Cliffs curtails production at two mines
Declining demand for steel has prompted major iron ore producer Cliffs Natural Resources (CLF-n) to stop production at two mines in Minnesota.
Coal
Commentary: Ohio Coal Association: Obama is ‘extraordinarily misguided’
The following is a statement by Mike Carey, president of the Ohio Coal Association, in response to just-released re…
NEMI and Aviva to merge (November 03, 2008)
Vancouver — NEMI Northern Energy & Mining (NNE. A-V, NNEMF-o),and Australian-listed Aviva (AVA-a) are merging to create a growth-oriented international coal and energy group.
Coal cushions Teck’s third quarter (November 03, 2008)
Vancouver — For Teck (TCK. B-T, TCK-n) coal continued to be its saving grace in its most recent quarter.
Sherritt buckles down after strong Q3
Although Sherritt International (S-T) had a strong third quarter, the company says it will cut back on spending in …
Cliffs to curtail iron ore production at two Minnesota mines
Declining demand for steel has prompted major iron ore producer, Cliffs Natural Resources (CLF-N), to stop producti…
Coal cushions Teck’s third quarter (October 27, 2008)
Vancouver – For Teck (TCK.B-T, TCK-N) coal continues to be its saving grace this quarter.With demand for zinc and…
Waratah rejects bid by Aussie company
Waratah Coal (WCI-V, WRTHF-o) says a partial takeover bid by Mineralogy Pty. undervalues the company’s Galilee Basin coal project in eastern Australia and has advised shareholders to reject the $1.41-…
Waratah rejects takeover bid by private Australian company
Waratah Coal (WCI-V) says a partial takeover bid by Mineralogy Pty. undervalues the company’s Galilee Basin coal pr…
SouthGobi finds more coal near Ovoot Tolgoi (October 20, 2008)
Field reconnaissance and trench work in Mongolia have paid off for SouthGobi Energy Resources (SGQ-V, SGQRF-o), which has found yet more coal just 10 km southeast of its producing Ovoot Tolgoi coal mi…
Can China help bail out the global economy? (October 20, 2008)
If you think China’s super-hot economy and the astounding growth rates it has posted over the last decade will help buffet the rest of the world from the economic meltdown, you might want to think aga…
Citigroup cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U. S. financial crisis, slowing growth in China and disinflationary developments.