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 […]
Jasper Mining Corporation has completed the non-brokered private placement financing announced on March 7, 2008. This private placement was originally announced as a brokered private placement which was in error. The Company raised $133,000 through the sale of 380,000 units, each unit consisting of a common share and a one-half share purchase warrant. The financing […]
U Mining Resources Inc. (Other OTC:UMNG.PK - News) today provided updates on the impending agreement in the Republic of Guinea. Comitrag S.A., the majority-owned subsidiary of U Mining, has been preparing the necessary additional documentation to satisfy the requirements of the Company’s official application for the BOOT Agreement.
When U Mining and Comitrag met with Guinea’s […]
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.
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 […]
Russian steel maker Mechel said on Wednesday it has agreed to pay $1.5 billion (750 million pounds) in cash to acquire ferro-chrome producer Oriel Resources as it expands its ferro-alloy business.
Mechel, Russia’s largest coking coal producer, said it would pay 219.86 U.S. cents per share in Oriel, a Britain-based company that operates a ferro-chrome […]
Bulgaria’s regulatory authorities have cleared ArcelorMittal subsidiary Mittal Steel Holdings AG to buy a number of Russia-based coal mining assets from Severstal (RTS: CHMF), the regulator said in a statement.
ArcelorMittal said on January 31 that it was buying a number of coal mining assets in […]