Coal

Thousands of coal miners have walked out of metallurgical mines in Queensland in an ongoing dispute over working conditions with coal mining giant BHP-Mitsubishi Alliance (BMA).

Wildhorse Energy Limited, an AIM and ASX listed company focused on developing underground coal gasification (UCG) and uranium projects in Central and Eastern Europe (CEE), has announced the completion of its Preliminary Feasibility Study and an updated JORC Inferred coal resource of 383 million t at the Company’s Mecsek Hills UCG Project in southern Hungary.

The chairman and CEO of Peabody Energy, Gregory H. Boyce, announced on Monday that the global supercycle for coal was ‘alive and well’ with strong market trends related to rising electricity generation and steel demand in China and India, along with constrained global coal supplies.

The Government of India has been criticised for losing billions of dollars from the exchequer by selling coalfields too cheaply. A draft report of the Comptroller & Auditor General (CAG) has accused the Government of distributing 155 coalfields to private and state-owned miners rather than auctioning them off, undervaluing the coal resources by an estimated Rs 10.7 trillion (US$ 210 billion).

March 2011: When any company starts down the improvement path, they set goals for what they hope to achieve. Stated in the simplest terms, these goals represent “What You Want” from a change initiative.

Beacon Hill Resources Plc, the Mozambican coal producer, has announced that it has entered into a strategic marketing partnership with Vitol Coal S.A.

UK Coal has announced that it is considering closing the UK’s biggest deep coal mine, putting 800 jobs at risk.

Xstrata Coal and JX Nippon Oil & Energy have announced the creation of a Canadian metallurgical coal joint venture.

Russell Banham, Deloitte CIS Energy & Resources, explains how Government support could unlock Russia’s vast export potential.

Peabody Energy has announced a new global organisational structure, with the creation of geographic business units in the Americas, Australia and Asia.

Xstrata Coal has agreed to acquire the Sukunka hard metallurgical coal deposit from Talisman Energy Inc. for US$ 500 million in cash, subject to customary conditions.

The Australian Takeovers Panel has published a Declaration and Orders that allows FLSmidth to proceed with its offer of AU$ 11/share for Australian company Ludowici Ltd.

Arch Coal Inc. has announced that its chairman and CEO, Steven F. Leer, will retire as CEO effective 26 April 2012, the date of the company's annual shareholders meeting.

Petmin has signed a renewable five-year agreement that will enable it to export up to 600,000 tpa of metallurgical anthracite from Grindrod Terminals Kusasa dry bulk facility in Richards Bay.

Drax Group plc has abandoned plans for a dedicated biomass power plant, but pledged to invest £50 million to increase its biomass co-firing capacity.