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Feb 26, 2014

Exclusive: Mining industry rushing to raise investment, Reuters survey shows

TORONTO (Reuters) – A trickle of new investment into global miners has created a tidal wave of interest among hundreds of small mineral explorers desperate for cash, a Reuters survey shows, setting the stage for a competition to raise funds that some are sure to lose.

The mining sector has been in a prolonged downturn. Only months ago, it was nearly impossible for small explorers to find investors, reducing some companies to raising as little as C$50,000 ($45,100) at a time.

Feb 26, 2014

Mining industry rushing to raise investment, Reuters survey shows

TORONTO, Feb 26 (Reuters) – A trickle of new investment into
global miners has created a tidal wave of interest among
hundreds of small mineral explorers desperate for cash, a
Reuters survey shows, setting the stage for a competition to
raise funds that some are sure to lose.

The mining sector has been in a prolonged downturn. Only
months ago, it was nearly impossible for small explorers to find
investors, reducing some companies to raising as little as
C$50,000 ($45,100) at a time.

Feb 25, 2014

BlackBerry goes back to basics in quest to recover customers

BARCELONA/TORONTO (Reuters) – BlackBerry Ltd unveiled a new, cheaper touchscreen smartphone and a “classic” model with a keyboard on Tuesday, as it tries to stem losses and win back once-devoted security-conscious business and government users.

The news, coupled with more details about the company’s strategy in its services business, helped send shares in BlackBerry surging more than 9 percent.

Feb 25, 2014

Exclusive: Small miners size up mergers, deals may be elusive – Reuters survey

TORONTO (Reuters) – Many of the small Canadian-listed mineral explorers that supply global major miners with new projects are considering merging with peers, according to a Reuters survey, but for most it may be tough to close deals.

Just over half the Toronto Stock Exchange and TSX Venture-listed miners and explorers that participated in the Reuters survey said they are at least somewhat likely to announce a “merger of equals” over the coming 12 months, but only a handful said such a deal is “very likely.”

Feb 25, 2014

Small miners size up mergers, deals may be elusive -Reuters survey

TORONTO, Feb 25 (Reuters) – Many of the small
Canadian-listed mineral explorers that supply global major
miners with new projects are considering merging with peers,
according to a Reuters survey, but for most it may be tough to
close deals.

Just over half the Toronto Stock Exchange and TSX
Venture-listed miners and explorers that participated in the
Reuters survey said they are at least somewhat likely to
announce a “merger of equals” over the coming 12 months, but
only a handful said such a deal is “very likely.”

Feb 25, 2014

BlackBerry to offer revamped mobile device management tool

TORONTO (Reuters) – BlackBerry Ltd plans to launch a new tool for business and government customers to manage mobile devices on their networks, part of a drive by the one-time smartphone pioneer to focus on its profitable enterprise or services business.

The company said on Tuesday it would launch BlackBerry Enterprise Service 12, or BES12, to unify its existing platforms and provide clients with increased flexibility and security.

Feb 24, 2014

Exclusive: Small miners set to dust off drill rigs in 2014 – Reuters survey

TORONTO (Reuters) – A large majority of the small Canadian-listed mining companies that help drive global mineral exploration expect to drill this year after a grim period of hibernation for many cash-strapped explorers, according to a Reuters survey.

The results of the survey of more than 60 mining executives are one of the first clear indications of a turning point in sentiment among so-called junior miners. Although money has begun to trickle back, the cost of drilling is down and the price of gold is up from last year’s painful lows, hopes for the sector have been muted at best.

Feb 20, 2014

BlackBerry shares set to jump on Facebook’s WhatsApp bid

TORONTO (Reuters) – Facebook Inc’s $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd higher before the opening bell on Thursday as investors placed bets that the smartphone maker’s own messaging platform has been undervalued.

BlackBerry shares were up as much as 9 percent in trading after the bell on Wednesday as the deal boosts valuation metrics around the company’s own BlackBerry Messaging service.

Feb 20, 2014

BlackBerry shares surge after Facebook bid for WhatsApp

TORONTO (Reuters) – Facebook Inc’s stunning $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd surging after the closing bell on Wednesday, as investors were cheered by the lofty valuation for the messaging platform.

The deal sent shares in BlackBerry up as much as 9 percent in trading after the bell because it put a rough valuation metric around the smartphone maker’s own BlackBerry Messaging service.

Feb 18, 2014

Canada to reveal wireless spectrum auction results on Wednesday

TORONTO, Feb 18 (Reuters) – The Canadian government
confirmed on Tuesday that it has completed an auction of prized
wireless spectrum and will reveal those results on Wednesday.

The 700 megahertz spectrum, which is valued for its ability
to carry a signal over long distances and to penetrate
buildings, will be used by Canada’s big wireless companies and
some smaller ones to build more powerful mobile networks.

    • About Euan

      "Euan Rocha covers mining and minerals in Canada, where he focuses on gold, base metals and fertilizer companies. Euan, who is currently based in Toronto, has previously worked with Reuters in the United States and India. While based in New York for four years, Euan headed the Reuters Alerts team, before moving on to cover the U.S. chemical industry. Euan began his career with Reuters in Bangalore, India in 2004."
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