July 19, 2011

Canada stocks gain on strong commodities

Strong metal and oil stocks lift the TSX Composite Index Tuesday as the loonie rallies on expectations of eventual rate hike.

July 19, 2011

China’s Huaibei Coal plans IPO to fund $1.4bn expansion plans

Chinese miner Huaibei Coal Group is planning an initial public offering (IPO) on the Shanghai Stock Exchange, according to a local press report. Shanghai Securities News said the flotation will…

July 19, 2011

Anglo American backflips on mining job loss claim

DAYARNE SMITH Muswellbrook Shire mayor Martin Rush has urged Anglo American to tell the community if it no longer plans to pursue the Drayton South project. The company’s Drayton mine…

July 19, 2011

LG and E tries to explain coal ash findings

Louisville Gas and Electric officials on Monday night tried to explain test results that at first found “significant amounts” of coal ash on three homes near its Cane Run power…

July 19, 2011

Import window opens for S.African coal, China unmoved

The price of importing South African coal has fallen to be nearly on par with Chinese domestic rates, but Chinese buyers are not biting and are asking for discounts of…

July 19, 2011

Coal sites in three provinces to be auctioned next Sept.

Coal exploration contract areas in Cebu, Surigao del Sur and Zamboanga del Norte are being frontloaded for investor bidding in September at the earliest, according to the Department of Energy…

July 19, 2011

PM reassures coal workers on carbon tax

Prime Minister Julia Gillard is reassuring NSW coalminers her carbon tax will not stop their sons from following in their footsteps. Ms Gillard is spruiking her carbon price package in…

July 19, 2011

Coal Services reduces workers’ compensation premium rates for NSW coal mine operators

Coal Services today announced a reduction of 2.78% to workers’ compensation premium rates for the New South Wales coal mining industry, with the target premium rate set at 3.5% (3.6%…

July 19, 2011

Hunnu Coal granted mining licence for Tsant Uul Project, Mongolia

Hunnu Coal (ASX: HUN) announces that the Mineral Authority of Mongolia has granted a mining licence MV – 016872 for the Tsant Uul Project, covering total area of 69,233 ha.

July 19, 2011

Ikwezi Mining focused on South African coal, IPO hits ASX boards at 10 pct premium

Ikwezi Mining (ASX: IKW) has been admitted to the ASX after a successful IPO which offered 150 million shares at $0.20 to raise around A$30 million.