Coal

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…


Cartoon by JK.

Editorial: HD on its feet after a tumble

Another chapter closed in the HD Mining International saga, with HD celebrating a win in the federal courts against two B.C. unions who had tried to thwart the junior developer’s efforts to import Chinese workers to take a bulk…


The coal loading facility at Teck's Elkview operation in southeastern British Columbia. Source: Teck Resources

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.


Exploration equipment at Coalspur's Vista coal project in Alberta. Source: Coalspur Mines

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…



Construction workers at Sherritt's  Ambatovy project. Source: Sherritt International

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…


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