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.
News
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.
Centerra gets more headaches in Kyrgyzstan, puts more capital into Turkey
Centerra Gold (CG-T) is going all-in on a small Turkish gold project, just as it prepares to endure more tough times at the world-class Kumtor gold mine in Kyrgyzstan. Issues at Kumtor have been ongoing, with talk concerning nationalization of…
ArcelorMittal sells Canadian stake to Asian consortium
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…
SEC approves first copper-backed ETF
After a two-year regulatory battle, J.P. Morgan Chase (JPM-N) has won approval from the U.S. Securities and Exchange Commission (SEC) to launch an investment vehicle that tracks the price of copper.
BMO takes a fresh look at single-asset miners
BMO Capital Markets’ research team is shaking things up this new year.
Copper Mountain aims to produce more copper
Copper Mountain Mining (CUM-T) is giving guidance that its copper production for 2013 from its namesake mine in southern B.C. will be 80 million lb. — a number that falls within analyst expectations.