Coalcorp Mining Inc. (TSX VENTURE:CCJ.H) announces that it has entered into an agreement with Formation Metals Inc. (TSX:FCO) for the prepayment by Formation of the 12% unsecured convertible debenture in the principal amount of $8 million issued by Formation to Coalcorp on May 6, 2010.
The U.S. Government's Office of Surface Mining Reclamation and Enforcement has outlined in a document how protecting streams from coal mining will affect the industry.
Puda Coal, Inc. (NYSE Amex: PUDA), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China and consolidator of nine coal mines in Pinglu County Yuncheng City and four coking coal mines in Huozhou County Linfen City in Shanxi Province, today provided additional updates on the status of the Company's coal mine consolidation projects.
The mining industry may face an acute shortage of manpower in the next few years as per a report from professional services organization Deloitte. The report said that the industry will need 58,000 more workers by 2020 to maintain the production levels that the industry has at present.
The floods may not be the worst thing that miners will be facing in Queensland according to the Construction, Forestry, Mining and Energy Union (CFMEU). The CFMEU says that the mine workers in Queensland may also lose their jobs thanks to the heavy rains and floods.
The coking coal miner's last director to agree to the proposal was Tata Steel’s representative NK Misra. His appointment to the Riversdale Mining board of directors was by virtue to the 24.2% stake that Tata Steel has in the company.
Cougar Energy will be seeking legal advice on its joint venture partner Eneabba Gas as per a statement given to the stock exchange. The two companies had an agreement to develop the Sargon coal tenements in Western Australia.
NLMK has won the right to develop the third mining area in the Usinsk coal deposit (Usinks-3) located in the north of the Komi Republic. NLMK was selected following a competition organized by the Subsoil Agency of the Komi Republic. The license fee is RUR900 million. The license granting the right to develop the mine will be obtained within two months.
Challenger Deep Resources Corp. (TSX VENTURE:CDE) announces preliminary results from the Phase I exploration of its 100% Tabang, East Kalimantan coal project.
Teck Resources a Vancouver based mining company said that avalanches in the Rogers Pass area of British Columbia will affect its first quarter sales figures for coal.
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