TSX posts modest dip, Feb. 15-19
The S&P/TSX Composite Index fell 75.93 points (0.41%) to finish the Feb. 15-19 trading week at 18,384.27. The Global Base Metals Index rose 10.2% to 169.75 and the Global Mining…
Coal
BHP’s outlook and record dividend fuel supercycle talk
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) reinforced talks of a new supercycle today by rewarding investors with a record US$5.1 billion first-half dividend and forecasting a “very constructive” outlook…
Alberta reinstates 1976 coal policy after public outcry
Bowing to public pressure, Alberta has reversed course on its decision last May to rescind the province’s 1976 policy governing coal exploration and development in the Eastern Slopes region of…
Former Anglo American boss Cynthia Carroll joins Glencore’s board
Miner and commodities trader Glencore (LSE: GLEN) has added a third female director to its nine-person board, appointing former Anglo American (LSE: AAL) chief executive Cynthia Carroll to its board….
The View from England: Early signs of romance for British miners
Hard on the heels of the most depressing time of the year in the U.K. (commonly regarded as the third week of January) we have had uplifting celebrations in Scotland…
Glencore chooses coal head Gary Nagle as new CEO
Mining and commodities trader Glencore (LSE: GLEN) said today that Gary Nagle, the head of its coal division, would replace Ivan Glasenberg as the company’s top boss early next year. Glasenberg, who has…
US markets up, Nov. 23-Nov. 27
The Dow Jones Industrial Average rose 2.21% to finish the week at 29,910.37 and the S&P 500 climbed 2.27% to 3,638.35. Spot gold dropped US$67.30 per oz., or 3.62%, to…
US coal miners call on Trump to move on
Leader of the nation’s top coal mining union, representing about 80,000 workers, says is time for Trump to concede.
Teck profit drops 67% on weak coal prices
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK), Canada’s largest diversified miner, saw its third-quarter adjusted profit fall by 66.6% as steelmaking coal prices collapsed in the period and Covid-19-related restrictions continued…
Editorial: Souring Aussie-China relations puts coal in the crosshairs
Relations between Australia and China have been strained since Prime Minister Scott Morrison called for an independent global investigation into the origins (and initial handling) of the coronavirus pandemic. The…
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter…
Australia’s Queensland state approves giant coal mine project
Authorities in Queensland have granted Pembroke Resources a mining lease for its A$1 billion (US$710 million) Olive Downs mine, which is poised to become the state’s third-largest coal operation. The…