Coal Mining News

Ikwezi Mining focused on South African coal, IPO hits ASX boards at 10 pct premium

Ikwezi Mining (ASX: IKW) has been admitted to the ASX after a successful IPO which offered 150 million shares at $0.20 to raise around A$30 million.

BIV: Walter Energy says CEO’s departure will not affect B.C. mines

BIV reports: One of the province’s largest coal producers says it remains focused on its businesses in B.C., despite the fact that its CEO tendered his resignation three months after landing the job.

Mining safety changes challenged at Pike Inquiry

Department of Labour officials are expected to be grilled on changes to mining regulations as the Royal Commission of Inquiry into the Pike River disaster continues today.

Birth defects linked to coal smoke, pesticides: China study

Pregnant women who are exposed to coal smoke and pesticides are up to four times more likely to have babies with serious birth defects than women not exposed to these chemicals, a Chinese study has found.

Walter Energy leads rally in coal stocks

Shares of Walter Energy Inc. rose Monday after a Citi analyst began coverage of the coal company by assigning it a "Buy" rating, leading a rally among several coal stocks.

Commodities 2011 halftime report

Commodities don’t all perform in the same way. In any given year, a particular commodity will go gangbusters and outperform the group.

ESCO Corporation completes acquisition of Hydra Mining Tools International

ESCO Corporation announced today the completion of its strategic acquisition of Hydra Mining Tools International. Headquartered in the United Kingdom, Hydra is a preferred provider of underground mining cutting systems for the global coal mining market.

Sino Clean Energy to Control 60 pct Stake in Foshan Nan Hai CWSF Co., Ltd through Acquisition

Sino Clean Energy Inc. ("Sino Clean Energy" or the "Company") (Nasdaq: SCEI), a leading producer and distributor of coal-water slurry fuel ("CWSF") in China, today announced that it has entered into a non-binding, preliminary agreement to acquire 100% stake in Crown Energy Limited, an investment company registered in Hong Kong, which as its sole business holds a 60% stake in Foshan Nan Hai CWSF Co., Ltd. ("Foshan Nan Hai"). If after due diligence the Company decides to complete the acquisition, Sino Clean Energy will control a 60% stake in Foshan Nan Hai, a producer and distributor of CWSF in China.

Arch Coal (ACI): upgraded by Citigroup

Arch Coal (NYSE:ACI) upgraded to Buy from Hold at Citigroup. The stock closed Friday at $26.50 on volume of 6,058,200 shares, below the average daily volume of 7,814,229. In the past 52-weeks, shares of Arch Coal have traded between a low of $19.31 and a

Carbon tax threatens Vic economy: Baillieu (AAP)

The federal government's carbon tax will jeopardise the reliability of Victoria's power supply, drive energy prices higher and cost jobs, the state government says.Premier Ted Baillieu said the tax was a direct threat to the state's electricity supplies,

Two miners still missing after accident at Russian mine

Seventy six miners managed to escape from a Russian coal mine in the Arctic after a collapse caused by a geological event, one was rescued a day later but, two are remain unaccounted for. Two miners were missing in an Arctic Russian mine after an

BIV: Goldsource gets coal gasification technology through merger

BIV reports: Vancouver’s Goldsource Mines (TSX-V:GXS) has proposed a merger with a coal gasification company to kick-start shareholder value in its Border Coal project.

23 dead as rescue work ends in flooded China coal mine

Rescue work in a flooded coal mine in Guizhou Province has been terminated, 14 days after a flood trapped 23 workers underground. The rescue work in Niupeng Mine, located in Pingtang County, was halted at 4 p.m. Saturday. The miners were very unlikely to be alive, according to an assessment by rescue experts. Twenty one workers remain missing while two bodies have been retrieved from the mine. The area where the miners are believed to be has been completely submerged. While 406,000-cubic meters of water had been pumped out during the past 14 days, flood water was still pouring into the pit.

Low-energy coal in abundant supply – New Zealand coal boss

Strong export demand for high-energy coals is limiting the availability of coal to South Island consumers, according to a Christchurch coal company boss.

Rescuers bring to surface miner trapped underground after landslide at Russian coal mine

Rescuers have brought to surface the first miner, trapped underground as a result of a landslide that occurred at a coal mine in Russia's republic of Komi, Vorkutaugol spokesman Yevgeny Sukharev said on Sunday. Three miners had 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.

No rival bidders for Macarthur?

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?

Tribal clashes halt transport from historic Pakistan coal fields

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.

Coal-rich China seeks more in Mongolia

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 coal output to grow rapidly this year

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 trapped underground after landslide at Russian coal mine

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 gets ready to list

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.

AEP places carbon capture commercialization on hold, citing uncertain climate policy

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

Philippines conducts coal trade consultation

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.

Iran crude steel output surges to 20 million tons

Crude Steel production in Iran almost doubled to 20 million tons in the five years period from 2005 to 2010.

Duke Energy anticipates Ohio coal plant retirement

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.