Google scraps renewable energy cheaper than coal initiative

Google is in the midst of some, as they call it, spring cleaning out of season. They are shutting down a number of projects that haven’t quite hit the mark the way they had hoped. Unfortunately for the environment, Google’s four year long “Renewable Energy Cheaper than Coal RE” project is in the trash bin. The original premise was to invest in...

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Blastcrete Equipment introduce new mine mate machine

Blastcrete Equipment has introduced the Mine Mate, designed to mix and pump concrete material for underground mine sealing and stabilisation, grouting and various other shotcrete applications. The Mine Mate is a convenient solution when ready-mix concrete is not an option. Featuring Blastcrete’s X-10 ultra-high pressure swing tube pump, it is a...

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Trafigura to boom as giant Mongolia awakens

Trafigura Beheer BV plans to expand in Mongolia to deliver more iron ore, coal and copper to the China market. Mr Mikhail Zeldovich head of Trafigura’s Russia and Mongolia unit said that it secured its first iron ore and coal supply agreements in the country in the past few months. Talks on more accords are in progress and Trafigura’s first Mongolian...

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Coal extraction in Bangladesh from proven reserve unlikely within 2 yrs

Experts said that commercial extraction of the country's proven coal reserve is unlikely to start, at least within the next couple of years, despite the desperate national needs for use of this fossil fuel to generate electricity. According to them, the government's target to generate 20,000 MW power by 2021 would be difficult to achieve without...

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China to boost its domestic iron ore supply - Report

Economic Observer quoted sources with the China Iron and Steel Association said China will boost the domestic supply of iron ore to a large extent during the 12th Five year Plan period (2011-15) in order to rely less on the three world mining giants Vale, Rio Tinto and BHP Billiton. The sources said the percentage of domestic supply will rise...

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China may implement protective development of coking coal

It is reported that at the China Mining Congress & Expo 2011 held at November 6 to 8 in Tianjin Meijiang Convention and Exhibition Center, a market player has stated that China may implement protective development of coking coal. China-based National Energy Administration is studying and More N...

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Heron Resources stars drilling at Shay Gap project

Heron Resources has commenced a reverse circulation reconnaissance drilling program at its 100% owned Shay Gap Iron Ore Project in the Pilbara, Western Australia, targeting Detrital and Channel Iron Deposits. The Shay Gap Project, which covers 290 square kilometres, is located about 160 kilometres east of Port Hedland, and directly south-west...

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Athena Resources drilling extends high grade magnetite at Byro Iron Ore Project

Athena Resources latest drilling has expanded the high grade magnetite horizon at the Byro South and Whitmarsh Find prospects within the Byro Iron Ore Project. All drill assay and rock chip results indicate the magnetite iron ore is of similar high grade and quality at FE1, Byro South and the Whitmarsh Find ore bodies. Magnetite intersections...

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Adaro Energy sees rising coal production

Indonesia’s second biggest coal miner Adaro Energy aims to produce 53 million to 55 million tonnes of coal in 2012, up from 46 million to 48 million tonnes forecast for this year. Mr Garibaldi Thohir president director of Adaro said that he expected the company to maintain an average Read M...

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Salmon River ink MoU with General Steel Holding

Salmon River Resources Ltd announced that it has signed a non binding MoU with General Steel Holdings Inc a company listed on the New York Stock Exchange, for itself and on behalf of certain subsidiaries and affiliates regarding rights to purchase part of any future iron ore production from Read M...

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Indian white coal gains popularity in Europe

Commodity Online reported that the white Coal produced from agricultural waste in Rajasthan has gained popularity in European countries. The white coal produces very low level of carbon which helps to protect the environment as result the demand for the commodity has been rising in Europe Read M...

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Rio Tinto and University of Western Australia developing advanced exploration technology

World leading mining exploration technology from Rio Tinto's Mine of the FutureTM program attracted a visit today from His Royal Highness The Duke of Edinburgh as a prelude to the Commonwealth Heads of Government Meeting in Perth.br> At The University of Western Australian His Royal Highnessbr> Read M...

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Mitsubishi Corp reports H1 net profit fall

Japanese trading house Mitsubishi Corp said that its net profit for the six months ended September 30 fell 8.3% from a year earlier, citing lower margins from trading in natural resources and steel. Mitsubishi, Japan's biggest trading house by revenue, also said it has decided to invest Read M...

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Chinese coal prices up by 2pct

China's raw coal prices edged up further last week, buoyed up by increased demand from coal consumers for winter use, the Ministry of Commerce was cited as saying.The demand for the fuel has escalated as coal consumers try to stockpile ahead of a frosty winter. Power plants in South China also accelerated purchasing activity, which gave another...

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Zimbabwe Hwange Colliery plans to ship coal through Maputo

Bloomberg cited Mr Oliver Maponga Business Development Manager as saying that Hwange Colliery Ltd Zimbabwe largest coal miner plans to ship 30,000 to 50,000 tonnes of coal a month through Mozambique’s port of Maputo. Mr Maponga said Hwange is in talks with port authorities after starting to use Mozambique central Beira port last year. The company...

