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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Optimum Coal independent board reviews Glencore bid

Reuters quoted investors said independent directors at South Africa Optimum Coal are reviewing an expression of interest from Glencore and its local partner and share sales made to the suitors despite the absence of a formal bid. Glencore, the world largest diversified commodities trader has been buying stock in OCH and earlier this month said...

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Grindrod to sell shares worth ZAR 2 billion to Remgro Ltd

Bloomberg reported that Grindrod Ltd Africa largest shipping company plans to sell new shares worth ZAR 2 billion to Remgro Ltd to fund projects including the expansion of a coal terminal in Mozambique. Remgro, the South African investment company will pay ZAR 15 a share giving it a 22% stake in Durban, South Africa based Grindrod. Grindrod existing...

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Century Iron Mines to trade on TSX under symbol FER

Century Iron Mines Corporation announced that its common shares will commence trading on the Toronto Stock Exchange at the opening of trading today under the current symbol FER. Concurrently with the listing on the TSX, the Company shares will no longer trade and will be delisted from the TSX Venture Exchange. Mr Sandy Chim President & CEO...

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Rey Resources confirmed strike extent of the coal outcrop

Rey Resources drilling has confirmed the strike extent of the coal outcrop for two kilometres to the north, beyond the coal reserves in the existing mine plan at its Duchess Paradise thermal coal export project. The presence of the continuous shallow coal occurrences potentially extends the proposed mine life at the project in the Canning Basin,...

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

Radar Iron is about to ramp up news flow across several of the company 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 in the Southern Cross...

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American Power receives approval for Phase II of exploration drilling program

American Power Corp announce the amendment of its prospecting permit to cover additional drill locations for Phase II of its exploration drilling program at the Pace Coal Project in Judith Basin County, Montana. On July 29 2011, the Coal and Uranium Program of the Montana Department of Environmental Quality approved the Prospecting Permit No. X2011335,...

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Haranga Resources discovers significant iron ore at Selenge Project in Mongolia

Haranga Resources has unearthed broad widths of iron mineralization in all sixteen diamond drill holes completed at the Bayantsogt prospect within its Selenge Project in Mongolia. The company is aiming to define an initial JORC Resource by the first quarter of 2012. Bayantsogt is the first of the four major targets to be drilled at Selenge. Drilling...

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Shenhua Energy coal output in Aug up by 20pct YoY

It is reported that China Shenhua Energy posted a 20.3%YoY rise in commercial coal output in August to 23.7 million tonnes. Coal sales in August rose 21.9%YoY to 30.6 million tonne of which exports hit 500,000 tons down by 44.4%. The railway network owned by Shenhua Energy posted a 6.3%YoY increase in throughput to 13.6 billion tonne kilometers. The...

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Indian power utilities import 8pct more coal in August

Bloomberg quoted India Coal Market Watch said electric utilities in India increased coal imports in August to 3.19 million tonnes up by 8% from July. It said the Central Electricity Authority a supervisory body set a target to import 4.6 million tonnes of coal for power plants last month. It said imports rose 81%YoY to 17.9 million tonnes in the...

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Bureau of Meteorology- Rain risks for Queensland Bowen and Galilee coal basins

According to the Bureau of Meteorology said posing a threat to recovery of coal supplies from the region this year that the chance of above median rainfall in the coal-producing Bowen and Galilee basins in Queensland is about 60% to 70%. Maps released as part of the bureau seasonal outlook for October to December this year showed most of the Bowen...

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Indian coal ministry seeks status report on captive blocks from firms

Having already issued a warning to coal block allottees that have failed to develop mines awarded to them in a timely fashion, the government has now asked these firms to furnish a status report on progress made on these delayed projects in the July to September quarter. The Coal Ministry said "You are requested to send detailed information for...

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Exploration for coal and minerals in Queensland jumps by 1000pct in five years

It is reported that exploration and mining development has exploded to such an extent that Queensland is almost entirely covered by some sort of lease. The Courier Mail reported that farmers are now pitted against global corporations as exploration for coal and minerals alone has jumped by about 1000% in five years and now covers about a quarter...

