Coal Mining News

European consortium researching underground coal gasification in Bulgaria

Bulgaria’s largest privately owned gas company, Overgas Inc. AD, acting in a consortium of partners from five European countries, has signed an agreement for financial support to a research project on underground coal gasification (UCG) […]

Mining super charges Mongolia's economy

John Garnaut, writing a column in The Sydney Morning Herald, outlines both the promise and potential pitfalls that the mining boom is bringing to Mongolia.

Anglo American reports jump in net profit to $6.54bn

The group announced better-than-expected results for the year on the back of higher prices and said it remains positive about the outlook for commodities markets. Anglo American (AAL.L: Quote) (AGLJ.J:Quote), the world's fourth-largest diversified miner,

Japan: BHP seeks move to monthly metallurgical coal prices

The Anglo-Australian company wants to benefit from higher prices for steel-making coal, the business daily said, adding steelmakers oppose the switch, fearing frequent price changes would make production costs more volatile.

Macarthur Coal cuts sales forecast because of floods

The Australian miner said annual sales could fall by around a fifth as a result of the heavy flooding that in the country that affected some of its collieries Australian miner Macarthur Coal's annual sales could fall by around a fifth

U.S. miners warned over bolstered EPA regs

Mining companies in the United States are being warned that their operations could be the target of increased scrutiny by the US Environmental Protection Agency (EPA).

Obama Administration calls for 5% royalty on gross proceeds of mines

The Obama Administration has called for a hardrock mining royalty and a new hardrock AML fee, along with other fees and tax increases for coal mining.

Get ready for a big jump in coking coal prices

Coal price volatility has not been an issue for the Japanese steel mills since the industry switched to quarterly pricing in April 2010.

B.C.’s Ridley Terminals, Western Coal Corp deliver good news

The recent news that Ridley Terminals Inc (RTI), located near Prince Rupert on Canada’s northwest coast, has signed a new long-term agreement with its largest shipper, Western Coal Corp, comes at an opportune time.

Western Coal sees 'improvement' on Canada rail, port congestion

Vancouver-based Western Coal, which has agreed to a C$3,3-billion takeover by rival Walter Energy, is seeing improvements in the logistics systems it uses to ship coal from its operations in western Canada, COO Neil Winkelmann said […]

Teck says met coal will stay 'tight'

Teck Resources, the second-biggest producer of seaborne hard-coking coal, expects markets for the steelmaking ingredient will remain tight this year, CEO Don Lindsay said on Wednesday. Mining Weekly reports:

Colombian coal miners accept deal, avoid Cerrejon strike

Colombia coal producer Cerrejon's management and union miners are expected to sign a pay deal on Tuesday.

Mining magnates top Forbes list of richest Australians

Georgina Rinehart is Australia's wealthiest individual with an estimated net worth of $9 billion, according to Forbes list of Australia's 40 Richest released on Wednesday. Rinehart's net worth rose $7 billion from the previous year's […]

Asian demand for electricity driving Western Canadian thermal coal explorer

The CEO of a Canadian coal start-up says voracious demand for thermal coal will keep the shovels turning for three decades on a proposed new mine in Western Canada.

Patriot moving forward with plan to open new coal mines

Mining Weekly reports that U.S. miner Patriot Coal will open a number of new mines in the next two years as it moves to expand its production by 60% by 2013, CEO Richard Whiting said […]

S.Africa: govt will ensure enough coal for Eskom, but coal still not domestic priority

State-owned power utility Eskom urges regulation of coal exports to ensure domestic power suppliies, but government backs off declaring coal a strategic resource.

Queensland coal mines now threatened by massive cyclone

Forecasters warn Cyclone Yasi, similar in size and strength to Hurricane Katrina, may sweep deep inland, generating winds of up to 280 kph. Coal mines and rail lines closed. Evacuations under way in three cities.

BHP puts coal prospecting rights up for sale in SA

Mining Weekly reports that BHP Billiton Energy Coal South Africa (Becsa) will divest some of its currently undeveloped coal prospecting rights to focus on its existing operations throughout South Africa.

India seeing growth in aluminium, coal, iron ore and more – IM reports

The March issue of International Mining will include a detailed report onthe mining industry of India and its future plans. It is gearing up for the XII Five Year Plan.

Massey, other coal miners shares rise on Alpha acquisition

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.

No End in Sight to Commodities Boom: Panelists

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 calls for mine safety review

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.

Blast Traps at Least 30 in Colombian Coal Mine

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.

Arch to export coal through British Columbia port

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:

Siemens provides ‘e-stop’ safety solution for coal preparation plant

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