Shares in coal miner Massey Energy jumped 11% and other coal mining stocks rose on the first trading day after Alpha Natural Resources agreed to pay $7bn for the beleaguered stock.
Coal Mining News
The bull market for commodities that made 2010 a banner year for mining and mining exploration is likely to continue throughout 2011, according to three panelists who addressed the question at a recent forum in Vancouver, Canada.
Colombia's president called for a safety review of the country's mines on Thursday, following Wednesday's explosion that killed 21 miners at an underground coal pit.
At least 30 miners were trapped by an explosion in a coal mine in northeastern Colombia, the mayor of the town of Sardinata said Wednesday, Jan. 25, according to a report from Fox Chicago News.
NYSE-listed Arch Coal has signed a five-year agreement with Canada's Ridley Terminals, which will allow Arch to export coal through the bulk-commodity marine terminal near Prince Rupert, in British Columbia. Mining Weekly reports:
Miller Argent (South Wales) Limited, a company responsible for reclaiming land in Wales that incorporates opencast coal mining, has recently installed a Siemens safety solution on its new coal cleaning plant. Read more
BHP Billiton coal production in Queensland declined by 30% due to rain and flooding in the Bowen Basin. "In the December 2010 quarter, Queensland Coal production declined by 30% when compared with the September 2010 […]
Vancouver-based Teck Resources warned on Wednesday that difficult weather conditions and rail and port disruptions in British Columbia will likely have a negative effect on coal production in the first quarter, Mining Weekly reported.
Ordos, Mongolia is home to the world's most efficient mine and one of China's biggest carbon capture and storage projects. Chinese miners and scientists are ramping up production and finding new ways to burn and bury carbon, as The Guardian newspaper reports. Click here to watch the video:
South African oil from coal pioneer, Sasol, is dropping plan for a Coal to liquids (CTL) project in Indonesia to concentrate on Gas to liquids opportunities.
Steel Authority of India charters bulk carrier to load coal from Newport VA, to secure alternative supplies after Queensland floods.
Despite the prospect of an estimated A$2.3 billion worth of lost sales from wet season events beginning early December 2010, Queensland's export coal industry is moving with determination to restore the state's leading income earner.
Reuters reports: An increasing number of dry bulk carriers are departing eastern Australia's coal ports empty-handed as devastating floods force companies to look for supplies elsewhere, traders and industry experts said.
Despite the best efforts by the American mainstream financial media, the eager PR division of the United States Dollar Ponzi Scheme, to paint the rosiest of rosy pictures for blindly optimistic readers, the stubborn image of a debt-swollen jobless behemoth economy slowly toppling persists.
Australia's devastating floods could remove 5 percent or more of steelmaking coal from world markets, a major bank estimated on Wednesday, as signs emerged that damage and disruption to coal infrastructure continued to spread with […]
The chief executive of POSCO, the world's No.3 steelmaker, said it would be difficult to raise steel prices enough to cover rising raw materials costs stemming from flooding in Australia, which has affected coal mines, rail links and ports.
Kansas City Business Journal reports: With China's accelerating economy heavily dependent on coal, mine safety has emerged as a national priority. Moving to embrace high-tech solutions to improve its record, 15 Chinese scientists and engineers this […]
Reuters India reports: Duke Energy's $13.7 billion deal to buy Progress Energy may allow the combined company to make better use of its aging coal-fired power plants as it seeks to boost generation from natural gas, […]
Grande Cache Coal Corp. (TSX:GCE) lowered production guidance for its current financial year and raised its expected cost per tonne, the Estevan Mercury reported earlier this month.
OfficialWire reports: The coal terminal at Dalrymple Bay, the largest Australia's Queensland state, is running at 70 percent of capacity despite fears flooding would halt production.
The Australian reports: Flooding in Australia's coal heartland has resulted in a price surge across Asia that could flow on to coal-dependent steel and electricity.
Sunday Times reports Xstrata near to buying one of Colombia's biggest coal miners, currently owned by US group Drummonds. Xstrata remains tight-lipped over prospective acquisition. London-listed miner Xstrata is close to winning the $8 billion auction
The mine, in Australia's New South Wales was closed on Wednesday after a fire broke out in the mine Coal miner Xstrata on Friday said it was too early to say when it could reopen Australia's Blakefield South coal mine, which has been shut down due to a
The miner says no miners were caught underground and no injuries have been reported from the fire that erupted on Wednesday afternoon at the mine in New South Wales SYDNEY (Reuters) - A fire has caused Australia's Blakefield South coal mine in New South
“Vallar, the London-listed cash shell founded by financier Nat Rothschild, is looking at acquisitions of coal assets in North America and Australia worth up to $1bn (£646m) as it seeks to bolster its aspirations to […]