Diamonds are Botswana's top export, but its reserves of the gems will reportedly be depleted by 2029. Coal may end up being the country's saviour.
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.
Coal Investing News recently spoke with David Schwedel, founder and lead investor of Coalview, about why it's important to recover coal fines and how it's done.
Bloomberg reported that under a proposed settlement with the US government regarding "toxic discharges from its mines in five states," Alpha Natural Resources Inc. (NYSE:ANR) has agreed to pay a $27.5-million fine and spend around $200 million on implementing wastewater treatment systems.
Arch Coal Inc. (NYSE:ACI) announced that privately owned Blackhawk Mining LLC has purchased its Hazard subsidiary for $26.3 million in cash, "prior to post-closing adjustments."
Celsius Coal Ltd. (ASX:CLA) announced that it has signed a non-binding memorandum of understanding (MOU) with Xinjiang Bayi Iron and Steel Group and China Minmetals Group, both of which are potential offtake customers.
Universal Coal plc (ASX:UNV) announced yesterday that production has started at its South Africa-based Kangala coal 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.
Mining Weekly reported that Andrew Mackenzie, CEO of BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,LSE:BLT), believes that although the US shale gas industry is growing quickly, coal will continue to be the most dominant source of fuel worldwide for the coming years.
Bloomberg reported that although lawmakers in the Norwegian capital of Oslo are considering banning their country's sovereign wealth fund from investing in coal companies, Norway has nevertheless opened a new coal mine on the Svalbard archipelago.
Reuters reported that in 2013, Colombia put out 85.5 million tonnes of coal, a 4-percent decrease from 2012 and below the country's production target. The decline was mainly due to strikes at the two top miners in the nation.
Reuters reported that Mozambique's deputy mines minister, Abdul Razak Noormahomed, said Tuesday that the country may raise royalty taxes on coal, a key export.