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PITTSBURGH, Nov. 23, 2015 /PRNewswire/ -- Consol Energy Inc. (NYSE: CNX) announced today that it has completed the scheduled semi-annual borrowing base redetermination under its revolving credit facility, resulting in the lending group reaffirming CONSOL's $2 billion borrowing base. About CONSOL Energy Consol Energy Inc. (NYSE: CNX) is a [...]
ST. LOUIS, Nov. 20, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has entered into a definitive agreement to sell its New Mexico and Colorado coal assets to Bowie Resource Partners, LLC for $358 million in cash, subject to customary working capital adjustments. Bowie will also assume approximately $105 million in related [...]
JOHANNESBURG, November 19, 2015 /PRNewswire/ -- Higher production and cash flow Gold Fields Ltd. (NYSE & JSE: GFI) today announced net earnings attributable to our shareholders of US$18 million for the September 2015 quarter compared with net earnings of US$12 million for the June 2015 quarter and US$19 million in the September 2014 quarter [...]
GIG HARBOR, Wash., Nov. 17, 2015 /PRNewswire/ -- LKA Gold Incorporated (OTCQB: LKAI) reports that it made a small shipment of 35.2 dry weight tons of crushed vein material to Klondex's Midas mill during the third quarter. The grade of the shipment was 2.01 ounces (62.5 grams) gold per ton. Year-to-date shipments made to Klondex were 118.3 tons at [...]
CLEVELAND, Nov. 17, 2015 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) announced today that it is temporarily idling iron ore pellet production at its Northshore Mining operation in Minnesota by Dec. 1, 2015. The Company stated that until its domestic customers' blast furnace capacity utilization rates improve, existing customer demand [...]
PERTH, Australia, Nov. 10, 2015 /PRNewswire/ -- FMG Resources (August 2006) Pty Ltd (the "Company"), a direct wholly-owned subsidiary of Fortescue Metals Group Ltd. ("FMG") (ASX: FMG) (OTC: FSUGY), announced today that it is offering to purchase (the "Tender Offer") for cash up to US$750,000,000 aggregate principal amount (subject to increase, the [...]
Lloyd I. Miller and entities related to him (the "Miller Holders") announced today that they have commenced discussions with other holders of the Gold-Linked Notes issued by Gran Columbia Gold Corp. (the "Company") to form an ad hoc group to oppose the Company's debt restructure proposal under the Business Corporations Act (British Columbia). The [...]
ST. LOUIS, Nov. 9, 2015 /PRNewswire/ -- Peabody Energy (NYSE: BTU) announced today that it has reached a resolution with the New York Attorney General's (NYAG) office regarding the company's disclosures involving climate change. Following an extensive eight-year investigation initially discussed in the company's 2007 disclosures, Peabody has agreed [...]
Quarterly Adjusted EBITDA of $135 million Strong operational performance drives improved cash margins in all regions Quarterly results include more than $2.1 billion in asset impairments due to deteriorating market conditions ST. LOUIS, Nov. 9, 2015 /PRNewswire/ -- Earnings Highlights Quarter Ended Nine Months Ended ...
BIRMINGHAM, Ala., Nov. 5, 2015 /PRNewswire/ -- Walter Energy, Inc. (OTC Pink: WLTG) ("Walter Energy" or the "Company") today announced that it has entered into an asset purchase agreement (the "APA") with a newly formed entity capitalized and owned by members of the Company's senior lender group, pursuant to which the new company will acquire [...]
CLEVELAND, Oct. 29, 2015 /PRNewswire/ -- Earnings of $0.19 per diluted share from continuing operations driven by significant year-over-year cost savings U.S. Iron Ore cash production costs3 decrease 16 percent to $49 per ton Asia Pacific Iron Ore cash production costs3 decrease 49 percent to $27 per ton Capital expenditures decrease 66 percent [...]
Patriot Coal, today announced that its Plan of Reorganization became effective today, marking the successful completion of the chapter 11 restructuring process. In conjunction with the Plan becoming effective, Patriot has completed the transactions to sell most of Patriot's operating assets to Blackhawk Mining, and to sell substantially all of its [...]