Coal

Wall Street marches higher, April 6-10 

Source: Print Archives | 2015-04-15
U.S. stocks rose for a second straight week. The Dow Jones Industrial Average advanced 294.41 points to 18,057.65 and the S&P 500 Index gained 35.1 points to finish at 2,102.06. Both indexes were up 1.7%. The Nasdaq Composite rose 2.2% to...

SouthGobi Resources loses appeal in Mongolian tax case  

Source: Print Archives | 2015-04-01
In late February Mongolian President Elbegdorj Tsakhia may have pardoned three former employees of SouthGobi Resources (TSX: SGQ) who were convicted in a tax evasion case on Jan. 30, and handed jail sentences of between five and six years, but...

PDAC 2015: Mines Minister says Colombia is picking up the pace  

Source: Print Archives | 2015-03-25
Colombia’s mining sector makes up 3% of the country’s gross domestic product. It is the world’s fourth-largest coal producer at 90 million tonnes per year, the tenth-largest nickel producer, and it is rich in copper, precious...

Coal sector woes expected to accelerate, experts say 

Source: Print Archives | 2015-03-25
With coal prices sitting at multi-year lows, almost 17% of coal production this year in the U.S. could be at risk of idling or closure, as total cash costs plus sustaining capital expenditures exceed current market prices, Wood Mackenzie says...

U.S. indexes down third week in a row, March 9-13 

Source: Print Archives | 2015-03-18
U.S. stocks posted losses for the third straight week, with the Dow Jones Industrial Average finishing 0.6% lower at 17,749.31 and the S&P 500 Index closing at 2,053.40, a 0.9% drop. Disappointing economic data from China, a stronger U.S....

Chinese firm Novel to buy stake in SouthGobi 

Source: Print Archives | 2015-03-04
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and...

Buyer emerges for Coalspur Mines 

Source: Print Archives | 2015-03-04
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.

PDAC 2015: The 'first green shoots have emerged' 

Source: Print Archives | 2015-03-04
With metal markets being the number-one indicator for the health of the global mineral exploration industry, a great way to kick off the technical program of the Prospectors & Developers Association of Canada convention in Toronto is to...

Contrarian investor Anglo Pacific picks up coal royalty 

Source: Print Archives | 2015-02-18
Anglo Pacific Group (TSX: APY; LSE: APF) is forking over US$60 million in cash and US$5 million in shares for a royalty on Whitehaven Coal’s (US-OTC: WHITF; ASX: WHC) Narrabri thermal coal mine in Australia at a time when the price of...

Update: Mongolia convicts SouthGobi trio of tax evasion 

Source: Print Archives | 2015-02-04
Three former employees of SouthGobi Resources (TSX: SGQ) including a U.S. citizen are slated to spend the next five years behind bars after a Mongolian court found them guilty of tax evasion.

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