mineral exploration project – commodity prices – mining stock- trade and market

Some time ago Steel Authority of India Ltd (SAIL) and Tata Steel on the government’s request to allocate a block of Indian coal mines managed by CIL.

Chairman of Coal India Ltd. (CIL) said, little was ready to develop coking coal blocks together Tata Steel. Coking coal blocks to be developed in conjunction with a small coal blocks with reserves of 7 million tons. As for coking coal blocks to be developed together with SAIL is a coal mining blocks 7-8.

Due to the rising number of accidents in its coal mining industry, the central government of China has come out with a new policy to tackle the problem. As a result, the number of small and medium size mining companies will be eliminated due to the high rate of accidents, leaving only companies whose capacity exceeds 90M tons annually. The problem now is that this policy will also cause metallurgic (met) coal production to drop significantly as over half of the met coal in the nation is from Shangxi province.

Walter Energy starts producing coal that’s part of $175M expansion

Coal producer Walter Energy said Tuesday it has started production at one of its mines and expects to produce two million tons next year.

The new production comes from a $175 million expansion that will increase Walter Energy’s rated capacity for premium coking coal to approximately 9.5 million tons in 2012.

Companies India’s largest steel maker, Tata Steel and SAIL submitted proposals to the government of India to obtain allocation of coal mines Coal India Ltd’s (CIL). Efforts to get the coal mines run by small for the anticipated increase in coal material procurement costs, especially coking coal, for energy in steel production process.

Waratah Coal will build a fast track to transport coal mines in Queensland state region. Fast-track project coal mines worth A $ 7.5 billion.

Fast track...

Britain’s biggest coal producer, UK Coal reported a lower production than expected, prompting the company’s stock declined in the period of seven months. The problem companies face is a deep mine production. Mining...

Project underground coal gasification in Mongolia will be undertaken by a joint venture company. The project will explore coal 1.8 billion tons of coal deposits in Mongolia. Companies that participate in coal gasification projects, among others: Yusenjiayu Beijing Environmental Protection Technology, Inner Mongolia, Xin Gu Goldbridge Mining...

The U.S. Environmental Protection Agency is considering designating coal ash from power plants as hazardous material if it’s kept wet, and non-hazardous if it’s moved to a dry landfill.