Encoal Energy and Gopher Land Services says Canadian-owned Cobalt Coal stopped paying in May, but "was still actively mining as of this week and is now effectively trespassing because Gopher owns the land where the mine portal is located".
The lack of excitement haunting the precious metals and mining shares markets over the past year is expected to change in the next few months, says Michael Fowler, senior mining analyst with Loewen, Ondaatje, McCutcheon.
Newspaper magnate David Black is proposing a $13 billion oil refinery to be built in Kitimat to process oil from the Northern Gateway pipeline before shipment.
Over the past three months, gold has been in a tight trading range between $1,540 and $1,640. However, several well-known hedge funds recently made large moves regarding the safe-haven asset.
A new report released by Greenpeace claims that China's insatiable demand for coal could imperil fragile water resources in the country's vast north-western hinterland.
Total US wind power capacity now sits at 50,000 megawatts, enough to power 12 million homes annually and according to energy officials nearly 70% of all of the equipment installed at US wind farms last year came from domestic manufacturers.