Coal

PDAC 2015: The 'first green shoots have emerged' in mineral markets

Source: Daily News | 2015-03-02
With metal markets being the number one leading 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...

Buyer emerges for Coalspur Mine

Source: Daily News | 2015-02-26
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 about US$120 per tonne.

Chinese firm to buy partial stake in SouthGobi from Turquoise Hill

Source: Daily News | 2015-02-25
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ; NASDAQ: TRQ), and...

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.

U.S. equities drift lower, Dec. 29-Jan. 2 

Source: Print Archives | 2015-01-07
The Dow Jones Industrial Average and the S&P 500 Index climbed 1.4% and 0.9%, but the major indexes edged lower in the last trading week of the year, falling 1.2% and 1.5% in the following trading session. The Dow finished the week at...

Commentary: China's declining coal dependence 

Source: Print Archives | 2015-01-07
The latest energy-market numbers from the Chinese government show an acceleration of a remarkable phenomenon that emerged from 2012 to 2014. The bottom line today is that the traditional nexus between real gross domestic product (GDP) growth,...

BHP spinoff South32 to launch in mid-2015 

Source: Print Archives | 2014-12-24
BHP Billiton’s (LSE: BLT) spinoff company will be named South32, a nod to the location of its assets  in the southern hemisphere and a more cryptic salute to the location of its main offices in Australia and South Africa.

Miners struggle to adapt to lower coal prices 

Source: Print Archives | 2014-12-17
Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.

Vale may sell part of its base metals division 

Source: Print Archives | 2014-12-10
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.

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