Teck closes in on debt targets

Canadian diversified miner Teck Resources won't argue with suggestions that it could achieve its own targets for debt ratios by early next year, a top executive said on Wednesday. The company is aiming to put itself in a position that will merit...

Alexco gets pivotal permit for Yukon mine

Vancouver-based Alexco Resource Corp has been issued a quartz mining licence by the government of Yukon for its Bellekeno mine in the Canadian territory. The licence is the primary permit authorising Alexco to immediately begin mine development...

Copper near 13-1/2 mth highs, dollar hinders

Copper hovered near 13-1/2 month highs on Tuesday as the dollar rose and inventories marched higher, but new investor cash offered some support. Benchmark copper on the London Metal Exchange closed at $6 826 a ton versus $6 855 on Monday. It...

Century mine zinc port stockpile to run out

Australia's Century zinc mine will run out of concentrate at its shipping port later on Tuesday, forcing buyers to look for alternative supply sources, a spokeswoman for the mine said. Shipments of concentrate from the world's second-largest zinc...

Breakwater returns Myra Falls hoist, but evacuates due to weather

The production hoist at TSX-listed Breakwater Resources' Myra Falls mine, in British Columbia, has been returned to service after a fire earlier this month, the firm reported on Monday. However, the firm said later in the day that the underground...

Copper at 13-1/2 mth high on weak dollar, China snow

Copper hit a 13-1/2 month high on Monday, boosted by a weak dollar, worries bad weather might disrupt supply in China and optimism over economic recovery prospects. Copper for three-month delivery on the London Metal Exchange traded at $6 770 a...

Breakwater says workers ratify labour deal

TSX-listed Breakwater Resources confirmed on Friday that hourly employees at its Myra Falls mine, in British Columbia, had voted to ratify the tentative labour agreement reached earlier in the week with management. The vote was 83% in favour of...

Current nickel price not 'realistic' – FNX chief

The nickel market is skewed at the moment by a strike at Vale Inco's Sudbury, Ontario, and Voisey's Bay operations, which raises questions over the sustainability of the current price, FNX Mining CEO Terry MacGibbon said on Thursday. FNX also has...