FNX posts loss, shares fall

Shares in Sudbury miner FNX Mining slid 12% in early trading on Monday, after the company reported a net loss for the fourth quarter of C$397,4-million. A year earlier, profit was C$32,28-million.

FNX cancels $100m credit facility as borrowing costs soar

Base-metals miner FNX Mining has opted not to renew a $100-million line of credit facility, because the costs involved would be "significant", and the company believes its balance sheet is strong enough to support planned spending in 2009. "As a...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

FNX announces more Sudbury nickel cutbacks, chops 307 jobs

Canadian base-metals miner FNX Mining will extend the suspension of nickel ore mining at its Levack mine, and also plans to halt nickel ore production from the adjoining McCreedy West mine, effective immediately. Nickel-ore mining will be halted...