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CLEVELAND, Jan. 13, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today said it intends to announce fourth-quarter and full-year 2015 financial results before the U.S.-market open on Wednesday, January 27, 2016. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and [...]
Obtains interim approval of $275 million in debtor-in-possession (DIP) financing Mining operations and customer shipments to continue in the ordinary course ST. LOUIS, Jan. 12, 2016 /PRNewswire/ -- Arch Coal Inc. ("Arch" or the "company") (NYSE: ACI) today announced that the company has received approval from the United States Bankruptcy Court for [...]
TSX: ELD NYSE: EGO VANCOUVER, Jan. 11, 2016 /PRNewswire/ - Eldorado Gold Corp. ("Eldorado" or the "Company") confirms that it will implement significant changes to its investment plans in Greece going forward. In order to complete the construction and development of its mining projects (the "Kassandra Mines") in Halkidiki, northern Greece [...]
Elects to file Chapter 11 reorganization to facilitate financial restructuring Mining operations and customer shipments to continue uninterrupted Company has sufficient liquidity to support mining activities throughout restructuring process ST. LOUIS, Jan. 11, 2016 /PRNewswire/ -- Arch Coal Inc. ("Arch" or the "company") (NYSE: ACI) today [...]
Consol Energy announced today an updated 2016 capital expenditure and operational forecast for the E&P and Coal Divisions. In 2016, the E&P Division expects capital expenditures of $205-$325 million, which is $185 million lower than the previous guidance of $400-$500 million, based on the midpoint of the guidance. E&P Division capital expenditures [...]
CNX Coal Resources announced today that in response to the ongoing uncertainty in coal markets, it is reducing its expectations for 2016 coal sales to 4.4-5.2 million tons compared to our previous expectations of 5.0-5.4 million tons. The reduction in the sales guidance range reflects further weakness in coal markets due to unusually warm winter [...]
ST. LOUIS, Jan. 4, 2016 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has amended elements of its 2013 agreement with the United Mine Workers of America (UMWA) to resolve outstanding Patriot retiree healthcare benefit issues. This agreement improves Peabody's expected 2017 cash flows by $70 million. Since 2013, Peabody has [...]
CLEVELAND, Jan. 4, 2016 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) today announced that, under the terms of its 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), the final quarterly dividend will not be paid in cash. Instead, pursuant to the terms of the Series A preferred stock, the [...]
PITTSBURGH, Jan. 4, 2016 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) announced today that it will participate in the Goldman Sachs Global Energy Conference 2016 in Miami, Florida on Wednesday and Thursday, January 6-7, 2016. CONSOL Energy's President and Chief Executive Officer, Nicholas J. DeIuliis, and Chief Operating Officer of the E& [...]
NEW YORK, Dec. 31, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial markets, today announced Royal Nickel Corporation (or "RNC") (TSX: RNX; OTCQX: RNKLF), a Canadian mineral resource company, has qualified to trade on the OTCQX® Best Market. RNC begins trading today on OTCQX under [...]
OAKLAND, Calif., Dec. 29, 2015 /PRNewswire/ -- On December 15, Oro East Mining Inc. (OROE) (the "Company") sponsored and hosted the Guizhou and California Business Exchange Summit at its offices in Oakland. The Company hosted Ms. Xiang Hong Qiong, the Governor of the People's Government of Qiannan Prefecture from the People's Republic of China, Ms [...]
CLEVELAND, Dec. 22, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) has closed the sale of its remaining coal business, Pinnacle Mine in West Virginia and Oak Grove Mine in Alabama, to Seneca Coal Resources, LLC. Cliffs values the transaction at closing at $268 million based on Seneca Coal assuming all liabilities of the business [...]
