Canada Lithium to raise another C$30m, shares slide

Shares in Canada Lithium lost over 10% of their value on Tuesday, after the company said it would sell C$30-million in stock to complete the mine it is building near Val d'Or in Québec. The TSX-listed company filed a preliminary short-form...

'We love price', says Potash Corp COO

Demand for potash will likely grow by more than 36%, or 15-million tons yearly, over the next decade, Potash Corp COO David Delaney said on Wednesday. And while cautious buying since November last year caused producers including the world’s...

Scotiabank's Mohr: near-term copper prices to remain flat

Copper prices will likely hover around current levels until the second quarter, Scotiabank said on Tuesday, in the latest instalment of its monthly Commodity Price Index. The red metal, used in plumbing and electric wiring, pushed as high as...

Riding out commodity uncertainty, producers limit output, close plants

While mining firms enjoyed massive profits last year as commodity and metals prices remained elevated in the first half of 2011, the US debt downgrade in August and the eurozone’s wobbles have brought about fresh fears.

Lydian to raise C$40m to fund Amulsar BFS

Toronto-based Lydian International, which owns the Amulsar gold project in Armenia, has appointed a syndicate of underwriters to raise C$40-million to complete a bankable feasibility study at the asset, as well as to fund exploration at its...

Canada Lithium gets C$75m loan

Canada Lithium Corp’s stock rose by over 8% on Monday morning, after the company, which is building a mine in Quebec, said it secured a C$75-million loan to advance the project. Scotiabank and Caterpillar Financial Services are providing the...

Grande Cache says $1bn friendly offer is 'compelling'

Alberta-based Grande Cache Coal on Monday said it agreed to a $1-billion, or $10 a share, takeover bid from Hong Kong-listed Winsway Coking Coal and Japanese trading house Marubeni Corporation. Grand Cache said its board unanimously approved the...

Copper to average $4/lb in 2012 - Scotiabank's Mohr

Copper has been on a rollercoaster ride over the past year, with the price of the metal hitting a record $4.60/lb before diving to $3.08/lb, but Scotiabank economist and commodity markets specialist Patricia Mohr said the metal would likely...

Copper miners still enjoying 54% margin, says Scotiabank's Mohr

The Scotiabank commodity price index, measuring Canadian exports, gave up 3.3% in August compared with July as fears over European debt defaults heightened, the firm said on Friday. “China's economy — of vital importance to global commodity...

No 2008 repeat, analysts say of falling commodities

Financial journalists around the world have been dusting off all the old clichés they wore out as the 2008 collapse unfolded, with headlines of “bloodbaths” and “meltdowns” accompanying tired depictions of desperate traders holding their...

Potash prices could beat $650/t by end 2012

As the supply-demand equation for potash continues to tighten, prices will continue to climb, analysts said on Tuesday, with one predicting they may even top $650/t by the end of next year. “The average spot price of potash should climb to at...

IC Potash courts partners for New Mexico project

TSX-listed IC Potash is in talks with “quite a few” companies to partner on its Ochoa project in New Mexico, and hopes to have an agreement penned within the next 12 months, CEO Sidney Himmel told Mining Weekly Online. The company aim to...