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Mar 25, 2012

Canada’s NDP elects new leader, urges unity

TORONTO (Reuters) – Canada’s main opposition party chose heavily favored candidate Thomas Mulcair to replace the late Jack Layton, who died of cancer just three months after leading the leftist party to its strongest ever performance in a federal election.

Mulcair, a former Quebec cabinet minister who is a relative newcomer to the New Democratic Party (NDP), took over the reins after four rounds of voting at the leadership convention, held in downtown Toronto on Friday and Saturday. The Montreal lawmaker, who advocated the party reach beyond its traditional base to appeal to centrist voters, led all four votes of the day, eventually trouncing runner-up Brian Topp, who campaigned to keep the party squarely left-of-center. “Today we have the greatest human capacity, and the greatest potential to put that capacity to work than at any time in our history,” said Mulcair to the crowd of cheering delegates.

Mar 25, 2012
Mar 24, 2012
Mar 19, 2012

TSX ends lower as gold miners weigh

TORONTO, March 19 (Reuters) – Toronto’s main stock index
closed lower on Monday after a day of choppy trade as gains in
energy issues were undercut by losses among gold miners and
fertilizer producer Potash Corp.

The gold price rose on Monday after falling sharply last
week, but equity investors were wary as technical factors
suggested the precious metal could tumble further.

Mar 13, 2012
Mar 13, 2012
Mar 13, 2012
Mar 13, 2012

“Recycled” diamonds come back to haunt industry

TORONTO, March 13 (Reuters) – Sabrina Thompson, a
30-something restaurant manager from Toronto, says she turned to
Craigslist to sell her diamond engagement ring after her
relationship ended.

An embittered Thompson, who wants C$1,800 ($1,800) for the
half-carat ring, says the cash will help her move on with her
life.

Mar 11, 2012

Molycorp, Neo Material deal a rare earth game changer

TORONTO, March 11 (Reuters) – Molycorp’s $1.3
billion deal to buy rare earth processor Neo Material
Technologies will turn industry leader Molycorp into a
one-stop rare earth shop, and could make it attractive for a
takeover of its own.

The deal gives Molycorp, which has a mine-to-magnet
strategy, the ability to produce both the large magnets that
power the main motor in a hybrid car and also the smaller
magnets that move that car’s side mirrors and seat.

Mar 7, 2012

Fortuna Silver eyes deals to meet growth target

TORONTO, March 7 (Reuters) – Fortuna Silver Mines is
on the prowl for takeover targets as the silver producer looks
to nearly quadruple its production over the next five years.

The Vancouver-based miner, which has spent the last few
years focusing on starting up its San Jose mine in Mexico, is
now turning its attention to growth, chief executive Jorge
Ganoza told Reuters on the sidelines of PDAC conference.

    • 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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