Is coal the new gold? (February 08, 2008)
UBS and Citigroup have raised their price forecasts for thermal and coking coal for the coming two years and it’s n…
Coal
South African power crisis shuts down mines (February 04, 2008)
Vancouver — A nationwide energy crunch in South Africa has hit the country’s powerful mining sector hard, with major gold, platinum and diamond producers suspending operations as a precautionary meas…
BC exploration breaks record in 2007
Vancouver — Exploration spending in British Columbia hit an alltime high of $416 million in 2007, more than doubling last year’s record-breaking level and showing a 1,300% increase over the $29 milli…
Coalcorp gets takeover proposal
Vancouver – An unnamed party is courting Coalcorp Mining (CCJ-T) — looking to acquire the new coal producer with o…
Northern Energy & Mining reports strong finances
NEMI Northern Energy & Mining (NNE.A-T, NNEMF-O) is in a relatively strong financial position with working capital of $9.7 million and no long-term debt, according to recent financial statements, …
Northern Energy & Mining will reduce stake in Peace River Coal
NEMI Northern Energy & Mining (NNEa-T) is in a relatively strong financial position with working capital of C$9.7 m…
Western Cdn Coal lines up $40M
Vancouver — In urgent need of dollars, Western Canadian Coal (WTN-T, WTN-L) has completed a $40-million financing to avert a cash crunch following its recent quarterly loss of almost $44 million.
Western Canadian Coal embarks on strategic review
After enduring a net loss of $43.9 million in the second quarter of 2008, Western Canadian Coal (WTN-T, WTN-L) is l…
SouthGobi: It’s the coal, stupid
Ulaanbaatar, Mongolia — Ivanhoe Mines’ (IVN-T, IVN-N) massive Oyu Tolgoi copper-gold project in Mongolia may be hogging the headlines, but it’s the Ovoot Tolgoi coal field that really should be getti…
Anglo American CEO sees ‘solid’ metals outlook in ’08
Beijing, China–In her keynote speech at the recent China Mining Conference here, Anglo American (AAUK-Q, AAL-L) chief executive Cynthia Carroll highlighted key trends — and concerns — in the mining…
Gold isn’t all that glitters
While investors buzz about the possibility of gold breaking the US$1,000 per oz. plateau in the coming year, Patricia Mohr, vice-president of industry and commodity research at Scotiabank, says the ho…
Resource security high on China’s agenda
As the world’s largest consumer of mineral raw materials, it’s no surprise that China’s mining companies are following their international peers and starting to hunt for resources overseas.