Quinsam, Hillsborough go belly-up
In a final attempt to restructure its debt, Quinsam Coal has filed for creditor protection and suspended operations at its coal mine near Campbell River, B.C. As a result, 120 unionized workers have b…
Quinsam Mine
Asian woes affect Hillsborough
The economic malaise in Asia is taking its toll on Hillsborough Resources (HLB-T), operator and 63%-owner of the Quinsam coal mine near Campbell River, B.C.After consulting with Japanese partner Marub…
Coal prices hit Hillsborough
The first six months of the year proved tough for Hillsborough Resources (HLB-T) in light of poor Asian economies, increased costs and lower coal prices.The company, which owns 63% of the Quinsam coal…
British Columbia, Ontario mines rewarded
Five mining firms have claimed health and safety awards in Ontario, while in British Columbia, a bevy of companies and individuals earned citations at a provincial competition in mine rescue and first…
Steelworkers disturbed by mine deaths
Three recent mining deaths in Canada have prompted the United Steelworkers union to speak out against unsafe mining practices.Miner Jacques Frenette was killed at Noranda’s Brunswick mine near Bathurs…
Two miners die in rockfall
Two miners died in a recent rockfall at the Quinsam coal mine, 22 km north of Campbell River, B.C.Hillsborough Resources (HLB-T) reports that three miners were trapped when the tunnel in which they we…
Hillsborough boosts production at Quinsam coal operation
Higher production and lower costs at the Quinsam coal mine enabled Hillsborough Resources (HLB-T) to report net income of $1.2 million for the first nine months of 1997.The company reported net income…
Coal produces black ink for Hillsborough
Net income of $545,000 was reported by coal producer Hillsborough Resources .T(HLB-T) for the second quarter of 1997, compared with income of $9.3 million a year earlier.The 1996 results included a ga…
Hillsborough finances expansion
An agreement with Sprott Securities will help provide Hillsborough Resources (TSE) with sufficient funds to expand its 63%-owned Quinsam coal mine near Campbell River, B.C.The company will issue 2.4 m…
INVESTMENT COMMENTARY — Coal producer Hillsborough shows earnings potential
The coal sector may not be imbued with the romance associated with gold or diamond mining, yet “black gold” does generate profits for many a producing company.Douglas Hurst, mining analyst for Sprott …