Mining News: COAL

'There's a lot of coal at Stockton'

Solid Energy chief executive Don Elder says its Stockton mine which was expected to produce coal for 3-5 years when he first became boss, now "very possibly" had a 20 year-plus extended lifetime. Elder said the state-owned coalminer was confident about

US coal stores fall 1.8 pct for week - Genscape

HOUSTON, Feb 9 (Reuters) - Coal stockpiles at U.S. power plants fell 1.8 percent this week but remained 10.9 percent greater than the same week last year, Genscape said Tuesday. U.S. generators, which rely on coal to fuel about half of U.S. electricity

Western Coal Q3 profit drops to $24 million

VANCOUVER, B.C. - Western Coal Corp. (TSX:WTN) says its quarterly profit fell to $24 million or nine cents per diluted share in the three months ended Dec. 31. That's down from a profit of $62.5 million or 29 cents per diluted share in the year-earlier

Caterpillar buys into the FutureGen Alliance

Caterpillar Inc., the world's largest maker of mining and construction equipment, plans to join a coalition of companies planning to build an experimental clean-coal power plant known as FutureGen near Mattoon. The newest member of the FutureGen Alliance

EDITORIAL: A source of coal comfort

In an overdue stroke for common sense and the common good, the state will call on energy companies to keep closer watch over their coal ash ponds. The N.C. Division of Water Quality will require Progress Energy and Duke Energy to monitor groundwater near

Critical Alerts for Caterpillar, Schlumberger, Best Buy, Western Union, and Arch Coal Released by Seven Summits Research

CHICAGO, Feb. 9 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for CAT, SLB, BBY, WU, and ACI. Seven Summits Strategic Investments' PriceWatch Alerts are available at http://www.iotogo.com/s/020910B (Note: You may have to copy this link

CIL revises coal production for 11th Plan

KOLKATA: Coal India Ltd (CIL) on Tuesday said it has lowered its production target to 486 million tonnes from 520 million tonnes for the 11th Five Year Plan period (2007-12) in a mid-term review. 'We have revised the production target to 486 million tonn

Compliance Energy provides Raven Project update

TSX-V TRADING SYMBOL: CEC VANCOUVER, Feb. 9 /PRNewswire-FirstCall/ - Compliance Energy Corporation ("Compliance" or the "Company") is pleased to provide an update on the Raven Underground Coal Project, which is located on Vancouver Island, B.C.. Good

UPDATE 2-Alpha Natural Q4 profit rises, hikes coal forecast

* Adjusted Q4 EPS 51 cents; Wall St view 45 cents * Raises forecast for metallurgical coal shipments * Stock rises 5 pct in premarket trading (Recasts, adds production data, CEO comments, stock rise) NEW YORK, Feb 9 (Reuters) - Coal miner Alpha Natural

Alpha Natural Resources Q4 profit jumps

The coal miner also raised its forecasts for steelmaking coal shipments

Western Coal Q3 profit drops to $24 million, revenue falls to $118.7M

VANCOUVER, B.C. - Western Coal Corp. (TSX:WTN) says its quarterly profit fell to $24 million or nine cents per diluted share in the three months ended Dec. 31. That's down from a profit of $62.5 million or 29 cents per diluted share in the year-earlier

Czechs Tap Norwegian Consultancy Firm On Review Of CEZ Coal Plant

PRAGUE -(Dow Jones)- The Czech Ministry of Environment said Tuesday it has chosen Det Norske Veritas, or DNV, a Norwegian consultancy, to study the global environmental impact of the planned renovation of a Czech-based coal-fired power plant, owned by

$70b Chinese coal deal in doubt (ABC)

It remains unclear whether or not a Queensland coal company has actually signed Australia's largest export deal with China.Last weekend billionaire businessman Clive Palmer and Queensland Premier Anna Bligh announced a $70 billion deal with China.It was

China denies Palmer's coal deal

ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia's biggest export 'contract' to supply coal to China from a new Queensland mine. China Power International

International Coal Downward Momentum Looks to Continue (ICO)

International Coal Downward Momentum Looks to Continue (ICO)

International Coal Downward Momentum Looks to Continue (ICO) - Zi...

Company: International Coal Group Inc (ICO) SmarTrend identified a Downtrend for International Coal (NYSE:ICO) on December 08, 2009 at $3.75. In approximately 2 months, International Coal has returned 6.7% as of today's recent price of $3.50.

