Coal Mining News

Zambia coal power plant construction to start in 2011

Singapore's Nava Bharat Pte plans to start construction of a 300 megawatt (MW) coal-fired power plant in Zambia by the end of 2011 and complete it by 2014, company director Ashwin Devineni said on Saturday. "We have finalised the detailed layout of the power plant initially for 300 MW and later for an additional 300 MW," Devineni said in a statement.

Coal India braces for fresh bids in Mozambique

MAPUTO: Coal India, one of the world's largest coal miner, has plans to call for fresh bids for exploratory drilling at two coal blocks in Mozambique's Tet province, local media reports said here on Saturday. The Indian state-run company secured

Top officials raid ‘problem mine’

Operations came to a grinding halt when environmental and water affairs officers pounced on the Shanduka Waterlands coal mine in Middleburg on Friday. The raid, carried out by Deputy Minister of Defence and Military Veterans Thabang Makwetla, Deputy

India environment ministry clears six coal projects in Orissa

Indian Express reports the Environment Ministry today gave its clearance for mining in six coal blocks in Orissa that are planned to feed coal to three crucial power plants, including one ultra-mega power project (UMPP). Five of these six coal blocks fell in ‘No-Go’ areas — a reference to those forest areas which are out of bounds for coal mining —because of which environmental clearance was being held up. The permission came after all the three power projects agreed to substantially reduce the forest area that will be damaged by coal mining.

Baynes Sound coal mine opposition called 'unprecedented'

Nearly 2,000 people submitted comments about the proposed Raven underground coal mine in Baynes Sound during the 30-day public comment period that ended Monday — an unprecedented number in a provincial environmental assessment process, says the Wilderness Committee.

Australia's Cougar Energy charged over well rupture

The Queensland government has laid charges against a mining company for allegedly contaminating groundwater with cancer-causing chemicals. The state's Department of Environment and Resource Management has laid charges against Cougar Energy after a gas well ruptured at a site south of Kingaroy where the company was trialling underground coal gasification.

Walter Energy announces resignation of Keith Calder

Walter Energy (NYSE: WLT) (TSX: WLT), a leading producer of metallurgical coal for the steel industry, announced today that Keith Calder has tendered his resignation as Chief Executive Officer and a director, effective July 31, 2011. The Board has named Board member Joseph B. Leonard to succeed Mr. Calder as Interim Chief Executive Officer at that time. Mr. Leonard served as Walter Energy's Interim Chief Executive Officer from March 2010 through March 2011. The Board has engaged Spencer Stuart to initiate a search, within Walter Energy and externally, for a permanent Chief Executive Officer.

Is China the world’s new clean coal leader?

A new collaboration in Colombia is the latest evidence that China is becoming a world-leading innovator in clean coal. Chris Lo talks to Colombia Clean Power & Fuels COO Graham Chapman about partnering with Chinese firms and the country's influence over the industry.

Tigers Realm Coal $400m IPO roadshow to kick off despite new listing doldrums

Always a blue-sky kind of guy, Oxiana founder Owen Hegarty once said few things on this planet are more valuable than an Oxiana share. Investors can expect a similar level of enthusiasm when Credit Suisse launches an investor roadshow for a $400 million public listing of Hegarty's Tigers Realm Coal next week.

Atlantic Coal pays $2.1m to clear General Electric Capital loan

CATEGORY: AIM BULLETIN SECTOR: MINING Thu 30 Jun 2011ATC - Atlantic Coal Latest Prices Name Price % Atlantic Coal 0.48p +5.43% $25.57 0.00% 854 +0.85% Mining 25,847 +0.86% LONDON (SHARECAST) - Pennsylvania-based coal miner Atlantic Coal has agreed to

W.Va. mine faked safety logs before fatal blast

BEAVER, W.Va. Massey Energy pressured workers at a West Virginia coal mine where an explosion killed 29 men to omit safety problems from official reports for the government while the company kept another set of accurate books for itself, government

NTPC to invest Rs 6,600cr in coal-based power project

State-run NTPC would invest around Rs 6,600 crore for setting up a coal-based power project at Kanpur, on which the work is expected to start from January 2012. The proposed 1,320 MW project is likely to come up at Bilhaur, near Kanpur in Uttar Pradesh.

Teck announces pricing of US$2.0 billion notes offering

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it has priced its previously announced offering of senior unsecured notes. Teck will issue US$2.0 billion in aggregate principal amount of notes, consisting of US$300 million aggregate principal amount of 3.15% notes due 2017, US$700 million aggregate principal amount of 4.75% notes due 2022 and US$1.0 billion aggregate principal amount of 6.25% notes due 2041.

