Peabody Energy Australia has awarded Thiess Pty Ltd a contract to extend mining operations at its Burton coal mine in the Bowen basin, Queensland, Australia. The mine extension will maintain the current production level of 2.5 million tpa of high quality coking coal.
GE and Shenhua have agreed to form an industrial coal gasification joint venture to advance the deployment of cleaner coal technology solutions in China.
Wood Mackenzie’s analysis of the implications of the Queensland floods for the coal industry finds that over half of Australian exports are likely to be affected and the impact of the decrease in exports in this ongoing situation will be felt strongly in global coal markets.
Coal miners across North America are fighting for purchase at export terminals along the continent’s West Coast. Ports and terminals are experiencing a backlog as North American suppliers try to reach the hungry Asian coal market.
Duke Energy and Progress Energy, Inc. announced today that both companies’ boards of directors have unanimously approved a definitive merger agreement to combine the two companies in a stock-for-stock transaction. The combined company, to be called Duke Energy, will be the country’s largest utility.
Arch Coal, Inc. today announced that it has acquired a 38% interest in Millennium Bulk Terminals-Longview, the owner of a bulk commodity terminal in exchange for US$ 25 million plus additional consideration upon the completion of certain project milestones.
January 2011: Kay Sever examines the importance of a great culture between operations and maintenance cannot be over-emphasised because it affects production, cost and morale.
A new technology that could help release some of the currently unusable energy in an estimated 2 billion t of US coal waste has been successfully demonstrated by a Department of Energy (DOE) supported project. The hyperbaric centrifuge technology is aimed at separating the fine coal particles from water, allowing their recovery for energy, and marks a step forward in clean coal separation.
IHS Global Insight analyses the impact of the Queensland floods on the region’s coal production and resulting impact on coal prices.
Riversdale Mining and Rio Tinto have enterd a Bid Implementation Agreement, under which Rio Tinto has agreed to make an all cash off-market takeover bid at AU$ 16/share.
Santos LNG has sold stakes in its Gladstone LNG project to KOGAS and Total and signed a 20 year supply agreement with KOGAS.
Lanco Infratech Ltd, a major Indian infrastructure company, has acquired Western Australian coal miner, Griffin Coal Mining Co. Pty Ltd and Carpenter Mine Management Pty Ltd (Griffin Coal).
Clean Coal technologies has signed an MOU to license its clean coal technology to Huamin Senior Funding Group, of China for US$ 1.5 million.
Xstrata plc has announced that it has approved the US$ 1.36 billion development of the Ravensworth North opencast mine in the in the Upper Hunter Valley of New South Wales, Australia.
CNOOC has acquired a 50% interest in Exoma’s Queensland portfolio of coal seam gas and shale gas exploration blocks; it will contribute AU$ 50 million towards exploration costs as part of the agreement.