Joe Aldina, principal research analyst for metal and energy consultant Wood Mackenzie, says that supply for metallurgical coal should level with demand by 2023, and although he expects met coal prices will rise, global producers “are not…
VANCOUVER — Attending the Coal Association of Canada’s annual gathering here in downtown Vancouver, it’s clear it’s a pretty terrible time to be in the coal business, and that goes for both the metallurgical (met or…
For Anglo Pacific Group (TSX: APY; LSE: APF), royalty income in the first half surpassed all of the royalty income earned last year. And while the company posted an after-tax loss for the six months ended June 30, it was a much smaller one than…
U.S. equities tumbled as investors took in new data signaling a slowdown in China and a report that showed an unexpected rise in U.S. crude stockpiles, fuelling concerns of a global oil surplus. The S&P 500 Index and the Dow Jones…
A year ago, South Africa’s Exxaro Resources (JSE: EXX; US-OTC: EXXAY) agreed to pay US$472 million to acquire 100% of Total’s (NYSE: TOT) South African thermal coal unit Total Coal South Africa Pty., which includes a majority…
Vietnam is poised to transform its electrical power generation mix over the next two decades, as it modernizes the country’s agrarian economy to become a more industrialized nation. To accommodate greater industrial expansion and support…
The following is an edited excerpt from KPMG’s Mining M&A Quarterly Newsletter. For more information and to see the full report visit www.kpmg.com
U.S. President Barack Obama has unveiled his administration’s sweeping plan to curb carbon emissions from U.S. power plants, and the news has domestic coal miners and coal-consuming states squirming.
Teck Resources (TSX: TCK.B and NYSE: TCK) has posted decent second quarter results. But analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.
U.S. equities fell ahead of the Independence Day weekend as Greece’s debt crisis continued. The Dow Jones Industrial Average and the S&P 500 Index both lost 1.2% to end at 17,730.11 and 2,076.78. The spot gold price slipped 0.6% to…
Prospect-generator Lara Exploration (TSXV: LRA; US-OTC: LRAXF) has a portfolio of mineral properties across South America with some heavyweight partners, but its Curionopolis copper project in Brazil’s Para state seems to be the one…
VANCOUVER — Copper-gold producer Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) has been on a strong run over the past eight weeks after promising press releases for its large-scale Oyu Tolgoi mine, 550 km south of Ulaanbaatar, Mongolia.
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