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Mining

FNX announces Q2 results

FNX announces Q2 results

FNX Mining Company Inc.'s net earning for the second quarter were announced in a recent financial and operational report. The second quarter brought in $12.5 million on revenues of $61.9 million, compared to net earning of $11.3 million on $112.
Mineral exploration alive and kicking in Kirkland Lake

Mineral exploration alive and kicking in Kirkland Lake

With $32 million in hand, including $18 million raised in March alone, few people are as confident in the exploration potential of the Kirkland Lake area than Charles Page, president and CEO of Queenston Mining Inc.
Xstrata profits plunge 77 per cent through first half of year

Xstrata profits plunge 77 per cent through first half of year

Swiss mining giant Xstrata plc has seen profits slip 77 per cent through the first half of 2009 against the same period the previous year, due in part to the low price of nickel, lower volumes and rising inflation.
Vale Inco tightening up on suppliers

Vale Inco tightening up on suppliers

The executive director of the Sudbury Area Mining Supply and Service Association (SAMSSA) said Vale Inco is becoming much more rigid about how it purchases mining supplies from his members.
Vale reports 42 per cent drop in net income

Vale reports 42 per cent drop in net income

Vale SA, the world's leading iron ore producer and second-largest nickel producer, has seen a 42 per cent drop in its net income between the first and second quarters of 2009, attributing it in part to the rising costs and the weakning US dollar.
Weak nickel demand hangs over Vale Inco strike

Weak nickel demand hangs over Vale Inco strike

Contract issues may separate Vale Inco and striking United Steelworkers at the company's Sudbury and Port Colborne operations, but it's the market that will likely cause the strike to drag on, according to a senior economist with Scotia Capital.
Weak nickel demand hangs over Vale Inco strike

Weak nickel demand hangs over Vale Inco strike

Contract issues may separate Vale Inco and striking United Steelworkers at the company's Sudbury and Port Colborne operations, but it's the market that will likely cause the strike to drag on, according to a senior economist with Scotia Capital.
USW and Brazilian union CUT join forces to support Vale workers

USW and Brazilian union CUT join forces to support Vale workers

The United Steelworkers (USW) have formed a partnership with CUT Brazil, one of the country's largest industrial labour unions, to support workers in negotiations with Vale in both countries.
Lake Superior aggregates quarry gets green light

Lake Superior aggregates quarry gets green light

A northeastern Ontario quarry on Lake Superior has been given an approval by a provincial planning tribunal to start mining aggregate.
Strike at Vale Inco Sudbury

Strike at Vale Inco Sudbury

Arming themselves with homemade signs and Canadian flags, United Steelworkers Local 6500 Vale Inco employees in Sudbury walked off the job and onto the picket lines, 12:01 a.m. Monday.