SouthGobi Energy Resources Confirms High Quality Metallurgical Coking Coal at the Mamahak Coal Project in East Kalimantan, Indonesia

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has received independent laboratory analysis of a recent bulk sample that confirms high volatile, high-fluidity metallurgical coking coal at the Mamahak coal project in East Kalimantan, Indonesia. SouthGobi owns 85% of the Mamahak coal... 

Tag: mamahak coal mining location, mamahak coal mining, coking coal, south gobi thermal coal, pt multi mamahak

Nexant Expands Global Gas Sector Services

Nexant announced today that three gas industry experts—Mike Fulwood, Brian Little, and John Conway—have joined the company’s global gas practice. The three are former principals and founders of Energy Markets Partners LLP, a U.K.-based energy consultancy specializing in natural gas markets. Additionally, Nexant has also acquired a unique proprietary natural gas model that was developed by Energy... 

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SouthGobi Energy Resources Increases Ownership Position in the Mamahak Coal Project, Indonesia, to 85%

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd. , and Gene Wusaty, Chief Operating Officer, Coal Division, announced today that the company has increased its ownership in the Mamahak Coal Project in East Kalimantan, Indonesia, from 56% to 85%. The original Joint Venture Agreement with Score Resources Ltd. included a provision allowing for SouthGobi to increase its ownership... 

Tag: energyresource mining project, tsx iron ore coal

SouthGobi Energy Resources Announces Major Increases in Coal Resources at its Ovoot Tolgoi Coal Mine in Southern Mongolia

Peter Meredith, Chief Executive Officer of SouthGobi Energy Resources Ltd., and Gene Wusaty, Chief Operating Officer, Coal Division, are pleased to announce today that an independent estimate compliant with National Instrument 43-101 has sharply increased resources at the company’s Ovoot Tolgoi coal project in Mongolia. The new report shows that Ovoot Tolgoi’s West Field now contains Measured... 

Peabody Energy to Acquire Remaining Metallurgical Coal Ownership in Millennium Mine

Peabody Energy announced today that it has reached agreement to acquire 15 percent of the Millennium Mine in Queensland, Australia, and intends to acquire the remaining 0.5 percent ownership in the near future. The company currently owns 84.5 percent of the operation, and intends to purchase the remaining equity interest following regulatory approvals. The Millennium Mine was among three major Australian... 

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Cleveland-Cliffs and Alpha Natural Resources to Merge, Creating Cliffs Natural Resources, a Leading Diversified Mining and Natural Resources Company

Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion. Under the terms of the agreement, for each share of Alpha common stock, Alpha stockholders would receive 0.95... 

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Platts Steel Markets Daily Is Now Reporting Prices Of Hot-Rolled Coil And Rebar Originating From Asia

Platts, one of the world’s foremost providers of energy and metals information, today announced it is expanding its suite of spot price assessments in global metals to include steel exported from China, specifically hot-rolled coil (HRC) and concrete reinforcing bar (rebar). “We’re pleased we can answer the steel industry’s call for a reliable source of timely, transparent and... 

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Mineral exports expected to grow

The export of metals and minerals is expected to grow in the coming financial year as mining projects expand or start production to capture demand from the urbanisation and industrialisation of emerging economies. The federal government said in its 2007/08 budget papers that “non-rural commodity exports are expected to grow” as new projects and expansions come online. Exports of iron ore,... 

Dynegy swings to 1Q loss on accounting loss

Dynegy Inc. swung to a first-quarter loss as power prices surged, leading the Houston-based power producer to record bookkeeping losses to account for some advance sales. The company reported losing $152 million, or 18 cents per share, compared with profit of $14 million, or 3 cents per share, in the same period last year. The total included $284 million in mark-to-market accounting losses on certain... 

Indian Firm Commits $5 Million to Coal-Powered Energy

India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi. Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over the...