Teck Resources Limited ("Teck", TCK.A and TCK.B, NYSE: TCK) announced today that it has reached agreement with Westshore Terminals Limited Partnership ("Westshore") on terms for the shipment of steelmaking coal from Teck's mines in British Columbia and Alberta for a four year term from April 1, 2012 to March 31, 2016. The new agreement envisions Teck shipping 16 million tonnes of coal in the initial contract year, and larger amounts in subsequent years when Teck's production is scheduled to increase, all at fixed rates through Westshore.
Coal Mining News
Cardero Resource Corp. announced on Friday that it will acquire all of Coalhunter Mining Corporation's outstanding securities. Cardero will pay about Can$2.1 million in the transaction. Cardero Resources was up over 5% on the TSX to Can$2 a share.
The Associated Press reports that Kate Middleton's ancestors worked in England's coal pits: Her great-grandfather left coal country nearly a century ago in pursuit of a safer way of life in the London area, but […]
The Australian Government's statistics bureau (ABARE) is looking for further growth in iron ore, coal and gold exports in the current year as the commodities boom continues. PERTH (The West Australian) - Iron ore exports will climb another 12 per cent
Making use of methane: Methane recovery technology by Australia-based Industrea is getting a lot of attention in China
In October 2010 the Chinese government shut down 1,611 illegal coal mines in an effort to improve an industry whose working conditions have been described as harsh, dangerous, and often fatal. Last year in China more than 2,600 people died in mining-related accidents, including explosions, floodings and cave-ins, although fatalities have decreased in recent years due to increased safety inspections and the government shuttering illegal mines.
South Africa’s state-owned African Exploration, Mining and Finance Corp. said it will start producing 800,000 metric tons of coal annually for domestic electricity provider Eskom Holdings Ltd. by June, Bloomberg News is reporting: The company, jointly controlled by the government’s energy and mining ministries, will spend 130 million rand ($18.5 million) building a coal mine in Vlakfontein, about 80 kilometers east of Johannesburg, Chief Executive Officer Sizwe Madondo said at the site today. Production will be increased to 1.68 million tons, with the option of boosting it further to 3 million tons annually, he told hundreds of local residents.
Coal exports from major Colombian producer Cerrejon remained on track after a bombing of a rail line in the second attack on its operations in around a month, police and the company said on Thursday.
The two mines, Blair Athol and Kestrel have been under force majeure since late December, after severe flooding in Queensland.
In this series of short articles I present a few of my notes and observations on thermal coal, uranium, vanadium, molybdenum, copper and gold — commodities that were discussed at Roundup 2011 technical exploration conference in […]
SA President Jacob Zuma and Mines Minister Susan Shabangu are expected to preside over the official launch of the African Exploration Mining and Finance Corporation.
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) […]
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,
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.
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
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).
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.
Coal price volatility has not been an issue for the Japanese steel mills since the industry switched to quarterly pricing in April 2010.
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.
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 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:
Colombia coal producer Cerrejon's management and union miners are expected to sign a pay deal on Tuesday.
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 […]
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.
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 […]