With coal prices sitting at multi-year lows, almost 17% of coal production this year in the U.S. could be at risk of idling or closure, as total cash costs plus sustaining capital expenditures exceed current market prices, Wood Mackenzie says…
U.S. stocks posted losses for the third straight week, with the Dow Jones Industrial Average finishing 0.6% lower at 17,749.31 and the S&P 500 Index closing at 2,053.40, a 0.9% drop. Disappointing economic data from China, a stronger U.S….
With metal markets being the number-one indicator for the health of the global mineral exploration industry, a great way to kick off the technical program of the Prospectors & Developers Association of Canada convention in Toronto is to…
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and…
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.
Anglo Pacific Group (TSX: APY; LSE: APF) is forking over US$60 million in cash and US$5 million in shares for a royalty on Whitehaven Coal’s (US-OTC: WHITF; ASX: WHC) Narrabri thermal coal mine in Australia at a time when the price of…
Three former employees of SouthGobi Resources (TSX: SGQ) including a U.S. citizen are slated to spend the next five years behind bars after a Mongolian court found them guilty of tax evasion.
The Dow Jones Industrial Average and the S&P 500 Index climbed 1.4% and 0.9%, but the major indexes edged lower in the last trading week of the year, falling 1.2% and 1.5% in the following trading session. The Dow finished the week at…
The latest energy-market numbers from the Chinese government show an acceleration of a remarkable phenomenon that emerged from 2012 to 2014. The bottom line today is that the traditional nexus between real gross domestic product (GDP) growth,…
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.
Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.
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