Proximity to China, once an asset for SouthGobi Resources, has become a disadvantage now that the country is curbing its use of the fuel.
Diamonds are Botswana's top export, but its reserves of the gems will reportedly be depleted by 2029.
In the final chapter of the Coal 101 series, an overview of sub-bituminous coal is presented.
Here's a look at what lignite is, what it's used for and where it's mined.
The Guardian reported today that two workers were killed in a mine collapse on Tuesday night. A wall collapsed in the New South Wales Austar coal mine just after 9 pm, trapping the two men.
MicroCoal Technologies Inc. (CNSX:MTI) closed the first tranche of its previously announced non-brokered private placement for US$277,963, consisting of an aggregate of 1,389,815 units, priced at US$0.20 per Unit.
Mining.com reported that BHP Billiton (ASX:BHP) is looking to build the largest underground thermal coal mine in the world, but could meet opposition from locals who have a stake in the proposed location at Liverpool Plains, Australia.
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.
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.
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."
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.
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.
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.
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 [...]
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.