Search for coal leads to Canada's high Arctic

Iron-ore mining on Baffin Island? Child's play. A newly floated company, Canada Coal, is hoping to build a coal mine on Ellesmere Island, the northernmost tip of which is just 800 km from the North Pole. “I firmly believe we have what could be...

Walter Energy on track to lift metcoal output 50% by 2013

Walter Energy, which bought Canada’s Western Coal in April, is on track to lift coal production by 50% by the end of 2013, interim CEO Joe Leonard said on Thursday. The target is to reach 16-million tons of metallurgical coal sales a year and...

Anglo scraps plan to sell Peace River Coal

Anglo American will not sell its Peace River Coal assets in British Columbia after all, a spokesperson confirmed on Wednesday. “In line with our strategy to grow our metallurgical coal business both within and beyond Australia, we have decided...

Walter Energy completes acquisition of Western Coal

US coal miner Walter Energy has completed its acquisition of Vancouver-based Western Coal, the company said on Friday. Walter agreed in early December to pay C$11,50 a share in cash or 0,114 a share for each Western Coal share.

Coal producer sees ‘improvement’ in Canada rail, port congestion

Vancouver-based Western Coal, which has agreed to a C$3,3-billion takeover by rival Walter Energy, is seeing improvements in the logistics systems it uses to ship coal from its operations in western Canada, reports Western Coal COO Neil Winkelmann.

Western Coal sees 'improvement' on Canada rail, port congestion

Vancouver-based Western Coal, which has agreed to a C$3,3-billion takeover by rival Walter Energy, is seeing improvements in the logistics systems it uses to ship coal from its operations in western Canada, COO Neil Winkelmann said on Friday....

Walter Energy and Western Coal agree to C$3,3bn merger

US-based Walter Energy will buy Western Coal for C$3,3-billion to create a “pure-play” metallurgical coal miner, as demand and prices for the steelmaking ingredient rise. Walter Energy will pay C$11,50 a share in cash, or 0,114 of a Walter...

Walter Energy, Western Coal extend exclusive talks

Vancouver-based Western Coal has extended an exclusivity period to reach a deal on a takeover by NYSE-listed Walter Energy, the firm said on Thursday. The two companies announced they were in talks on November 18, after the US-based company...

Bid for Western could flush out suitors for Walter Energy – analyst

The news that US coal producer Walter Energy is in exclusive discussions to acquire Canada's Western Coal could draw out potential buyers of Walter itself, Dahlman Rose & Co analyst Daniel Scott commented on Friday. Walter plans to offer a...

Walter Energy touts deal to form top pure-play met-coal miner

Vancouver-based Western Coal is holding exclusive negotiations with NYSE-listed Walter Energy, after the US-based company proposed a takeover that would value Western at about C$3,3-billion, the firms said overnight. Walter plans to offer a...

Western Coal mulls 'opportunities' outside North America

Vancouver-based Western Coal is looking at potential deals that could increase its coal resources, according to a statement from the company on Monday. Western Coal “is considering various value accretive opportunities outside of North America...

Mandalay gets green light for graduation to TSX

TSX Venture Exchange-listed Mandalay Resources has received conditional approval to list its shares on the TSX, the firm announced on Friday. The company is still waiting for confirmation of the date when the shares will start trading on the TSX,...