanko Gold Inc. on Thursday reported a loss of $7.1 million in its fourth quarter. The Vancouver, British Columbia- based company said it had a loss of 3 cents per share. For the year, the company reported net income of $6.1 million, or 3 cents per share, swinging to a profit in the period.Read full newsRead More
Weather report: cloudy with a chance of gold.Read full newsRead More
Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18 percent next year from current levels.State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2 billion, the largest ever foreign acquisition by a Polish company.But a subsequent fall in copper prices and technical issues in sta...Read More
The gold and silver bars fell out of the plane after the hatch door broke during take off.Read full newsRead More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a mediocre 74-87-129. The TSX Venture Exchange rose fractionally to 828 while polished diamond prices rose 0.1 per cent. Chris Taylor's -- and increasingly, Chuck Fipke's -- Dunnedin...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery gained 23 cents to $61.19 on the New York Merc, while Brent for May gained 23 cents to $65.12 (all figures in this para U.S.). Western Canadian Select traded at a discount of $25.55 to...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold lost $8.50 to $1,315.70 on Thursday. The TSX Venture Exchange rose 0.80 point to 828.08 while the TSX Gold Index slipped 0.86 point to 183.29. Klondex Mines Ltd. (KDX) led Canadian gold miners lower today, slumping 2...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange closed up a fraction to 828.08 Thursday.Mohammad Fazil has filed a preliminary prospectus to list his second capital pool shell, Elephant Hill Capital Inc.The shell plans to sell a $300,000 to $500,000 initial...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellBarkerville Gold Mines Ltd. denies that it did anything wrong in terminating contracts it had with a company belonging to its former president, Frank Callaghan. Barkerville claims that it ended the contracts in accordance with their terms. As such, it...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellBDO Canada LLP and two other auditing firms have agreed to pay $390,362 in sanctions to settle allegations that their audits of a Canadian company circumvented the oversight of the Public Company Accounting Oversight Board. (All figures are in U.S. do...Read More
A 'An-12' airplane taking off after refuelling at an airport in Siberia lost almost 172 bars of gold/silver dore that fell to the ground after breaking through the loading bay fuselage. The bars, which originally came from Kinross' Kupol mine in Chukotka, northeastern Russia, weighted 20 kilos each and ended up scattered on the runway and the fields that surround the airport.According to local med...Read More
Every investor wants to own stocks that don't just rise with the market but beat it in the long run. When the market falls, such stocks may not fall as much; and if they do, they are likely to recover quickly. Net effect: you end up with big returns over time.Waste Connections Inc. (TSX:WCN)(NYSE:WCN), Shopify Inc. (TSX:SHOP)(NYSE:SHOP), and Teck Resources Ltd. (TSX:TECK.B)(NYSE:TECK) are beating...Read More
Cobalt hit a fresh 10-year high on Thursday as the Democratic Republic of Congo government continued to make noises about deeming the battery raw material 'strategic'.Staff reporterChina Moly and its Tenke Fungurume copper-cobalt mine is one of the mine's likely to be hit by the DRC mining code changesChina Moly16 MARCH 201816/03/2018commentsshareThe LME cash price rose to US$87,250 per tonne...Read More