Coal Investing News» mining

SouthGobi Resources’ Soumber Coal Deposit Officially Registered with Mongolian Government

commodityreporter — Fri, 03 Jun 2011 19:35:45 +0000

SouthGobi Resources Ltd ( CVE:SGQ) announced that the Mineral Resource Authority of Mongolia (MRAM) has officially registered the company's Soumber coal deposit.

Australian Floods Shaking Up Global Coal Investments

damon — Thu, 06 Jan 2011 23:51:22 +0000

The massive disruptions to Australia’s coal mining in the past month—mainly due to the worst flooding seen in the region in 50 years—have been devastating for the industry, causing the price of coking fuel used in steelmaking to skyrocket.

Cliffs Wants Majority of Big Daddy Chromite Project

Reporter — Wed, 26 May 2010 00:02:49 +0000

Cliffs Natural Resources (NYSE: CLF), US coal and iron-ore miner, plans to acquire TSX-Venture Exchange-listed KWG Resources and TSX-Venture Exchange-listed Spider Resources for a combined C$186-million in the hopes of owning marjority of the Big Daddy chromite project. Cliffs Ferroalloys president William Boor is quoted saying: “However, obtaining control of Big Daddy would enable Cliffs [...]

Central Petroleum Announces Application in Pedirka Basin

Reporter — Tue, 25 May 2010 23:54:10 +0000

Central Petroleum Limited (ASX:CTP) has announced that its wholly-owned subsidiary company, Merlin Coal Pty Ltd has made three new applications under the Mining Act of the Northern Territory. The application covers 3,000 km2 in Pedirka Basin in central Australia. John Heugh, Central’s Managing Director is quoted saying: “Publically released results of the 2009-2010 coal seam [...]

Indonesia’s Coal 2010 Output Up by 20Mt

Reporter — Tue, 25 May 2010 00:43:19 +0000

Indonesian Coal Mining Association chairman talked to the Mining Association on Monday that Indonesia is expecting a total coal ouput to reach 320 million tonnes this year, compared to only 300-million tonnes it produced in 2009. Indonesian Coal Mining Association chairman, Bob Kamandanu is quoted saying: “Coal demand is bullish, especially from China and India [...]

Wallington Steps Down as Firestone MD

Reporter — Sat, 22 May 2010 02:27:47 +0000

John Wallington who joined Firestone in November to lead the bankable feasibility study (BFS) of the Waterberg coal project in South Africa has announced that it would now step down coal junior Firestone Energy MD. Firestone is quoted saying: “Wallington will continue to be a board member and will devote such time as is necessary [...]

AFS, Approved Fuel Supplier for BHP

Reporter — Sat, 22 May 2010 02:18:01 +0000

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 [...]

Macarthur Declines Peabody’s A$3.8bn Offer

Reporter — Thu, 20 May 2010 00:57:41 +0000

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’s Increase Shareholding in Beleverde JV

Reporter — Thu, 20 May 2010 00:51:13 +0000

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 [...]

Anglo Thermal Coal Will Use Methane Flare to Help Environment

Reporter — Fri, 14 May 2010 16:07:42 +0000

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 [...]