Grande Cache Coal Corporation Mining News

Billion-dollar Alberta coal company goes bankrupt

A coal company in west-central Alberta that in 2011 sold for $1-billion is bankrupt, killing hopes that its mine might re-open in the first quarter.

Grande Cache Coal Announces Closing of Plan of Agreement

Grande Cache Coal Corporation (TSX:GCE) ("Grande Cache Coal" or the "Corporation") announced the completion today of a plan of arrangement (the "Arrangement") with 1629835 Alberta Ltd. (the "Purchaser"), a company indirectly jointly owned by Winsway Coking Coal Holdings Limited ("Winsway") and Marubeni Corporation. CALGARY, ALBERTA--(Marketwire - March 1, 2012) - Grande Cache Coal Corporation (TSX:GCE) ("Grande Cache Coal" or the "Corporation") announced the completion today of a plan of arrangement (the "Arrangement") with 1629835 Alberta Ltd. (the ...

Grande Cache says C$1bn buyout still on

TSX-listed Grande Cache Coal said on Thursday it had “no reason to believe” that a report alleging fraud at the Hong Kong-listed firm which agreed to buy it had merit.

Grande Cache Coal earns net income of $27.7 million during fiscal 2011

Grande Cache Coal announced its financial and operating results for the three and twelve months ended March 31, 2011. Net income for fiscal 2011 was $27.7 million ($0.28 per basic and diluted share) representing a 38% increase from $20.1 million ($0.21 per basic share and $0.20 per diluted share) in fiscal 2010. Fourth quarter net income was $5.1 million ($0.05 per basic and diluted share) compared to $1.4 million ($0.01 per basic and diluted share) in the same period last year.

Grande Cache Coal lowers production guidance for current financial year

Grande Cache Coal Corp. (TSX:GCE) lowered production guidance for its current financial year and raised its expected cost per tonne, the Estevan Mercury reported earlier this month.