Coal projects come off back burner
Vancouver-based
Hillsborough Resources Limited
TSE to boot struggling juniors in August
Junior mining companies facing the boot from the Toronto Stock Exchange under strict new listing requirements have four months to turn their fortunes around.Starting Aug. 1, the TSE will delist any re…
Downhill for Hillsborough
Past losses have caught up to Hillsborough Resources (HLB-T) and its 63%-owned Quinsam Coal division, both of which recently filed for bankruptcy protection.Hillsborough lost $700,000 (4 cents per sha…
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Quinsam, Hillsborough go belly-up
In a final attempt to restructure its debt, Quinsam Coal has filed for creditor protection and suspended operations at its coal mine near Campbell River, B.C. As a result, 120 unionized workers have b…
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Hillsborough aims to boost productivity
A workforce reduction was not sufficient to keep Hillsborough Resources (HLB-T) in the black at its 63%-held Quinsam coal division near Campbell River, B.C.The company laid off 130 employees in July, …
Asian woes affect Hillsborough
The economic malaise in Asia is taking its toll on Hillsborough Resources (HLB-T), operator and 63%-owner of the Quinsam coal mine near Campbell River, B.C.After consulting with Japanese partner Marub…
Coal prices hit Hillsborough
The first six months of the year proved tough for Hillsborough Resources (HLB-T) in light of poor Asian economies, increased costs and lower coal prices.The company, which owns 63% of the Quinsam coal…
Southern Africa Minerals active in Botswana, Quebec Quinsam lays off workers
Southern Africa Minerals (SAF-T) has recovered microdiamonds from its wholly owned Mosomane property in Botswana.Three micros were recovered from a 43.5-kg sample taken from a trench dug about 7 metre…