Walter Energy Inc


A truck at Teck Resources Fording River metallurgical coal project in southeastern B.C. Credit: Teck Resources

Met coal producers prepare for long price weakness

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,…



U.S. markets, Apr. 15 – 19

U.S. stocks kicked off the trading week by posting their worst day since Nov. 7, 2012, with the Boston Marathon bombings, lower-than-expected Chinese gross domestic product growth and a tumbling gold price accelerating equity sell-offs . On…


Walter curtails Willow Creek, preps for proxy battle

VANCOUVER – Walter Energy (WLT-T, WLT-N) is curtailing operations at its Willow Creek mine in northern British Columbia until metallurgical coal prices improve, the fifth met coal mine Walter has curtailed in the last 18 months as the…


U.S. equities are fragile, Feb. 18-22

The S&P 500’s seven-week winning streak ground to a halt with the benchmark index falling 0.1% to 1,515.60.  The Dow Jones Industrial Average edged 0.1% higher to finish at 14,000.57 and The Philadelphia Gold and Silver index…