Newmont sells Ontario mine to Orla for $850 million
The addition of the Musselwhite mine to its portfolio more than doubles Orla Mining's gold output to 300,000 ounces per year.
Jan 25 (Reuters) – Canada’s Teck Resources said on Thursday it expects to lose coal production of about 200,000 tonnes due to an interruption at its Elkview coal mine in British Columbia.
This comes a week after the miner reported a “significant pressure” event at the mine.
Elkview will now produce steelmaking coal at about 80 percent of planned levels, Teck said.
The Vancouver, Canada-based company also expects repairing costs to not exceed the range of C$5 million ($4 million) to C$10 million.
($1 = 1.2319 Canadian dollars)
(Reporting by John Benny in Bengaluru)
