The Australian Environment Minister Tony Burke has delayed the decision on the coal seam gas projects in Queensland State to October 22, 2010.
National Coal Corp. (Nasdaq: NCOC), a Central and Southern Appalachian coal producer, announced today that it has agreed to be acquired by Ranger Energy Investments, LLC (Ranger Energy), an acquisition vehicle for Jim Justice, a businessman and operator of Appalachian coal assets.
Mongolian Mining Corp is planning to increase its profit margin by expanding production and completing infrastructure projects with the penultimate aim of becoming listed on the Hong Kong stock exchange.
Australia won't see as many takeovers in the coal mining industry as many potential targets have already been acquired after the recent surge in acquisitions as per UBS's head of metals and mining Campbell Stewart.
Miners in Spain continued their protest of the EU decree that will force their government to phase out coal industry handouts by next year.
The New Delhi based company Bhushan Steel has shown interest in making an on market takeover bid for Bowen Energy Ltd (ASX:BWN), an Australian coal and minerals exploration company, focused on the exploration and development of coal and mineral resource projects in Australia and the Asia-Pacific region.
Continental Coal Ltd's (ASX:CCC) new South African mine has surpassed production targets barely two months after opening.
Large increases in the volumes of minerals being shipped out of Australian ports will see commodity exports rise to unprecedented levels.
Tired of the bottlenecks at the Port of Newcastle Xstrata has decided to use its own coal trains in Hunter Valley. The company will spend $130 million procuring three coal trains to start Xstrata Rail. The Swizz based mining company is hoping to haul 12 million tonnes of coal per year with its three train fleet.
A group of coal industry companies are hoping to stop the Obama administration's surface mining policy.
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