National Mining Association (NMA) President and CEO Hal Quinn issued the following statement in advance of the publication of the Environmental Protection Agency's (EPA) proposed New Source Performance Standard for regulating greenhouse gas emissions from new coal-based power plants that generate 40 percent of the nation's electricity:
Reportlinker.com announces that a new market research report is available in its catalogue: Coal Mining Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2020, NAIC 212100
Altius Minerals Corporation ("Altius") is pleased to announce that it has entered into a definitive agreement (the "Arrangement Agreement") with Sherritt International Corporation ("Sherritt"), Prairie Mines & Royalty Ltd. ("PMRL"), a wholly-owned subsidiary of Sherritt, and certain other parties pursuant to which Altius will acquire a 51% interest in a portfolio of 11 producing coal and potash royalties located in the provinces of Alberta and Saskatchewan (the "PMRL Royalties").
For its outstanding performance in the Towards Sustainable Mining (TSM) initiative's three focus areas—environmental footprint, communities and people, and energy efficiency—Teck's Elkview Operations in British Columbia has been awarded with a special TSM Leadership Award. Teck joins just two other companies with a mine site that has achieved this distinction in the TSM program's 10-year history.
Morien Resources Corp. ("Morien" or the "Company"), is pleased to announce it has finalized the terms of a Letter of Intent (“LOI”) for a coal off-take agreement providing for the sale of production from the Donkin Coal Project (“Donkin Project” or “Project”) located in Cape Breton, Nova Scotia, Canada. Concurrently, Morien has signed a Memorandum of Understanding (“MOU”) with an operating partner providing for the establishment of a Joint-Venture Agreement to develop and operate the Donkin Project.
The Pennsylvania Coal Alliance today called for federal regulators to allow states some flexibility in developing emission standards in order to strike an appropriate balance between environmental improvements and economic concerns.
Prophecy Coal Corp. ("Prophecy" or the "Company") is pleased to announce that the Company has resumed mining operations at its Ulaan Ovoo (100% interest) coal mine in Mongolia. The mine restart plan has been on time and on budget.
The Chinese Yitai Group has awarded Siemens Drives Technologies an order in the double-digit million range to install two shaft hoisting machines in a new coal mine. The drives for the Hong Qing He project in Inner Mongolia will be the biggest hoists in the world to feature a motor integrated in the drum.
Colonial Coal International Corp. (the "Company" or "Colonial Coal"). David Austin, Colonial Coal's President and CEO, is pleased to report that, with a view to characterizing the nature of a potential coal product from the Company's Huguenot Coal Project (located in northeastern British Columbia), Colonial Coal has recently commissioned Kobie Koornhof Associates Inc. ("KKAI") to undertake a review of coal quality and carbonization data derived from core samples.
Prophecy Coal Corp. (“Prophecy” or the Company”) is pleased to announce that in the last 60 days, it has entered into binding coal sales contracts with a number of buyers which will involve the sale of over 30,000 tonnes of coal per month (annualized rate of over 360,000 tonnes) from the Company’s Ulaan Ovoo mine.
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