The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

Quadra FNX Mining Ltd. announced Thursday it will wind down its Podolsky Mine operations in Sudbury by the end of 2012 and pay more attention to its flagship operations, including its Morrison deposit near Levack.

The Vancouver-based miner also said it would close its Carlota mine in Arizona. President and CEO Paul Blythe said the company has decided to focus on its more promising projects.

“We believe that the best way to achieve this is by optimizing the opportunities at our two flagship operations, Robinson (in Arizona) and Morrison (in Sudbury), which together contribute over 85% of our operating income, while continuing to deliver on our significant growth pipeline,” Blythe said in a statement. Read the rest of this entry »

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

One thing in his notes was about a speech Republic of Mining publisher Stan
Sudol made in Sudbury this week as part of the 2011 Ontario Exploration &
Geoscience Symposium. “It is estimated that, over the next 25 years, we will
need to dig out of the ground as many minerals as consumed since the
beginning of man,” Sudol said.

Ned Goodman is seen by many as a rock star in the investing world. And on Thursday, he brought his nearly 50 years of investment know-how to Laurentian University.

He was at the university to speak as part of the Xstrata Nickel Memorial Lecture Series. Goodman is the president and CEO of Dundee Corporation, CEO of Ned Goodman Investment Counsel Inc. and chairman of Dundee Capital Markets Ltd. and Du ndeeWealth Inc. He is the chancellor of Brock University and an adjunct professor at Concordia University.

Goodman is also a geologist, and used to work at Noranda. “(I worked for Noranda) at a time when the world went into a distinct recessionary period for the resource industry. So I went back to school, and I got a Master of Business Administration. I became an investment counsellor and I concentrated on the resource side, because of my geological background.

“I’m one of the few people that has matched the two pieces together. I found that I was happier knowing where the money was coming from that was being spent to find mines and oil and gas reserves.” Read the rest of this entry »