Coal 101: A Look at Lignite

Here's a look at what lignite is, what it's used for and where it's mined.

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Company News

Prophecy Coal Corp. Looks to Increase Sales to Russia

Prophecy Coal Corp. Looks to Increase Sales to Russia

Prophecy Coal Corp. (TSX:PCY,OTCQX:PRPCF,FWB:1P2) announced its annual results for the 2013 fiscal year and provided an outlook for 2014. Highlights included $3.3 million in slaes revenue from its Ulan Ovoo mine, the sale of a coal shipment to a Russian customer with views to increase sales to Russia, and the completion of a feasibility study regarding the road from Prophecy's Ulaan Ovoo mine.

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Company Videos

Fortune Minerals (TSX:FT) Troy Nazarewicz Talks Anthracite Coal in BC

Fortune Minerals Ltd. (TSX:FT) Investor Relations Manager Troy Nazarewicz spoke to Resource Investing News at the Vancouver Resource Investment Conference about its two advanced projects: NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories, and the Arctos Anthracite project in British Columbia.

INN Video: Stefan Szary of Saturn Minerals Inc.

Saturn Minerals Inc. (TSXV:SMI) Director Stefan Szary spoke with Resource Investing News about his company's coal, oil and gas assets in Saskatchewan. Mr. Szary said that investors should consider Saturn Minerals because "we have one of the largest coal seams in Canada: 89 meters, shallow, right by a rail, and in the course of that, we have oil and gas seeps and 1500 square kilometres of oil and gas rights as well, in the Williston Basis."

Market News

B.C. Coal Miners Take a Hit With Falling Prices

The Globe and Mail reported that a slump in coal prices is hurting mining in British Columbia, causing U.S. based Walter Energy Inc. (NYSE:WLT) to cease mining operations in the province.

US Coal Businesses Facing Legal and Regulatory Changes

Forbes reported today that three major regulatory changes will go into effect this spring, forcing power plants that use coal to upgrade operations or close them down. US coal users will thus have to look at new, superior coal technologies to move forward.

Turnround Investor Moulton Expresses Interest in UK Coal Assets

The Financial Times reported that veteran turnaround investor Jon Moulton is considering a move to buy parts of UK Coal in the wake of news that two of Britain’s last coal mines may soon close. UK Coal is currently seeking a government bailout. According to the publication: UK Coal needs £20m, including £10m from the government, for [...]

Only One Coal Pit to Remain in Britain

The telegraph reported that Kellingley Colliery in Yorkshire and Thoresby Colliery in Nottinghamshire will close within the next year and a half as the mines are no longer commercially viable, leaving Hatfield Colliery in Ed Miliband’s Doncaster North constituency as the last remaining coal pit in Britain. Cheap imports of US shale gas have combined with a weak dollar to help make UK coal mines unprofitable.

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