Coal

Cliffs Northshore mine near Babbitt, Minnesota. Credit: Cliffs Natural Resources

Cliffs puts the brakes on spending, swings to Q4 profit

On his second day on the job at Cliffs Natural Resources (NYSE: CLF) three months ago, newly appointed president and chief operating officer Gary Halverson shelved the company’s $3.3-billion plan to build a chromite mine in the Ring of…


Casablanca urges Cliffs to spin off international assets

Shares in Cleveland-based Cliffs Natural Resources (NYSE: CLF) have been trading heavily since activist hedge-fund Casablanca Capital urged the company to spin off its international assets and implement other changes to boost…


Coal is still king in China

VANCOUVER — Shaanxi Coal Industry is preparing for its initial public offering (IPO) and expects to raise $1.6 billion by selling shares representing just 10% of the company. It’s a good reminder that coal is still big business in…



Macquarie reviews 2013 metal prices

Analysts at Macquarie Commodities Research in London and Beijing have totted-up the final numbers for 2013 and conclude in a research note published Jan. 2 that of all the precious and base metals, palladium posted the largest year-on-year…


Morien has big plans for Donkin

Morien Resources (TSXV: MOX; US-OTC: APMCF) is three steps closer to putting the massive Donkin coal deposit into production next year. 



Positive PEA for Colonial Coal’s Huguenot

VANCOUVER — The Huguenot project in northeastern B.C. could become a metallurgical coal operation, according to a preliminary economic assessment (PEA) from project owner Colonial Coal International (TSXV: CAD).


Elders, warriors and escorts representing the Tahltan Nation occupy a drill site in September at Fortune Minerals' Arctos coal project in northwest British Columbia. Photo by Tamo Campos.

Fortune’s ability to develop Arctos remains in question

VANCOUVER — Finding a solution to an outstanding dispute with the Tahltan First Nation in northwestern B.C. isn’t a new task for Ontario-based Fortune Minerals (TSE: FT), but it is proving to be a serious barrier as the…


U.S. markets, Sept. 23-27

The major U.S. indexes slipped, with the Dow Jones Industrial Average retreating 192.85 points to 15,258.24, putting an end to three weeks of gains. The S&P 500 Index fell 18.16 points to 1,691.75; the Philadelphia Gold and Silver Index…


The construction camp at Sherritt's Ambatovy joint venture project in Madagascar (2009). Source: Sherritt

Sherritt lands in the red in Q2

Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.


Analysts flag Cardero’s low cash flow

Cardero Resource’s (TSX: CDU; NYSE-Arca: CDY) largest shareholder, Luxor Capital Group, is offering to restructure its existing loan and even take over the company to dissuade Cardero from completing a debt financing with new lenders…


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