Search Results
Report Mining Company Teck Resource Increased Profit 15 percent
Teck Resources Ltd., Canada’s largest base-metals producer, gained in Toronto after announcing a 15 percent increase in second-quarter profit because of higher coal sales.
Teck rose C$1.25, or 5.1 percent, to C$26 at 4:15 p.m. in Toronto Stock Exchange trading. The shares have climbed more than fourfold this year.
CIC To Buy Equity Stake Teck Resources, China To Increase Investment In The Mining Sector
Teck Resources is a mineral exploration mining activities have a very knowledgeable. Teck mining company that produces zinc, copper, coal and metallurgy. To maintain the existence of the company and support the mine operations company, Teck will sell some equity stake to the state-owned China Investment Corp. (CIC). Equity stake sale is expected to pay [...]
Western Canadian Coal Corp. Wins New Sale Contract To Continue Coal Mine Exploration in British Columbia
Shares of Western Canadian Coal Corp. rose another 24 per cent Wednesday, after a 23 per cent gain the previous day, when the company said it has signed enough new sales contracts to continue running its Brule mine and Wolverine operation in British Columbia.
Xstrata Will Identify and Execute Potential Purchase Mining Companies and Mine Exploration
Xstrata Plc’s Chief Executive Officer Mick Davis said takeover opportunities are starting to appear after a rout in commodity prices sent shares of mining companies plunging. bloomberg.com is reporting.
Western Canadian Coal Corp. Earning Reports Profit $62.5M by Coal Mining Exploration
A tripling of the price of coal in the past year helped Western Canadian Coal Corp. swing to a profit in the third quarter despite lower sales volumes.
Future Mineral Exploration and Mine Industry in Russia During a Global Crisis
Russia auctioned its biggest mining company a decade ago when it was strapped for cash. It’s using the global credit crisis to regain control of OAO GMK Norilsk Nickel as economic turmoil forces U.S. and European governments to bail out their own corporations.
Bruce Power President To Nuclear Industry Advisory Panel
Saskatchewan has named the president of a company that is looking at building a nuclear power plant in the province to a panel that is to advise the government on how to develop its uranium and nuclear industry.
Duncan Hawthorne, president of Bruce Power Inc., is one of 12 people who were appointed to the Uranium [...]
Thunder Bay Top Port Coal Mine Exploration Shipment
Higher Great Lakes water levels, continued strong coal shipments and a windfall of wind turbine traffic all contributed to strong tonnage totals through July, yet Duluth-Superior’s maritime commerce is lagging slightly behind last year’s record-setting pace, the Duluth Seaway Port Authority reported today.
All cargo through July totaled 21 million short tons, 6.5 percent behind 2007, [...]
Cominco makes $14 billion deal in W.Va. for Coal Mine Industry Expansion
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said July 29 it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a [...]
