June 17, 2012

Australian clean coal institute ‘squandered’ $300 million, has ‘precious little’ to show

The since departed head of the institute which has staff of 78 was paid in excess of $500,000 per year and the organization racked up more than $54 million in…

June 16, 2012

Weak US coal market leaving holes in open-hopper barge capacity for 2012

The open-hopper barge fleet, at times booked a year in advance during stronger coal markets, still has capacity in 2012, Ingram Barge Co. Senior Vice President and Chief Commercial Officer…

June 16, 2012

Drummond claims report of Colombian coal deal with Aditya Birla is false

Alabama-based coal producer Drummond Co. Inc. said a news report that the company might sell a portion of its Colombian operations to Indian conglomerate Aditya Birla Group "has no foundation…

June 16, 2012

Home-made rockets and balaclavas: 8,000 striking Spanish coal miners attack police as country’s debt crisis continues

Spanish coal miners armed with homemade rockets and slingshots have clashed with police over the country's austerity measures.

June 16, 2012

Fox News video: Coal vs natural gas

Coal industry rep says natural gas prices will go up, making coal for power generation attractive again.

June 16, 2012

World Bank withdraws $30 million pledge for Thar coal project

Dawn reported that the World Bank has withdrawn its commitment of providing an IDA Credit of $30 million for the Thar Coal and Power Project because of their policy of…

June 16, 2012

Mozambique, Ncondezi Coal sign framework agreement for 4.7 billion ton coal project

Exploration and development company Ncondezi Coal has signed a framework agreement with Mozambique’s Ministry of Mineral Resources for its 4.7-billion-ton Joint Ore Reserves Committee-compliant Ncondezi coal project, in the Tete…

June 16, 2012

Investing opportunities in overlooked Argentina

Mike Niehuser, founder of Beacon Rock Research, discusses the cloud of uncertainty hanging over Argentina in an interview with The Gold Report.

June 15, 2012

GFMS says gold hedging is a peripheral issue. Others not so sure

Moderate net hedging by gold producers is expected for the full year, but GFMS-SocGen stressed that it did not mean a shift in management attitude towards hedging.

June 15, 2012

The right formula for markets

Thoughtful regulation in moderation is needed to maintain healthy competition. Sporting events need referees and officials to keep the game fair and exciting—no spectator wants them to control the outcome.