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Environment group stages anti coal protest west of Melbourne

It is reported that a protestor who chained himself to a coal exploration drill rig at Bacchus Marsh west of Melbourne has come down after talking to police. The group Switch off Coal is protesting against Mantle Mining exploration in the region. One of the members of the group used thumb-cuffs to attach himself to the drill rig on a roadside. Mantle...

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Coal towns urged to consider renewable future

It is reported that a new USD 100,000 report has identified Muswellbrook and Singleton as future renewable energy hubs. The Upper Hunter Diversification Report was commissioned by the six Upper Hunter councils, co funded by the State Government and is being released to Singleton councillors this week. It attempts to signal where the Hunter jobs...

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MEC Resources Study points to significant shale gas potential in Advent onshore fields

MEC Resources has provided the following advice from its investee company Advent Energy Ltd regarding its permits in the onshore Bonaparte Basin, Western Australia. Advent has now completed an initial study of shale gas potential in EP386 and RL1. The results indicate significant potential upside in prospective shale gas resources for Advent with...

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Solar plans for coal fired power stations

It is reported that scientists and engineers have drawn up plans to convert Port Augusta two coal fired powered stations to solar thermal plants. Non government organization Beyond Zero Emissions will meet South Australia Energy Minister Mr Michael O'Brien this week to discuss the two stations potential for conversion to solar. Mr Mark Ooges from...

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Fatal accident at South Wales coal mine

Euronews reported that 2 coal miners have been found dead after an underground accident in South Wales. A rescue operation is underway to reach two more mine workers who have been trapped since Thursday morning. The men became stuck 90 metres below the surface after a flash flood at the Gleision Colliery near Swansea. Three other miners managed...

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Sekoko in talks with cornerstone investor

It is reported that Sekoko Resources an empowerment firm in joint venture with the JSE-listed Firestone Energy was in negotiations with a multinational power company regarding it becoming an investor in its Waterberg coal development. Firestone announced to the JSE today that the negotiations involved very significant offtake agreement for coal...

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Bulk carrier runs aground in Rio de Janeiro port

Reuters reported that the RDB Ocean of Joy a Hong Kong flagged dry bulk carrier ran aground in the Port of Rio de Janeiro recently. According to information from marinetraffic.com, a world wide ship tracking service, the ship, a 92,500 DWT post Panamax sized vessel was sailing from the Port of Tubarao northeast of Rio de Janeiro in Brazil Espirito...

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Prophecy Coal receives Mongolian government endorsement for power plant project

Prophecy Coal announced that the Mongolian Ministry of Natural Resources and Energy has officially endorsed its proposed Chandgana Power Plant project. Last August, the company which is focused on energy, nickel and platinum group metals projects, appointed local Mongolian consultants to initiate feasibility and other studies on the planned 600MW...

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Baobab Resources update on its activities

Baobab Resources plc is pleased to present an update of activities at the Massamba Group iron / vanadium / titanium project where a 160 million tonne resource upgrade was announced on 30 August 2011. Highlight 1. Resource drilling programs at the Massamba prospects of Ruoni North and South have been completed. 2. Analytical results from holes...

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SinoCoking Coal and Coke Chemical announces results

SinoCoking Coal and Coke Chemical Industries Inc a vertically integrated coal and coke processor announced its financial results for the fourth quarter and fiscal year ended June 30 2011. 1. Fourth Quarter 2011 vs. 2010 I. Revenue increased by 126% to USD 24,661,738 from USD 10,886,577 mainly due to increased coke sales as well as the increased...

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Liverpool Plains mining exploration licenses get the go ahead

It is reported that the NSW Government tough conditions have been placed on the controversial renewal of two exploration licences covering the Liverpool Plains. The licences held by BHP Billiton and Shenhua Watermark expired earlier this year. Mr Chris Hartcher Resources and Energy Minister said BHP-Billiton and Shenhua coal exploration licences...

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