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 [...]

Peabody Energy announced that its board of directors has doubled the size of the company’s existing share repurchase program, raising the total authorized amount to $1 billion. The company has been repurchasing shares under this program, which was first authorized in 2005.
“This expanded repurchase program reflects our ongoing commitment to deliver shareholder value,” said Peabody [...]

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 [...]

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 [...]

Fording Canadian Coal Trust announced that it has entered into an agreement to sell all of its assets to Teck Cominco Limited by way of a plan of arrangement, pursuant to which Fording unitholders will receive $93.76 per unit payable in a combination of US$82.00 cash and 0.245 of a Teck Cominco Class B [...]

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 [...]

Research and Markets has announced the addition of the “China Company Report — Yanzhou Coal Mining Company Limited” company profile to their offering.
Yanzhou Coal Mining Company Limited is a listed company held by Yankuang Group Co., Ltd. in controlling shares, whose shares has been listed in Hong Kong, New York, Shanghai in 1998 respectively. It [...]

Synthesis Energy Systems Investments, Inc., a subsidiary of Synthesis Energy Systems, Inc. (”SES” or the “Company”) (OTC: SYMX), a coal gasification company involved in the conversion of low cost fuels into clean energy and chemical products, and Inner Mongolia Golden Concord (Xilinhot) Energy Co., Ltd., a subsidiary of Golden Concord Holdings Ltd. (”Golden Concord”), a [...]

President Bush’s proposed 2008 budget for the U.S. Department of Energy largely passes over “clean coal” projects in Wyoming and the West.
U.S. Sen. Craig Thomas, R-Wyo., grilled Energy Secretary Samuel Bodman last week for not following certain directives set forth in the Energy Policy Act of 2005.
Provisions such as a Western coal-gasification demonstration project are [...]

PT Lahai Coal, BHP Biliton`s subsidiary based in Kalimantan, said it will invest US$50 million in construction of a coal factory in Muara Teweh, Central Kalimantan, a spokesperson said.
“The coal factory will be built on 4,787 hectares of land. Hopefully, it will begin producing coal in the last quarter of this year,” PT Lahai Coal [...]