The U.S. Interior Department has said it will try to overturn a Bush administration rule that made it easier for coal mining companies to dump mountaintop debris into valley streams. The action is the latest blow to the coal industry, which defends mountaintop mining as a safer, cheaper alternative to traditional underground mining.
Kent Exploration Inc. has announced that it has filed for additional coal drill permits in the province. The Casat Lake project, says Kent, is one of five distinct Saskatchewan coal projects upon which the company intends to file for drilling permits in 2009. Drill permitting design is underway for the four remaining coal prospect targets [...]
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
Greencastle Resources Ltd. announced that the government of Manitoba has issued the Company a coal exploration permit located on the Manitoba/Saskatchewan border. For full story, click here
Black Beauty Coal Company gave a public notice of application for renewal #2 of mining permit at the Viking Mine. For full story, click here
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