Coal Top Stories

Anglo American CEO’s pay fell 8% in 2015

The pain at Anglo American (LSE:AAL) has finally reached the…

Trump says he’ll protect Ohio coal industry

Donald Trump, the Republican frontrunner in the US presidential campaign,…

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China reselling SA coal into Europe

At least four capesize cargoes of South African coal have been sold back to the original sellers by Chinese buyers during the past month and all are coming to Europe, said sources familiar with the deals. The South African coal is being stockpiled in Amsterdam-Rotterdam-Antwerp and at power plants either for sale into Europe or to be burned at the main buyer's own power plants.

India’s Punj Llyod buys 50% stake in Indonesia coal mine

Indian infrastructure major Punj Lloyd on Monday announced that its Singapore-based subsidiary, Sembawang Engineers and Constructors, has entered into an agreement to acquire 50% stake in a thermal coal mine company in Indonesia. The Indonesian company is based in Central Kalimantan, Indonesia and the acquisition is to be done through Sembawang Development Pte Ltd, a unit of Sembawang Engineers, the company has informed the Bombay Stock Exchange.

Teck announces Elkview operation collective agreement

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that employees at its Elkview operation in southeast British Columbia have ratified a new five-year agreement, replacing an agreement which expired on October 31, 2010. Production at the mine will resume effective Friday, April 8 following a temporary suspension due to strike action taken by Local 9346 of the United Steelworkers of America on January 30, 2011.

Atlantic Coal – Production Update – On track to reach 2011 production target

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is pleased to announce a production update for the three months ended 31 March 2011 from the Stockton Colliery (‘Stockton'), its opencast anthracite operation in Pennsylvania. During the quarter, Atlantic mined 120,850 tons of run-of-mine coal (‘ROM') and removed 658,785 bank cubic yards (BCYs) of overburden. 62,000 tons of ROM coal was washed which produced 28,376 tons of clean coal.

Teck announces preliminary settlement at its Elkview operation

Teck announced on Saturday that it had reached a settlement deal with Local 9346 of the United Steelworkers of America to end the strike at the company's Elkview operation. According to a company statement, the parties will recommend the memorandum of settlement to their respective groups. The union ratification vote is scheduled for Thursday, April 7, 2011. If the agreement is ratified, production at the mine could resume by Friday, April 8, 2011.

Record 2011 coal price agreed by Xstrata, Chugoku Electric

Xstrata and Chugoku Electric have settled an annual coal contract for the Japanese fiscal year starting April 1 at a record level of around $130 per tonne, over 30 percent higher than last year's contract, sources told Reuters on Friday.

SouthGobi Resources announces updated NI 43-101 compliant coal resources and reserves for Its Ovoot Tolgoi Complex in Mongolia

SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) announced today that new, independent estimates prepared by Minarco-MineConsult ("MMC"), have updated coal resources and proven and probable mineral reserves contained at the company's Ovoot Tolgoi Complex, (comprised of the Ovoot Tolgoi Coal Mine and the Ovoot Tolgoi Underground Deposit). Independent estimates for coal resources have also been updated by MMC for the company's Soumber Deposit (comprised of the Soumber Field and the Biluut Field).