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Yadadri Thermal Project Secures $600 Million Financing for Fifth Unit, India
September 19, 2017
The fifth phase of the 4GW Yadadri thermal power project being built in the Indian state of Telangana has secured INR40bn ($600m) of financing from government-owned Power Finance Corporation (PFC). Located at Damaracherla in Nalgonda district, the Yadadri thermal power
Ukraine Receives First Shipment of U.S. Coal in $80 Billion Deal
September 18, 2017
Ukraine received its first shipment of anthracite coal from the U.S. Wednesday, part of an $80 billion deal between President Donald Trump and Ukrainian President Petro Poroshenko. This shipment carried 62,000 tonnes of the total 700,000 tonnes set to be
Freeport CEO: Fight Over Grasber Gold Mine Isn’t Over, Indonesia
September 18, 2017
The landmark deal that forced Freeport-McMoRan Inc. to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the
Sojitz Coal Mining Gets Green Light to Develop Meteor Downs South Project, Queensland
September 15, 2017
Another coal mine in central Queensland has been given the green light. Natural Resources and Mines Minister Anthony Lynham said the Meteor Downs South project had been given the go ahead by Sojitz Coal Mining and U&D Mining. It follows
Sedgman Awarded Tailings Dewatering Contract at Stanwell’s Meandu Mine Coal Prep Plant, Queensland
September 15, 2017
Sedgman, CIMIC Group’s mineral processing company, has secured an Engineering Procurement and Construction contract with revenue of $6 million with Stanwell Corporation to provide a tailings dewatering facility at the Meandu Mine coal handling and preparation plant in the South
Peabody Enters Agreement to Sell Majority of Burton Mine to Lenton Joint Venture for $11 Million
September 15, 2017
Peabody has entered into an agreement to sell the majority of its Burton mine and related infrastructure to the Lenton Joint Venture for approximately US$11 million. The Lenton Joint Venture will assume the reclamation obligations associated with the assets being
Mongolia Ranks Fourth in Coal Exports
September 14, 2017
Today, 99 percent of Mongolian coal is being exported to China. In 2016, the coal import of China went up by 23 percent as the annual working days of local mines have been lowered from 365 to 276. A MONTSAME
Coal India: Coal to Remain India’s Mainstay Power Generation Fuel Until 2040
September 14, 2017
Coal will remain the mainstay fuel for power generation in India in the next two decades despite stiff competition from rapid capacity additions of renewable energy, an official at state-owned Coal India said Tuesday. Thermal coal, which accounts for about
India Opens Up Commercial Mining Market with Auction of Ten Coal Mines
September 14, 2017
Breaking the 41-year-old stranglehold of state-owned Coal India Ltd (CIL), the government has decided to offer 10 mines for auction as a first step in opening up India’s commercial mining market for coal. This comes seven months after the Centre
Heron Completes A$141 Million Funding for Development of Woodlawn Zinc-Copper Project, Australia
September 13, 2017
Heron Resources Limited has completed its A$141 million equity funding as part of the full A$240 million total Woodlawn Zinc-Copper Project development funding package. Highlights: • Woodlawn is fully funded through construction and ramp-up • Global mining and private
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