October 25, 2011

NSL Consolidated Queensland coal project moves towards formal grant

Highlights Queensland Government advises of proposed granting of exploration permit for the first of NSL's four thermal coal tenements Native Title discussions continue across all four EPCA's. All environmental authorities…

October 25, 2011

Mining in British Columbia contributes $8.9 billion to the economy

According to a new report from PricewaterhouseCoopers LLP (PwC), direct mining expenditures in British Columbia mining crested $5.2 billion in 2010. An additional $3.7 billion was spent in secondary and…

October 25, 2011

Arcelor dumps dearer Macarthur on Peabody

Reuters reports ArcelorMittal has pulled out of its joint $5 billion bid with US giant Peabody Energy for Australian coking coal miner Macarthur, just days after the target's top shareholder…

October 25, 2011

Guildford Coal unveils 925.9 million tonne maiden coal Resource in Galilee Basin

Guildford Coal (ASX: GUF) has reinforced the significant scale potential of the Hughenden Project, delivering a maiden Inferred Resource of 925.8 million tonnes of thermal coal within nine seams in…

October 24, 2011

"No coal depletion threats in Botswana"

The Plant Manager of Morupule Colliery, Matthews Bagopi, says unlike with other commodities that are expected to run out soon in Botswana, there are no threats of coal depletion because…

October 24, 2011

Peabody, Arcelor willing to pay more for Macarthur even as coking coal heads to $240/tonne

Stock in US coal giant Peabody Energy and India's ArcelorMittal surged on Monday after their joint bidding vehicle secured a 59.85% stake in Australian metallurgical-coal miner Macarthur Coal and raised…

October 24, 2011

Aquila Resources – Washpool Hard Coking Coal Project Rail Transport Agreement

Aquila Resources Limited (ASX:AQA "the Company" or "Aquila") is pleased to announce that its wholly owned subsidiary, Washpool Coal Pty Ltd ("Washpool") has signed a Rail Transportation Agreement with QR…

October 23, 2011

Railways chokes on coal short supply

Coal Ministry mandarins recently summoned senior officials of State-owned coal companies and reportedly urged them to pull up their socks or face consequences. The reason: a large number of power…

October 23, 2011

Hedge Funds Raise Bullish Bets Most in Two Months: Commodities

(For more commodity columns, click CMMKT.) Oct. 24 (Bloomberg) -- Hedge funds increased bullish bets on commodities by the most since August on mounting optimism the global economy will avoid…

October 23, 2011

Boss Power has $30 million burning a hole in its pocket

Boss Power (CVE:BPU), which successfully settled a lawsuit on Thursday with the Province of British Columbia, is now looking at ways to spend […]