China’s Yancoal grabs Rio Tinto’s coal mines in $2.45bn deal

Illinois' Prairie State power station is on the brink of production and the $5 billion coal-fired plant will supply electricity to 2.5 million households for at least the next 30 years.

Xstrata plc is in talks with Japanese electricity producers to settle the next thermal coal benchmark price for annual supplies starting April 1 at between $115/tonne and $126/tonne, according to Bloomberg News.

A new survey by The Economist Intelligence Unit finds when institutional investors interested in frontier markets were asked to choose two regions out of five, two-thirds see Africa – projected to be the fastest growing region on the planet this year – as holding the greatest opportunity.

Australian coal producer New Hope Corp will not put itself up for auction for more than $5 billion after a five-month sale process failed to come up with a deal, Reuters reported.

James V. Reyes-Picknell provides expert advice on strategy, processes, process improvement, human and business transformation in his popular webcast Uptime – Strategies […]

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.