Gold price rally boosts Canada’s mining sector growth

The Obama Administration is making more land available for coal mining in Wyoming, says a report from CNN: Coal mining on public lands will expand in the coming months in Wyoming, as the federal government makes more coal-rich land available for lease by mining companies.

Teck Resources announced today that it expects lowers coal output this year due to bad weather conditions along its rail lines and […]

Over half of the employees at Teck's Elkview mine in British Columbia have voted to reject a five-year collective agreement. Accepting the agreement would have ended the strike, which is now going into its eighth week. BIV Business Today reports: Teck Resources Limited (TSX: TCK.A and TCK.B) announced today that 57% of the employees at its Elkview operation in southeastern B.C. voted to reject a five-year collective agreement.

Coal explorer Carabella Resources says it has raised $29 million via a significantly oversubscribed placement to institutional and sophisticated investors, AAP reported: The company placed 16.08 million shares at a price of $1.80 per share to investors from Australia, Asia, Europe and United States.

Riversdale Mining Ltd., after a slow take-up of acceptances since the offer was first made in December, according to a report in The Wall Street Journal: The bid was recently sweetened to almost four billion Australian dollars (US$3.99 billion) and the deadline extended a third time after few additional Riversdale shareholders committed themselves to selling to Rio Tinto.

With Lanco looking to build on its recent Griffin Coal purchase, a new turf war is set to emerge between Indian suitors […]

The Alberta government will collect three times more revenue than previously under its revamped mine security program, which pledges to collect money for mine reclamation, The Edmonton Journal is reporting. But existing companies will also get about a 10-year break in payments under the new system, which is geared to collecting more money in the later stages of a mine's life than in the early stages.

Coal mining shares rose on Thursday amid uncertainty over the future of nuclear power as Japan races to avert a meltdown at a power plant crippled by last week's earthquake and tsunami, Reuters reported: In afternoon trading on the New York Stock Exchange, Consol Energy (CNX.N) was up 4.9 percent at $54.96 and Alpha Natural Resources (ANR.N) rose 4.3 percent to $55.17. Peabody Energy (BTU.N) was 3.6 percent higher at $70.05, Massey Energy (MEE.N) was up 3.9 percent at $63.18 and Arch Coal (ACI.N) was 2.2 percent higher at $34.91.

As the safety concerns about nuclear power continue to grab headlines globally, the U.S. EPA has decided to clamp down on coal-fired […]