Feds end Canada’s rail strike
Ottawa has stepped in to end a rare strike halting both of Canada’s major railways less than a day after it began. Labour Minister Steve MacKinnon on Thursday afternoon ordered…
Coal
Teck Coal fined $221,000 for unauthorized waste disposals in BC
Teck Resources‘ (TSX: TECK.B) former coal unit has been handed fines totalling approximately $221,000 for nearly 30 cases of environmental breaches in southeastern British Columbia over a two-year period. On…
Glencore scraps coal exit plan on investors’ pressure
Glencore (LSE: GLEN) followed shareholder opposition and scrapped on Wednesday plans to separate its coal division, which it had announced following its acquisition of assets last year from Teck Resources…
Anglo American takes US$1.6B writedown on UK mine
Anglo American (LSE: AAL) swung to a loss in the first half of the year after taking a fresh US$1.6 billion writedown on its Woodsmith fertilizer project in the U.K.,…
From moonscapes to Edens: What to do with your hole in the ground when the mining’s done
Telling the stories of reinvented coal mining regions, regenerated communities and rebuilt ecosystems, a new book published this month – 102 Things to Do with a Hole in the Ground…
Environment Canada lays charges against Teck Coal as Glencore sale closes
Environment Canada has laid five charges against Teck Coal Ltd. after the company was alleged to have dumped substances harmful to fish into waters near its Ek Valley operations in…
Rio Tinto mulls potential bid for Teck — report
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is said to be studying potential takeover bids for smaller rivals, including Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Canada’s largest diversified…
Anglo American kicks off coal assets sale — report
Anglo American (LSE: AAL) is said to have formally kicked off a process to divest its coal assets, enlisting the services of three top banks as part of a broader…
Teck’s $9.5B coal sale to Glencore set to close July 11
The federal government has approved the $9.5-billion sale of Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) coal business to Swiss-based resource giant Glencore (LSE: GLEN). Teck agreed in November to sell the…
BHP cuts employee incentives by 20% globally – report
BHP (LSE: BHP; NYSE: BHP; ASX: BHP), the world’s largest miner is reportedly reducing by 20% short-term incentives offered for the 2023-24 fiscal year to all employees, the Australian Financial…
Anglo’s coal mine fire may delay reshuffle: BMO
A gas fire at Anglo American’s (LSE: AAL) Grosvenor metallurgical coal mine in northeast Australia could see operations suspended for more than one year and affect the company’s restructuring plans,…
Red tape is top threat facing BC mining industry: PwC
Critical metals are a key economic driver for British Columbia’s mining industry, but government regulation, interest rates and inflation threaten opportunities, accounting firm PwC says in a new report. Green…