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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 [...]
Transnet to Increase Capacity of Coal Rail Line Up To 91 Million tonnes
South Africa’s logistics group Transnet could raise the capacity on its coal rail line to 91 million tonnes in five to six years from 70 million, if the private sector helps foot the bill, its head said on Thursday.
Acting Chief Executive Chris Wells said the cost for the expansion would be “significant” and the company [...]
Mining Company BHP Billiton Iron Ore Production Highest Recorded
Mining company BHP Billiton iron ore production reported from several locations of their iron ore mines to reach the highest rate in the quarter. The highest production of iron ore from the Pilbara region, Western Australia. Production of iron ore from iron ore mines in the Pilbara region of about 54%.
ANZ Estimates That Coal Prices Increased 19 Percent, 2010
Australia & New Zealand Banking Group estimates that the price of coal in 2010 will increase by 19 percent. Coal price rise caused increased demand for coal from China. Coal price increase is estimated at $ 95 a metric ton.
U.S. Coal Producers, Patriot Coal Permits Received Mining Exploration 45 Coal Mines In West Virginia
U.S. Army Corps of Engineers to permit the largest U.S. coal producer, Patriot Coal Corp. 45 to develop a coal mine exploration in West Virginia. Coal mining exploration permits received support from the U.S. Environment Protection Agency.
SouthGobi Energy Stock Offering To Raise $ 400 Million HK
SouthGobi Energy, mining company based in Vancouver, planning to increase sales of shares of approximately HK $ 400 million. SouthGobi Energy shares 80 percent owned by Ivanhoe Mines, the Canadian mining company, the remaining shares are owned by institutional investors and mutual funds.
Coal of Africa To Acquire Thermal Coal Producers Nucoal Mining
Coal of Africa (COAL), coal development company operating in South Africa, plans to acquire a manufacturer of thermal coal NuCoal Mining. This mining company has assets in South Africa in Mooiplaats Coal mining regions.
Brookfield To Expand Coal Capacity At Dalrymple Bay
Brookfield Asset Management, the group that rescued Babcock & Brown Infrastructure (BBI), plans to expand the capacity of the Dalrymple Bay Coal Terminal to capture the benefits of the next commodity boom.
Brookfield’s Toronto-based chief executive, Bruce Flatt, will tour the coal loading facility near Mackay in north Queensland this week, after the company paid $295 [...]
Coal India To Open Cooperation With Other Companies To Develop A Coal Mine Blocks
Some time ago Steel Authority of India Ltd (SAIL) and Tata Steel on the government’s request to allocate a block of Indian coal mines managed by CIL.
Chairman of Coal India Ltd. (CIL) said, little was ready to develop coking coal blocks together Tata Steel. Coking coal blocks to be developed in conjunction with a small [...]
