Coal Company News Directory

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.

Rio Tinto Loses Legal Fight to extend Australian Coal Mine

Reuters reported today that Rio Tinto (ASX:RIO,NYSE:RIO) lost an appeal to the Australian Supreme Court to expand its Warkworth coal mine in New South Wales, Australia. Managing Director Chris Salisbury told Reuters that Rio Tinto will submit a revised plan for the mine that will include funding for woodland and employment programs and a 1,800 hectare National Park.

Challenger Signs LOI to Sell Barito Coal Project

Challenger Deep Resources Corp. ("Challenger" or the "Company") (TSX VENTURE:CDE) is pleased to announce that it has entered into a binding Letter of Intent ("LOI") for the sale of its Barito coal project in Central Kalimantan, Indonesia. Under the terms of the LOI the purchaser, a private Australian company, will purchase all of the outstanding shares of PT Bestindo Energy, a wholly-owned subsidiary of Challenger which holds all of the Corporations rights to the Barito project.