September 23, 2011

Eight new mines coming, says BC Premier

As commodities prices including precious metals were plummetting Thursday on more bad economic news, the Premier of British Columbia provided a glimmer of hope for the BC mining industry. In…

September 23, 2011

Ivanhoe Mines to issue statement on Monday, September 26, on challenge to unauthorized remarks about Oyu Tolgoi project

SINGAPORE, SINGAPORE--(Marketwire - Sept. 23, 2011) - Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN) founder and Chief Executive Officer Robert Friedland said today that the company will issue a statement on Monday, September 26,…

September 23, 2011

China’s Sichuan Hongda signs $3bn Tanzania coal, iron deal

China's Sichuan Hongda has signed a $3-billion deal with Tanzania to mine coal and iron-ore in the resource-rich east African country, local media said on Thursday.The investment involves construction of…

September 23, 2011

Qinhuangdao coal throughput tops 180 mln tons this year

Shanghai. September 23. INTERFAX-CHINA - Qinhuangdao Port, China's largest coal trans-shipment port, has accumulated 180.23 million tons of coal throughput this year as of Sept. 16, according to statistics released…

September 23, 2011

Coal exports steady, no signs of recession – CN Rail CEO

Canadian National Rail CEO Claude Mongeau said Thursday coal exports, rail volumes have been steady and show no signs of a double dip recession, but years of sluggish economic growth…

September 23, 2011

Coal India to use $9.2 billion cash to pay higher dividends

(Updates with comment from analyst in fifth paragraph.) Sept. 23 (Bloomberg) -- Coal India Ltd., the world’s biggest producer of the fuel, plans to use its $9.2 billion of cash…

September 23, 2011

Alliance to spend $525M on coal mining

Tulsa-based Alliance Resource Partners LP will spend up to $525 million on an Illinois longwall mining operation, the company announced Thursday.

September 23, 2011

Mongolian ministers assigned to renegotiate foreign mining deal

The Mongolian Cabinet Office would ask Canadian and Australian mining companies to renegotiate the Oyu Tolgoi copper-gold mining agreement, local media reported Thursday. Chimed Khurelbaatar, chief of the Cabinet Office…

September 23, 2011

Copper, coal: crystal balls for the global economy

Copper, coal and other industrial commodities can be great tools for predicting economic prospects and right now they’re offering a gloomy outlook, but a closer analysis shows a glimmer of…

September 23, 2011

Alliance to invest up to $525M in coal project

Alliance Resource Partners LP said Thursday it will invest $400 million to $525 million over three or four years in a coal-mining operation under construction in Illinois. The deal includes…