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Tag: coal prices

Altius Announces Allegiance Coal to Acquire Telkwa Coal

ST. JOHN’S, NEWFOUNDLAND AND LABRADOR–(Marketwired – Sept. 21, 2016) – Altius Minerals Corporation (“Altius”) (TSX:ALS) is pleased to report that the private company optionee of its Telkwa Coal project in British Columbia, Telkwa Coal Limited (“TCL”), has announced a conditional binding agreement to be acquired by an Australian based public

Teck Reports Unaudited Second Quarter Results for 2016

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 28, 2016) –

All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted.

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) (“Teck”) reported profit attributable to shareholders of $15 million ($0.03 per share) compared with $63 million ($0.11 per share) a

Indonesia Expecting Lower Coal Output Next Year

Indonesia is expecting lower coal production in 2017 as smaller companies in the country struggle with low coal prices, Reuters reported.

As quoted in the publication:
Reduced output from the Southeast Asian nation could provide some support to prices that hit their lowest in 10 years earlier in 2016 due to slowing

SouthGobi Resources Announces Fourth Quarter and Full Year 2015 Financial and Operating Results and Update on Ovoot Tolgoi Resource Estimate

HONG KONG, CHINA–(Marketwired – March 29, 2016) – SouthGobi Resources Ltd. (TSX:SGQ)(HKSE:1878) (“SouthGobi” or the “Company”). The Company today announced its financial and operating results for the quarter and the year ended December 31, 2015. All figures are in U.S. Dollars unless otherwise stated.

Significant Events and Highlights

The Company’s significant events

Coal Prices Buoyed by Cold Snap

Reuters reported that while coal prices rebounded from multi-year lows this week, the longer-term outlook remains weak. That’s largely because demand for the fuel is being tamped down by cheap oil and lower consumption in major markets.

Glencore to Cut More Australian Coal Output

Reuters reported that Glencore Plc (LSE:GLEN) said Monday that it is planning to shutter its Collinsville colliery in Australia for three weeks amidst lower coal prices. The company will also cut a further 180 jobs from the mine.

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