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.
Continue reading "Obama To Reverse Bush Rule On Coal"
Thursday, April 23, 2009
Narmada Hydroelectric Power Corporation, a NHPC subsidiary, which is setting up a 1,000 MW thermal project in Madhya Pradesh announced to have approached the Coal Ministry for providing fuel linkage to the project. For full story, click here
Continue reading "NHDC has approached Coal Mining for fuel linkage"
Monday, April 13, 2009
Tata Power has planned to file an appeal in the Supreme after the Delhi High Court dismissed the Tatas’ petition on diversion of surplus coal from blocks allotted to the Sasan ultra mega power project. For full story, click here
Continue reading "Tata Power planned to move SC over R Power coal division"
Tuesday, April 7, 2009
Upgrade season is on and for coal and things seem to be heating up. Coal prices appear to be at a bottom and credit markets are beginning to work again, which should provide a positive catalyst for the industry. Cancellations of mining projects stabilized in February as well. To add to the positive news, J.P. Morgan on Monday upgraded mining firms Joy Global (JOYG) and Bucyrus International Inc. (BUCY) to neutral from underweight.
Continue reading "Coal Prices: Only Way Up"
Friday, April 3, 2009
Coal supplies seems to have improved in the last one month with 68 per cent of the power plants having stock of more than seven days, a development that could lead to lesser power cuts during the summer season. For full story, click here
Continue reading "Better Coal Stocks to reduce power cuts"
Friday, April 3, 2009
Coal India Ltd, the country’s leading coal producer, has assured supply of 313 million tonnes of the fuel to power firms under a long-term contract for 2009-10. CIL Chairman Partha S Bhattacharyya stated: We will be giving 307 million tonnes of coal under the long-term fuel-supply agreement to the facilities commissioned till March 2009. Additional [...]
Continue reading "Coal India earmarked 313 m.t for power firms in fiscal 2010"
Friday, March 27, 2009
China Datang Corp, one of the country’s five leading power generators, has been given the go-ahead to expand into the coal-mining business. For full story, click here
Continue reading "China Datang given a go-ahead to coal mining business"
Tuesday, March 24, 2009
Coal exploration and development company CIC Energy, which is developing the Mmamabula Energy Project in Botswana expects to commence supplying power to the grid in early 2013. For full story, click here
Continue reading "CIC Energy's Mmamabula Project to Power Grid by '13"
Thursday, March 19, 2009
The Power Ministry declared that it has enhanced the coal imports target of electricity generation units by about 15% to 28.7 million tonnes in 2009-10 to ensure that the utilities do not reel under any dry fuel shortage. For full story, click here
Continue reading "Govt. revises coal imports target by 15% for fiscal 2010"
Tuesday, March 17, 2009
Tata Power Company reported that the company has no intentions to sell its stake in two Indonesian coal mines owned by PT Bumi Resources For full story, click here
Continue reading "Tata Power turned down on selling stake in Indonesian coal mines"
CoalInvestingNews.com maintains a focus on Coal exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
The Coal Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
Get our exclusive independent commentary on coal trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Monday, April 27, 2009