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

Junior coal miner Aston Resources Ltd has been reportedly identified by mining giants Xstrata and Peabody Energy Corporation for a possible buyout deal as sources privy to the company’s moves revealed that an initial public offering would be announced next week to raise an estimated $400 million.

The sources also said that the Noble Group of Singapore and Itochu of Japan have already gave their commitments as possible cornerstone investors for the acquisition with both pledging to collectively take up a total of $100 million worth of total shares under the proposal.

U.S. coal producer company, America West Resources signs LoI for coking coal operation in Shanxi Province, China. The coal mine will be operated is a coking coal mine owned by Shanxi Jiexiu Luxin Coal Gasification Company, a coal mining company in China. Luxin Company operates coal coking plant in Shanxi Province with annual production capacity of 600,000 metric tons.

Indian Government plans to sell 10% stake in the companies are not registered and listed coal mining company. Even shares of the largest coal mining company of India, Coal India (CIL) ready for action packed FY 10-11, other than the IPO. Coal India (small) joint ventures seeking to obtain $ 1.5 billion investment.

Grande Cache Corp., A metallurgical coal mining company, has received permission to continue the development of surface coal mining in the Smoky River Coalfield.

Coal mines will be explored a new coal mines, mining exploration company expected to produce coal in the first quarter of 2011.

JSE-listed coal exploration and development company Keaton Energy reported on Wednesday that its board had authorised the development of the first phase of the Vanggatfontein project, previously known as the Delmas project.

The project was central to the company’s vision of producing two-million tons a year of saleable coal.

In its interim report for the six months ended September, Keaton said that, following two and a half years of exploration and regulatory effort, the company was granted a mining right for the project in June.

For the second time in two weeks, the Greene County Commissioners tabled a request which would have allowed a Sullivan-based coal mining company to purchase equipment via a $1 million Office of Community and Rural Affairs grant.

Coal of Africa Limited, a South Africa-based company primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects, has agreed to place approximately 59,867,731 new ordinary shares at a price of GBP0.995 per share with institutional investors.

The Assistant Treasurer, Senator Nick Sherry, has today approved the application by Yanzhou Coal Mining Company Limited to acquire full ownership of Felix Resources Limited, conditional upon it complying with legally enforceable undertakings provided by Yanzhou.