Latest Energy News
Puda Coal To Acquire Additional Coal Mines In Shanxi Province
Puda Coal is planning to acquire and consolidate four additional coal mines located in Huozhou county of central Shanxi province, China.
Published: 18-Mar-2010
Arch Coal Bids $86m For Otter Creek Tracts In Montana
Arch Coal has said that it has won a bid for the state coal lease known as Otter Creek Tracts located in southeastern Montana. Arch made a one-time bonus bid for the lease of $85.8m, payable in April 2010.
Published: 18-Mar-2010
Phoenix Coal Signs Agreement To Sell Gryphon Reserve
Phoenix Coal has entered into an agreement to sell Gryphon reserve, which is comprised of the property leases controlled through the acquisition of Pact Resources and the Petersburg sublease, and certain other associated assets to a US-based coal producer. The proceeds from the sale of the Gryphon assets are $23m in cash.
Published: 17-Mar-2010
Macmahon Wins Contract To Develop, Operate Coal Mine In Queensland
Macmahon has bagged a three year contract valued at approximately $190m from Syntech Resources to develop and operate the Cameby Downs coal mine in the Surat basin of Queensland, Australia.
Published: 17-Mar-2010
Patriot To Sell Metallurgical Coal To Asian Destinations
Patriot Coal has reached an agreement to sell approximately 1.5 million tons of metallurgical coal for delivery beginning in April 2010 through early 2011 to steel mills in the Pacific Rim.
Published: 15-Mar-2010
WPG Provides Drilling Update On Penrhyn Coal Project In Australia
Western Plains Resources (WPG) has said that drilling has been commenced at the Penrhyn coal project area in South Australia. WPG holds an option to purchase the Penrhyn coal deposit from Stellar Resources.
Published: 15-Mar-2010
Yongye Nongfeng To Secure Coal Project In Inner Mongolia, China
Yongye Nongfeng Biotechnology (Nongfeng), a Chinese operating entity of Yongye International (Yongye), has signed an agreement with a local supplier of humic acid to purchase an undeveloped lignite coal resources project in Inner Mongolia, China.
Published: 12-Mar-2010
International Coal Tygart No 1 Complex Gets Approval To Proceed
International Coal Group (ICG) has said that the West Virginia Surface Mine Board (WVSMB) has issued an order upholding a May 2009 decision by the West Virginia Department of Environmental Protection (WVDEP) to reinstate a surface mining permit for its ICG Tygart Valley subsidiary's Tygart No 1 deep mine complex in Taylor County, near Grafton, West Virginia.
Published: 10-Mar-2010
Hunnu Coal To Acquire Thermal Coal Project In Mongolia
Hunnu Coal has been granted an option to acquire an 80% interest in the Erdenes thermal coal project, which is located in the Dornogobi province of south eastern Mongolia.
Published: 10-Mar-2010
Cougar Energy Executes Terms Sheet For Farm-in UCG JV
Cougar Energy has executed a terms sheet with Ignite Energy Resources (IER) for a farm-in joint venture (JV) to investigate an underground coal gasification (UCG) project on tenements in the Gippsland region in the state of Victoria, Australia.
Published: 10-Mar-2010
