Coal Mining News

Arch Coal sues EPA over veto of W.Va. mine permit

A subsidiary of mining giant Arch Coal Inc. sued the Environmental Protection Agency on Friday over the planned veto of a water quality permit for West Virginia's largest surface mine.

China coal mine rescue 'miracle' – 114 miners saved

Rescuers have saved 114 miners from a flooded coal mine under development after a week - and are still looking for another 39.

EPA guidance for coal mining permits impacts jobs and economic activity throughout Appalachia

“America’s coal mining communities are deeply concerned by the impact of policy announced by EPA on coal mining permits, employment and economic activity throughout Appalachia. This is a sweeping regulatory action that affects not only all coal mining in the region, but also other activities with the potential to impact Appalachian stream quality, according to EPA [...]

AECOM wins Kestrel mine extension contract

International Longwall News reports that AECOM Technology Corporation has won a $US12 million design contract from Rio Tinto Coal Australia as part of its Kestrel mine extension project in Queensland….more at International Longwall News

Inhalable dust raises health concerns for coal miners

International Longwall News reports that THERE is an alarming and increasing level of dust being ingested by coal miners in New South Wales, potentially leading to long-term health problems….more at International Longwall News

EPA veto of Spruce No. 1 coal mine water permit – a ban too far?

Mountaintop removal coal mining continues to raise controversy in the US. The latest row started last Friday when the EPA announced its proposal under the Clean Water Act to significantly restrict or prohibit mountain top mining at the Spruce No. 1 surface mine in Logan County, West Virginia. Spruce No.1 mine is one of the [...]

Moolarben to tap into Ulan water

International Longwall News YANCOAL Australia plans to amend the stage 1 development of its Moolarben project in the Upper Hunter Valley of New South Wales to establish a dewatering borefield in preparation for longwall mining […]

Double contract win for Finning Canada

Finning International has announced that its Canadian division has been awarded a renewal of its current lease agreement with Teck Coal Ltd

Rescue crews search for 153 workers trapped in Chinese coal project flooding accident

For the second time this month, workers are trapped underground as a result of accidental flooding in state-sanctioned Chinese coal projects now under construction.

NLT NetPort-able IS Node Receives Approval by MSHA (Mine Safety and Heath Authority) in the US for Safe Use in Coal Mines

Toronto, Canada – NL Technologies (NLT) announces the approval by MSHA for the newest addition to their IS approved family of Wi-Fi access points and network client devices supporting communications and tracking solutions for US […]

Tenova TAKRAF refurbishes bucket wheel excavator for Kosovan coal mine

Tenova TAKRAF has refurbished an SR 1300 large bucket wheel excavator that was built more than 27 years ago by the company. Work was carried out on time and in budget and the machine is […]

Big hurdles still before China

International Longwall News reports that THE Chinese steel industry still needs to overcome some big structural demand hurdles and while the supply side can still surprise on the upside, demand is questionable, according to London-based […]

Gladstone coal terminal move is welcome

International Longwall News reports that A DRAFT decision by the Australian Competition and Consumer Commission to close the Gladstone coal terminal is welcome and expected, industry insiders have told International Longwall News….more at International Longwall […]

Next step for Wongawilli’s Nebo longwalls

International Longwall News rep0rts that NEW South Wales coking coal producer Gujarat NRE Minerals is awaiting federal environmental approval to kick off the small Nebo longwalls at its Wongawilli operation southwest of Wollongong….more at International […]

Emerging Markets on Buying Spree

It’s getting to be common news for a Chinese company (usually with links to the government) to buy a foreign commodities producer to secure supplies of coal, oil, iron ore and other assets to fulfill […]

Arch invests in technologies to improve coal use and cut emissions

Arch Coal plans to invest $3.0 million in ADA to fund near-term growth opportunities. ADA has been successful at developing technologies that improve the performance of coals from Wyoming’s Powder River Basin (PRB). In addition to flue gas conditioning chemicals used to aid in the collection of ash from PRB coals, it also developed a [...]

Sustainable development of coal seam gas projects

Sinclair Knight Merz (SKM), an engineering and project delivery firm, says an upfront investment in environmentally and socially sensitive design is likely to pay dividends for the coal seam gas (CSG) sector. SKM: “CSG is an important growth industry for Australia and Asia, particularly China, India, and Indonesia. It has the potential to underpin significant [...]

