The senior vice president and chief information officer of coal producer Foundation Coal Holdings Inc. exercised options for 2,100 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, James A. Olsen reported he exercised the options Monday for $4.87 [...]

China Coal Energy Co , the country’s No. 2 coal producer, plans to more than double capital spending in 2008 as it pushes a rapid production expansion plan.
Executive Director Yang Lieke told reporters on Thursday the firm intends to set aside 16.16 billion yuan to spend on its core coal and coal chemicals businesses this [...]

Xstrata, the world’s largest thermal coal exporter, has settled thermal coal contracts with Japan’s Chubu Electric for the business year starting this month at $125 a tonne, up 125 percent, a source close to the deal said on Monday.
The settlement price compares with last year’s $55.65, based on Xstrata Plc’s final settlement price with a [...]

South Korean steelmaker POSCO said on Monday it has agreed to a sharp rise in coal prices with an Australian miner for fiscal year 2008.
POSCO, the world’s fourth-largest steelmaker, had agreed on a 205 percent to 210 percent hike in coking coal prices with the Australian supplier from April 1, a company spokeswoman said.
Earlier in [...]

An Adelaide-based company has struck a deal to provide clean coal technology to an energy consortium in the United States.
GTL Energy Limited has signed a memorandum of understanding for the technology to be used in an electricity plant in North Dakota.
It is expected that the technology will transform low-grade coal into a cleaner fuel, to [...]

Cambrian Mining has admitted it is in talks with the independent executive director of Coal International (LSE: CLN.L - news) about a possible offer for the coal group.
“Current discussions are focussed on a share for share exchange with the proposed ratio still under negotiation,” it said in a short statement Friday.
“Discussions with Coal International form [...]

Downer EDI Limited today announced that the company’s Mining Division, Downer EDI Mining, has signed long-term contracts with Peabody Pacific Pty Limited (Peabody) for its Millennium and Wambo open cut coal mining projects.
This follows the announcement on 21 December 2007 that Peabody had selected Downer EDI Mining as the preferred tenderer for these projects.
With a [...]

Cambrian Mining Plc. confirmed it is in talks with the independent executive directors of Coal International Plc. regarding a potential offer to acquire the issued share capital of Coal International not already owned by Cambrian.
The company said current discussions are focused on a share-for-share exchange, with the proposed ratio still under negotiation.

With prices for key commodities at record highs, Indonesia — Southeast Asia’s biggest economy and a key exporter — should, at first glance, be enjoying good times.
But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor, analysts say most Indonesians are being squeezed.
Indonesia is the world’s [...]

March 26, 2008) - Red Hill Energy reported today that further to the December 21, 2007 news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as [...]