The American Coal Company Sues Federal Mine Safety and Health Administration for Unlawful Regulation
The American Coal Company (American Coal) filed suit against the federal Mine Safety and Health Administration (MSHA) for numerous violations of federal law and MSHA’s own regulations in inspections at the company’s Galatia Mining Complex, a complex of three separate mines in Saline County, Illinois. The suit, filed in the Southern District Court of Illinois, follows a series of complaints by the...
Kalimantan Gold Corporation Limited Coal Momentum
Kalimantan Gold Corporation Limited report further exploration progress on its promising coal prospects in East Kalimantan. Latest highlights include: - Further evidence of significant coal occurrences at Mandul Island - High calorie coal showings at two other concessions - Four more coal concessions added to the Option Agreement signed in April 2008 - The Option period is extended by three months...
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...
Indonesia’s Timah plans to acquire three coal mines
Indonesia’s PT Timah Tbk , the world’s largest integrated tin miner, plans to acquire three coal mines with total reserves of 50 million tonnes, a senior company official said on Monday. Timah has a mine in South Kalimantan which produces up to 1.4 million tonnes of coal a year, but the firm has been looking for new mines because of depleting reserves. The company is aiming to sell 1.8...
India’s NTPC eyeing stakes in Indonesia coal mines
State-run NTPC Ltd , India’s top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday. Another government company, Power Trading Corp , also announced plans to buy coal mines in Indonesia, following the footsteps of private firms Tata Power and Reliance Power , which...
Indonesia denies reports of possible coal export quotas
Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,...
International Mining & Machinery Exhibition 2008 (IMME 2008)
The 9th International Mining and Machinery Exhibition, organised by Confederation of Indian Industry (CII) In association with Ministry of Mines, Ministry of Coal, Government of India, focuses on the opportunities, both international and national, provided by the shift of mining companies towards customer satisfaction and expectations. It examines till the elements that make up The industry like the...
Rio’s Exploration Scorecard
For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions. Rio growth with Alcan bought last year and is now off fighting an attempt by BHP Billiton to do that to himself. Rio says the bid does not evaluate it properly. In its...
Coal India lines up Rs 20,000 crore for expansion plans
PUBLIC SECTOR coal giant Coal India Limited (CIL) is foraying into the power generation space and plans to invest over Rs 20,000 crore for the development and acquisition of new and existing coal mines over the next 5 years. CIL plans to ramp up coal production to a level of 521 million tonne by 2012 from the current level of 361 million tonne through a mix of re-development and acquisition initiatives...
India coal must allow foreign equity – MMTC Chairman
India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday. “For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he said. The gap between India’s coal demand...
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