Posts by CNBC:

Indonesia coal boom creates jungle wealth

Indonesia’s huge reserves of thermal coal — used for power plants — are being aggressively targeted by energy-hungry China and India. The demand, combined with high commodities prices, is driving a resources boom in remote Indonesian provinces, and creating billions of dollars in personal wealth.

BRIEF-Grande Cache Coal gives operations update

July 21 (Reuters) - Grande Cache Coal Corp: * Receives regulatory approval for New No. 12 South B2 underground operation and provides operational update * Says sold 0.39 million tonnes of coal during the three months ended June 30, 2011 * Says expects

S.Africa coal industry, unions meet for wage talks

South African coal miners started wage talks with unions and a mediator on Wednesday in a bid to prevent stoppages that could threaten supply to power plants and limit exports, while a fuel sector strike threatening the economy entered its tenth day. Africa's largest economy relies on coal for almost all its power, but state-owned utility Eskom has said it has enough coal in stock to last 41 days, so a strike would have to be lengthy to affect its operations.

Walter Energy leads rally in coal stocks

Shares of Walter Energy Inc. rose Monday after a Citi analyst began coverage of the coal company by assigning it a "Buy" rating, leading a rally among several coal stocks.

Magma Metals finds high grade gold at western Australian project

July 18 (Reuters) - Magma Metals Ltd: * Provides an update on the griffins find gold project * Says lodged exploration licence applications over gneiss belt to north and south of the griffins find gold project * Results from final 6 holes included 8m @

BRIEF-Nexen CEO welcomes Opti’s recapitalization

Nexen Inc: * CEO says company welcomes long lake partner opti's recapitalization * CEO says Opti bondholders have good understanding of oil sands project * CEO says Opti restructuring adds assurance company can fund share of project

Opti Canada files for creditor protection

Reuters) - Opti Canada Inc , whose major asset is a stake in Nexen Inc's troubled Long Lake oil sands project in northern Alberta, filed for court protection from creditors on Wednesday as it agreed on a equity-for-debt swap with bondholders. Opti said

Miner suffers fatal injuries at Kentucky coal mine

July 12 (Reuters) - Alpha Natural Resources Inc: * Miner suffers fatal injuries at Kentucky coal mine * Says preliminary review indicates that Mr. Thatcher was fatally injured * Ryan Thatcher, a motorman at voyager #7 mine, was hauling supplies at the

China Jan-May gold output at 132 T, up 3.67 pct

China's gold output in the first five months of 2011 totalled 132.02 tonnes, up 3.67 percent from a year earlier, the Ministry of Industry and Information Technology (MIIT) said on its website on Tuesday.