Posts Tagged ‘Coal Mining’

Coal Production Down

The Energy Information Administration says data on railroad car loadings shows U.S. coal production totaled about 21.3 million tons during the week ended June 14. The estimate is 2.4 percent lower than the previous week, and 6.6 percent lower than the estimate reported for the comparable week in 2007.
Production east of the Mississippi River totaled [...]

Friday, June 20th, 2008

CITIC Resources says may sell Macarthur Coal stake

CITIC Resources Holdings Ltd has not decided what to do with its 17.66 percent stake in Australia’s Macarthur Coal and could equally sell or hold the stake, Chief Executive Sun Xinguo said on Monday.
Macarthur’s top shareholder, Ken Talbot, has been selling down his stake of around 24 percent, opening up the possibility of [...]

Monday, June 2nd, 2008

Churchill lifts coal reserve target

Indonesian coal miner Churchill Mining has lifted its overall initial coal reserve target by 50% to 150m tonnes at its East Kutai Coal Project (EKCP).
A review of the total initial coal resource target is also being conducted and Churchill will advise the market of the result in due course, it said.
“Churchill is still ahead of [...]

Tuesday, May 27th, 2008

Comdek Announces Jericho Coal Acquisition

Comdek announced that it has signed an option to acquire 100% of the issued capital of Tiger Coal, a company that has applied for two coal projects, the Jericho East and Jericho West Coal Projects in Tasmania. Inferred historical tonnes of coal is 60 to 80Mt of black thermal coal. The company reproted that there [...]

Tuesday, May 27th, 2008

Sail to pay $150 per tonne for BCCL coal

Steel Authority of India (Sail) has agreed to pay the revised coal price of $150 per tonne, to Bharat Coking Coal, in 2008-09, as compared to the previous fiscal, when it paid $105 per tonne. “The price issue is settled. We will sell coking coal from BCCL at $150 per tonne, 40% lower than the [...]

Sunday, May 25th, 2008

Bharat Earth Movers, Coal India in tyre production deal

State-owned rail coaches and mining equipment maker, Bharat Earth Movers Ltd. (BEML) said it signed a 12-year agreement with Coal India Ltd. (CIL) for joint production of off-road tyres.
In a statement, BEML said the tyres will be produced by Apollo Tyres and JK Tyres at a facility funded by itself and CIL.
CIL will invest 2 [...]

Thursday, May 22nd, 2008

Strategic Natural Resources gets South African coal mining permit for 1.5ha site

Strategic Natural Resources Plc., set up as a vehicle to develop, own and manage natural resource extraction enterprises in South Africa, said it has received permission to start opencast mining for coal on a 1.5 hectare site in the Elitheni prospecting area.
The company said permission has been granted by the South African Department of Minerals [...]

Thursday, May 22nd, 2008

Sultan Mining records increase in coal sales

Sultan Mining and Energy Development Corp. (SMEDC) reported its Surigao del Sur coal mine has posted significant increase in sales volumes coal mine owing to a rising demand for the commodity, a company official said.
“For April alone, the production volume of 22,000 metric tons [increased] 120 percent from the previous month. It was also greater [...]

Thursday, May 22nd, 2008

ArcelorMittal takes stake in Maccarthur Coal

ArcelorMittal, the world’s biggest steelmaker, said on Wednesday it had taken a 14.9-percent stake in Maccarthur Coal of Australia for 604.8 million dollars (384 million euros).
The acquisition was made through stock market transactions between April 24 and May 21.
Maccarthur Coal specialises in the production of pulverised coal used in the manufacture of steel.
The company’s saleable [...]

Wednesday, May 21st, 2008

Strategic Natural Resources gets South African coal mining permit for 1.5ha site

Strategic Natural Resources Plc., set up as a vehicle to develop, own and manage natural resource extraction enterprises in South Africa, said it has received permission to start opencast mining for coal on a 1.5 hectare site in the Elitheni prospecting area.
The company said permission has been granted by the South African Department of Minerals [...]

Monday, May 19th, 2008