Latest news with #coalMining
CTV News
11-06-2025
- CTV News
100th Davis Day held in Cape Breton on anniversary of coal miner's death
The 100th anniversary of Davis Day is marked at the Davis Square in New Waterford, N.S. (CTV Atlantic / Ryan MacDonald) Davis Day is commemorated every year in Nova Scotia on June 11 to remember a deadly riot that proved to be pivotal for workers' rights in Canada. One hundred years to the day after the death of Cape Breton coal miner William Davis, hundreds of people gathered at Davis Square in New Waterford, N.S., Wednesday to mark the centennial. A large contingent of Davis's descendants were in attendance, including a great-grandson who bears his name. 'My dad was William Davis, I'm William Davis, my son is William Davis, my grandson is William Davis,' said Bill Davis, who came from Connecticut for his first Davis Day since the 80th anniversary in 2005. 'I think he'd be very proud of all the family that was here today, and the last few days, how we've come together as a family to celebrate him and remember him,' said Davis's granddaughter Norma MacDonald. Davis Day The 100th anniversary of Davis Day is marked at the Davis Square in New Waterford, N.S. (CTV Atlantic / Ryan MacDonald) William Davis, a 37-year-old father of nine, was shot and killed by coal company police during a workers' protest. Davis Day has been marked each June in coal mining communities across Nova Scotia ever since – to not only honour the miner's memory but to raise awareness about safety on the job and workers' rights. In 1985, on the sixtieth Davis Day, ATV News reporter Greg Boone – who attended Wednesday's centennial commemoration – spoke with William Davis' son Bobby Davis at the coal miner's grave in Union Grove Cemetery. The Bobby Davis said he was thirteen years old at the time his father was shot. '(A man) just told me 'Come on with us,' and when he got us home he told us all that there was an accident and father was killed,' Bobby Davis told Boone. Davis Day The 100th anniversary of Davis Day is marked at the Davis Square in New Waterford, N.S. (CTV Atlantic / Ryan MacDonald) On Wednesday, those who worked in the coal mines spoke about how Davis and others who fought for miners' rights helped lead to more equitable wages and safer working conditions. 'There was some major accidents and yes people lost their lives but there were other incidents where some were saved on account of the safety measures they took in the mines,' said John MacLeod, a retired coal miner and current member of the Men of the Deeps. Though coal mining in the Maritimes isn't the industry it once was, Nova Scotia NDP leader Claudia Chender said some of the lessons from that fateful day 100 years ago still apply. 'We heard about the Westray Law at the federal level and the need for that law to actually be used, so I think we remember all of that on a day like today,' Chender said. Click here for a photo gallery of a ceremony for the 100th anniversary of Davis Day at the Davis Square in New Waterford, N.S. For more Nova Scotia news, visit our dedicated provincial page
CTV News
06-06-2025
- Business
- CTV News
A look at selenium as exploratory drilling gets green light
Calgary Watch Recent approval for exploratory drilling at the Grassy Mountain coal mine has brought a lot of public debate, specifically over the potential for selenium.
E&E News
12-05-2025
- Politics
- E&E News
House to vote on land, water, fisheries and coal bills
The House will vote on a slate of natural resources and water bills this week, including one dealing with mine reclamation and another to expedite certain Interior Department appeals. H.R. 167, the 'Community Reclamation Partnerships Act,' from Rep. Darin LaHood (R-Ill.), would protect third-party groups from liability if they take part in cleaning up old, abandoned coal mines. LaHood's bill would amend the Surface Mining Control and Reclamation Act of 1977 to authorize states and nongovernmental entities to work together to restore land and water affected by coal mining before the law passed. Advertisement As it stands, states are responsible for cleaning up old mines using money from the abandoned mine lands fund, which is supported by fees that coal operators pay. Groups that want to pitch in are often deterred by potential liability.
Yahoo
12-05-2025
- Business
- Yahoo
Dilip Buildcon Ltd (BOM:540047) Q4 2025 Earnings Call Highlights: Strategic Debt Reduction and ...
Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Dilip Buildcon Ltd (BOM:540047) has successfully reduced its consolidated debt by over INR 2000 crores, showcasing strong financial management. The company has achieved significant progress in its coal mining operations, exceeding production targets with 18.5 million metric tons against a target of 15 million metric tons. Dilip Buildcon Ltd (BOM:540047) is strategically positioned to capitalize on upcoming infrastructure opportunities, including roads, airports, and tunnels, with a robust order pipeline. The company has maintained a strong focus on debt reduction, with plans to completely pay off DIPL debt and reduce standalone debt by INR 500 crores this financial year. Dilip Buildcon Ltd (BOM:540047) has a diversified portfolio, including roads, highways, irrigation, metro railways, airports, tunneling, and coal mining, providing multiple revenue streams. The company experienced a 21% decline in standalone revenue for the quarter and a 15% decline for the full year, reflecting challenges in order inflow. Dilip Buildcon Ltd (BOM:540047) faced muted order inflows over the past 24 months, with only INR 2,100 crores of new orders in FY25. The company anticipates a 5-7% decline in standalone revenue for the current fiscal year, indicating ongoing challenges in revenue growth. Execution of new orders is expected to take time to ramp up, potentially delaying revenue realization. The competitive landscape in the road sector has been challenging, with smaller players winning a significant share of projects, impacting Dilip Buildcon Ltd (BOM:540047)'s order book. Warning! GuruFocus has detected 7 Warning Signs with BOM:540047. Q: Can you provide an update on the order inflow and the sectors you are targeting? A: We have bids in place for about INR 10,000-15,000 crore worth of projects, with expectations of securing orders worth INR 15,000-20,000 crore this year. We are targeting a mix of sectors including roads, highways, irrigation, water distribution, metro railways, airports, tunneling, and coal mining. (Rohan Suryavanhi, Head of Strategy and Planning) Q: What are the expectations for revenue and margins for FY26? A: We anticipate a 5-7% decline in standalone revenue for FY26, with operating margins around 10-11%. However, we expect consolidated revenues to grow by 10-15%. (Rohan Suryavanhi, Head of Strategy and Planning) Q: How is the company addressing the debt levels, and what are the plans for debt reduction? A: We have reduced debt by INR 300 crore at the consolidated level and plan to reduce standalone debt by INR 500 crore this financial year. Our goal is to become a net debt-free company within the next two years. (Rohan Suryavanhi, Head of Strategy and Planning) Q: Can you elaborate on the coal mining operations and future plans? A: Our coal mining operations have exceeded targets, achieving 18.5 million metric tons against a target of 15 million metric tons. We plan to construct a coal handling plant with a CapEx of INR 850 crore, expected to be completed in two years. (Sanjay Kumar Banal, CFO) Q: What measures is the government taking to address challenges in the road sector, and how does it impact your strategy? A: The government is revising qualification criteria for EPC projects to ensure better project execution and quality. This is expected to moderate competition and improve project progress, aligning with our strategy to focus on quality and execution. (Rohan Suryavanhi, Head of Strategy and Planning) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
