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SouthGobi Announces Agreement With CIC for Deferral of Interest Payments

May 30, 2016 |

HONG KONG, CHINA–(Marketwired – May 30, 2016) – SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (the “Company” or “SouthGobi”) announces the execution of a deferral agreement with China Investment Corporation (“CIC”) for deferral of the sum of approximately U.S.$18.7 million, representing current and deferred cash interest obligations and associated costs payable to CIC,  … Read More

Teck Announces Pricing of US$1.25 Billion of 5 and 8-Year Notes

May 27, 2016 |

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 26, 2016) – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it has priced its previously-announced offering of senior unsecured notes.

Teck will issue US$1.25 billion in aggregate principal amount of senior unsecured notes, consisting of US$650 million aggregate principal amount of  … Read More

Colonial Coal International Entered Into Letter of Agreement for Private Placement and Flatbed Property Interest Acquisition

May 2, 2016 | Colonial Coal International (TSXV: CAD) has announced it has entered into a new letter agreement with an investor group that provides for terms and conditions of each of a proposed private placement of units of CCI together with the corresponding agreement by the investor group to acquire a 10 percent  … Read More

BHP Not Looking to Bargain Hunt For Cheap Coal Assets

April 25, 2016 | BHP Billiton (NYSE:BHP) won’t be taking advantage of cheaply priced coal assets amid the weak market environment, the Sydney Morning Herald reported.

As quoted in the publication:
Mike Henry, the newly minted president of BHP’s minerals operations in Australia, has warned that the coal industry’s downturn could last longer than in previous cycles.

Mr  … Read More