Dip in dollar good for Fortune
The drop in the Canadian dollar against the US dollar is good news for Fortune Minerals’ (FT-T) Lost Fox deposit at…
Coal
Western Canadian cuts coal production
Vancouver – Another miner is cutting back production levels in the face of falling prices, this time a coal produ…
SouthGobi sells metal properties to Ivanhoe
Vancouver – For $3 million Ivanhoe Mines (IVN-T, IVN-N) is buying all the metal assets of its 79% owned spin-off So…
Demand for thermal coal to slide in 2009
The New Year will bring the lowest growth in demand for thermal coal imports (0.5%) on the international market in …
Metallurgical coal outlook for 2009
Demand for metallurgical coal next year will be 7% lower than in 2008, as global steel production continues to drop…
Western Canadian Coal and Cambrian discuss merger
Western Canadian Coal (WTN-T, WTN-L) and Cambrian Mining (CBM-L) have reached an agreement in principal that would …
KAL Energy boosts its coal resource in Indonesia
Thermal coal explorer and developer KAL Energy (KALG-O) has expanded its resource at one of two concessions it hold…
Teck Takes Hard Line On Fording Debt
Vancouver–The harsh reality of Teck’s (TCK. B-T, TCK-n) debt burden has just become abundantly clear: the major has cancelled its annual dividend, slashed spending dramatically, and walked away from …
Teck Wrestles With US$10B Debt
Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…
Teck’s dilemma: How to pay off a $10-billion debt while metal prices fall all around
Vancouver – For the last few years Teck Cominco (TCK.B-T, TCK-N) has been a reliable, dividend-paying investment op…
Coal at Division Mountain looks economic for Cash Minerals
An updated study demonstrates that its Division Mountain coal property in the Yukon is economically viable for Cash…
Cliffs curtails production at two mines
Declining demand for steel has prompted major iron ore producer Cliffs Natural Resources (CLF-n) to stop production at two mines in Minnesota.