Archive for May, 2007

Law firm could get $3 million in coal case

Friday, May 11th, 2007

A Wheeling law firm that represented two sisters in a case of an invalid coal mining lease could end up reaping more than $3 million from the case following a decision by the state Supreme Court. That’s about three times what Josephine Luther and the heirs of the late Mary Catherine Marks believes the Schrader Byrd and Companion firm is entitled... readmore

Miners vow on clean coal

Friday, May 11th, 2007

Under political pressure over climate change, the coal industry has vowed to raise at least $1 billion to develop technology to curb greenhouse gases. The announcement increases by $700 million the funds producers have committed to clean coal technology. Both the federal government and Labor have put much store in the technology as a way of reducing... readmore

Kuzbassrazrezugol ups coal production 3.8% in 4 mths

Friday, May 11th, 2007

Kuzbassrazrezugol Coal Company (KRU) (RTS: KURZ), one of Russia’s biggest coal producers, increased coal production 3.8% year-on-year in January-April to 13.524 million tonnes, the company’s press office said. This included 1.52 million tonnes of coking coal, up 26.8%. KRU produced 3.386 million tonnes of coal, including 394,600... readmore

CYRR: Enters Negotiations for Coal-Bed Methane Gas Wells

Friday, May 11th, 2007

Canary Resources Inc. (CYRR) announced that it has entered into negotiations with a private investment group to drill 10 to 15 coal-bed methane gas wells on its wholly owned leases in Kansas and Missouri on a joint venture basis. If negotiations are successful, Canary will be able to step up development in the Eastern Forest City Basin. It is contemplated... readmore

Firm plans new coal power station

Friday, May 11th, 2007

RWE Npower is proposing a £2bn plant on the site of the former Blyth Power Station – which was demolished four years ago. The firm, which has submitted limited plans to the government, says the new station would be cleaner and could create more than 150 jobs. However, Blyth Valley Council has said the proposal does not fit with regeneration plans... readmore

Alcan and Maaden Sign Heads of Agreement for Proposed US$7 Billion Mine-to-Metal Joint Venture

Friday, May 11th, 2007

Alcan announced that it has signed a Heads of Agreement with Saudi Arabian mining company Ma’aden to develop a proposed US$7-billion integrated aluminum “mine-to-metal” project including bauxite mining, alumina refining, power generation and aluminum smelting. Alcan would hold a 49-percent stake in the project and would provide technology... readmore

Mining law a dilemma for Sen. Harry Reid

Friday, May 11th, 2007

Senate Majority Leader Harry Reid of Nevada, a gold miner’s son from the top gold-producing state in the nation, is confronting competing political interests as House Democrats prepare to rewrite an antiquated hard-rock mining law. The minerals mining industry holds huge sway in Nevada and industry is balking at some of the most far-reaching reforms.... readmore

Nickel exports to China triple on steel demand

Friday, May 11th, 2007

Shipments of nickel laterite ore from the southern Philippines to China more than tripled in April from a year earlier as Chinese companies sought alternative supplies. Exports rose to 492,002 tons from 144,547 tons, according to Bureau of Customs data obtained yesterday. The southern Philippines mines most of the nation’s low-grade ore, which... readmore

Gas tax plan pared to a nickel a gallon

Friday, May 11th, 2007

House and Senate transportation leaders agreed Wednesday on a plan to raise Minnesota’s gas tax a nickel a gallon on Sept. 1. Supporters said the increase, which would be the first hike since 1988 in the state’s 20-cent-a-gallon gas tax, would pay for needed improvements to the state’s highways, roads and bridges. But it sets up a... readmore

LME nickel hits new high, copper falls

Friday, May 11th, 2007

Nickel hit a new high on the London Metal Exchange on Wednesday but drifted lower later in the day, along with other base metals on profit-taking ahead of today’s U.S. Federal Reserve meeting, traders and analysts said. Nickel for delivery in three months, which has risen by some 53 percent this year, touched a new all-time high of $51,800 on... readmore