Takeover completed, Grande Cache to delist from TSX soon

Calgary based Grande Cache Coal said on Thursday its C$1-billion acquisition by Hong Kong-listed and Japan’s Marubeni Corporation had closed. The company, which owns coal mines in west-central Alberta, said its shares would be delisted from the...

The future’s so bright . . .

Mining investment in Canada could surpass $138-billion in new private sector investment over the next five years, Mining Association of Canada (MAC) VP government affairs Paul Hébert tells Mining Weekly. These investments will create thousands of...

Grande Cache says C$1bn buyout still on

TSX-listed Grande Cache Coal said on Thursday it had “no reason to believe” that a report alleging fraud at the Hong Kong-listed firm which agreed to buy it had merit. Calgary-based Grande Cache added it was still working with acquirers...

Company Announcement: Canadian Quantum Energy Plans Alberta Drilling

Canadian Quantum Energy Corp. [CQM-TSXV] is a Calgary-based oil & gas exploration company, with land holdings in Alberta and Québec. The company has 27,168,665 shares outstanding with insiders owning approximately 52%.

Grande Cache managers face insider trading allegations

Certain directors and former officers of Grande Cache Coal, which on October 31 became the subject of a $1-billion bid, are due to appear in an insider trading hearing, the Alberta Securities Commission (ASC) said on Thursday. The watchdog...

Agrium profit surges but shares slip

Agrium reported a more than threefold increase in its quarterly profit on Thursday on gains in its retail business, but its shares fell 2% as sales volumes at its wholesale fertilizer business were weaker than expected. Calgary-based Agrium said...

RCMP confirms investigation into Blackfire: paper

Canada’s Royal Canadian Mounted Police have launched a criminal investigation into allegations of bribery against Calgary based Blackfire Exploration, a newspaper reported on Monday. “An investigation is ongoing,” the Calgary Herald quoted...

Council focused on improving Canada’s mineral reserve

Fledgling nonprofit organisation Canada Mining Innovation Council (CMIC) aims to reverse the significant decline of Canada’s reserves through its exploration initiative. Government department Natural Resources Canada (NRCan) reports a reduction...

Grande Cache gets key permit, Q1 output lags

Calgary, Alberta-based Grande Cache Coal said on Thursday it has received approvals for its new No 12 South B2 underground mine, but warned that sales in the company's financial first quarter (to end June) were lower than expected. Grande Cache...

Grande Cache earnings boosted by coal prices

Calgary, Alberta-based Grande Cache Coal Corp earned $5.1-million in its fourth quarter (to end March), an increase of 264% compared with a year earlier, after higher coal prices offset lower volumes. The company reported coal sales for the...

Grande Cache Coal lowers FY guidance

Calgary, Alberta-based Grande Cache Coal has cut its fiscal-year production guidance by about eight percent, citing “challenging conditions” in its surface mine. The company now expects to sell between 2,2-million and 2,4-million tons in the...

Software improves exploration and mine development

One of the exhibitors at the 2011 Prospectors and Developers Association of Canada (PDAC) International Convention, Trade Show and Investors Exchange, which will take place from March 6 to 9 in Toronto, Canada, is global software firm Gemcom...