Vancouver-based junior Prophecy Coal (TSE:PCY), which moved to the TSX main board last month, has landed a major deal to build a coal-fired power plant in Mongolia. The company said yesterday its subsidiary, Eat Energy Development LLC, has received a licence from the Mongolian Energy Regulatory Authority to construct the 600-MW Chandgana power plant. It is the first thermal power plant licence to be issued by the Mongolian government. Coal for the Chandgana mine-mouth power plant will be supplied from Prophecy’s Chandgana Tal ("Tal") Deposit, for which the company has already obtained a mining licence. Tal contains 141 million tonnes of measured coal and is located 9 km north of Prophecy’s Chandgana Khavtgai project, a deposit with over 1 billion tonnes of measured and indicated coal, Prophecy states.

Boardroom chairs are being shifted at two large diversified mining companies, Vancouver-based Teck Resources and Brazilian powerhouse Vale SA, the world's second largest miner. Teck announced yesterday that Marcia Smith, Vice President, Corporate Affairs, will replace Doug Horswell as Senior Vice President, Sustainability and External Affairs. Horswell, staging into retirement, will work half-time in the company's Zinc and Health program. Meanwhile, Vale announced that coming this Thursday, CEO Murilo Ferreira will submit to the Board of Directors a proposal for a new structure of the company's Executive Board. Among the changes, the most high-profile is the replacement of CFO Guilherme Cavalcanti with Tito Martins, who currently runs Vale’s base metals division.

Nebraska legislators have voted unanimously to reroute the Keystone XL pipeline away from an ecologically sensitive region and the governor has signed new bills into law. The legislation is to pay for new environmental studies on the exact route the rerouted pipeline will take. The state and the proponent of the project, Canadian company TransCanada Corp. (TSE:TRP), agreed earlier this month to reroute the $7 billion project away from the Ogallala aquifer, a sprawling water table that provides water to cities and for irrigating farms. The new path would involve about 50 kilometres of pipeline. The company had long resisted changing the route, having already spent some $1.4 billion securing right of ways and stockpiling material for the project, which would deliver 700,000 barrels of crude oil a day from the Alberta oilsands to Texas refineries.

The arrival of four tiger cubs in Tadoba – one of the country's oldest national parks – has brought cheers to wildlife lovers. However, rampant coal mining in Chandrapur and its surrounding areas pose a grave threat to tiger conservation and protection reports Hindustan Times. The Indian government has allotted more than six new coal mines in the periphery of Tadoba tiger reserve where already half a dozen coal mines are operating. Tadoba tiger reserve was in the news recently for better big cat conservation and birth of 32 tiger cubs in the area since January 2010. India's tiger population has dwindled from tens of thousands a century ago to a mere 1,411 according to the last census conducted in 2008.

TSX Venture-listed GobiMin's financial and operating results for the third quarter of 2011 showed the diversified explorer made a handsome profit on the sale of a stake in a Chinese coal project. GobiMin disposed of a 24.49% indirect equity interest in Balikun Coal Project for a total consideration of $30.35 million, recording a gain of $8.21 million. The unaudited interim financial statements also showed the company ended the quarter with $63 million in cash. GobiMin also announced its Sawayaerdun Gold Project has completed drilling works of about 30,100 meters with 84 drill holes and continues for further drilling aiming to maximize the project potential and that it has extended the deadline for obtaining the mining license of Yanxi Copper Deposit to January 31, 2012.

Chilean Government urged state-owned copper producer Codelco and Anglo American Plc (AAL) to seek an out-of court resolution to a contractual dispute over the sale of a stake in Anglo’s mine and smelting assets in the country. Codelco's Chief Executive Officer Diego Hernandez sai today in a public event that while the company is prepared to negotiate with Anglo, the starting point of any discussions would be to recognize Codelco’s right to the full 49 percent stake.

Australia’s plan to impose a 30 percent tax on its booming iron ore and coal sectors cleared its biggest political hurdle on […]

A new study is casting doubt on the viability of undersea mining, despite recent success by Vancouver-based Nautilus Minerals (TSE:NUS) in obtaining the first-ever permit to mine the seafloor off the coast of Papua New Guinea. The Canadian-led study, published in the journal Geology, states that "the possibility of mining sea floor [deposits] has stirred debate about the sustainable use of this new resource and whether commercial development is worth the risk.” The Vancouver Sun quotes Mark Hannington, the University of Ottawa's Goldcorp Chair in Economic Geology and lead author of the study, saying that while there may be vast mineral deposits under the ocean, they cannot hope to meet the world demand for metals:

Zimbabwe's efforts to declare its "blood-stained" diamonds clean is bordering (no pun intended) on the ridiculous, writes Tangai Chipangura, a columnist at News Day.