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Musings on Greenland, tariffs and inverted yield curves
Last week the U.S. president abruptly cancelled a state visit to Denmark after the Danes rebuffed his proposal to buy Greenland, a semi-autonomous Danish territory strategically located between the North Atlantic and Arctic Ocean and rich in natural resources like…
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EDITORIAL: Barrick, Newmont settle on Nevada JV
Much has been speculated about mergers among gold producers since Barrick Gold announced the takeover of Randgold Resources last September. The $6-billion Barrick-Randgold deal came together without a hitch and was finalized on Jan. 2, 2019, making Barrick once again…
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ENVIRONMENT: Second dam failure for Vale in Brazil
Every mine and mill operator’s worst nightmare is the failure of a tailings dam. Vancouver’s Imperial Metals faced this catastrophe in 2014 at its Mount Polley copper-gold mine in British Columbia. Fortunately no one died. The company remediated the problem…
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RISKS: Canadian miner killed in Burkina Faso
News broke early today that Canadian Kirk Woodman, who went missing on Jan. 15, was found dead the following day in Burkina Faso. He was abducted Tuesday night by a dozen gunmen from a site owned by his employer Progress…
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GOLD: Newmont to pay $10B for Goldcorp, creates world’s leading gold miner
Denver-based Newmont Mining Corp. and Goldcorp of Vancouver announced plans on Jan. 14 to merge, creating the world’s leading gold producer. When the US$10 billion (all figures U.S. dollars) deal closes, a new company, Newmont Goldcorp, will be created. Newmont…
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COMMENT: Idea from Down Under needs to come Up North
The Australians have a practical and forward-thinking idea: Hire military veterans to meet the looming labour shortage in the mining sector. Veterans are highly trained and bring diverse skills and talents to the job. Many have a difficult time transitioning…
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Editorial: Kamoto halt highlights cobalt’s unpredictability
Anyone needing a reminder of the tenuousness of the global cobalt market – which plays a major role in underpinning the global boom in electric vehicles (EVs) – need only look at the stark news on Nov. 6 that Glencore’s…
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COMMENT: Acacia takeover by merged Barrick an option
UNITED KINGDOM – The buyout of Acacia Mining’s minority shareholders by the new, larger Barrick Gold is one option, said Mark Bristow, CEO of Randgold Resources. Toronto-based Barrick, which owns about 64% of Acacia, and Randgold are merging in a…
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Editorial: Industry veterans Boyd, Howes and Hemingway weigh in on innovation
Attendees of The Northern Miner’s Progressive Mine Forum held at the MaRS Discovery District in downtown Toronto in mid-October had the opportunity to hear the views of three sharp-minded keynote speakers on the topic of innovation. After accepting his commemorative Welsh…
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Plan Nord a key support for Quebec miners
Quebec’s steady support for mining
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Editorial: Gold, copper declines start to bite
The dog days of summer are upon us in North America, and this year for the mining industry the biggest dogs are gold and copper — the two leading precious and base metals, which have seen precipitous price drops in…
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Back on track
The Top 40 get back on track
