Consol Energy sells coal assets in Canada
Consol Energy (CNX-N) sold two non-producing coal assets in Western Canada last month for US$127 million, bringing its total asset sales in 2012 to more than US$350 million, the company reported today.
Articles by Northern Miner Staff
Santacruz Silver on the fast track to production
VANCOUVER — For Mexico-focused Santacruz Silver Mining (SCZ-V) 2013 may well be the year where well-laid plans take root and begin to grow. The Vancouver-based company is working on a trio of advanced-stage silver projects with the goal…
Rising Indian steel production to support coking coal prices
VANCOUVER – Talk of coal usually focuses on the thermal variety – the lower-carbon black rock burned in generators to produce electricity – to the neglect of the higher-quality variety used in steelmaking. The focus makes…
TSX climbs as holidays close
The holidays brought cheer to Canadian investors as the TSX Composite Index was up 54 points to 12,433.53 for the Dec. 24-31 period, and equities were still climbing at press time.
Venture climbs over Christmas week
VANCOUVER – Christmas kept things fairly quiet on the S&P TSX Venture Composite Index over the Dec. 24-28 trading period, though the board did notch small gains each day to end the session up 24.1 points at 1,201.84. Trading volumes were…
ArcelorMittal sells 15% stake in Canadian unit to Asian group
With demand for steel in Europe tumbling about 8% in 2012 and a cumulative 29% since 2007, Luxembourg-based steel maker ArcelorMittal (MT-N) has decided to sell a 15% stake in ArcelorMittal Mines Canada to an Asian consortium including South…
U.S. stocks close in the red, Dec. 24-28
U.S. stocks ended the holiday shortened Dec. 24–28 trading week in the red as certainty that a deal will be made to avoid the fiscal cliff wavered.
Coal set to challenge oil for global energy supremacy by 2017
It has not been a good year for coal. Australian coal loaded at the port of Newcastle, a leading benchmark for global thermal prices, started the year at US$125 per tonne. Today it is worth just US$90 per tonne, a decline of almost 30%.
Kaminak tallies 3.2M oz. gold in Yukon
The final stretch of 2012 was promising for for shareholders of Vancouver-based explorer Kaminak Gold (KAM-V). The company saw its share price rise 44% since Dec. 10 — jumping 44¢ before closing the week at $1.43 per share. Kaminak…
Rubicon prepares to defend Phoenix in court
The Wabauskang First Nation is getting more forceful in opposing Rubicon Minerals (RMX-T, RBY-X) and its Phoenix gold project in Red Lake, Ont.
Canada Lithium starts mine commissioning
Canada Lithium (CLQ-T) is commissioning the open pit and processing plant at its Quebec Lithium mine near Val-d’Or, Que., with first production of spodumene concentrate expected shortly, followed by lithium carbonate output early this…
EMED perseveres at Rio Tinto in Spain
The Rio Tinto copper mine in southwest Spain has been mined for thousands of years, and modernizing it might be a challenge.