The second largest coal miner in the US, Arch Coal, on Thursday announced that it had started work on a new three-million-ton-a-year coking coal mine that will operate on the same 200-million-ton reserve base as its Leer operation, in West Virginia.
The share price of Flinders Mine increased by more than 33% on Thursday after the company said that it would seek shareholder approval to de-list from the ASX, to avoid orders from the Takeovers Panel.
A number of Flinders shareholders turned to the Takeovers Panel, after Flinders applied to de-list from the ASX following a strategic review to maximise shareholder value.
Colombia's coal production and exports are likely to remain steady this year, companies said on Wednesday, amid predictions international prices for the fuel will fall in 2019.
The Andean nation is the world's fifth-largest exporter of coal.
The shares in junior coal developer Prairie Mining increased by nearly 24% on Wednesday, after the company confirmed potential international legal proceedings against the government of Poland.
South Africa’s biggest labor federation will embark on a nationwide protest on Wednesday that will keep teachers, policemen, miners and workers at embattled power utility Eskom away from their posts amid a fourth day of rolling blackouts.
Coal miner Stanmore Coal has reported a record first half, with revenues increasing by 791% on the previous corresponding period, while gross profits from operations nearly doubled.
Seizing an opportunity offered by recently relaxed rules, State-run miner Coal India Limited (CIL) has lined up a corpus of around $422-million to kick-start its sputtering coalbed methane (CBM) projects.
The $105-million all-scrip acquisition of Beadell Resources by Great Panther ticked a key box on Monday, as shareholders of the TSX-listed miner approved the transaction.
Shareholders in Beadell, which has a listing on the ASX, will meet in Perth on Tuesday and should they approve the transaction, the Great Panther said the deal should close in the first week of March.
One way to boost coal in the US: Find a spot near a mine with no access to oil or natural gas pipelines, where it’s not particularly windy and it’s dark much of the year.
The Indian Power Ministry has issued directives to its counterparts in the Coal Ministry and Indian Railways (IR) to give the highest priority to dry fuel supplies to pithead thermal power plants, in light of a trend of lower coal dispatching from Coal India Limited (CIL) and an expected summer spike in electricity demand.