The company plans to cut its exploration budget and is considering asset sales to repay the debt it took on with the $13 bn buyout of Fording Canadian Coal Trust. Don Lindsay, CEO, Teck, Cominco, said: We intend to pay down a substantial portion in the next year from our operating cash flow, a cash tax refund of [...]
Articles Tagged "coal"
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Market News: Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. Apologies to Winston Churchill, but this quote is perhaps the best measure of the rocky state of the global financial [...]
A small Calgary company has proposed to construct Canada’s first coal-to-liquids (CTL) plant in northwest Alberta. Mark Montemurro, the president and CEO of Alter NRG Corp, the company that has put forth the proposal, said: As the first coal to liquids project in Canada, the project will be a significant, long-term contributor to Alberta’s economy [...]