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Why Baltic index edging higher

Reuters reported that the Baltic Exchange main sea freight index which tracks rates to ship dry commodities inched higher recently although a potential pullback in Chinese iron ore imports would put the put the brakes on a recent rally in the larger capsize market. Brokers said the market was watching to see if weaker than expected Chinese economic...

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S Korea WP seeks 260000 tonnes coal for Nov to Dec

Reuters quoted the utility said Korea Western Power Co Ltd is seeking 260,000 tonnes of bituminous coal for arrival between November 15 and December 15 through a spot tender. The utility said the tender for NCV minimum 5,600 kilocalories per kilogram bituminous coal supply to Taean Power Plant will close at 2 PM on October 20. (Sourced from Reute...

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African Minerals to ship iron ore from Tonkolili mine in Sierra Leone by end October

Reuters quoted the London listed metals explorer and developer said African Minerals Ltd will start exporting iron ore cargoes to China and Europe from its Tonkolili mine in Sierra Leone at the end of this month. The company commenced mining iron ore in Sierra Leone in December 2010 and has since stockpiled material. Iron ore exports will start...

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Gunvor buys 33pct of US coal mine for USD 400 million

Interfax reported that Gunvor the commodities trader founded by Gennady Timchenko and Torbjorn Tornqvist has acquired a coal asset in the United States. Pinesdale LLC a unit of Gunvor Group has paid USD 400 million for a one-third interest in the Signal Peak coal mine in Montana, one of the sellers. FirstEnergy will receive USD 260 million...

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Afferro Mining identifies significant iron ore target at Ntem in Cameroon

Shares in Afferro Mining said that it has identified a significant target within its Ntem iron ore permit in south west Cameroon. Following interpretation of the latest airborne geophysical survey over the property, the company said it has identified a number of prospective targets at Ntem. The strongest of these displays magnetic properties...

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Bacchus Marsh coal drill exceeds expectations

It is reported that opponents of brown coal exploration near Bacchus Marsh west of Melbourne fear better than expected results will boost the likelihood of mining there. Mantle Mining reports there is an estimated 1 billion tonnes to 2 billion tonnes of brown coal in the area. The company says two of its four drill holes around Parwan have coal...

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Newland Resources delivers maiden 150 million tonnes JORC Resource at Comet Ridge coal project

22 times viewed. Friday, 21 Oct 2011Newland Resources has reached its first major milestone for the Comet Ridge Project area in the Bowen Basin of Queensland with the release of a maiden JORC Resource of 150 million tonnes of coal. Independent geologists, McElroy Bryan Geological Services prepared the JORC Resource Statement. The Resource has...

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China Guangxi province ranks second for coal imports

Southwest China’s Guangxi province has become one of the country’s largest coal importers, second only to Guangdong province. Coal imports via the ports of Guangxi province have seen continuous increase in recent years, rising to 16.905 million tonnes in 2010 from 3.4 million tonnes in 2005, at an annual growth rate of 37.8%. Statistics from China...

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Jameson Resources eyes return to Canadian coal space with project acquisitions

Jameson Resources has exited a voluntary trading suspension after announcing two separate deals to acquire coal assets in northeast British Columbia, Canada likely to be popular with investors. The company which requested a voluntary suspension from the ASX on Monday has entered into a sale and purchase agreement to acquire Dunlevy Energy which...

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Fancamp Exploration intersects 30pct Fe at Lac Lamelee South Project

Fancamp Exploration Ltd provide the first assay results from the Company drill program on the 100% owned and previously undrilled Lac Lamelee South Project which is located about 15 kilometers west of ArcelorMittal Fire Lake Mine. The three holes reported cover some 300 metres strike Read M...

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China Coal resumes output at two mines halted after deaths

Bloomberg reported that China Coal Energy Co has resumed production at two of five mines that were suspended after flooding killed 10 workers at a site run by its parent. The company said in a statement to the Hong Kong Stock Exchange the mines passed a safety inspection by local authorities in Shanxi province. Three other sites are starting checks. Xinhua...

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Coal shortage hits power generation at NTPC Ramagundam unit

It is reported that power generation at NTPC Ramagundam super thermal power project located in Andhra Pradesh has been adversely impacted due to shortage of coal supply from Singareni Collieries Company Ltd. SCCL miners are agitating in support for separate statehood of Telangana. Of the 2,600-MW of installed capacity at Ramagundam, NTPC plant...

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Composition of Metso nomination board

13 times viewed. Tuesday, 04 Oct 2011Metso Annual General Meeting decided on March 30, 2011 to establish a Nomination Board to prepare proposals on members of the Board of Directors and their remuneration for the next Annual General Meeting which is planned to be held on March 29, 2012. The representatives of the four largest shareholders registered...

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Redar Iron identifies DSO iron ore targets at Jackson and Boondine projects

It is reported that Radar Iron is about to ramp up news flow across several of the company's projects. The latest positive news is that iron ore targets have been identified from an aeromagnetic survey which includes an additional 20 kilometres of magnetic responses. The survey was over the Die Hardy, Boondine and Jackson projects which are located...

