Coal

Cliffs' Bloom Lake mine faces uncertain future

Source: Daily News | 2014-11-21
Struggling U.S.-based iron ore miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in northeastern Quebec, as it bids farewell to Canada.

Glencore to shut Australian coal mines temporarily 

Source: Print Archives | 2014-11-19
Glencore (LSE: GLEN) says it plans to shut down its coal operations in Australia for three weeks starting from mid-December due to slack demand and weak prices.

Met coal producers prepare for long price weakness 

Source: Print Archives | 2014-11-19
The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,...

US stocks soar, Oct. 27-31 

Source: Print Archives | 2014-11-05
U.S. equities gained as the American economy showed signs of improvement.

Iron ore price collapse claims more victims 

Source: Print Archives | 2014-10-22
Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third...

Volatility hits US stocks, Oct. 13-17 

Source: Print Archives | 2014-10-22
U.S. equities ended the choppy trading week in negative territory. The Dow Jones Industrial Average fell 164 points to 16,380.41, despite a late partial recovery that snapped a six-day losing streak on the back of strong earnings reports. 

US stocks tumble, Sept. 29-Oct. 3  

Source: Print Archives | 2014-10-08
U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to...

China moves to restrict imports of low-quality coal 

Source: Print Archives | 2014-10-01
A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain...

U.S. markets under pressure, Sept. 22-26 

Source: Print Archives | 2014-10-01
U.S. markets ended in negative territory during the trading week, with the Dow Jones Industrial Average falling 166.59 points, or 0.96% to 17,113.15, and the S&P 500 Index sliding 27.55 points, or 1.37%, to 1,982.85. The Philadelphia Gold...

TSX soars, Aug. 25-29 

Source: Print Archives | 2014-09-03
Canada’s main stock index kicked off the Labour Day weekend with a 90.18-point gain to 15,625.73. The S&P/TSX Global Gold Index edged up nearly 4 points to 202.10, helped by a US$6.40 per oz. jump in the gold spot price, which closed...

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