Hunnu Coal (ASX: HUN) has announced its acquisition of 90% interest in the Tsant Uul Coal Project. The company aims to become a major producer of coal coming from the South Gobi coal province. The press release is quoted saying: “Based on this drilling the Company has estimated an Exploration Target* of 50Mt and 100Mt [...]
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Tuesday, May 25, 2010
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 [...]
Continue reading "Cliffs Wants Majority of Big Daddy Chromite Project"
Tuesday, May 25, 2010
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 [...]
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Monday, May 24, 2010
Eastern Star Gas Limited (ESG), an Australian gas and coal seam gas (CSG)(1) development company has announced their agreement with Hitachi, Ltd. (NYSE:HIT/TSE:6501, “Hitachi”) and Toyo Engineering Corporation (TOYO) to do a feasibility study for an electric-motor-driven Mid-Scale LNG plant in Newcastle in the state of New South Wales, Australia. Click here to access the [...]
Continue reading "Eastern Star Enters MOU with Toyo Engineering"
Thursday, May 20, 2010
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 [...]
Continue reading "Vale Increases Beleverde Coal JV Share"
Wednesday, May 19, 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 [...]
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Tuesday, May 18, 2010
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 [...]
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Tuesday, May 18, 2010
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 [...]
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Friday, May 14, 2010
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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Tuesday, September 29, 2009
Western Canadian Coal Corp (TSX:WTN) are to host its annual and special meeting of shareholders on September 29, 2009 at 10:00 am. At the Meeting, shareholders will be asked to approve a resolution to change the name of the Company to Western Coal Corp. Management and the Board of Directors believe the new name better [...]
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Wednesday, May 26, 2010