TORONTO ? Veteran analysts in the world’s largest mining convention said Tuesday the commodity bear market may be near its end. The comments were made throughout a panel at the 2016 PDAC conference. Several analysts noted that there are bullish signs accumulating on the market, together with a dearth of new projects, signs of tighter supply and the very cheap ...
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PDAC 2016: Ecuador turning a corner as Lundin plots big gold mine
Mining entrepreneur Lukas Lundin includes a well-earned track record of succeeding in places where others won’t tread. Even, it appears, Ecuador. When his company Lundin Gold Inc. bought the Ecuador-based Fruta del Norte (FDN) project in 2014, it raised lots of eyebrows. Ecuador, in the end, was one of the most inhospitable places in the world for mining investment in ...
Read More »PDAC 2016: Bankers see Toronto as destination for potential spin-off mining IPOs
No concern is causing more concern for miners right now than use of capital. So a full house was available to hear from a panel of well-known Bay Street bankers, who gave their thoughts about the state of mining financing and also the broader health of the profession. The speakers included Egizio Bianchini (BMO Capital Markets), Peter Collibee (Scotia Capital), ...
Read More »Hatching plans right to the end: A look inside the final days of Chesapeake Energy co-founder Aubrey McClendon
Aubrey McClendon awoke that Tuesday, as he had 10,000 times before, prepared to work an offer. Aubrey McClendon dies at 56: Former Chesapeake CEO would be a mythical character who pioneered the shale revolution Aubrey McClendon was the face of the nation’s gas boom, a swashbuckling innovator who pioneered a shale revolution. Continue reading. McClendon, co-founder of Chesapeake Energy Corp., ...
Read More »Danier Leather starts closing sales at 76 stores across Canada
TORONTO – Store closing sales start Tuesday at the remaining Danier Leather stores and outlets in Canada. How the rise of puffy parkas in Canada resulted in the downfall of Danier Leather Underpinning all of Danier’s woes in recent years was the rise of the now-ubiquitous puffy parka, turned into a Canadian fashion staple by Canada Goose more than 5 ...
Read More »Pressure mounts on Lowe’s to up its offer for Rona’s preferred shareholders
The battle for that support of Rona’s preferred shareholders – who in the takeover by Lowe’s are now being offered $20 per share, a $5 discount towards the original cost – is set to get a a bit more interesting three weeks prior to parties gather in Montreal to approve the transaction. This week, and perhaps as soon as Thursday, ...
Read More »Don’t let the rally fool you: Commodity companies are headed for a massive debt cliff
If you think commodity producers are from the woods as markets rally, here’s a real possibility check: many are still grappling to contain debt. Five reasons this commodities rebound is perfect for real Martin Pelletier says five key factors makes this feel diverse from the dead-cat bounces of history and that could mean there is a bright light after what’s ...
Read More »Bank of Canada holds key interest rate as it waits on Ottawa’s fiscal boost
OTTAWA -The divergence of economic policy in North America is widening. Canada's economy not from the woods yet: What analysts say about today’s rate decision What does today’s decision mean for future rate hikes, our rising loonie and also the outlook for that economy? Economists give their takes While Canada’s central bank is holding off adjusting its key interest rate ...
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