The last working coal mine on Vancouver Island has halted production indefinitely, marking the end of an industry that established towns, a railway, and some of the province's first labour unions, says a B.C. historian.
The US dollar has been on a tear. And for miners in certain jurisdictions, this has helped operators immensely, especially when coupled with lower fuel prices, which typically accounts for 15-20% of overhead.
Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.