Coal

A map showing assets that have been spun of out BHP Billiton into the new company South32.  Credit: South32

Analysts weigh in on BHP spinoff South32

In April BMO Capital Markets initiated coverage of BHP Billiton (LSE: BLT) spin-off South32, (LSE: S32; US-OTCBB: SOUHY)commenting that the shares of the newly created mining company “represent a more compelling investment than BHP…


Norman B. Keevil. Photo By Anthony Vaccaro

Norman B. Keevil: A lifetime of achievement at Teck

In 1979 The Northern Miner named Norman B. Keevil its Mining Man of the Year, citing the impressive string of mine constructions he presided over in the 1970s. Since winning that award Dr. Keevil went on to ensure Teck was part of some of the…


Elders, warriors and escorts representing the Tahltan Nation occupy a drill site in September 2013 at Fortune Minerals' Arctos coal project in northwest British Columbia. Photo by Tamo Campos.

Editorial: BC gov’t solves Arctos conundrum

One of the more contentious showdowns in B.C. in recent years between a First Nation and a mine developer has been neatly diffused by the B.C. government, which has swept in with $18.3 million to buy Fortune Minerals’ Arctos high-quality…



Wall Street marches higher, April 6-10

U.S. stocks rose for a second straight week. The Dow Jones Industrial Average advanced 294.41 points to 18,057.65 and the S&P 500 Index gained 35.1 points to finish at 2,102.06. Both indexes were up 1.7%. The Nasdaq Composite rose 2.2% to…


SouthGobi Resources' Ovoot Tolgoi coal mine in Mongolia. Credit: SouthGobi Resources.

SouthGobi Resources loses appeal in Mongolian tax case

In late February Mongolian President Elbegdorj Tsakhia may have pardoned three former employees of SouthGobi Resources (TSX: SGQ) who were convicted in a tax evasion case on Jan. 30, and handed jail sentences of between five and six years, but…



"The Aussie dollar has weakened so much that Australian coal that previously was at the borderline of being profitable, is now profitable," Sultoon says. Image: BHP Billiton

Coal sector woes expected to accelerate, experts say

With coal prices sitting at multi-year lows, almost 17% of coal production this year in the U.S. could be at risk of idling or closure, as total cash costs plus sustaining capital expenditures exceed current market prices, Wood Mackenzie says…




Equipment at SouthGobi Resources' Ovoot Tolgoi coal mine in Mongolia. Credit: SouthGobi Resources

Chinese firm Novel to buy stake in SouthGobi

A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and…


Equipment at Coalspur Mines' Vista coal project in 2012, near Hinton, Alberta. Credit: Coalspur Mines

Buyer emerges for Coalspur Mines

When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.


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