Pacific Empire to acquire Jean Marie project in BC

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

Asset bubbles go as far back as finance and speculation themselves. In the past, there have been bubbles in everything from tulips to railroads that have made or broke fortunes.

After a brutal two-month sell-off, the nickel price is recovering as Chinese port stocks are depleted and global stainless steel output picks up.

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

The move is seen by analysts as an attempt to strengthen the firm’s image.

Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.