Anglo Puts Brakes on Power Project
Mining Weekly reported that a power project that was being facilitated by Anglo American has been deferred, in light of the recent downturn in the platinum sector
Coal Company News Directory
Feasibility Study Finds Stanmore Coal’s Range Project Viable
Mining Weekly reported that a recently completed feasibility study for Stanmore Coal's the Range project in Queensland supports the technical and economic viability for the project.
Cardero Resource Reports Annual General Meeting Results
Cardero Resource Corp. (TSX:CDU,NYSEMKT:CDY,FWB:CR5) reported that all motions for approval at its 2013 Annual General Meeting were passed, including re-election of directors and an amendment to the Articles of the Company which implements a requirement for advance notice in connection with the nomination of individuals for election as director of the Company.
Patriot Coal Set for Court Fight To Terminate Benefits for Miners, Retirees
NASDAQ.com reported that the court case for Patriot Coal to remove itself from obligations to its unionized miners and retirees is set to begin next week.
Cliffs Natural Resources Stock Price Rises 18 Percent on Strong Profits
CNBC reported that Cliffs Natural Resources' stock price jumped close to 18 percent on Thursday after they reported stronger than expected profits for the first quarter.
Challenger Deep Resources Closes Private Placement
Challenger Deep Resources (TSXV:CDE) closed a non-brokered private placement consisting of 9,316,667 units of the Company, at a subscription price of $0.15 per Unit for gross proceeds of $1,397,500.
Corsa Coal Increases 2013 Sales Guidance
Corsa Coal Corp. (TSXV:CSO) announced its financial results for Q1, including production results and adjustment to sales forecasts
Northfolk Southern Relies on Transport of Other Goods to Beat Analyst Estimates
CNBC reported that Norfolk Southern beat analyst estimates with their Q1 results, mostly due to transporting non-coal items.
Cardero Acquires 4 Carbon Creek Coal Licenses and Completes Secured Note Private Placement Financing
Cardero Resource (TSX:CDU,NYSEMKT:CDY,FWB:CR5) successfully completed a private placement financing of Senior Secured Notes to raise net proceeds of $5,077,000 (USD 5,000,000). The Company also announced that Cardero Coal Ltd. exercised its option to acquire the shares of a private company that holds 4 coal licenses which form part of the Carbon Creek Metallurgical Coal Project.
Lower Coal Prices to Blame for Teck’s 40 Percent Drop in Q1 Profits
Reuters reported that Teck reported a 40 percent drop in first-quarter profit, blaming lower coal prices. As quoted in the Reuters report: Teck warned in February that demand for coal would be soft through at least the first half of 2013. The company said economic uncertainty in Europe and the United States, along with lower [...]
