Linc Energy (ASX:LNC) shares have jumped more than 36% after it said it was in talks with Adani Enterprises to sell its coal mines. Linc Energy CEO Peter Bond said that the coal mines at the Galilee tenement, which Adani is looking to buy, were valued at $1.3 billion.
The day did not go as well as imagined for the largest producer of surface mined coal in Ohio. In fact Oxford Resource Partners LP (OXF:US) found its shares slipping on the first day of trading in its $162 Million IPO.
A full financial, technical and environmental review will be undertaken by the members of the U.S. Export - Import Bank before they take a vote on giving India's Reliance Power a loan. The loan worth $600 million is to finance a new coal fired power plant to be located in India.
Indophil Resources (ASX:IRN) is looking for potential buyers after Zijin Mining Group Co. decided to terminate a takeover offer relating to the open pit ban in South Cotabato province of the Philippines which impacts its Tampakan Copper-Gold Project.
The Australian Environment Minister Peter Garrett is not the Queensland's mining communities' most favorite person right now. Billions of dollars worth of Coal Seam Gas projects in Queensland are on hold for three months so that Mr. Garrett can study the impact of these projects on the environment.
BP is all set to test the new cap that it has placed over its damaged well at the bottom of the Gulf of Mexico. The testing procedure is expected to last from 6 to 48 hours.
Hunter Valley mining activities may be increasing air pollution in the villages surrounding it, but the government feels the pollution is within acceptable and safe limits.
Rio Tinto is ramping up work in the Pilbara region of Australia. The mining giant has pledged US$200 million in funding for its iron ore operations expansion in Western Australia's Pilbara region.
Mine safety officials in the United States are hoping for a quick passage of the new mining bill which will crack down on mines with safety problems. The industry has been complaining that the new legislation is too punitive.
In India the supposed illegal mining activities of brothers, Karnataka State Revenue Minister G Karunakara Reddy and Tourism Minister G Janardhana Reddy, were questioned by the Governor H R Bhardwaj in a public statement today.
Energy Resources of Australia's (ASX:ERA) Ranger uranium mine may experience decreased production in 2010 compared to the previous year.
Peel Exploration Managing Director Rob Tyson is excited about a significant deposit that may be found in the historic May Day mine.
Rio Tinto wants more than to be a side line partner for Ivanhoe Mines in Mongolia. The Canadian miner Ivanhoe was assisted by Rio to end lengthy and complicated 5 year old negotiations under Mongolian mining law for the largest undeveloped copper deposit in the world.
Tasmanian Gold mines are investing more dollars into expanding their exploration activities. The Henty Gold Mine in the north west of Tasmania has 3 exploration licenses covering more than 12 km.
Chhattisgarh's battle with the Maoists is now affecting its mines. The Indian State of Chhattisgarh saw almost 40 armed Maoists open fire at an NMDC mining facility in Dantewada district. NMDC Ltd is India's larg...