Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.
Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
With the Mongolian economy growing at one of the fastest rates in the world, and China eyeing its neighbour as a potential long-term power source, Vancouver-based Prophecy Coal (PCY-T) is optimistic about its prospects for a power-purchase…
Less than two weeks after Timmins, Ont.-focused Liberty Mines (LBE-T) temporarily halted production because of declining nickel prices and posted a positive preliminary economic assessment (PEA) for its Hart nickel deposit.
VANCOUVER — With the Mongolian economy growing at one of the fastest rates in the world, and China eyeing its neighbour as a potential long-term power source, Vancouver-based Prophecy Coal (PCY-T) is optimistic about its prospects for a…
Mining-giant Anglo American (AAL-L, AAUKY-O) looks to have finally secured a slice of the frenzied coal-mining push in the southern Tete province of Mozambique. Anglo had been exploring acquisition options in the area in a bid to lock down a…
VANCOUVER — Toronto-based Sherritt International (S-T) is suffering from symptoms of the global economic slowdown, including rising cash costs and lower realized prices on production.
VANCOUVER — Mining-giant Anglo American (AAL-L) looks to have finally secured a slice of a frenzied coal-mining push in the southern Tete province of Mozambique. Anglo has been exploring acquisition options in the area in a bid to…
The global economic downturn is hitting Teck Resources (TCK.B-T, TCK-N). Canada’s biggest diversified miner is suffering from weaker coal and copper prices as the Chinese growth story loses steam.
Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies are taking a toll on coal producers, with Toronto-based developer Cline Mining (CMK-T) halting operations at its…
Working in a coal mine in the U.S. these days involves not only staying focused on getting your job done, but also wondering whether the company you work for can pay its bills and remain a viable concern.The industry was booming as recently as…
VANCOUVER — Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies continue to take a toll on coal producers, as Toronto-based developer Cline Mining (CMK-T) opted…
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