Romanian Coal Miners Stage Wage Protest
Reuters reported that a protest is underway by coal miners in Romania, who are demanding higher pay.
Reuters reported that a protest is underway by coal miners in Romania, who are demanding higher pay.
Reuters reported that Australian coal mines have had to be shut down due to flood risk.
The Street reported that coal mine safety has improved, but there are still too many violations.
Platts reported that Coal of Africa (ASX:CZA) is starting to mine coking coal at its Vele colliery.
Reuters reported that coal miners in Russia have been approved to restart operations following a recent earthquake.
While 2011 was not as radiant as its long term coal projections, both thermal and coking coal markets saw consistent production and consumption growth.
Concerns of weakening US and Chinese growth and European instability have led to a drop in coal company share prices However, coal production levels and expansion investments remain robust on the back of continued emerging market growth.
Mining Weekly reported that Thelon Capital (TSXV:THC) is interested in consolidating Appalachian coal mines to increase profitability.
EastCoal Inc. (CVE:ECX) announced it now has the right to purchase all of the Menzhinsky Mine in the Ukraine.
North American Gem Inc. (CVE:NAG) reported that it has resumed mining operations at the North American Gem #2 Mine.
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