Coal

Riversdale Mining has confirmed that it has held takeover discussions with Rio Tinto.

FLSmidth has made an offer to acquire ESSA Australia Ltd, corresponding to an enterprise value of DKK 170 million.

Walter Energy will acquire Western Coal Corp. for C$ 3.3 billion (US$ 3.3 billion) to create a leading, publicly traded, pure-play met coal producer with total coal reserves of approximately 385 million t and a significant and growing production profile in Canada, the US and the UK.

An update on the rescue efforts at the Pike River coal mine in New Zealand.

Plantation Energy Australia has signed a four year supply deal with Mitsui & Co., worth over AU$ 70 million.

Walter Energy Inc. has announced an acquisition proposal and exclusivity agreement with Western Coal Corp. It has also agreed to acquire a 19.8% stake in Western Coal from Audley Capital.

Continental Coal’s South African subsidiary has completed the US$ 35 million acquisition of unlisted South African thermal coal mining and export coal producing company, Mashala Resources.

A brief look at the new low carbon collaboration between UK and Indian business leaders the ‘UK-India Business Leaders Climate Group.’

Although plagued by the world’s worst traffic jams, the growth of China’s coal industry shows no signs of stopping. Ng Weng Hoong reports.

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.