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Mining

 
 

Peabody Energy announces 2011 results

Peabody Energy has announced in full year results for 2012, reporting an increase in operating profits to US$ 1.59 billion. Investment in Australia will continue apace; however, the company warns of depressed conditions in the US market due to muted economic growth and increased coal-to-gas switching.

 
 

FLSmidth makes offer for Ludowici Ltd

Danish engineering company, FLSmidth, has made an offer for Ludowici Ltd, a leading provider of coal centrifuges, vibrating screens and complementary wear resistant products and services for the minerals industries. The acquisition would enable FLSmidth to complete its coal processing product ofference and strengten the company’s position in one of the largest mining markets in the world.

 
 

Peabody Energy increases Australian production after mine expansions

Peabody Energy will increase its production at the Wilpinjong and Millennium mines in Australia after expansions at both sites were completed. It is expected that the increased production will allow the company to supply an additional 3 – 5 million tpa to the Asian seaborne market.

 

WellDog wins tender from Arrow Energy

WellDog has won a tender to provide hundreds of downhole pressure gauge systems to Arrow Energy Pty Ltd over the next two years.

 
 

Green Gas and A.A. Skochinsky Institute of Mining join forces in Russia

Green Gas International and the A.A. Skockinsky Institute of Mining (SIM) have announced the signing of a co-operation agreement. The agreement facilitates the joint development of coalbed methane (CBM) drainage and utilisation projects in the Russian Federation through a joint venture company.

 
 
 

Joy announces investment in International Mining Machinery

Joy Global Inc. and International Mining Machinery Holdings Ltd (IMM) have jointly announced that TJCC Holdings Ltd (TJCC) and Joy have entered into a share purchase agreement, in which TJCC has conditionally agreed to sell 534.8 million shares of IMM to Joy.

 
 

Digging Upwards

Coal is surging ahead with the recovering economy, but many challenges lie ahead. Gordon cope examines how prospects for US coal are looking up.