The coal export giant, BHP Billiton’s Douglas-Middelburg optimisation (DMO) project has contracted AFS Group (Pty) Ltd to supply its fuel monitoring technologies and expertise to BHP. AFS have been supplying for all all of BHP’s collieries and will now include the DMO project site. AFS Group GM Pradil Maharaj is quoted saying: ” We oversee [...]
Vale do Rio Doce (CVRD), Brazilian mining giant, is planning to increase its Beleverde coal joint venture (JV) shareholding in Australia to 75.5% from a previous 51%. The news is confirmed by Aquila Resources Inc. (TSX: AQA), an exploration company with interests in coal and iron ore. Vale’s subsidiary Rio Doce Australia will be be [...]
Massey Energy Company, largest coal company in Central Appalachia, has released its Q1 2010 financial results. Don Blankenship, Chairman and CEO of Massey Energy Company is quoted saying: “Today’s Annual Shareholder Meeting reinforces the strength and continuity of Massey Energy to all stakeholders.” Click here to access the entire Press Release
Macarthur Coal Limited (ASX:MCC), an independent Queensland-based coal mining company, has declined US-based Peabody Energy’s take over and said that it could not take its current offer to shareholders. It was a downgrade offer of A$3,8-billion for Macarthur. Macarthur is quoted saying: “The proposed terms of a shareholder agreement tabled by Peabody in March 2010 [...]
Vale Inco is a wholly-owned subsidiary of Vale (Vale S.A.) of Brazil, has confirmed that it plans to increase its shareholding with partner Aquila Resources of Beleverde coal joint venture (JV) in Australia from 51% to 75.5%. When all feasibility studies and regulatory approval has been completed the Belverde project will start coal exportation by [...]
INDO MINES LTD (IDO:AU) has confirmed that it will start its Mangkok coal project, in Indonesia. Indo Mines has bought the project from Fireside Resources and is said to produce 10 000 t of thermal coal, or 300 000 t/y every month. MD Phil Welten was quoted saying: “The repayment will be used to facilitate [...]
ASX listed coal producer, Macarthur Coal Limited (ASX:MCC) has rejected US-based Peabody Energy’s trimmed down offer from A$16 a share to A$15 a share. The company cannot make this offer to shareholders. Peabody’s reason for the trim down is due to the 40% super profits tax by the Australian government. Macarthur was quoted saying: “The [...]
Korea Electric Power Corporation (KEPCO), a Korea-based integrated electric utility company purchased a total of 3.13 million tonnes of Moolarben coal. These will be used for shipping between April 2010 and March 2011. KEPCO owns five South Korean utilities in Moolarben. The term of procurement was made at $92.60 per tonne on a free-on-board (FOB) [...]
One of the largest export coal terminals in the world, Richards Bay Coal Terminal (RBCT)’s exports to India from South Africa has fallen from 2.5-million in March to 1.7-million tonnes in April. The fluctuation is due to rail capacity constraints. One exporter is quoted saying: “The Indian demand is still very strong and steady, there’s [...]
Anglo American Thermal Coal will use methane flaring to mitigate climate change. Anglo Thermal Coal CEO Norman Mbazima stated that this is a “proactive technological response” so that the company can minimize the company’s carbon footprint. The operation will use solar-power for its flare communication system. The company has confirmed that such flaring is more [...]
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