Coal

Hancock Prospecting has opened its 100,000 t Alpha test pit. The launch represents “the historic first mining of the Galilee Basin,” in Queensland, Australia.

A letter from members of the UN High Level Advisory Group on climate change financing.

The Department of Energy and Climate Change has opened up its carbon capture and storage demonstration programme to projects on gas-fired power plants.

Morocco’s power utility, ONE, has awarded a consortium led by UK company International Power the contract to build a 1300 MW coal-fired power plant

South Korea, the second largest importer of Australian coal, will reduce its dependence on the fossil fuel as part of a wide-ranging plan to green its economy.

Arch Coal Inc. has announced a 42% growth in revenue for Q3 2010 at US$ 2.35 million compared to US$ 1.85 million in the corresponding period of last year. The results have been attributed to more favourable coal market conditions and the acquisition of Jacobs Ranch mine into its Black Thunder operations.

With players from the US and China seeking stakes in the Australian coal mining industry, Whitehaven Coal, an independent coal producer in the Gunnedah Basin, has put itself up for sale, announcing a formal process to identify potential buyers that will offer best interest to all share holders.

Adani has won a bid to develop and mine coal from the Chendipada coal block in Orissa, India.

According to Wood Mackenzie, a consultancy, Indonesia is well place to benefit for potential coal upgrading technologies, as low rank coal projects will achieve higher operating margins and increased market opportunities through an upgraded product. This means Indonesia will be competitive with bituminous coal producing countries, as well as increasing its commercial attractiveness for investors.

Massey Energy posts a loss in Q3, blaming it on production losses caused by the actions of the Mine Safety and Health Administration.

A new underground coal mine is to be opened in Hamilton County, Illinois, creating approximately 300 construction jobs and 350 permanent jobs.

Demand for met coal has prompted United Coal to reopen the Affinity mine in West Virginia, which has been closed since 1985.

After detecting traces of BTEX around eight coal seam gas wells in southern Queensland, Australia, Origin Energy has suspended drilling operations until it can find the source of the contamination.

E.ON has announced it is canceling plans to build the UK's first commercial CCS coal-fired plant at Kingsnorth in Kent.

Alexander A. Ignatov, Ignatov & Co. Group, Russia, examines the major players competing in mine privatisation, following the Ukrainian Government’s planned reorganisation of the coal market