Coal Mining

News tagged with Coal Mining on Mining Top News

Indonesia: Mining amendment may attract investment

April 18th, 2008
Indonesia: Mining amendment may attract investment

A new arrangement in the mining bill which limits land for mining use may not spook potential mining investors, as long as the government provides legal certainty for the future of operations, an association says.
Indonesian Mining Association (IMA) executive director Priyo Pribadi Soemarno told The Jakarta Post on Monday that investors should not see the [...]

Alaska gas pipeline gets Conoco, BP, perhaps Exxon on board

April 17th, 2008
Alaska gas pipeline gets Conoco, BP, perhaps Exxon on board

The world of oil and gas pipelines has long seen its share of hopes and letdowns, and prospects to get Alaska’s massive gas reserves to market are on their way up. ConocoPhillips and BP announced last week they would bid on the pipeline, and perhaps Exxon Mobil would join it, The New York Times reports.
Alaska [...]

China Coal studying investments in Australia, Indonesia

April 17th, 2008
China Coal studying investments in Australia, Indonesia

China Coal Energy, the country’s No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world’s largest coal market.
China Coal, the country’s largest coal producer after Shenhua Energy, also expected to export about as much of the hydrocarbon this year as it did [...]

Indonesia plans to limit mining areas

April 17th, 2008
Indonesia plans to limit mining areas

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment.
Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn [...]

Indonesia’s Adaro coal output to rise 5 pct in 2008

April 17th, 2008
Indonesia’s Adaro coal output to rise 5 pct in 2008

PT Adaro Indonesia, the country’s number two coal miner, expects its coal production to increase by about 5 percent to 40 million tonnes this year, an Adaro shareholder said on Tuesday.
Sandiaga Uno, whose investment fund Saratoga Capital owns 32 percent of the coal mining firm, said that Adaro is “still on track” to raise between [...]

East Delta Subsidiary Completes Its Chinese Facility for Producing Nickel-Copper Aggregate

April 17th, 2008
East Delta Subsidiary Completes Its Chinese Facility for Producing Nickel-Copper Aggregate

East Delta Resources Corp. announced today that its majority owned subsidiary, Sino-Canadian Metals Inc. has completed construction of a metals processing plant that produces a nickel-copper aggregate from ore supplied by local mines.
The facility, owned by Sino-Canadian through its Joint Venture in China, is located in Qinghai Province and has been in development for over [...]

Russia’s Mechel buys over 95% of shares in Britain’s Oriel

April 17th, 2008
Russia’s Mechel buys over 95% of shares in Britain’s Oriel

Mechel, a leading Russian mining and metals company, said on Thursday it had acquired 95.69% of shares in the UK-based Oriel Resources Plc, which owns assets in Russia and Kazakhstan.
Mechel made a $1.498 billion purchase offer to Oriel, a London-based chrome and nickel mining and processing company valued at around $1.2 billion, in late March. [...]

Russia OGK-3 wins rights to 34 mln-tonne coal field

April 17th, 2008
Russia OGK-3 wins rights to 34 mln-tonne coal field

The deposit, in the Republic of Buryatia in Russia, makes up one section of the larger Okino-Klyuchevsky coal field, which has 200 million tonnes of reserves and is about 120 km (75 miles) - MOSCOW, April 16 - Russian electricity producer OGK-3 has won a tender to develop a coal field with reserves of 33.8 [...]

Beijing pushing for iron ore assets

April 17th, 2008
Beijing pushing for iron ore assets

Beijing is poised to take greater control of China’s push to secure Australian iron ore assets, amid speculation that Chinese entities are considering a $22 billion-plus share raid on BHP. China’s top planning agency says its state-owned enterprises needed greater “macro-guidance” to reduce risks and competition, given the spiralling value of iron ore assets, The [...]

Steelmaker boosts prices, cites energy, iron ore costs

April 17th, 2008
Steelmaker boosts prices, cites energy, iron ore costs

A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said.
Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 [...]