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Consol Energy's thermal coal unit files for IPO

By: Reuters     Updated 1 hour 21 minutes ago CNX Coal Resources, Consol Energy's thermal coal business formed as a master limited partnership (MLP), filed for an initial public offering with US regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by US utilities... 

Aquila Resources closes $20.75m financing

By: Henry Lazenby     Updated 3 hours ago TSX- and Frankfurt-listed Aquila Resources has closed a private placement and a silver purchase agreement for total funding of $20.75-million with Orion Mine Finance. The development-stage company, which was focused on developing the 100%-owned Back Forty gold/zinc project, in Michigan's Upper... 

Iamgold in talks to buy AngloGold's stakes in two Mali mines

By: Reuters     Updated 3 hours ago Canadian gold miner Iamgold is in talks with AngloGold Ashanti on buying AngloGold's stakes in two gold mines in Mali in which they are partners, Iamgold said late on Tuesday. Iamgold and AngloGold each own 41% of the Sadiola mine in southwestern Mali. The two miners also each own a 40% stake in... 

Goldcorp’s Éléonore declares commercial production

By: Henry Lazenby     Updated 3 hours ago The world’s largest gold miner by market capitalisation Goldcorp on Wednesday announced that it had declared commercial production at its Éléonore mine, located in the James Bay region of Quebec. The mine poured its first gold on October 1 last year and was expected to produce between 290 000 oz... 

Antofagasta restarts mines in northern Chile after heavy rains

By: Reuters     Updated 4 hours ago Copper miner Antofagasta said on Wednesday its Michilla, Antucoya and Centinela copper mines in northern Chile had resumed work after they were closed due to heavy rains last month. The London-listed company said it was working to minimise the loss of production caused by the rains. 

Brazil's Vale concludes sale of 49% stake in Belo Monte dam

By: Reuters     Updated 4 hours ago Brazilian miner Vale on Wednesday said it had concluded a deal with power utility Cemig Geração e Transmissão to sell 49% of its stake in the massive Belo Monte hydroelectric dam, following through on a December 2013 accord. Vale's remaining participation in the Norte Energia consortium running... 

Alpha Natural Resources cuts debt by about $379m

By: Henry Lazenby     Updated 4 hours ago US coal producer Alpha Natural Resources has reduced its total debt by about $379-million, after it successfully completed the repurchase of various notes. Alpha bought back about $593-million in principal amount of its unsecured notes, including the $82-million principal amount of its 3.75%... 

Corruption scandal keeps growing for Brazilian oil giant Petrobras

By: Simon Rees Putting the ‘B’ in BRICS, the group of five major emerging national economies of Brazil, Russia, India, China and South Africa, it seemed as if Brazil was finally fulfilling its destiny to become South America’s global powerhouse in the latter half of the 2000s. As an added fillip, vast offshore... 

Corruption scandal keeps growing for Brazilian oil giant Petrobras

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