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COAL

Patriot Coal issues potential layoff notices to 847 WV workers

Mere months after announcing its emergence from an 18-month long Chapter 11 reorganisation as a well-capitalised private company, US miner Patriot Coal on Wednesday announced that it had issued 60-day notices of potential layoffs to 847 West...
23rd April 2014
 
GOLD

Klondex strikes toll milling agreement with French Gulch Nevada Mining

TSX-listed Klondex Mines on Wednesday announced that it had struck a toll milling agreement with with French Gulch Nevada Mining to process gravity concentrates produced from the Washington mine at Klondex's Midas mill. Under terms of the one-year...
23rd April 2014
 
ENGINEERING SERVICES

AngloGold Ashanti awards engineering contract for Colorado gold mine

Global engineering and construction firm Foster Wheeler on Wednesday announced that a subsidiary of its Global Engineering and Construction Group had been awarded a contract for basic engineering for the Squaw Gulch ADR2 project, a new adsorption,...
23rd April 2014
 
TAKEOVER OFFER

Augusta still looking for alternative deals, 10 potential suitors signed on

Conceptual Rosement operation. US-focused copper project developer Augusta Resource Corp on Wednesday revealed that it had signed ten confidentiality agreements with potential suitors under its strategic review process, as it sought to maximise shareholder value in dealing with...
23rd April 2014
 
VANADIUM

American Vanadium announces first CellCube installation in New York

US vanadium project developer and renewable energy technology purveyor American Vanadium on Wednesday unveiled plans to demonstrate the CellCube vanadium redox flow energy storage system in partnership with the New York State Research and...
23rd April 2014
 
OIL SANDS

US Oil Sands’ biosolvent extraction patent approved

Canadian innovator and project developer US Oil Sands on Tuesday announced that the United States Patent and Trademark Office had approved its patent application for its bio-solvent based oil sands extraction method, which the company bills as an...
22nd April 2014
 
ENVIRONMENT

Cline Mining settles with BC govt over expropriated coal properties

Bankrupt coal junior Cline Mining this week reached a settlement with the government of British Columbia over a 2012 civil claim alleging the government expropriated three coal properties in the south-eastern parts of the province worth more than...
22nd April 2014
 
BASE METALS

Amerigo strikes new Codelco accord, to process tailings till 2037

Canadian base metals producer Amerigo Resources, which produces copper and molybdenum from tailings from the world's largest underground copper mine, Codelco's El Teniente operation, in Chile, on Tuesday announced that it had secured a new master...
22nd April 2014
 
COAL

Arch Coal widens Q1 loss as weak coal prices weigh, lowers guidance

US coal producer Arch Coal on Tuesday reported a 77% wider first-quarter loss as a result of challenging global steelmaking coal markets and the persistence of rail performance issues in Appalachia. For the three months ended March 31, the...
22nd April 2014
 
COAL

Teck to cut 600 from workforce, coal margins at decade lows

Diversified Canadian miner Teck Resources on Tuesday announced that it would reduce its global workforce by 5%, or 600 workers, as it sought to cut costs amid sagging profit and low commodity prices. For the three months ended March 31, the net...
22nd April 2014
 
PROXY BATTLE

Dissident shareholder has not made a compelling case to change Sherritt - ISS

Corporate governance analysis and proxy voting firm Institutional Shareholder Services (ISS) has concluded that dissident Sherritt International shareholder, Halifax-based investment firm Clarke Inc, has not made a compelling case for change,...
21st April 2014
 
QUEBEC URANIUM SECTOR

First Nation complains no English versions of QC uranium report published

The Grand Council of the Crees on Monday called upon the newly elected Quebec premier Philippe Couillard and his Quebec Liberal government to ensure that English versions were prepared for all documents relating to the public hearings of the...
21st April 2014
 
 
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