Glencore bids for Teck Resources coal unit
Glencore (LSE: GLEN) confirmed on Monday it had approached Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) with a proposal to buy the Canadian miner’s steelmaking coal business, in the latest…
Coal
Labour costs will soon beat oil as mine’s biggest expense, new data indicate
Labour costs are replacing oil products as a mine’s most expensive item as inflation impacts operating expenses more than capital costs, new reports show. Wages for some copper and gold…
Top Ten Australian juniors exploring in Canada
The following companies are the Top Ten Australian-headquartered juniors with a market capitalization of less than $1 billion, and have one or more active exploration projects in Canada, ranked according…
Teck’s bid to gain China wealth fund’s backing for coal split hits wall, report says
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Canada’s largest diversified miner, is reportedly struggling to secure the support of top shareholder China Investment Corporation (CIC) for a plan to exit…
The View from England: Win their hearts, and minds will follow
I shed tears within 30 pages. I expect you would too and, if you’re a miner, so you should. In a recently-published novel we are taken back to a small…
Canadian group led by Lassonde plans to buy Teck’s coal mines
Shares in Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, jumped on Tuesday on news that a consortium led by mining veteran Pierre Lassonde had proposed to buy…
US indexes close lower during May 1-5 trading week
The Dow Jones Industrial Average fell 423.78 points or 1.2% to 33,674.38 and the S&P 500 lost 33.23 points or 0.8% over the week to 4,136.25. Consol Energy was among…
Colonial boss scores two kicks at same coal can for billions in B.C.
David Austin has already sold what may be the largest undeveloped metallurgical coal land package in western Canada for several billion dollars. Now, in a strange twist of fate, he’s…
Glencore says takeover bid for Teck stands after spinoff fails
Glencore (LSE: GLEN) is far from giving up on its plan to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) as it confirmed on Thursday its bid for Canada’s largest…
Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…
Canada can’t build great mining companies fast enough to meet demand
Mining runs on M&A — one of the only constants in a business that’s full of uncertainty. Still, it’s been painful to watch so many home-grown metals and mining companies…
Anglo American’s copper output up 28% in first quarter
Anglo American (LSE: AAL) said on Tuesday that copper production jumped by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the ramp-up of its…