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Queensland Galilee Basin could generate 6000 jobs

It is reported that a new coalmine in central Queensland Galilee Basin could generate 6000 jobs during construction and 1500 places during the mine life. More details on Waratah Coal USD 8.3 billion Galilee Coal project became available recently when the company released its environmental impact statement. The project involves a series of new thermal...

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Zimbabwe deadline for foreign firms looms

It is reported that foreign companies operating in Zimbabwe had until Sunday to hand in plans to sell majority stakes to local blacks under a law that has alarmed investors who are uncertain how the rules will work. The government order for the transfer of 51% ownership has been called the final phase of economic emancipation after controversial...

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Mongolia high plains herders warily eye coal truck road

Reuters reported that a lone cement ribbon bisecting hundreds of miles of shale and scrub on the high plains of Mongolia Gobi Desert may be a talisman or curse for nomadic herders that trace their lineage to the empire of Mr Ghengis Khan. Carved into the Gobi by the Hong Kong listed Mongolian Mining Corporation the 147 mile and two lane roads is...

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Avonlea Minerals appoint Non Executive Chairman

Avonlea has appointed Mr David Macoboy as Non Executive Chairman effective immediately. Mr Macoboy brings to the Board a wealth of experience across a range of industries especially in the areas of corporate strategy, finance, project evaluation and development, and management. Mr Macoboy has over 20 years in the resources sector joining Avonlea...

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US coal units to retire as EPA tightens rules

(Sourced from Reuters) Reuters has made a partial list of US coal plants that energy companies expect to retire in the coming years. Some units may be converted to burn alternative fuels or be replaced with natural gas fired generation. OWNER UNIT SIZE STATE DATE TO SHUT Exelon Cromby Units 1,2 345 PA 31-May-11 Exelon Eddystone...

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CIL maintains stand on bonus issue

Press Trust of India reported that Coal India stands firm on its decision of bonus payment to the workers despite their threat of a one-day strike on October 10. Mr NC Jha Coal India Chairman said "There is no plan to review the bonus offer from us." He said if the unions go ahead with the strike, the miner would lose 0.8 million tonne to 1 million...

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Global Earth Energy announces closing date of coal properties

Global Earth Energy Inc announced that its partially owned Canadian company, Global Earth Natural Resources Inc which trades on the Frankfurt Stock Exchange under the symbol 2GN, 2GN: GR on the Bloomberg quote system, a co-owner along with Modern Coal, LLC of Global Earth Natural Resources LLC a Texas limited liability company, has set a closing...

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Science City to establish mining investment JV

It is reported that Science City Development Public plans to establish a mining investment and development joint venture with Hainan Xinde Taisheng Investment Management and Shouyi Venture Capital. The joint venture, Yintai Shengda Mining Investment Development, will have a registered capital of CNY 100 million of which CNY 51 million will be borne...

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Norway and Finland challenge Sweden dominance in mining

It is reported that Sweden e leading Nordic country when it comes to mining industry. Norway is expected to introduce a 15 year state program on mineral research which will cost SEK 1 billion according to Sveriges Radio. The Norwegian mining industry has for a long time been in the shadow of the oil industry but the current high metal prices have...

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Beacon Hill suitor withdraws approach

Reuters reported that bid target Beacon Hill Resources a potential offer was withdrawn after for the coking coal producer confirmed it undervalued the group and its assets. Beacon Hill said it continued to make good progress with the development of Minas Moatize a producing coal mine in the Tete Province of Northern Mozambique. The company said...

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Mr Lindsay favors coal mine expansion as mergers booms

Teck Resources Ltd the world second largest exporter of coal used in steelmaking focused on expanding its Canadian operations without acquisitions, even as the volume of transactions in the industry rises to the highest level in at least 12 years. Mr Don Lindsay CEO of Teck Resources said "For us, it makes far more sense to build than to buy. It...

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China Shenhua Energy commercial coal output up 20pct in Aug

China Knowledge reported that China Shenhua Energy Co Ltd the country largest coal producer produced 27.3 million tonnes of commercial coal in August reflecting a YoY increase by 20.3%. The Shanghai and Hong Kong listed firm commercial output swelled 26.2%YoY to 23.1 million tonnes. Coal sales amounted to 32 million tonnes up by 26.5%YoY. Last...

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Rio Tinto is holding an investor seminar in London and New York on September 20th 2011

1. Rio Tinto's growth program is well underway with work progressing on $ 27 billion of major capital projects, and a $35 billion pipeline of high quality, unapproved projects currently in the advanced-study phase. 2. Growth projects are well balanced between Brownfield expansion of existing assets such as iron ore in the Pilbara and newer, world...

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EastCoal gets access to new west block at Verticalnaya mine

A Canadian based company with coal assets in Ukraine, EastCoal Inc has announced that recent work at the main Verticalnaya anthracite mine has established that access to the new West Block in the west extension of seam H8 can be readily established. The company said while access from the former mine into that area had been sealed off and was believed...

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