Coal Dust Concerns Plague Fraser Surrey Docks Expansion Plan
Fraser Surrey Docks is struggling, but believes an expansion of its existing terminal will save it. However, environmental groups are doing their best to stop the plan in its tracks.
GVK, Adani Believe Hope Remains for Australian Coal
As major Australian coal producers cut costs and reduce production, GVK and India's Adani Enterprises are moving forward with a "$21 billion bet" on the country's Galilee Basin.
Will China’s “Control Coal” Policy Impact the US?
China's "control coal" policy may not bode well for the United States, which plans to ship the fossil fuel to Asia via West Coast terminals.
India’s Energy Shortage Draws Attention in Wake of Coalgate
Coal India's inability to supply adequate coal to India's electricity providers is causing power shortages in the energy-hungry nation.
Company News
Coal India Has $4 Billion to Spend on Australian Coal Assets
The Economic Times reported that Coal India Ltd. (BSE:533278) is "seriously considering" paying more than $4 billion to gain majority stakes in two unnamed Australian coal companies. If successful, the company will gain access to 28 million metric tons of high-quality thermal coal per year.
Three Firms Express Interest in Rio Tinto’s Coal Assets
The Wall Street Journal reported that Coal India Ltd. (BSE:533278), Shenhua Group Corp. and Aditya Birla Group have said they will bid for Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) Australian coal assets, according to "a person familiar with the matter." The companies must submit their first-round bids this week.
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."
GVK Gives Thiess Mining Operations Contract for Alpha Coal Project
The Economic Times reported that India's GVK Group awarded mining and services firm Thiess with the mining operations contract for its Australia-based Alpha thermal coal project.
Company Videos
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."
INN VIDEO: Fortune Minerals’ Carl Kottmeier Talks Anthracite Coal
At the 2013 Vancouver Resource Investment Conference, Carl Kottmeier, Project Manager for Fortune Minerals (TSX:FT) Arctos Anthracite Project, took some time to speak with INN Editor Vivien Diniz.
Market News
Mexico Investigating Child Labor in Coal Mines
MINING.com reported that over 20 coal pits have been shut down by Mexico's labor ministry as a result of an investigation into illegal child labor. Mines in Coahuila are known for being particularly unsafe.
Wyoming Governor Explores Coal Export Possibilities During Vancouver Trip
The Province reported that Matt Mead, governor of Wyoming, is visiting Vancouver to see if it will be possible to export more coal from his state to Asia through ports in the city. Currently, Wyoming exports only around 1 percent of its coal through Port Metro Vancouver.
Indonesian Coal Industry Facing Problems
Forbes reported that low coal prices, China's proposed import ban on low-quality coal and the Indonesian government's hunt for more tax revenue from the fuel are presenting problems for Indonesian coal miners.
Proposed Fraser Surrey Docks Coal Terminal Prompts More Health Concerns
CBC News reported that Dr. Paul Van Buynder, chief medical officer at the Fraser Health Authority, has called for an assessment of the health risks associated with the plan to build a coal terminal at Fraser Surrey Docks. The plan would see 4 million metric tons of coal from Montana and Wyoming transported down the Fraser River to Texada Island and then to Asia.
