Coal Mining News

200 MW coal plant inaugurated in the Philippines

June 28,2011 -- Benigno Aquino III, president of the Philippines, has inaugurated a 200 MW coal fired power station in Colon, Visayas, which will help satisfy the region's peak demand. ....

First return to tragic New Zealand mine

The first delicate step in re-entering New Zealand’s Pike River Coal mine began today, as one of the mine’s survivors returned to work underground.The gas levels have been coming down inside the West Coast mine over the past couple of weeks.

China’s massive appetite for commodities sparks concern

China’s massive appetite for commodities is creating concerns for the global economy, the environment and workers in other countries. In a series of reports, VOA is looking at the economic power modern China wields. Chinese government and company officials are signing agreements at a dizzying pace around the world, including in places where few other foreigners invest.

Vietnam to restrict coal export by raising tax

Coal export tax rate would be expected to surge from the current 15 percent to 20 percent in a bid to restrict export of the fossil fuel, the Vietnam Ministry of Finance (VMF) said on Tuesday. VMF's proposal was made after the Vietnam Coal and Mineral Industries Group (Vinacomin) imported 9,500 tons of low-quality coal from Indonesia to supply power thermo-electric plants in Vietnam, making the country to become a coal importer for the first time.

Feds to brief families of W.Va. mine blast victims

Federal investigators are preparing to release their latest findings about the Upper Big Branch mine explosion to the families of the 29 coal miners killed in the April 2010 tragedy in southern West Virginia. Mine Safety and Health Administration

Coal generators and the EPA power struggle: will consumers foot the electric bills?

Utility giant American Electric Power (AEP) sent shock waves last week by suggesting consumers could see their electricity bills jump an estimated 40-60% in the next few years. AEP is one of the country's largest investor-owned utilities, serving parts of 11 states with more than 5 million customers.

Corsa Coal Corp. continues under federal jurisdiction

Corsa Coal Corp. ("Corsa") (TSX VENTURE:CSO) is pleased to announce that it has continued under the Canada Business Corporations Act as approved by Shareholders at the Annual and Special Meeting of Shareholders held on June 17, 2011. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cliffs Natural Resources Inc. names David Webb Senior Vice President, Global Coal

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced David Webb will join the organization as senior vice president, global coal effective July 18, 2011. In this position, Mr. Webb will provide strategic leadership and drive operational performance at the Company's coal operations in North America, including two underground longwall operations and three continuous mining operations. He reports to Duncan Price, executive vice president, president – global operations.

Coal for export may suffer high tariff

A source from Ministry of Finance said that the agency is drafting an export tariff frame on coal, accordingly the expected tariff may be raised to 20 percent instead of current 15 percent. This is seen as one of measures to control and curb export of material coal while the resource is running out.

Australia's carbon tax debate ongoing

Controversy over Australia's carbon tax plan has heated up after Prime Minister Julia Gillard promised extra compensation for the country's lowest income households to offset energy price rises resulting from the proposed scheme.

Xstrata Coal upgrades to multiple leading edge technology PRO3 simulators to strive for best practice

Xstrata Coal has chosen to upgrade its existing fleet of simulators based in the Hunter Valley NSW, Australia to three PRO3 base simulators and a range of equipment modules units from Immersive Technologies. This purchase supports Xstrata Coal’s ‘SafeCoal’ approach which drives the delivery of correct safety skills training to the operator workforce. The new PRO3 simulators enable Xstrata Coal to simulate a range of emergency scenarios with realism without any risk exposure to people or equipment. It is also a useful tool for pre-employment screening, targeted and refresher training.

The wandering workforce: why FIFO is the best model for our mining sector

One of the most debated issues in regional Australia today is the mining industry practice of fly-in-fly-out operations. It is a particularly interesting issue in Western Australia because there was a time in the 1960s and '70s when townships were developed by the mining companies to support the expansion of the mining sector in the north of the state.

Chinese miners plunge as reverse-listing contagion spreads

Iron, zinc and coal miner China Natural Resources shed 20% of its value on the Nasdaq stock exchange in morning trade on Monday in the absence of any fresh news about its operations while China Shen Zou Mining lost over 8%, the worst performers in the sector. Investors are continuing to worry about the soundness of Chinese companies that came to the US market through so-called reverse listings with the value of the 98 companies declining sharply in recent weeks as creative accounting and other irregularities are uncovered at firms engaging in operations as diverse as software and timber.

