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Dawn reported that the World Bank has withdrawn its commitment of providing an IDA Credit of $30 million for the Thar Coal and Power Project because of their policy of…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 14, 2012

Churchill Mining’s $2-billion lawsuit will not be heard by Indonesia’s supreme court

Indonesia will not be righting the perception that it's a place safe for miners after the country's supreme court said it will not hear Churchill Mining's (LON:CHL) appeal in its…

June 14, 2012

Thermal is wrecked: Chinese inventories climb to 2008 financial crisis levels

In China’s Qinhuangdao, the world’s largest coal port by capacity, inventories have exceeded levels last seen in late 2008 during the height of the financial crisis.

June 14, 2012

Scathing report calls India’s 2,600 mines ‘out of control’

Illegality in the mining sector has deprived state governments of badly needed revenues, threatened the industry with costly and unpredictable shutdowns, and generated political chaos that helped bring down two…

June 14, 2012

Supporters rally for Kentucky coal

Kentucky still has plenty of friends of coal and many turned out to bash federal regulators who have delayed action on 36 mining permits the state issued in 2010 and…

June 14, 2012

Kenya invites bids for two coal blocks

Kenya has invited investors to bid for the exploration and development of two coal blocks in the country's eastern region, the energy ministry said.

June 14, 2012

Indian firm in talks to buy Colombian coal mine stake for $1 billion

The Aditya Birla group is looking to buy the rights to between 20% and 40% of the coal produced by Drummond's Colombian coal mines to feed its $5 billion aluminium…

June 14, 2012

Anglo American: Met coal pricing affected by supply issues, not demand

US miners are filling the supply gap left by Australian miners.

June 14, 2012

Argentina mine exports grind to a halt on foreign exchange rules

Argentina's mining exports have virtually ground to a halt and companies are stockpiling gold, copper and other minerals due to foreign exchange rules that are impossible to comply with, a…