Canadian Mining Journal


Coal


  • News

    COAL: JOGMEC opts to continue at Altitude’s Palisades property

    January 5, 2017 by Canadian Mining Journal

    ALBERTA – Altitude Resources of Calgary says its partner Japan Oil, Gas and Metals National Corp. (JOGMEC) at the Palisades coal project near Hinton has agreed to proceed with the 2017 field program. The property contains an inferred resource of

  • COAL: New Brunswick to phase out coal

    December 8, 2016 by Canadian Mining Journal

    NEW BRUNSWICK – The New Brunswick government announced Wednesday that it will phase out burning coal to generate electricity as part of a new climate change plan. Premier Brian Gallant said the province must do its part to combat global

  • Base metal and bulk commodity forecasts improve heading into 2017

    December 7, 2016 by Canadian Mining Journal

    VANCOUVER — It’s been a tough run recently for many people involved in base metals and industrial commodities. Structural recessions among leading global economies have combined with oversupply concerns to drive down spot prices for copper, zinc and metallurgical coal.

  • News

    STRATEGY: Rio Tinto promises to boost free cash flow by $5 billion

    November 24, 2016 by Canadian Mining Journal

    AUSTRALIA – Rio Tinto promised earlier this week to boost its free cash flow by an additional $5 billion over the next five years. And it will meet its cash reduction target of $2 billion this year and next. The

  • News

    Teck seeks more cuts despite ‘cost reduction fatigue’

    October 3, 2016 by Canadian Mining Journal

    Teck Resources’ (TSX: TCK.B; NYSE: TCK) chief financial officer Ron Millos said the company will continue lowering debt and improving operating costs, despite the fact further savings would be difficult to achieve. In 2012, the diversified miner began cutting costs

  • News

    Southwest US snapshot: 9 projects to watch

    September 27, 2016 by Canadian Mining Journal

    The mineral bounty of California, Nevada, Utah and Arizona is legendary, but the hard work of finding new deposits continues. Here are nine new projects large and small that are catching attention … Barrick’s Goldrush, Capstone’s Pinto Valley, Crown Mining’s

  • COAL: New interest in B.C. coal mine

    September 21, 2016 by Canadian Mining Journal

    ST. JOHN’S, NEWFOUNDLAND AND LABRADOR: Altius Minerals Corporation says that the private company optionee of its Telkwa Coal project in British Columbia, Telkwa Coal Limited, has announced a conditional binding agreement to be acquired by an Australian-based public issuer, Allegiance

  • News

    Editorial: Metallurgical coal prices go through the roof

    September 14, 2016 by Canadian Mining Journal

    While so much attention this year has focused on gold, it’s metallurgical coal that has suddenly become the unlikely star performer of 2016. Traders in metallurgical coal, also known as “coking coal,” saw the Steel Index price of premium hard

  • Newmont exits Indonesia with US$1.3B asset sale

    July 6, 2016 by Canadian Mining Journal

    VANCOUVER — Newmont Mining (NYSE: NEM) indicated earlier this year that it was in talks to divest its Indonesian business unit to a consortium of local investors, and on June 30 it hammered out a US$1.3-billion deal with PT Amman Mineral Internasional

  • FIRST NATIONS: Nova Scotia Mi’kmaq chiefs sign royalty deal for proposed undersea coal mine

    June 9, 2016 by Canadian Mining Journal

    MEMBERTOU, N.S.—A potentially “groundbreaking” royalty deal between 11 Mi’kmaq chiefs in Nova Scotia and a coal mining giant for a proposed undersea coal mine may signal companies are more willing to share resource wealth with First Nations, an expert on

  • BONDS: Teck bond offering raises US$1.25 billion

    June 8, 2016 by Canadian Mining Journal

    VANCOUVER – Teck Resources has closed its US$1.25 billion offering of senior unsecured notes. The offering consisted of US$650 million worth of five year notes and US$600 million worth of eight-year notes. Teck has applied the net proceeds from the

  • BENEFITS: Ktunaxa and Teck sign historic agreement

    May 18, 2016 by Canadian Mining Journal

    BRITISH COLUMBIA – The Ktunaxa Nation Council of Cranbrook, BC, and Teck Resources of Vancouver have signed a historic impact management and benefits agreement. The deal covers both long term opportunities for the local community and increased certainty that Teck