Czechs tap Norwegian firm for coal plant study

PRAGUE (Reuters) - The Czech environment ministry has picked Norwegian firm DNV to assess expansion plans at a coal-fired power plant which has raised objections from the tiny Pacific nation of Micronesia. In December, the Federated States of Micronesia

Speculation rampant about future of Donkin coal mine in N.S.

SYDNEY, N.S. - Speculation is rampant on the future of the Donkin coal mine but the answer should finally be known this week. Xstrata Donkin Coal Management will hold a community meeting at the Donkin fire hall on Wednesday night to update residents on

Atlantic Coal raises £400,000 following Pagnotti settlement and Maple Carpenter Creek acquisition

Atlantic Coal plc is a trans-Atlantic group focussing on open cast mining and processing of high-grade anthracitic coal. Atlantic Coal plc is based in the UK with its first operating mine and anthracite preparation plant being the Stockton Mine in

ČSSD head pushing for lifting coal mining limits

Prague, Feb 8 (CTK) - Czech Social Democrat (CSSD) chairman Jiri Paroubek said Monday he personally supports the lifting of coal mining limits in north Bohemia because this would help lower unemployment in the Usti Region, but added that a regional

Mining magnate corrects China boast

MINING millionaire Clive Palmer has corrected his announcement of a $US60 billion ($69.5bn) coal-supply deal with China, after a Chinese company official said price talks had not yet started. Mr Palmer said on the weekend that his company, Resourcehouse,

Are Diamonds In The Cards For Coal

While many market forecasters are expecting a slowdown in commodity demand due to a reduction in stimulus around the globe, coal is one commodity thats expected to stand strong. The reason coal prices are expected to remain buoyant is unprecedented

and #36;US60b coal claim was estimate: Palmer

Queensland billionaire Clive Palmer has backed down from claims he signed a $US60 billion ($A69.38 billion) export coal contract with a Chinese group, saying the price was only an estimate. The chairman of Resourcehouse Ltd also admitted on Tuesday he

RAVEN PROJECT UPDATE - COMPLIANCE ENERGY CORPORATION

Compliance Energy provided an update on the Raven Underground Coal Project, which is located on Vancouver Island, British Columbia, Canada. Good progress has been made on the completion of the feasibility study which is anticipated to be released early in the third quarter of 2010. In the summer and fall of 2009, the Company completed a 42 hole drilling (9989 metres) and structural mapping programs. The drill program confirmed continuity of the coal seams as anticipated.

China's CIC fund bets on North American coal, gold, iron ore, potash

The $200-billion China Investment Corp. has made substantial investments in the North American mining industry and, in particular, Teck Resources.

Australia miner admits China name bungle in mega-deal

A giant coal dredger tears into the Loy Yang Open Cut coal mine near Melbourne. Australian miner Resourcehouse Tuesday admitted giving the wrong name for a Chinese company involved in a 60 billion US dollar coal deal, but insisted the agreement was

Resourcehouse named wrong company in coal deal

HONG KONG (MarketWatch) -- Australia's Resourcehouse said Tuesday it made an error when referring to the name of the Chinese company with which it has sealed a major coal supply contract, clarifying that it is actually working with China Power

China Power denies coal deal with Resourcehouse

HONG KONG (AFP) - China Power International on Tuesday denied it had signed a 60 billion US dollar deal to buy coal from Australian miner Resourcehouse.

China Power denies $69b deal with Resourcehouse (AAP)

Queensland billionaire Clive Palmer has had to back away from claims he had signed a $US60 billion ($A69.38 billion) export coal contract with a Chinese group, saying the price was only an estimate.Mr Palmer, the chairman of Resourcehouse, on Saturday

Australia reopens key coal freight line after repair

PERTH, Feb 9 (Reuters) - A key rail line in Australia's major coking coal region has been partially reopened after a train derailment shut it for nearly a week, operator Queensland Rail said on Tuesday. The rail firm said one of the two tracks of the

China Power denies mega-deal with Palmer firm

China Power International Development has denied media reports that it had agreed to buy 30 million tonnes of coal annually for the next 20 years from Hong Kong IPO candidate Resourcehouse, the iron ore and coal company controlled by Queensland

China casts doubt on $69bn mining deal

MINING magnate Clive Palmer's $US60 billion ($69 billion) export coal deal may be nowhere near as watertight as it sounded in weekend reports, with China's state-controlled Xinhua news agency saying yesterday it was only a framework agreement. The news

Arch Coal's Coal-Mac Operation Honored With Three Safety and Environmental Awards in West Virginia

CHARLESTON, W.Va., Feb. 8 /PRNewswire-FirstCall/ -- Arch Coal, Inc. (NYSE: ACI) today announced that Coal-Mac, Inc. has earned three top West Virginia state honors for achieving a strong safety performance and exhibiting exemplary environmental care. The

No Bidders For Montana Coal-Mining Lease Sale

SAN FRANCISCO -(Dow Jones)- The outlook for a coal-mining lease sale by the state of Montana was unclear Monday, after the state received no bids. The state solicited bids in December for coal leases on 14 parcels of state land in the Otter Creek area of

More than 100 CSX train cars spill coal in Pa.

