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Goldman Sachs Settlement of Cases Affecting Gold Price Rise
Some time ago the gold price declined sharply since the case of Goldman Sachs. The gold price almost reached the lowest point of U.S. $ 1.170 / oz. However, gold trading remained above U.S. $ 1.150 / oz at the weekend despite the U.S. dollar strengthened. The cause of the persistence of the price of [...]
BHP Billiton Reached Agreement Coking Coal Sales with Europe and Asia Costumer
Coking coal mining company BHP Billiton has reached a deal volume of hard coking coal sales to customers in Europe and Asia for the year 2010. Asian countries agree on the purchase of coking coal from BHP Billiton, among others, China, India and Japan. All three countries are the largest steel producers in Asia and [...]
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Gulfside Clarifies Agreement to Acquire Coal Project
Robert L. Card, President of Gulfside Minerals Ltd. (the “Company”), reports that as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify disclosure relating to a Letter of Intent agreement to acquire the Erdenetsogt Coal Project in Mongolia.
The Company’s news release dated June [...]
Synenco releases coal resource estimates
Synenco Energy Inc., managing partner of the Northern Lights Partnership (NLP), today released its first independent estimate of coal resources on NLP’s coal lease application area. The coal resource estimate is based on data from 652 exploration holes and the associated Technical Report, dated May 8, 2007, has been prepared by independent qualified persons with [...]
KAL Energy, Inc. Completes Over 2000 Meters of Drilling
KAL Energy, Inc. is pleased to announce that in excess of 2,000 meters of drilling have been completed on Phase 1 of the $2 million 5,000+ meter work program on its Thermal Coal Project in East Kalimantan, Indonesia. This program includes extensive drilling, trenching, sampling and mapping of known geological structures, and exploration for unknown [...]
State-owned power, coal cos at loggerheads over price fixation
The state-owned Bangladesh Power Development Board (BPDB) and the Barapukuria Coal Mining Company Ltd (BCMCL) are in dispute over fixation of coal prices and its extraction.
The BPDB is demanding adequate supply of coal from the Barapukuria coal mine to run the country’s lone coal-fired 250-mega watt (MW) Barapukuria Power Plant.
The BCMCL, on the other hand, [...]
Coal blackens outlook in China
Nils Blythe has travelled to one of China’s main coal producing region to look at how the country is tackling global warming.
“Shanxi province is the worst for pollution”, says local businessman Sung Shue Fung.
“When you are driving you often can’t see clearly in front of you. A lot of accidents happen because people can’t see.”
India’s steel industry steps onto world stage
Tata Group’s new status as the world’s fifth-largest steel firm signals a milestone for the Indian economy.
There was much jubilation in India when the Tata Group, an Indian conglomerate, won a bid late last month for the Corus Group, an Anglo-Dutch steel firm. The deal catapulted the new global entity to become the world’s fifth-largest [...]
