Thompson Creek News
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Canadian stocks fell, snapping a five- day rally for the benchmark index, after financial shares declined as investors weighed earnings reports and a Federal Reserve official’s comments about U.S. stimulus efforts.
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Thompson Creek Metals Co., a producer of molybdenum from mines in Canada and the U.S., fell the most in more than three years after saying it will sell debt and shares to finance completion of a project in British Columbia.
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Thompson Creek Metals Co. , the operator of two molybdenum mines in North America, rose the most in 17 months after a report that China is preparing to classify the metal as a so-called national mining resource.
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Thompson Creek Metals Co. , the operator of two molybdenum mines in North America, rose the most in 17 months after a report that China is preparing to classify the metal as a so-called national mining resource.
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Thompson Creek Metals Co. , the operator of two molybdenum mines in North America, agreed to acquire Terrane Metals Corp. for about C$650 million ($623.5 million) to diversify into copper and gold.
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The Standard & Poor’s/TSX Composite Index headed for its best gain since August as U.S. industrial production beat forecasts and two German lawmakers said the country is open to Spain seeking a precautionary credit line.
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Canadian stocks rose, completing a fourth-straight monthly gain, as the U.S. and Canada reported faster growth in gross domestic product and precious-metal stocks advanced.
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Employers in the U.S. added fewer jobs than forecast in December, confirming Federal Reserve Chairman Ben S. Bernanke ’s view that it will take years for the labor market to heal.
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Harvard University’s graduates are earning less than those from the South Dakota School of Mines & Technology after a decade-long commodity bull market created shortages of workers as well as minerals.
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Sojitz Corp. and Thompson Creek Metals Co. will invest C$500 million ($492 million) to increase production at the Endako molybdenum mine in Canada’s British Columbia.
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