APPLICATION Disaster Relief UPREHS Mortgage Services

S.Korea KOSPO to import 13 mln tonnes coal in 2010

SEOUL, Feb 9 (Reuters) - Korea Southern Power Co Ltd (KOSPO) said it will import 13 million tonnes of coal this year, 500,000 tonnes more than last year, because of higher operations at a new power plant completed last summer. The utility said in a

Speculation rampant about future of Donkin coal mine in Cape Breton

Speculation is rampant on the future of the Donkin coal mine but the answer should finally be known this week. Xstrata Donkin Coal Management will hold a community meeting at the Donkin fire hall on Wednesday night to update residents on whether or not

Kingaroy UCG plant commissioning begins

Cougar Energy has begun commissioning on its pilot Underground Coal Gasification (UCG) plant at Kingaroy, Queensland.

Australian developer secures long-term Chinese coal deal

(Argus) â€' Australia-based coal and iron ore project developer Resourcehouse said it has secured a 20-year thermal coal supply deal with Chinese utility China Power International Development, supplying 30mn t/yr worth $3bn/yr or about $100/t. The

Petron plans coal-fired power plant for refinery

(Argus) Philippine oil firm Petron is planning to build a coal-fired power plant to meet its refinery's increasing electricity requirements. The $200mn, 70MW power plant will be built within Petron's refinery compound at Limay in Bataan province, a

Caterpillar joins backers of power plant project

MATTOON, Ill. -- Caterpillar Inc., the world's largest maker of mining and construction equipment, plans to join a coalition of companies planning to build an experimental clean-coal power plant known as FutureGen, key politicians announced Monday. Gov.

Isolation and Identification of Methyl Alkanoates from Lingwu Coal

Energy & Fuels, Volume 0, Issue 0, Articles ASAP (As Soon As Publishable).

North Alpha drilling reveals major coal resource

Drilling at Waratah Coal's North Alpha project has revealed an additional coal resource of 3.48 billion tonnes, nearly doubling the company’s total resources. In a statement released last week, the company's owner Clive Palmer said the miner’s total

Mongolia Considers Selling Stakes of Copper, Coal, Gold Assets

Feb. 9 (Bloomberg) -- Mongolia, the Asian nation with some of the world’s largest untapped mineral resources, is considering setting up separate companies owning the country’s gold, copper and coal reserves and using investment banks to sell shares

Australian Greens question colossal China coal deal

SYDNEY (AFP) A massive Australian coal export deal with China, seen as boosting the economy and creating jobs, would ultimately result in enormous , The Greens political party said Sunday. Australian miner Resourcehouse announced Saturday it had secured

L and L Energy, Inc. (LLEN.OB) Announces Subcontract Agreement for ZoneLin Coal Coking Operations in Yunnan Province of China

L&L Energy, Inc., a coal-mining company founded in the United States in 1995 serving the Chinese coal market, recently announced that the company has subcontracted the operations of ZoneLin Coal Coking located in Yunnan Province of China through its

Americas Energy Company Completes Acquisition of Evans Coal Corporation

(MARKETWIRE via COMTEX) ----Americas Energy Company - AECo (OTCBB: AENY) announced the closing of the acquisition of Evans Coal Corporation. Evans Coal Corporation is a 36-year-old mining company based in Flat Lick, Kentucky. Evans Coal Corporation's

Sino Clean Energy, Inc. Begins Production at New 200,000-Ton Capacity Facility

Coal Water Mixture Production Reaches Total Capacity of 850,000 Metric Tons BEIJING, Feb. 8 /PRNewswire-Asia-FirstCall/ -- Sino Clean Energy, Inc. , which produces and distributes coal-water mixture in the People's Republic of China ('PRC'), today

Xstrata stops production at Tahmoor mine

Xstrata Coal will stop production at its Tahmoor mine in New South Wales and lock-out the operation's employees for one week due to ongoing strike action. The Swiss mining giant said on Monday production at the colliery had ceased until Sunday February

Income gap dealt blow with $85b coal deal

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