Man survives being hit by coal train

A 26-year-old man is lucky to be alive after he was struck by a train at Murphys Creek early yesterday morning. He was airlifted to the Princess Alexander Hospital in Brisbane in a critical condition, […]

29 Miners and Massey's Coal Crimes

It was Easter Weekend 2010 when 33-year-old Gary Quarles—a skilled miner with 14 years experience and a father of two— and an “up and coming” miner, Nicolas McCroskey, 26, were having dinner with a friend. They said that “something bad was going to happen” at Massey Energy’s Upper Big Branch (UBB) mine where they worked.

Financial alchemist who has been exposed as a seller of fool's gold

Andrew Scott always considered himself a trailblazer. In his heyday, the financial alchemist and boss of Centro Properties seemed capable of conjuring colossal profits from thin air as he scoured the world snapping up shopping centres.

New dust suppression products for the mines

aimex-tecpro.jpg Tecpro Australia will unveil innovative new dust suppression products for the mining industry on Stand R176 during AIMEX - Asia-Pacific’s mining exhibition 2011, to be held at Sydney Olympic Park, Homebush, from September 6-9. On show for the first time in Australia will be the Elefante and Giraffa fog makers from Italian company Idrotech. They [...]

Cliffs denied remediation plan to continue mining at Pinnacle

Cliffs Natural Resources Inc. (NYSE:CLF) announced today that regulatory agencies have denied a submitted remediation plan designed to address detected levels of carbon monoxide at the company's Pinnacle Mine in West Virginia. The plan would have allowed the company to resume underground mining operations at its Pinnacle Mine in West Virginia which were stopped in late May due to the detected levels of carbon monoxide.

Tata, SAIL JV to set up Rs 200 cr coal washery in Jharkhand

Tata Steel and SAIL's equal joint venture, S&T Mining Company, will set up a 1.8 million tonnes per annum (mtpa) coal washery at Bhelatand, in Jharkhand, through an investment of Rs 200 crore.

Aspire Mining lifts Ovoot coking coal production targets to 12 million tpa

Mongolian-focused coking coal explorer Aspire Mining Limited has lifted production expectations for its Ovoot Coking Coal Project (Ovoot) based on the latest compilation of coal washability test results. Results from recent coal washability testing confirm a very high theoretical yield of 80% to produce a product with 8% ash content and CSNs of 8 to 9, making it potentially the lowest ash coking coal product in Mongolia.

Foggy forecasts for Australia’s coal mining industry

Australia continues to struggle to recover from some of the worst flooding on record, which has had knock-on effects to the mining industry as coal export forecasts have been cut by 5.2 percent, which will be a damaging blow to Australia's economy.

Prophecy coal releases Q1-2011 results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2011) - Prophecy Coal Corp. ("Prophecy" or the "Company") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) has filed today its interim financial results for the first quarter ended March 31, 2011. The interim condensed financial statements and accompanying Management's Discussion and Analysis ("MD&A") are available on the Company's website at www.prophecycoal.com and on SEDAR at www.sedar.com.

Ncondezi Coal Company Audited Final Results

Ncondezi Coal Company Limited (AIM: NCCL), a coal exploration and development company with coal assets in the Tete Province in Mozambique, announces its audited final results for the year ended 31 December 2010.

Riversdale Mining [ASX: RIV] – New CEO Appointed

Riversdale Mining (ASX: RIV) advises that Mr Eric Finlayson has been appointed as the new CEO of Riversdale Mining Ltd. Mr Finlayson will move from his current role as Head of Exploration with Rio Tinto to take up this appointment, effective from 1 July.

'US economy could be one of the big surprises in H2' 2011 – SocGen

In its latest Quarterly Commodities Review, Société Générale takes the view that , at a "time of significant doubt for the outlook for the global economy" the recovery is sustainable and the bank is looking for a stronger second half-year. Headwinds persist, however, and the recovery in the advanced economies is likely to remain relatively sluggish.