Coal


Rio Tinto Gets US$761M For Jacobs Ranch Coal Mine

Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp. of China (ACH-N) (Chinalco) hasn’t slowed the pace of the debt-laden major’s asset sales.


Border Coal Beds Start To Develop For Goldsource

VANCOUVER — A steady stream of coal intercepts is helping Goldsource Mines’ (GXS-V, GXSFF-O) share price regain some ground, though it remains far below the dizzying heights it reached last summer.





Record Year For US Mine Penalties

VANCOUVER — Fines for safety violations at American mines soared to an all-time high in 2008. Over the past three years, since former president George W. Bush signed a new mining code into law, the v…


Western Canadian Cuts Coal Production

VANCOUVER — Another miner is cutting back on production in the face of falling prices, this time a coal producer. Western Canadian Coal (WTN-T, WXJXF-O) is almost halving output at its Brule mine and…



Dip In Dollar Good For Fortune

The drop in the Canadian dollar is good news for Fortune Minerals’ (FT-T, FTMDF-O) Lost Fox deposit at its Mount Klappan anthracite coal project, located 330 km northeast of Prince Rupert, B. C.


Teck Slashes Jobs, Coal Production

VANCOUVER– Another day, another announcement of job and production cuts: Teck (TCK. B-T, TCK-N) is letting go of 1,400 workers and reducing its 2009 coal production target to 20 million tonnes.



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