January 15, 2012

Linc denies sale of Teresa coal asset

Linc Energy Ltd has dismissed media speculation that is has found a buyer for its Teresa coal settlement in Queensland, stating that it has not entered in to any binding…

January 15, 2012

Collie coal miners threaten strikes over hot seating plan

It is reported that coal miners at Griffin coal are threatening industrial action over moves to introduce hot seating by extending workers hours. The plan by the new Indian owners…

January 15, 2012

Bulgarian coal miners launch symbolic strike

Novinite reported that on Saturday, miners at Bulgaria's state owned Maritsa Iztok Mines launched a symbolic protest, warning that effective strike was in store, after talks failed Friday.

January 15, 2012

Disused railway reinstated for coal freight in South Wales

It is reported that a 12.9 kilometers long disused freight railway line in Cymgrach, South Wales has been resurrected for coal producer Unity Mine to enable it to reduce lorry…

January 15, 2012

Consortium claims $10 billion interest in Pakistan’s Thar coal

A group of firms based in the United States claims to have formed a consortium that will look to raise up to $10 billion to invest in coal mining, electricity…

January 14, 2012

Feds sue W.Va.-based Resurrection Coal for unpaid safety fines

The federal government filed suit Jan. 12 against West Virginia coal operator Resurrection Coal Co. Inc. to collect about $42,657 in unpaid fines for mine safety and health violations.

January 14, 2012

Walter Energy lowers 4Q view

Walter Energy Inc. tempered its fourth-quarter earnings guidance and lowered its estimate of output for the year, pointing to production problems in Alabama and weak results from some new startup…

January 14, 2012

Russia’s Mechel completes construction of rail link to coking coal deposit

Russian steelmaker Mechel OAO on Jan. 11 said it has completed laying tracks from the Ulak station to the Elga coking coal deposit in southeast Yakutia, Russia. According to Mechel's…

January 13, 2012

Prospecting in Queensland just got much more expensive

The Australian reports the Queensland government is going after speculative prospecting by what the state treasurer termed two-dollar shell mining companies, slapping the industry with $375 million in additional fees.…

January 13, 2012

Patriot Coal down 12% after idling three met mines citing weak global demand

Patriot Coal was beaten down more than 12% on Friday after announcing it will cut production of coking coal due to weakening global demand.