Galway options Colombian Coal project; drilling on project to commence shortly

Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis. “We are pleased to announce the first project resulting... 

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Indonesia Could Become World’s Top Exporter of Coal Used to Generate Electricity This Year

Indonesia has quietly become the world’s second-largest exporter of coal used to generate electricity and could potentially challenge Australia for the top spot this year, analysts and industry officials say. But growing domestic demand for energy in Indonesia and stagnating foreign investment have cast doubt on the country’s ability to take advantage of expanding demand for coal in its... 

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