Poten & Partners

Emerging market central banks the biggest official buyers of gold but will buy much more

Emerging market central banks have been the biggest official buyers of gold over the past year or so with total net central bank purchases the largest since 1964 last year at 445 tonnes. Central banks know that the only protection for their deposits...

Australia : Coal and amp;Allied takes on its largest intake of apprentices

Sixteen new apprentices have joined Coal & Allied's workforce in the company's largest intake to date. The electrical fitting and plant mechanic apprentices were selected from a group of applicants through local skills development and apprenticeshi...

United States : UNIVERSITY OF COLORADO DENVER inaugurates J.P. MORGAN commodities center

The University of Colorado Denver declared that it has inaugurated the J.P. Morgan Center for Commodities, after receiving a $5.5 million gift from the banking giant. It is stated that the center will offer innovative programs and academic work in the...

FGB Signs $350 million financing deal with Indonesian Coking Coal producers

First Gulf Bank (FGB)'s international business division has recently signed an agreement worth $350 million with PT Asmin Koalindo Tuhup (AKT), one of Indonesia's largest producers of Coking Coal. This deal is one of the largest bilateral Pre-Export...

Gold Fields acquires stake in Philippine mining project

Gold Fields has purchased a 40% stake in the gold-copper far Southeast project in the northern part of Luzon, Philippines.

Crowd expected Monday at Surry's coal plant hearing

Feb. 25--SURRY -- The Surry County Planning Commission will hold its new public hearing on Old Dominion Electric Cooperative's proposed coal-fueled power plant on Monday.

Cabinet Approves Establishment Coal Power Plant In Sampoor

The government has decided to proceed with the establishment of a thermal power plant at Sampoor in Trincomalee district of the Eastern province. Acting on a proposal made by Economic Development Minister Basil Rajapaksa, the cabinet of ministers...

Environmentalists contest coal company settlement

Dec. 10--Environmental groups have asked a judge to set aside a proposed settlement under which a coal company accused of thousands of water-quality reporting violations would pay the state $507,000. The settlement is too small and will not deter furth...

China to invest $10 billion in Pakistan energy

The Government of Sindh in Pakistan has signed four Memorandum of Understanding (MoUs) with two Chinese companies for investment in energy projects worth $10 billion.

CMIE cuts growth target for durables, yarn, coal sectors [India Business]

CHENNAI: Economic slowdown in the country is taking afirmer grip on the back of rising interest rates, stubbornly high inflation, global economic uncertainty, rupee depreciation and a policy paralysis. Centre for Monitoring Indian Economy (CMIE) said...

US coal industry pushing for new clean water bill

The West Virginia Coal Association is working shoulder to shoulder with FACES (the Federation for American Coal, Energy & Security) to encourage people in the coalfield region to ask their senators to either vote on H.R. 2018, the "Clean Water Cooperative Federalism Act of 2011" or a companion piece of legislation that could come up for a vote in the U.S. Senate soon.

Carbon-dioxide-devouring algae will soon be put to work at power plant

Oct. 22--Ninety-eight interconnected tubes of what appears to be a green, bubbling goo sit inside the greenhouse behind the Center for Applied Energy Research lab at the University of Kentucky. The goo might not look like much to a casual observer, but...

Kyrgyz parliamentarians question credibility of Minister of Natural Resources for situation in mining sector

The parliamentary committee for economic strategy, investment policy and tourism today questioned credibility of Minister of Natural Resources Zamirbek Esenamanov for the situation in the mining sector of Kyrgyzstan. MP Zamir Bekboev, chairman of the...

Acting PM Babanov says China's Full Gold Mining should pay compensations to deposit workers

China's Full Gold Mining should pay due compensations to workers of the deposit in line with the Labor Code of Kyrgyzstan, said acting Prime Minister Omurbek Babanov during visit to the mining plant at Ishatemberdy deposit in Ala-Buka rayon, Jalal-Abad

EDITORIAL: The big lie about coal

Oct. 02--Appalachia's coal miners and mine operators are scared, and for good reason. They see their livelihoods petering out with the coal that has been this impoverished region's main source of wealth since early in the last century. Now, under the

Kern's next big boon: Carbon capture tech

Oct. 02--It's encouraging to see that a pioneering low-carbon hydrogen power plant, proposed but then abandoned by BP and Rio Tinto, has been purchased by another company. Once built, the project, now owned by Massachusetts-based SCS Energy, could be the

Hitachi power systems america, Ltd. awarded contract from Westar Energy, Inc. For an SCR System

Hitachi Power Systems America, Ltd., a wholly owned subsidiary of Hitachi America, Ltd., today announced that it has been awarded a contract for the design and supply of a Selective Catalytic Reduction (SCR) System including Hitachi's proprietary catalyst from Westar Energy, Inc. for its Jeffrey Energy Center, Unit 1, located near St. Marys, Kansas.

Local coal mine burns underground

Sept. 10--FARMINGTON -- A fire in the underground San Juan Mine near Farmington continued to burn Friday evening, officials said. The fire ignited about 11:55 a.m. Friday and work crews immediately were evacuated. Everyone was accounted for, said

Consol Energy gets the last laugh on shale deal

Sept. 10--Eighteen months ago, Consol Energy Inc. bought Dominion Resources Inc.'s Appalachian natural gas properties for $3.5 billion, giving the coal producer a big position in the Marcellus Shale natural gas field.

Production and investment forecasts in the Namibian mining industry: uranium set to overtake diamonds as Namibia's largest foreign currency earner

Research and Markets (http://www.researchandmarkets.com/research/5cb789/production_and_inv) has announced the addition of Frost & Sullivan's new report "Production and Investment Forecasts in the Namibian Mining Industry" to their offering. This research

Group says Alberta coal-fired power plant approval rushed to beat climate rules

An environmental group filing a court challenge over the approval of a coal-fired power plant in northern Alberta says the provincial regulator deliberately rushed the go-ahead to help the company avoid new federal rules on carbon emissions.

Coal camp baseball field being restored

Legend would say there was little fun about working in the coal mines in the early part of last century. Much of what fun there was revolved around baseball.

Prophecy Coal feels vulnerable, adopts defence against hostile takeover bids

The board of Prophecy Coal Corp. (TSXV:PCY) has adopted a defensive plan to give the company's shareholders time to assess any takeover bid and to give its directors time to consider alternatives.

Opec sees slower growth in demand

World oil demand is likely to grow more slowly in 2012 because of a fragile global economy and deepening decline in consumption in Europe, the Organization of the Petroleum Exporting Countries (Opec) said in its first forecast for next year.� Oil