Mining Companies Exploration and Investment News

Coal demand continues to increase, particularly of steel companies in China and India. Both these countries are the largest coal importer. Trend of increasing coal pushed some coal mining companies increase their coal production to meet demand for coal. Climatic conditions and the growth of steel industry in China is a factor affecting the increased demand for coal in China.
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UK Coal, the largest coal mining company owned by British state. UK Coal is a mining company develops coal mining exploration projects and development of mining properties. The last few years the UK coal mining companies faced technical problems and development of coal production at several mining sites.
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Coal demand continues to increase, particularly of steel companies in China and India. Both these countries are the largest coal importer. Trend of increasing coal pushed some coal mining companies increase their coal production to meet demand for coal. Climatic conditions and the growth of steel industry in China is a factor affecting the increased demand for coal in China.
(continue reading…)

UK Coal, the largest coal mining company owned by British state. UK Coal is a mining company develops coal mining exploration projects and development of mining properties. The last few years the UK coal mining companies faced technical problems and development of coal production at several mining sites.
(continue reading…)

Jameson Resources is preparing to wrap up the company’s feasibility on expanded mine case at the Basin Thermal Coal Mine in British Columbia, Canada next month, according to its latest quarterly report.

The Company together has identified opportunities for revised operating cost assumptions in an expanded mine case scenario with a relatively minor impact on start up capital.
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Optimum Coal Holdings Ltd., a coal mining concern owned by black South Africans, Monday said it plans to float on the Johannesburg bourse during the first half of the year in order to raise capital.

The company has applied to list its shares on the main board of the JSE Ltd., and said a prospectus including full details of its offer will be published in due course.
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Yanzhou Coal is largest mining company in China, Yanzhou coal mining company has several coal mining exploration sites in the province of China. One of coal mining exploration site’s Yanzhou Coal in Shandong China Province.
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Coal of Africa reported progress Mining NuCoal acquisition process. Coal of Africa has completed the sale of shares agreement, after the 10% adjustment to reflect the retention of working capital position. Coal of Africa approved the purchase price is NuCocal mining R467 million.
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