Editorial: Korean trade deal helps Canadian coal, aluminum
The Canadian government presented another gift to Canada’s mining industry with the signing of a new free-trade agreement with mineral-hungry South Korea.
Coal
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…
Low commodity prices bite into Teck’s bottom line
Teck Resources (TSX: TCK.B; NYSE: TCK) saw its adjusted fourth-quarter and full-year profit both fall 44.5%, as lower commodity prices overshadowed strong production.
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…
Sherritt sells all its coal mines to Westmoreland, Altius
Sherritt International (TSX: S) is firming up its balance sheet and putting itself in a position to take advantage of perceived low prices for non-coal mining assets.
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.
Alberta orders Sherritt to clean up Obed spill
The Alberta government has slapped an environmental-protection order on Coal Valley Resources and Sherritt International (TSX: S) after last month’s waste-water spill in the Athabasca River.
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).
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…