Julie's Feed
Mar 7, 2013
Mar 7, 2013
Mar 6, 2013
Mar 6, 2013
Mar 6, 2013

HudBay eyes prospects with majors on sidelines

TORONTO, March 6 (Reuters) – Most of the world’s top miners
are shying away from takeovers this year, clearing the way for
mid-tier producers like HudBay Minerals Inc to make
competitive bids for assets coming up for sale, the company’s
CEO told Reuters at a Toronto mining convention.

After being burned by costly deals made during the boom,
most major metals companies have pledged to rein in costs – with
some even looking to divest non-core assets.

Mar 5, 2013
Mar 5, 2013
Mar 5, 2013

Cautious miners pull Major Drilling to loss

TORONTO, March 4 (Reuters) – A growing sense of caution
gripping the mining industry is having a big impact on
exploration service providers such as Major Drilling Group
International Inc, which posted a quarterly loss on
Monday and offered little hope of an early turnaround.

The mining sector’s new emphasis on austerity in the face of
stagnant metal prices has led to a sharp pullback in exploration
spending. Juniors and more established miners alike have delayed
or canceled exploration programs, clouding the outlook for Major
and its rivals for years.

Mar 4, 2013
Mar 4, 2013
    • About Julie

      "I currently cover mining and minerals out of the Toronto bureau, where I focus on uranium, silver, platinum, lithium and REEs. Prior to moving to the mining sector, I worked as an online editor and video producer for Reuters.com. I started at Reuters as a TV intern in Chile and before that, I freelanced in Eastern Europe and spent eight months living in the Galapagos Islands."
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