A $30 million new share sale has been completed by NuCoal to fund studies on its Doyles Creak coal project in Hunter Valley. There was strong support for the placement of shares from new and existing investors.
By Cameron Chai
Energy deficient India is looking to develop a coal prospect in South Africa that is owned wholly by BHP Billiton. A joint venture of five Indian state run metals and energy companies known as International Coal Ventures may bid for the prospecting rights of the BHP South African unit based in the Mpumalanga region.
Ric Stowe the owner of collapsed energy supplier Griffin Coal is drawing millions of dollars in fees from the company even as the company owes over $1 billion to its creditors and staff.
BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.
Did you ever want to experience the working conditions of a mine without actually having to work in one? Now a museum in Leicestershire may be able to provide tourists with just that experience. Some ex-coal miners are helping the Snibston Discover Museum in Coalville recreate a coal face and pit pony stable as part of its popular colliery tour.
Americas Energy Company-AECo (OTCBB: AENY) has announced that Recoal, LLC has agreed to operate as one of our contract surface miners on both our Artemus Project and Hwy 92 Project in Southeast Kentucky.
In what promises to be good news for the Indian Mining community the Coal Minister Shriprakash Jaiswal and Environment minister Jairam Ramesh almost managed to reach a compromise on Tuesday.
The two ministries have b...
The Mayor of Grey District Tony Kokshoorn wants an open cast mine at Pike River, New Zealand. The mine which has been shut down since November 19, 2010 after an explosion which killed 29 miners still has $6 billion worth of coal underground. This is money that would greatly boost the New Zealand’s west coast economy.
Colombian mine workers at Cerrejon have agreed to a compromise on pay. Cerrejon is owned collectively by BHB Billiton, Xstrata and Anglo American and is the largest coal exporting mine in Colombia
Last week's cyclone Yasi has compounded the floods from December for Australia’s Queensland coal mines. The economic impact of the natural disaster is now being felt on foreign shores, specifically India.
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