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.
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).
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…
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…
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…
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.
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…