Coal

Cliffs Natural Resources'  Koolyanobbing iron ore mine in Australia. Credit:  Cliffs Natural Resources

Iron ore price collapse claims more victims

Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third…


US stocks tumble, Sept. 29-Oct. 3

U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to…


U.S. markets under pressure, Sept. 22-26

U.S. markets ended in negative territory during the trading week, with the Dow Jones Industrial Average falling 166.59 points, or 0.96% to 17,113.15, and the S&P 500 Index sliding 27.55 points, or 1.37%, to 1,982.85. The Philadelphia Gold…


A bucket-wheel excavator at BHP Billiton's Klipspruit thermal coal mine in South Africa. Credit: BHP Billiton

China moves to restrict imports of low-quality coal

A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain…


TSX soars, Aug. 25-29

Canada’s main stock index kicked off the Labour Day weekend with a 90.18-point gain to 15,625.73. The S&P/TSX Global Gold Index edged up nearly 4 points to 202.10, helped by a US$6.40 per oz. jump in the gold spot price, which closed…


Ousted Cliffs CEO to receive US$11M payment

Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.


Cliffs to buy back shares

A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own…





A haul truck at Teck Resources' Fording River coal mine in southeastern British Columbia. Credit: Teck Resources

Low coal prices cut into Teck’s profits

VANCOUVER — Teck Resources’ (TSX: TCK.B; NYSE: TCK) second quarter profit fell to $72 million, down more than 70% compared to the same quarter last year because of low metallurgical coal prices.



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