Ncondezi Coal has announced its admission to trading on AIM, the commencement of dealings in its shares on AIM, and the successful raising of US$ 52 million for the company.
New Zealand coal miner, Solid Energy, plans to build an underground coal gasification plant on its Huntly West Coal Mining Licence area, Waikato. The plant, which is subject to approval of the relevant applications, will convert up to 30,000 t of coal into syngas and builds on 5 year’s of investigation by the company.
Close to China and its huge demand for natural resources, Mongolia has vast untapped resources that are ripe for exploitation, including huge coal deposits. Hunnu Coal aims to help develop these resources and has recently acquired a 60% interest in the Buyan coal project, in the giant Tavan Tolgoi coking coal field in the Umnugobi Province of Mongolia.
Xstrata has suspended some of its mining investments in response to the Australian government’s proposed new resource tax.
The transition from a reactive maintenance culture to a proactive one can be beset by pitfalls.
Sable Mining Ltd. have commissioned a bankable feasibility study for the Reitkuil coal project in anticipation of fast-tracking the project.
Rescue efforts are underway to free 32 workers who have been trapped following a coal mine explosion in northern Turkey.
Two methane explosions have occurred at the Raspadskaya coal mine in Siberia, trapping miners underground.
JSW Steel has bought coking mines in West Virginia, USA, to fuel its steel production.
Riversdale Mining has officially opened its Benga coal project in Mozambique, with an estimated potential to produce 20 million ROM tpa of coal for more than 25 years. The company has also signed a contract with MCC to cover open pit mining for the first stage of the project.
In the worst mining disaster in over 25 years, an explosion at an underground coal mine in West Virginia has killed at least 25 miners.
April 2010: Kay Sever outlines how how awareness can be a double-edged sword in improvement.
March 2010: Kay Sever outlines invisible barriers that can sabotage change.
Peabody Energy has reported better than expected results for 2009. EBITDA was US$ 1.29 billion, while revenue totaled US$ 6.01 billion on sales of 243 million t. Asia is driving demand and will continue to do so in 2010. In the US, a recovering economy is expected to increase the raise consumption of coal by 60 – 80 million t.
Fernando Luiz Zancan, Brazilian Coal Association, Brazil, provides an overview of the country's coal industry and examines its future prospects.