Archive for the 'Coal' Category

Sharpe is Negotiating to Complete Development Agreements to Acquire Interests in Two Permitted Coal Mine Properties in Eastern Kentucky

SHARPE RESOURCES CORPORATION: Sharpe has completed letters of intent agreements and deposits to purchase interests in two separate coal mine properties in Eastern Kentucky for $850,000. The projects are expected to close in less than 30 days. One of the projects is located in Pike County, Kentucky and the other is located in Lawrence County, […]

March 24th, 2008 - Posted in Coal, Mining News

Asia Coal-Prices fall to a 5-wk low on tepid demand

Coal prices for power generators at Australia’s Newcastle port, a benchmark for Asia, fell to a five-week low of below $125 a tonne, due to tepid spot market demand and increased supplies from China.
Thermal coal prices fell $5.22 from a week earlier to $124.36 a tonne, the globalCOAL’s NEWC weekly index showed in the week […]

March 24th, 2008 - Posted in Coal

Indian Firm Commits $5 Million to Coal-Powered Energy

India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi.
Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over […]

March 24th, 2008 - Posted in Alternative Energy, Coal, Mining News

Chhattisgarh earns Rs.7 billion in mineral royalty

Chhattisgarh has earned around Rs.7 billion royalty on coal, bauxite and iron ores during the first nine months of the current fiscal 2007-08, officials here said Monday.
The state, which has nearly 18 percent of the country’s total coal deposits and about 20 percent of nation’s iron ore reserves, earned Rs. 8.32 million royalty revenue in […]

March 24th, 2008 - Posted in Bauxite, Coal

Anglo shuts coal mines

Anglo American said Tuesday three of its coal mines open coal supply to electricity utility Eskom has closed because of rain.
“They are all closed. They are not in operation at present, “spokesman Pranill Anglo Ramchander said.
Ramchander said he was unsure when Denmark and New Kriel collieries in the province of Mpumalanga and New Vaal in […]

March 18th, 2008 - Posted in Coal, Mining News

India’s L&T wins 28 mln eur order from China’s Zhongyuan Coal Chemical unit

India’s Larsen & Toubro Ltd (L&T) said it has won a 28 mln eur order from a unit of China-based Zhongyuan Coal Chemical Industry Group, for the supply of a coal gasifier and cooler assembly.
In a regulatory filing, the country’s largest engineering and construction group said the order was won by its heavy engineering division […]

March 18th, 2008 - Posted in Coal

Residents suing over proposed Chuitna coal mine

Chuitna River residents are going to court to fight a coal mine being built in their area.
Residents filed an appeal with the Alaska Superior Court Monday.
The suit challenges Natural Resources Commissioner Tom Irwin’s refusal to consider a petition designating land within the Chuitna River watershed as unsuitable for surface coal mining.

March 18th, 2008 - Posted in Coal

L&T to make world’s biggest coal gasifier plant

Construction major Larsen & Toubro Ltd. (L & T) has bagged a contract worth 28 million euros ($ 44.13 million or Rs.1.70 billion) from China, the world’s largest and heaviest coal gasifier plant.
The Hebi Coal and Electricity Ltd., a subsidiary of Zhong Yuan Coal Chemical Industry Group’s mission.
Information of the Bombay Stock Exchange (BSE), an […]

March 18th, 2008 - Posted in Coal

Rio’s Exploration Scorecard

For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions.
Rio growth with Alcan bought last year and is now off fighting an attempt by […]

March 18th, 2008 - Posted in Coal, Copper, Iron Ore, Mining News

Aurelian Intersects 168.93 Metres Grading 13.16 g/t of Gold and 144.05 Metres Grading 7.41 g/t Gold at FDN With Infill Drilling

Aurelian Resources Inc. announced additional drill results from the Fruta Del Norte (”FDN”) gold-silver deposit discovered in its Condor Project in southeastern Ecuador. The results are from infill holes in the central high grade part of the system on 50 m spaced sections.
“We continue to drill aggressively, with three rigs now pursuing the blue sky […]

March 14th, 2008 - Posted in Coal, Mining News, Oil and Gas, Press Release