Coal Top Stories

Vale says write down of Mozambique coal venture won’t affect project

Company denied reports claiming that partner Mitsui was revising the…

US prosecutors want max of 1 year in prison for ex-Massey Energy CEO

Blankenship is scheduled to be sentenced on April 6, day…

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Teck settles strike at Elkview mine

The six-week strike at Teck's Elkview coal mine is coming to an end, Canadian Press reported Tuesday morning. The Vancouver company and Local 9346 of the United Steelworkers of America have reached a tentative five-year collective agreement covering about 700 workers at the mine, located in southeastern British Columbia. The union ratification vote is to be completed by Saturday. If the new labour deal is ratified, Teck expects full production at the mine to resume by next Tuesday.

Quake halts production at Japanese steelmakers

Reuters is reporting that FE Steel, the world's No 5 steelmaker, on Monday halted production at a plant near Tokyo and global fourth-ranked Nippon Steel suspended operations at two small plants: - JFE said shipments from its 10 million tonnes per year Higashi Nihon plant near Tokyo had virtually halted due to a power outage. - JFE resumed operations on Sunday of two blast furnaces at its Higashi Nihon plant, one of its two mainstay plants, which were idled after Friday's quake and tsunami.

Patriot Coal halts production at West Virginia mine

According to a report from Reuters, Patriot Coal Corp. has halted production at its Rivers Edge metallurgical mine in West Virginia due to flooding in a sealed, mined-out area. An employee at its Rivers Edge mine discovered excess water behind two seals on March 7, which prompted the Mine Safety and Health Administration (MSHA) to issue an imminent danger order, the St. Louis, Missouri-based firm said in a regulatory filing. Patriot said the flooding, which followed heavy rain, led to an evacuation of the mine.

Coal to get the reality television treatment

Thom Beers, the man behind the popular reality television series Deadliest Catch and Ice Road Truckers, is now producing a series about coal mining in Appalachia. Coal premieres on Spike TV this spring with the first show airing at the end of this month. You can already see episodes on Spike TV's website.

Institutional support for Rio Tinto offer is growing – Riversdale CEO

Institutional shareholders in Riversdale Mining are moving toward backing global miner Rio Tinto's sweetened A$3.9 billion takeover offer for the Mozambique-focused coal miner, Riversdale's chief executive said on Thursday. Rio Tinto raised its offer to A$16.50 a share on Thursday in a final bid to woo key shareholders who have held up the deal, and extended the offer for a third time, to April 1.

Riversdale Mining backs increased Rio Tinto takeover offer

Riversdale Mining head Steve Mallyon has backed Rio Tinto's increased offer for the coal company, warning investors there was no hint of a competing bid, The Wall Street Journal reported. The global giant today said it would increase its offer to $16.50 a share from $16 a share, if it gained more than a 50 per cent interest in the Mozambique-focussed company by March 23. Rio said it would not increase its offer beyond that point unless there was a competing proposal.