Cheap coal hits Teck’s bottom line
Teck Resources’ (TCK-T, TCK-N) first-quarter performance beat analyst expectations but came in lower compared to a year ago, owing to global economic uncertainty and weaker commodity prices.
Coal
Coalspur’s Vista project to start production in 2015
Coalspur Mines (CPT-T) believes its Vista coal project — located 2 km from a Canadian National Railway (CNR) line on the eastern edge of the Rocky Mountains in Alberta — has the potential to become one of the largest export thermal…
Coalspur advances Vista with key contracts
Coalspur Mines (CPT-T, CPL-A) believes its Vista coal project situated about 2 km from a Canadian National (CN) Rail line in Alberta has the potential to become one of the largest export thermal coal mines in North America.
Walter curtails Willow Creek, preps for proxy battle
VANCOUVER – Walter Energy (WLT-T, WLT-N) is curtailing operations at its Willow Creek mine in northern British Columbia until metallurgical coal prices improve, the fifth met coal mine Walter has curtailed in the last 18 months as the…
Sherritt reports loss, but boosts dividend on back of Ambatovy
Sherritt International (S-T) has shouldered such industry-wide hardships as lower commodity prices and higher costs, but the company is signalling its bullishness for the future by increasing its dividend, despite reporting a…
Sherritt reports loss but boosts dividend on back of Ambatovy
Sherritt International (S-T) had to shoulder some of the same industry wide hardships as lower commodity prices and higher costs, but the company signaled its bullishness for the future by increasing its dividend despite reporting a fourth…
Dividend cut and losses hurt Cliffs
Investors were beating up Cliffs Natural Resources (CLF-N) after it cut its dividend and reported a quarterly loss.
US stocks post first weekly loss in 2013
U.S. equities ended the Feb. 4–8 trading week down with the Dow Jones Industrial Average slipping 0.1% or 16.82 points to 13,992.97, putting an end to five weeks of gains.
Rio Tinto pays a steep price for Alcan blunder
VANCOUVER — London-based mining giant Rio Tinto (RIO-N, RIO-L, RIO-A) continues to be haunted by the ghosts of past acquisitions, with the largest culprit being its US$38-billion takeover of Montreal-based aluminum leader Alcan in 2007.
Cline keeps its head above water
Six months after Toronto-based Cline Mining (CMK-T) suspended operations at its wholly owned New Elk metallurgical coal mine outside of Trinidad, Colo., the company is still searching for answers.
Rising steel production in India to bolster coking coal prices
Talk of coal usually focuses on the thermal variety — the lower-carbon black rock burned in generators to produce electricity — to the neglect of the higher-quality variety used in steelmaking. The focus makes sense: the world…
Consol Energy sells coal assets in Canada
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada at the end of 2012 for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported in the new year.