Cline ramps up production at New Elk
Cline Mining (CMK-T) is swinging its New Elk metallurgical coal mine in southern Colorado into full commercial production at a rate of 3 million tons a year, as part of its initial 20-year mine plan.
Coal
Coalspur quietly advances Vista
Marketable coal reserves at Coalspur Mines’ (CPT-T) flagship Vista project in Alberta have risen 20% to 313 million tonnes from the 260 million tonnes estimated in the prefeasibility study. The 313 million tonnes will come from a recoverable…
Cline starts commercial production at New Elk
Cline Mining (CMK-T) is swinging its New Elk metallurgical coal mine in southern Colorado into full commercial production at a rate of 3 million tons a year as part of its initial 20-year mine plan.
Xstrata to expand Canadian footprint through organic growth
London, U.K. – After a decade of expansion through M&A, diversified Swiss miner Xstrata (XTA-L) is turning to organic growth to provide its next generation of mines and to increase production through the expansion of others.
Coalspur makes headway at Vista
Marketable coal reserves at Coalspur Mines’ (CPT-T) flagship Vista project in Alberta have risen 20% to 313 million tonnes from the 260 million tonnes estimated in the prefeasibility study. The 313 million tonnes will come from a recoverable…
Cardero’s share of Carbon Creek at $752M NPV
Vancouver – Cardero Resource (CDU-T) has released a preliminary economic assessment on its 75%-owned Carbon Creek metallurgical coal project in Northeast British Columbia only months after securing majority ownership of the project.
Prophecy advances its Chandgana power plant
Prophecy Coal (PCY-T, PCY-V) could start building its 600-megawatt (MW) Chandgana power plant in Mongolia by early 2013, positioning itself for a 2016 start.
Chinese firms pledge to invest $1.4B in private BC coal projects
B.C.’s new Liberal premier, Christy Clark, has made bold statements about mining since taking power.
Prophecy advances its Chandgana power plant
Prophecy Coal (pcy-t) could start constructing its 600 megawatt (MW) Chandgana power plant in Mongolia by early 2013, positioning itself for a 2016 start.
Chinese firms to invest $1.36 billion in private B.C. coal projects
Vancouver – British Columbia’s new Liberal premiere, Christy Clark, has made some bold statements to Canada’s mining sector and the rest of the world these past few weeks.
Asian group bids $1B for Grande Cache Coal
In an unusual move, two firms from traditional rivals China and Japan have teamed up to buy Alberta coal producer Grande Cache Coal (GCE-T) at a hefty premium, despite choppy times for the metallurgical coal industry.
Xstrata Coal buys Cline’s Lossan deposit
Xstrata’s (XTA-L) subsidiary Xstrata Coal has struck a deal to buy Cline Mining’s (CMK-T) wholly owned Lossan coal deposit in B.C.’s Peace River coalfield for $40 million in cash.