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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More