Number of coal deposits found reaches critical mass says Goldsource president
Vancouver – A summer drill program at the Border coal property in Saskatchewan has helped revive the share pri…
Coal
SouthGobi Doubles Coal Sales In Mongolia
SouthGobi Energy Resources (SGQ-V, SGQRF-O) more than doubled coal sales at its Ovoot Tolgoi mine in June and has moved it to round-the-clock production, seven days a week, starting from July 1.
Sparton Resources nails $1.7 million loan for China acquisition
Toronto-based junior Sparton Resources (SRI-V) has secured a $1.7 million loan to raise its stake in a coal an…
UBS Forecasts Coal Recovery
Signs of rising power consumption in China coupled with supply constraints across the Asia Pacific region are all adding up to a tighter thermal coal market that will push up prices, UBS says.
ArcelorMittal assets under threat in Russia
The governor of Russia’s Kemerovo region warned steel giant ArcelorMittal (MT-N) that if it doesn’t increase coal p…
Mechel posts Q1 net loss of US$690.7 million
A 60% drop in coking coal production and a sagging exchange rate for the Ruble plunged Russian integrated mining an…
UBS Investment Research forecasts thermal coal recovery
Signs of rising power consumption in China coupled with supply constraints across the Asia Pacific region are all a…
Record coal sales for SouthGobi Energy Resources
SouthGobi Energy Resources (SGQ-V) more than doubled coal sales at its Ovoot Tolgoi mine last month and has moved i…
Teck rises as debt falls
It was just such a short time ago that Canada’s biggest independent miner was suffering under a scenario of too muc…
Alpha To Take Over Foundation In US$2B Coal Merger
The Big fish Alpha Natural Resources (ANR-N) is using the attractive valuations created by the recession to get even bigger with a friendly all-stock takeover bid for Foundation Coal Holdings (FCL-N).
Western Canadian Coal Won’t Halt Wolverine And Brule
Western Canadian Coal (WTN-T, WTN-L) has negotiated “sufficient” sales contracts and prices for the fiscal year ended on March 31, 2010, to allow it to continue mining high-quality metallurgical coal …
Red Hill Prefeasibility Sees US$337M Mine At Ulaan Ovoo
VANCOUVER — A prefeasibility study has returned positive economics for Red Hill Energy’s (RH-V, RHFFF-O) Ulaan Ovoo project at moderate thermal coal prices.