Barrick Buys Out Teck At Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (TCK. B-T, TCK-N) is unloading its half stake in the Hemlo gold assets in northwestern Ontario on its joint-venture partner, Bar…
Teck Resources Limited
Abacus Tallies Growing Copper-Gold Resource At Ajax
VANCOUVER– It was an old box of forgotten data in the back of a mill building that changed everything for Abacus Mining & Exploration (AME-V, ABCFF-O). Now, three and a half years after finding t…
Teck posts $607M net-loss in Q4
Vancouver – Don Lindsay, the president and CEO of Teck (TCK.B-T, TCK-N), addressed the company’s heavy debt-load …
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.
Editorial: Mining Sector Layoffs Pick Up Steam
Quite a few miners across Canada and beyond rang in the new year with layoff notices, as the autumn commodities bust worked its way into the employment scene.
NovaGold Raises US$75M In ‘Gut-Wrenching’ Time
A private New York Citybased company has agreed to take on a 28% interest in cash-strapped NovaGold Resources (NG-T, NG-X) through a US$60-million portion of a US$75-million financing.
Teck cuts jobs and coal production
Vancouver – Another day, another announcement of job and production cuts: Teck Cominco (TCK.B-T, TCK-N) is let…
NovaGold raises $60 million in ‘gut-wrenching’ time
A private New York company has agreed to take on a 30% interest in cash-strapped NovaGold Resources (NG-T, NG…
Fronteer plans to acquire Aurora Energy Resources
Fronteer Development Group (FRG-T, FRG-x) is the single largest shareholder, with 42%, of Aurora Energy Resources (…
Teck to close Pend Oreille zinc mine
Vancouver – As part of its efforts to wrestle down nearly US$10 billion of debt, Teck (TCK. B-T, TCK-N) will …
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 …
Editorial: HudBay’s baffling Lundin bid
While metal prices seem to have bottomed out in November, the week ended Nov. 22, the 47th trading week of 2008, saw several miners’ share prices get their feet knocked out from under them.