In 1951, US president Harry Truman fired General Douglas MacArthur at the height of the Korean War. Today, Peabody Energy and Arcelor Mittal officially begin the campaign – codenamed Project Truman in a nod to US military history– to take over Macarthur Coal. The critical question is: are there any rival bidders in the wings?
Coal Mining News
After rejecting a deal reached by fellow tribesmen, hundreds of Marri tribesmen backed by their chief blocked transportation of coal from Chamalang in Balochistan Pakistan to other parts of the country on Saturday. The blockade follows weeks of deadly skirmishes for control of the coal fields that hold recoverable reserves more than 500 million tonnes. The high-quality Chamalang coal mines were first discoverd in 1885 (see historic map) when the country was under British rule and a 30-year bloody war between the Pashtoon Luni and Marri tribes over the recoverable reserves were ended only after the Pakistan Army intervened in 2006 and mining could restart. The latest dispute is between the Marri leader who signed the peace treaty with the Luni and the leader of the separatist movement in Balochistan.
China is so big that even if they cut their economy in half they will still need what we have here, said Od, a former Mongolian diplomat in Washington who, along with his younger brother, now controls the Mongolian Mining Corp.
China's coal output will grow rapidly this year to a total of 3.88 billion tons, according to Dong Yueying, deputy director of economic operations from China Coal Industry Association. Currently, China's coal output generally meets demand, as coal-rich
Three miners have been trapped underground as as a result of a landslide that occurred at a coal mine in Russia's republic of Komi on Saturday, emergencies services said. Seventy miners out of the 73 who were working at the Severnaya mine when the landslide occurred at around 6 pm local time (14:00 GMT) during a shift change. The three trapped miners are alive, an emergencies services official said. "Rescuers have established connection with one of the trapped miners," he said. "We know for sure that he is alive. He made it clear by rapping that his two colleagues are also alive."
Forbes Coal, the Canadian bituminous coal and anthracite producer which plans to list on the JSE later this month, wants to triple production at its two projects in Dundee, KwaZulu-Natal, to take advantage of booming demand.
American Electric Power (NYSE: AEP) is terminating its cooperative agreement with the U.S. Department of Energy and placing its plans to advance carbon dioxide capture and storage (CCS) technology to commercial scale on hold, citing the current uncertain
To get the pulse of coal traders and end users and to address issues and concerns on trade and use of coal in the country, the Department of Energy (DOE) recently conducted a whole day workshop and consultation for the purpose in Zamboanga City.
Crude Steel production in Iran almost doubled to 20 million tons in the five years period from 2005 to 2010.
Duke Energy Ohioanticipates it will retire all six coal-fired generation units at its W.C. Beckjord Station, southwest of Cincinnati, by Jan. 1, 2015, as a result of a proposed U.S. Environmental Protection Agency (EPA) rule.
Xinergy Ltd., (TSX: XRG and XRG.WT) ("Xinergy" or the "Company"), a US Central Appalachian producer of high quality coal, today announced that its wholly owned subsidiary, Xinergy Corp. has signed a long term coal supply agreement (the "Agreement") with J.P. Morgan Ventures Energy Corporation ("J.P. Morgan") for the delivery period beginning January 1, 2012 through December 31, 2014.
Metinvest (“the Group”), a vertically integrated metals and mining group of companies, today announced plans to increase its in-house production of coking coal, following the commissioning of Affinity Mine, owned by its subsidiary United Coal Company.
A coal mining company has undertaken not to conduct any physical mining or prospecting operations in Witbank which may result in underground fires.
Peabody Energy and ArcelorMittal note the announcement by Macarthur Coal Ltd which states that the parties have agreed to a process for due diligence.
Continental Coal Ltd director Jason Brewer indirectly bought 250,000 shares on-market on July 15, 2011.He holds and has interests in 1,200,000 shares and 50,000,000 options.
In August 2010, when Julia Gillard was campaigning in the national election, she made a promise: "There will be no carbon tax under the government I lead," she said to an Australian television channel.
Environment groups trying to stop the construction of a new coal-fired power station in Victoria say it would add millions of tonnes to Australia's annual greenhouse gas pollution.
Fitch Ratings said in a statement that global growth in steel demand and production is expected to slow during H2 2011 as developing nations fight inflation and developed countries tackle fiscal instability.
Falls among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the FTSE 100 index was down 59.48 points.
Gloucester Coal has completed two acquisitions designed to create a leading Australian coal miner worth about $2 billion. Gloucester said it had completed the purchase of Donaldson Coal Holdings, which owns three NSW coal mines, from Asian commodities trader Noble Group.
The Federal member for Wyong has called on the State Government to ban all coal mining in the region. Dobell Federal Labor MP Craig Thomson said the government must legislate “to stop coal mining once and for all in the valleys of Wyong Shire”, according to the Express Advocate.
Changes have been made to the planning and performance reporting criteria for the New South Wales coal and coal seam gas industries.
A Canadian coal junior has teamed up with one of the world's largest steel producers to move the Mount Klappan Metallurgical Coal Project in northern British Columbia into production. Fortune Minerals said yesterday that it has formed a joint venture with POSCO Klappan Coal Ltd. and POSCO Canada Ltd. (POSCAN) — a subsidiary of South Korean steelmaking giant POSCO.
Business Live reports the outlook for the South African mining sector has worsened in recent weeks, economists from Nedbank said on Thursday. According to Statistics SA, growth in mining production slowed to 9.6% year on year (y/y) in May from 12.0% y/y in April. Gold output fell by 5.8 % y/y and was down by a seasonally adjusted 3.6% month on month (m/m), while non-gold output was dragged down by declines in platinum group metals, which declined 9.9% m/m, and coal, which was 6.3% lower m/m.
Richard Burton appeared on Dick Cavett's show in 1980 and told the story about his family of Welsh coal miners. Listen to a riveting history about those who loved the mines and what that work cost them.