August 30, 2011

Key drivers of global iron ore Industry

Report on Iron Ore Industry Iron ore production in the world is concentrated with only handful of countries which are blessed with resources. India is endowed with the huge iron…

August 30, 2011

Peabody Energy, ArcelorMittal and Macarthur Board agree to terms for recommended takeover of Macarthur Coal

Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT) recently announced that PEAMCoal has agreed to terms with the Macarthur board for a cash takeover of all outstanding shares of Macarthur…

August 30, 2011

Coal sector questions Grattan’s findings on carbon tax impact

The Australian Coal Association (ACA) today questioned the results of the Grattan Institute research on the impact of the proposed carbon tax on the coal, LNG and steel industries.

August 30, 2011

Macarthur Coal backs sweetened Peabody, Arcelor offer

Australia's Macarthur Coal has backed a slightly sweetened A$4.9 billion ($5.2 billion) takeover offer from Peabody Energy and ArcelorMittal . Peabody and ArcelorMittal raised their offer by 3 percent to…

August 29, 2011

North American Gem starts drilling in Saskatchewan

North American Gem Inc. (NAG) (TSX VENTURE:NAG) reports that DJ Drilling LTD. of Aldergrove, B.C., has commenced drilling near Hudson Bay, Saskatchewan. NAG has permitted five fully approved drill locations…

August 29, 2011

World’s first OTC swap for coking coal transacted

THE world's first coking coal swap transaction via an over-the-counter contract was completed Monday.

August 29, 2011

Coal infrastructure safe after Hurricane Irene

US ports, railroads and terminals on the east coast suffered minor damage over the weekend from Hurricane Irene, and operations are quickly returning to normal after the storm proved less…

August 29, 2011

Colombia’s Cerrejon cuts coal exports to Asia, can’t compete with Australia, Indonesia

Cerrejon LLC, Colombia's top coal exporter, is reducing its shipments to Asia as it becomes increasingly difficult for the company to compete on prices in that market with coal firms…

August 29, 2011

Department of Energy announces $41 million investment for carbon capture development

The U.S. Department of Energy announced today the selection of 16 projects aimed at developing advanced post-combustion technologies for capturing carbon dioxide (CO2) from coal–fired power plants. The projects, valued…

August 29, 2011

Body found unloading coal train on SE Side

Body found unloading coal train from Montana on Southeast Side near 100th Street, Calumet River The body was discovered while crews were emptying out the coal into a container near…