Coal

Cliffs reports disappointing Q2 ahead of proxy vote

Whether or not a dissident shareholder succeeds in replacing Cliffs’ (NYSE: CLF) CEO at its annual general meeting next week, big changes are likely in store for the iron ore and metallurgical coal miner.


Raw coal is loaded into the plant (background) while clean coal exits the facility on a conveyor at Corsa Coal's Wilson Creek preparation plant in Somerset, Pennsylvania. Credit: Corsa Coal

Corsa Coal to acquire PBS Coals

Severstal Resources, one of Russia’s largest producers of iron ore and coking coal and a division of Severstal (LSE: SVST), plunked down US$877 million in 2008 to buy PBS Coals, a privately held company in southwestern Pennsylvania with…


TSX takes a break, June 30-July 4

Trading on the Toronto Stock Exchange was on the downbeat during the Canada Day shortened week, with the S&P/TSX Composite Index losing nearly 69 points to finish at 15,214.96.  The spot price for gold retreated US$7.91 per oz. to…


Processing facilities at Cliffs Natural Resources' Pinnacle coal mine in Pineville, West Virginia. Credit: Cliffs Natural Resources

Cliffs may idle Pinnacle coal mine

Cliffs Natural Resources (NYSE: CLF) is warning that it may temporarily idle its Pinnacle coal mine in Pineville, W.Va., if market conditions do not improve.




Editorial: Turkey in mourning

Outside of the all-too regular horrors of China’s underground mines, the coal mine explosion on May 13 at Soma, 250 km south of Istanbul in western Turkey, is the worst mine disaster in recent memory.



Commentary: Coal down but not out

The following is an edited excerpt of a speech about the global outlook for coal by Dean Dalla Valle, president of BHP Billiton Coal, at the CEDA Energy and Resources series in Brisbane, Australia, where BHP has consolidated its metallurgical…



Coalspur Mines' Vista coal project near Hinton, Alberta. Credit: Coalspur Mines

Regulator approves Coalspur’s Vista

VANCOUVER — It looks like financing will be the last hurdle for Coalspur Mines (TSX: CPT, US-OTC: CSPZF) at its Vista thermal coal project, 10 km east of the town of Hinton, Alta. On Feb. 27 the Alberta Energy Regulator (AER) approved…



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