Teck selling Quintette operation

Just days before Christmas, Teck Resources reportedly inked a deal with Conuma Resources to sell its closed Quintette coal mine in northeastern British Columbia, Canada for C$120 million. According to Canadian Press, the cash transaction also includes an ongoing 25% net profit interest royalty that will be payable once the buyer’s investment in the mine has been recovered. Conuma, a…

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Canada blocks Sukunka project

Glencore’s plan to develop the Sukunka steelmaking coal project in Western Canada has hit a major hurdle: the government’s rejection. “After careful deliberation, the Government of Canada has determined the significant adverse environmental effects of the proposed Sukunka coal mine project, an open-pit metallurgical coal mine located near Tumbler Ridge, British Columbia, could not be mitigated,” the government said. Similarly,…

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