November 24, 2011

Coal of Africa jumps 8% after coming to green understanding

London-listed Coal of Africa and various environmental groups buried the hatchet on Thursday to work together to preserve Mapungubwe in northern South Africa near the company's controversial Vele opencast project.…

November 24, 2011

IEA 2011 report predicts surge in global coal use

A report released recently by the International Energy Agency (IEA) predicts that under current polices, primary world energy demand will grow 51% between 2009 and 2035, with global demand for…

November 23, 2011

Pacific Northwest coal battle ignites

The US coal industry has settled on an unlikely candidate to build America's largest coal terminal. Bellingham is a small coastal city 32 kilometers south of the Canadian border known…

November 23, 2011

Joy Global keeps rising as takeover speculation mounts

Bloomberg notes that in the last three year Joy Global's stock has quadrupled as takeover speculation mounts.

November 22, 2011

Coal and ports investments set to transform Mozambique

Reuters reports the board of Brazil's Vale has approved a $6 billion expansion of its Moatize coal project in Mozambique to lift output to 22 million tonnes per year from…

November 22, 2011

Prophecy Coal bags licence to build coal-fired power plant in Mongolia

Vancouver-based junior Prophecy Coal (TSE:PCY), which moved to the TSX main board last month, has landed a major deal to build a coal-fired power plant in Mongolia. The company said…

November 22, 2011

Fire evacuates coal mine in Australia

No injuries were reported in an underground fire that evacuated a coal mine in New South Wales. Australian Mining said the fire broke out in the longwall following the ignition…

November 22, 2011

Teck, Vale make changes at the top

Boardroom chairs are being shifted at two large diversified mining companies, Vancouver-based Teck Resources and Brazilian powerhouse Vale SA, the world's second largest miner. Teck announced yesterday that Marcia Smith,…

November 22, 2011

New coal mines pose threat to India’s 1,400 remaining tigers

The arrival of four tiger cubs in Tadoba – one of the country's oldest national parks – has brought cheers to wildlife lovers. However, rampant coal mining in Chandrapur and…

November 22, 2011

GobiMin makes handsome $8 million on sale of $30 million China coal stake

TSX Venture-listed GobiMin's financial and operating results for the third quarter of 2011 showed the diversified explorer made a handsome profit on the sale of a stake in a Chinese…