Coal Handling Reclaiming : The mobile hopper solution

Telestack Limited continue to excel in providing innovative mobile coal handling solutions to its worldwide customer base. Telestack mobile materials handling systems are built to last, combining strength with the highest quality components available on […]

Fletcher Beam Setter increases slope development safety in coal mines

After hearing a request from a safety-conscious customer, the Engineering Department at J. H. Fletcher & Co. has developed a machine that dramatically increases worker safety during mine slope beam installations. It eliminates much of the need for heavy lifting and awkward reaching that can result in injury. In the past, workers hefted large beam [...]

Emerging Markets on Buying Spree

It’s getting to be common news for a Chinese company (usually with links to the government) to buy a foreign commodities producer to secure supplies of coal, oil, iron ore and other assets to fulfill […]

Treating acid mine drainage from past coal mining activities

Skelly and Loy has designed and permitted the first acid mine drainage (AMD) treatment system in the Blacklegs Creek Watershed in southern Indiana County. It is designed to reduce iron and acidity loading of the Kolb discharges and consists of a wet seal to capture the underground mine discharge, piping network, innovative aeration system and [...]

Largest mining motor in the world on Joy AFC for Xstrata Coal in Australia

ATB Morley says the 11 kV motor it recently supplied to Xstrata Coal “is the very first of its kind; historically most large electrical motors supplied for underground coal mining have been manufactured suitable for a maximum voltage of 3,300 V. [This] motor weighing in at 10 t currently stands as the largest underground mining [...]

Coal shipments restart at Australia's Dalrymple terminal

The terminal was closed last week ahead of a cyclone hitting the eastern coast of the country

Emerging Markets on Buying Spree

It’s getting to be common news for a Chinese company (usually with links to the government) to buy a foreign commodities producer to secure supplies of coal, oil, iron ore and other assets to fulfill the country’s ambitious growth plans. China is not alone on this shopping spree. We came across some new data, for example, that shows a clear trend of emerging-market countries increasing their ownership stakes of companies in the developed world. This is yet another indicator of the shifting balance in global wealth from the developed toward the emerging economies. China, the Middle East and India led a rebound in the number of emerging-market entities acquiring developed-world companies (E2D), according to KPMG’s Emerging Markets International Acquisition Tracker (EMIAT). EMIAT showed that 102 E2D transactions were completed in the second half of 2009, compared to 78 such deals in the first six months of the year. The chart above shows the trend for both E2D deals and developed-market companies buying assets in emerging nations (D2E), which have trailed off since the start of the Great Recession. A little more detail on the EMIAT: it covers 12 developed economies and 11 select emerging economies, and for a deal to count, the buyer must buy at least 10 percent of the overseas company. In 2009, Chinese companies made 50 acquisitions in the developed markets (which include Hong Kong), the highest number since EMIAT began in 2003. There were 86 deals going in the opposite direction, the lowest figure recorded by KPMG. China’s outbound deals last year included Sinopec’s purchase of Addax Petroleum for $7.3 billion, Yanzhou Coal’s $2.9 billion deal for Felix Resources and PetroChina’s outlay of $1.7 billion for a stake in Athabasca, the Canadian oil sands producer. PriceWaterhouseCoopers estimates that China’s overseas deals may grow 40 percent this year – already its national oil company is aiming to buy half of a major producer in Argentina for some $3 billion, and it has its eye on a number of other targets. For India, last year’s numbers were 25 and 73, respectively. India is the leading E2D dealmaker since 2003, with more than 400 completed transactions. Brazil was a laggard in this trend in 2009: just two E2D deals and 20 D2E deals. KPMG says it noticed an especially strong trend involving commodity and other resource-related acquisitions in the second half of 2009. It also predicted that oil-fueled Middle East sovereign wealth funds (Abu Dhabi’s alone is estimated at $600+ billion) will soon get busier.  Once this occurs, KPMG says, expect the spread between D2E and E2D to narrow dramatically. The major emerging markets are growing much faster than the developed markets.  Companies in these developing countries have used this leverage to build a stronger supply chain of natural resources that will allow them to maintain this brisk pace when the competition for scarce resources heats up. This is just one of the ways that China and other emerging markets are tilting the global economy so more of the world’s wealth flows their way. By clicking on the link, you will be directed to the KPMG website. U.S. Global Investors does not endorse all the information supplied by this website and is not responsible for its content. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. The following securities mentioned in this commentary were held by one or more of U.S. Global Investors’ clients as of 12-31-09: Yanzhou Coal Mining Co. Ltd., PetroChina Co. Ltd.

Industry to mark regulation anniversary

International Longwall News reports that THE US Department of Labor has invited the entire mining community to commemorate the 40th anniversary of the Federal Coal Mine Health and Safety Act of 1969 next week in […]