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How this northeastern Quebec city is getting burned by the collapse in iron ore prices

SEPT-ÎLES, QUE. — At the corrugated-iron-walled congress centre in this northeastern Quebec city on a snowy late-November day, organizers of a chamber of commerce luncheon are turning away late arrivals. 2,036 more words


What went wrong at Rubicon Minerals, one of the biggest junior mining meltdowns in years

Even before its meltdown, investors watching Rubicon Minerals Corp. could see some troubling warning signs.

Everything seemed fine on the surface. The company said in April that it was on track for first gold production at its Phoenix project in Northern Ontario in mid-2015. 1,214 more words


A diamond is forever. Demand, not so much: The strange economics behind a rock's worth

A young couple passes an elderly one on a walking path, as an acoustic guitar plays the melody to “Stand By Me.”

The younger woman turns around and smiles. 1,015 more words


Why 2015 will go down as a year to forget for North American coal miners

Plenty of coal industry insiders have spoken out about the collapse of the business in the United States. But nobody does it with quite the same fervor as Robert Murray. 1,280 more words