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Yancoal Makes $953 Million Offer for Stake in Mitsubishi’s Hunter Valley Coal Mine
May 31, 2017
Chinese-controlled company Yancoal has made a binding offer to acquire Mitsubishi Development’s 32.4 percent interest in the Hunter Valley Operations mine site, north-west of Singleton. The move fulfills Yancoal’s obligation to make a tag-along offer to Mitsubishi under its agreement
Nathan Vass: Why Power Prices are Rising in Resource-rich Australia
May 31, 2017
It’s the question no politician wants to be asked: Why is Queensland, one of the richest energy resource regions in the world, once again facing electricity price hikes that will further stretch already strained business and family budgets? Queensland has
Vietnam Set to License Three New Coal-fired Power Plants
May 31, 2017
Japanese, South Korean, and Saudi Arabian investors are expected to secure licenses for their projects ahead of Prime Minister Nguyen Xuan Phuc’s visit to Japan next month, Minister Dung said. According to the Ministry of Planning and Investment, South Korea’s
India’s New Regulation to Focus on Underground Coal Gasification
May 31, 2017
Energy and Mineral Resources Minister Ignasius Jonan will issue a ministerial regulation to require coal miners to develop coal manufacturing facilities, particularly underground coal gasification, the energy output of which would be used for electricity. Ministry spokesman Sujatmiko said on
Heron Awards A$107M EPC Contract for Its Woodlawn Zinc-Copper Project, Australia
May 25, 2017
Heron Resources Limited has awarded an engineering, procurement and construction (EPC) contract for its wholly-owned Woodlawn Project to Sedgman, a member of the CIMIC Group. The EPC contract follows a front-end engineering design (FEED) program that commenced in October 2016
Malabar Coal to Acquire Anglo American’s Stake in Drayton Coal Mine, Australia
May 25, 2017
Anglo American has entered into a sale and purchase agreement with Malabar Coal Limited to sell its 88.17 percent interest in the Drayton thermal coal mine and Drayton South project, located in New South Wales, Australia. The transaction will be
Glen Eagle Resources Achieves Commercial Production at Cobra Oro de Honduras
May 25, 2017
Glen Eagle Resources’ Cobra Oro de Honduras, a wholly own Honduran subsidiary of Glen Eagle, has reached commercial production on April 1, 2017. The passage from production to commercial production implies that Cobra Oro will no longer capitalize its expenses,
Shanta Gold Secures $10 Million for Newly Commissioned Power Station at New Luika Mine, Tanzania
May 24, 2017
Shanta Gold Ltd has agreed a US$10mln loan facility from Tanzania’s Exim Bank secured on its newly commissioned 7.5Mw power station at the New Luika gold mine. The term loan runs for four years at variable interest of 7.25 percent
Australia’s CSIRO Develops Technology Roadmap to Drive Mining Sector Growth
May 24, 2017
The CSIRO is pushing companies to unlock five key opportunities in its technology roadmap which is meant to underpin growth in the $90 billion mining equipment, technology and services sector. The roadmap was developed in co-ordination with the METS Ignited
New Apprentices Keep Mining Memories Alive at Big Pit Mining Museum, Wales
May 24, 2017
A former coal mine that is now a national museum has taken on two new apprentices to help keep underground memories alive. It is more than 30 years since the last coal was dug at Big Pit in Torfaen, after
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