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Atlantic Coal Set to Depart AIM, Changes Name to Atlantic Carbon
January 13, 2016
US- focused coal miner Atlantic Coal is set to depart from AIM after shareholders approved the resolution at a meeting yesterday. Also approved was a change of name to Atlantic Carbon expected to become effective on or around January 24
Signal Peak Energy Reaches Agreement for Bull Mountain Coal Mine Expansion, Montana
January 13, 2016
A central Montana coal mine reached an agreement Monday with environmentalists and state regulators that is intended to avoid a major shutdown as a declining coal market leaves the future of some mining companies in doubt. The deal comes after
Blackhawk Mining to Permanently Lay Off 146 Coal Miners at W. Va. Mines
January 13, 2016
Blackhawk Mining has announced plans to idle some coal operations in southern West Virginia and permanently lay off 146 workers. Lexington, Kentucky-based Blackhawk Mining sent layoff warning notices to the Kanawha County Commission on Monday. The Panther Creek mine in
Arch Coal Files for Chapter 11 Bankruptcy
January 12, 2016
Arch Coal, Inc. has reached an agreement with a majority of the lenders under its $1.9 billion first lien financing facility to significantly restructure the company’s debt load. Arch has entered into a restructuring support agreement with the members of
Kinross Gold Acquires Barrick’s Bald Mountain Gold Mine for $610 Million, Nevada
January 12, 2016
Kinross Gold Corporation has acquired 100 percent of the Bald Mountain gold mine, which includes a large associated land package, and 50 percent of the Round Mountain gold mine in Nevada from Barrick Gold Corporation for $610 million in cash
Oban Mining to Acquire NioGold Mining for $10 Million
January 12, 2016
Oban Mining Corporation will acquire NioGold Mining Corporation for $10 million. Under the terms of the arrangement agreement, holders of NioGold shares will be entitled to receive 0.4167 common shares of Oban in exchange for each NioGold share held, representing
Alcoa to Close Warrick Smelter in Indiana, Curtail Remaining Capacity at Pt. Comfort Refinery, Texas
January 12, 2016
Alcoa is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions. In 2015, the Midwest transaction aluminum price dropped approximately 30 percent, and the Alumina Price Index fell approximately 40 percent. Alcoa will permanently
Iberian Minerals Opens Mineworx Fabrication and Office Facility in Canada
January 12, 2016
Iberian Minerals Ltd. has opened a Mineworx fabrication and office facility at 1600 “C” Kingsway Avenue, Port Coquitlam, British Columbia. The 7,050 sq ft building offers a 20 ft ceiling height, large grade loading doors and three-phase electrical service. Mineworx
Rare-earths Miner Molycorp to Start Bankruptcy Sale of Business
January 12, 2016
Rare-earths producer Molycorp reached agreements with its junior creditors on Friday that clear the way for the bankrupt company to accept bids for the company and to ask creditors to vote on a plan to exit bankruptcy. Molycorp, the only
Cameco Sets Production Outlook for Cigar Lake Uranium Operation, Canada
January 11, 2016
Cameco’s Cigar Lake operation is expected to produce 16 million packaged pounds of uranium concentrate (U3O8) in 2016 (Cameco’s share 8 million pounds). Ore from the Cigar Lake mine is milled and packaged at the McClean Lake operation which is
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