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China Shenhua Energy to Continue Bid Coal Exploration Projects in Tavan Tolgoi, Mongolia
China Shenhua Energy Co Ltd said it is still in the running for a stake in Mongolia’s massive Tavan Tolgoi project, adding a new twist in the long-running tussle for what has been billed the world’s largest untapped coking coal resource.
Shenhua’s President Ling Wen’s comments on Tuesday came after Mongolia said it had cancelled the [...]
Massey Energy Hopes to Sell More Than 20 Million Tons of Metallurgical Coal
Mine operator Massey Energy Co. said Wednesday that its $960 million acquisition of rival Cumberland Resources this week will help double sales of expensive coal used in steel mills by 2012.
Massey hopes to sell upwards of 20 million tons of metallurgical coal a year by then, riding strong demand from the burgeoning economies of Asia.
Cumberland [...]
Sasol Coal Mining Company to Build New Coal Mine Exports
Coal mining company Sasol has allocated R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation.
The Thubelisha export coal mine, already under construction, will also supply Sasol’s synfuels factory in Secunda, in Mpumalanga province.
Sasol Mining’s output in the six months to December 31 was up 6%, but its profit of R170-million was [...]
PTC India Plans Joint Ventures for Coal Mining Assets
PTC India Ltd., the country’s largest power trader, plans to form joint ventures to buy stakes in mining projects abroad to help secure fuel supplies for Indian power producers who face coal shortages, its chairman said Monday.
New-Delhi based PTC plans to buy coal assets with overseas and Indian companies in Indonesia and Australia and may [...]
Brazil Invests Multi-Billion Dollar for Natural Resources in Africa
Brazil, South America’s largest economy, is riding the growing tide of investment in Africa.
In fact, it is boldly poised to edge out other newly emerging economies such as hina and India with multi-billion dollar investments in natural resources. In Africa, once remote regions of Mozambique are reportedly turning into boomtowns, bustling with migrant workers and [...]
JSW Steel Plans Investment In Coal Mining Assets
Largest steel maker in India, JSW Steel to search coal mining assets that allows for investment. Search coal mining assets include some countries that have the potential of coal resources. Investment plans in anticipation of a coal mine which supplies coal needed by the company to continue production of steel.
Peabody Energy To Invest $ 70 Million For Development Of Coal Mines In Australia
Coal demand continues to increase, particularly of steel companies in China and India. Both these countries are the largest coal importer. Trend of increasing coal pushed some coal mining companies increase their coal production to meet demand for coal. Climatic conditions and the growth of steel industry in China is a factor affecting the increased [...]
Australia-based Mining Company IRL to Develop Biharinath Coal Mine, West Bengal
IRL, Australia-based mining company has signed a letter of intent with Bankura DRI to develop and operate coal mines Biharinath. Contract operation and development of coal mines Biharinath will last for 30 years at a cost of AUD $ 500m investment. Biharinath coal mines located in the Indian state of West Bengal.
Joint Venture Coal Mining Company MEC Supply Coal To Tata Power
Middle East Coal (MEC) is a joint venture between the coal companies United Arab Emirates, RAK Minerals and Metals Investment (RMMI) and the UAE-based mining company Trimex. Middle East Coal (MEC) is in talks with Tata Power, the largest private power company in India. MEC has a source of coal mines that will be produced [...]
