Editorial: Coal gets respect
As if anyone needed more confirmation that coal has come back in a big way, the fourth week of January served up the biggest merger in U.S. coal mining history.
Coal
Alpha Natural Resources to combine with Massey Energy
The proposed combination of Alpha Natural Resources (ANR-N) and Massey Energy (MEE-N) announced over the weekend will bring synergies of $150 million annually by 2012 and create a top-three global metallurgical coal producer.
Prophecy opens mine, doors in Mongolia
Site Visit
Wood Mackenzie estimates damage of Australian floods (January 31, 2011)
In an analysis of the disruption of coal exports from Queensland, research and consulting firm Wood Mackenzie estimates that more than half of Australia’s coal exports are likely to be affected and the impact will be felt strongly in the global…
Commodities roundup
Vancouver – The final technical session at the Mineral Exploration Roundup in Vancouver took a look at the potential of thermal coal, uranium, vanadium, molybdenum, copper, and of course, gold.
Fortune Minerals advances on two fronts
Vancouver – Fortune Minerals (ft-t) goes into 2011 with big ambitions for its two feasibility-stage projects after a year of steady progress.In British Columbia, the company’s Mount Klappan anthracite coal project now has a clearer path forward…
Wood Mackenzie estimates damage of Australian floods (January 18, 2011)
In a brief analysis of the disruption of coal exports from Queensland, Wood Mackenzie estimates that more than half of Australia’s coal exports are likely to be affected and the impact will be felt strongly in the global coal markets.
Coalspur develops Vista project in Alberta
Four months after he was hired as managing director and chief executive of Coalspur Mines (cpt-t, cpl-a) Gene Wusaty was still working out of his home and a local coffee shop in Calgary and putting business expenses on his personal credit card.
Rio offers A$3.9 billion for Riversdale
Vancouver – Rio Tinto (RIO-N, RIO-L) wants more coal: the major has offered A$3.9 billion for Riversdale Mining (RIV-A), an Australian coal company with one mine in operation, one in construction, and one primed for development.
Coalspur develops export thermal coal project in Alberta
Four months after he was hired as managing director and chief executive of Coalspur Mines (CPT-T, CPL-A) Gene Wusaty was still working out of his home and a local coffee shop in Calgary and putting business expenses on his personal credit card.
Fortune Minerals progressing on two fronts
Vancouver – Fortune Minerals (FT-T) goes into 2011 with big ambitions for its two feasibility-stage projects after a year of steady progress.
Cline gets approval to start New Elk
True to its word Cline Mining (CMK-T) is set to put the New Elk Coal Mine into full production before the year’s end. The company received a key approval of its mine plan from the United States Mine Safety and Health Administration (MSHA)…