On February 16, 2012, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face.
Alpha Natural Resources took a $.73 billion hit in the fourth-quarter, but the US coal producer, the third largest of coking coal in the world, said it has a strategy to counter weak US coal markets by cutting production and concentrating on met coal used in steelmaking.
Colombia’s President, Juan Manuel Santos, announced yesterday that the country will be issuing a new mining code to boost the industry and reinforce control of illegal mining.
The privatization process will see Mongolia's government holding a majority 51% stake after selling 19% to investors and distributing the remainder to its 2.7 million citizens, but the $3 billion IPO faces fresh delays in Hong Kong.
According to a recent report generated by the Ontario Ministry of Tourism and Culture, the Prospectors and Developers Association of Canada's (PDAC) Convention contributed nearly $72 million to Toronto's economy in 2011.
In the midst of intense lobbying from Canada, a committee of the European Union Parliament blocked passage of a proposed fuel quality directive that would label Canada’s oil sands as a more carbon-intensive source of oil than conventional crude