Right time to get into commodities, says Barclays Capital

The world seems set to enter a period of slower growth and higher inflation and investors would do well to gain some direct exposure to commodity markets, said Barclays Capital MD Kevin Norrish on Wednesday.

Invest in commodities rather than producers

Investing directly in commodities through indexes gives an investor more direct exposure to commodity prices than investing in the producers, whose returns were more aligned with equities.

Mining truck tires now pricier than a Merc

China's insatiable demand for commodities has prompted a tripling in the price of mining truck tyres, making them more expensive than a Mercedes sportscar. Prices for tyres about 3.5 meters wide used on the Caterpillar trucks that haul iron ore and coal have touched $93,500 on the spot market, according to Leighton Holdings, a contractor for mining companies including BHP Billiton. Prices rose as high as $140,000 in 2008.

$3.5bn writ hits West Australia mines deal

The coalmines that once powered the fortunes of reclusive West Australian millionaire Ric Stowe are at the centre of a $3.5 billion lawsuit between the mines' new owner and its biggest customer, fertiliser manufacturer Perdaman Industries.

Royal Coal appoints Rodney Mays as COO

Royal Coal Corp. has appointed Rodney Mays as Chief Operations Officer. Mays is an experienced operations manager with 26 years of coal mining experience and strong industry knowledge. He brings to Royal Coal extensive knowledge of the Appalachian coal industry and its day-to-day operations. He was most recently Operations Manager & East Kentucky Regional Mine Manager at another public mining company that is producing at a rate of 140,000 tons per month.

Govt says Massey to blame for fatal blast, falsified safety reports

A coal mine explosion that killed 29 people in West Virginia last year was probably caused by faulty water sprays, badly managed ventilation and built-up coal dust, and could have been prevented, US Department of Labour officials said on Wednesday. Mine and company management were aware that chronic hazardous conditions were not being recorded properly and miners were “intimidated” into prioritising production over safety, administrator for mine safety and health Kevin Stricklin said at a public briefing to mark the one-year anniversary since the Mines Safety and Health Administration started its probe into the accident.

China coal company buys $200m worth of Australian farms

It has been brewing for some time, but the revelation that Chinese state-owned company Shenhua Watermark Coal had spent about $200 million buying up 43 farms on prime agricultural land near Gunnedah in New South Wales has led to calls to halt the so-called foreign "land grab".

BIV: Prophecy coal delivers historic shipment to Russia

A Vancouver-based company is behind Mongolia’s first shipment of coal to the Republic of Buryatia in the Russian Federation. On Wednesday, Prophecy Coal (TSX-V:PCY) said it had shipped 650 tonnes, or 10 wagons worth, of coal from the company’s Ulaan Ovoo mine in Mongolia to an energy company in southeastern Russia.

Brazil’s steel industry ‘almost at crisis point’

FoxBusiness.com quotes an analyst at an industry conference in Rio de Janeiro as saying on Tuesday Brazil's steel industry is "almost at crisis point," due to the country's strong currency and soaring raw-materials costs. Steelmakers have been hit by soaring prices for raw materials, including metallurgical coal and iron ore, prices for which reached record-high levels earlier this year. Some steelmakers have intensified their own iron-ore production activities in Brazil to shield themselves from high ore prices, but Brazil lacks sufficient coking coal resources.

South Africa mines nationalization talk may cut output

Bloomberg reports South Africa risks cutting the mine output that contributes 8.8% of the economy as calls from within the governing political party for a state takeover of the industry deter investors, Impala Platinum Holdings said. Mine operators in South Africa are compelled by law to sell 26% of their assets to black investors by 2014 and boost numbers of black managers to help make up for discrimination during apartheid. Some companies had missed targets for 2009, the mines minister said at the time, adding that the industry had “not lived up to the spirit and intent” of the law.

Massey kept fake safety records to throw off inspectors, mine disaster victim's fiancee says of latest MSHA findings

Federal investigators have proof that Massey Energy kept fake safety records to throw off inspectors at a southern West Virginia mine where 29 men died in an explosion last year, the fiancee of one of those victims said late Tuesday

China's coal mine safety record improves this year, says official

China has made new headway in coal mine work safety with fewer accidents and deaths since the start of this year, said Zhao Tiechui, head of the State Administration of Coal Mine Safety (SACMS), on Tuesday. This year 512 coal mine accidents have been