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January 20th, 2009
Category
Coal, Exploration, Mining Company, Mining Industry |
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Coal in Indonesia is one of alternative energy sources outside the oil and gas. Coal sludge spread wide in the area of Indonesia. One of the areas that have seen the potential of coal is a very big island of Kalimantan.
This area contains a lot of coal resources with an adequate thickness varies, located up to a depth of more than 100 m, and has a slope that is not homogeneous.
This situation shows the profit picture for the method ditambang underground mine. In some places a layer of coal is in the area under protected areas, which is closed to the possibility of the method grown mine.
Currently, many companies that make coal exploration activities in these areas, even some of them have made the production activities.
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December 2nd, 2008
Category
Mining Industry, Mining Investment, Uranium |
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Opponents of uranium mining in Pittsylvania County are poised to pick up a potentially influential ally: the city of Virginia Beach.
Virginia Beach City Council is slated to consider an official resolution next month that would put the beachfront resort of 436,000, Virginia’s largest city, on record against the proposed Coles Hill uranium mine outside of Chatham. Several Council members spoke out last Tuesday against the project, expressing concerns that a natural disaster could poison the watershed that feeds the city’s water supply.
In 1997 Virginia Beach began pumping water from the Lake Gaston pipeline, which taps the Roanoke River watershed of which Pittsylvania County is a part.
Virginia Beach Director of Public Utilities Thomas Leahy warned that under a worst-case scenario, a hurricane or tropical storm could destroy the lining beds that would contain radioactive mining wastes, unleashing toxins and heavy metals into tributaries that flow into Lake Gaston.
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November 17th, 2008
Category
Mining Industry, Mining Investment, Trade & Market, Uranium |
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The wallets are closing, the bank accounts are running down, the investors are no longer listening. In the next few months there will be a fevered stampede from the cash-strapped juniors to find someone — anyone — with money to help keep them going.
Adrian Day believes he has got in just before the music stops. On Friday his Queensland Gold & Minerals (QGM) sold a chunk of itself to Metallica Minerals (MLM). QGM’s position was fairly parlous. Notwithstanding a reasonable investor story — it has partnerships with global giant Newmont Mining Corp (NEM) and Canada’s Mega Uranium — Day’s back was up against the wall. At September 30, the junior had just $150,000 left in the bank, after spending $299,000 in the previous three months.
Metallica, by contrast, ended the quarter with $24.5 million in its kick and last week launched its $15 million initial public offering for spin-off bauxite play Cape Alumina (CBX when listed). More than $10 million of that raising had been committed before the float opened.
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October 18th, 2008
Category
Coal, Mining Company, Mining Industry, Mining Investment, Mining Technology, Trade & Market |
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Proactive Investor readers might care to run a careful ruler over Churchill Mining. We are sure to be hearing a lot more of this company in the future.
East Kutai Coal Project.
Churchill’s prize asset is its 75% stake in the huge East Kutai Coal Project (EKCP) in Kalimantan, Indonesia, which now boasts a resource of 1.412 billion tonnes (BT). Of this, 118 million tonnes (MT) is presently measured, 322 MT is indicated and the rest inferred.
The figures are unimaginably large, but other coal companies provide helpful context. For example, the well-known undeveloped Phulbari coal resource in Bangladesh totalled 572MT; Vele, the largest of Coal of Africa’s four deposits, stands at 721MT; Western Canadian Coal’s resource inventory with three producing mines totals just 158MT.
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October 10th, 2008
Category
Exploration, Iron ore, Mining, Mining Company, Mining Investment, Mining Technology |
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Giant Indian group Tata Steel continues to expand its upstream investment portfolio, to help secure critical raw material supplies for its global network of steel plants. Currently, Tata Steel produces 22% of the iron-ore it consumes, and plans to increase this to 40% within five years.
The latest deal, announced at the beginning of this month, was a $22,6-million acquisition of a 19,9% share in Canada’s New Millennium Capital Corporation. The investment was undertaken through Tata Steel subsidiary Tata Steel Global Holdings Singapore. This Canadian enterprise, in turn, owns two iron-ore projects in the provinces of Newfoundland, Labrador and Quebec. These are the LabMag taconite iron-ore project in Newfoundland and Labrador, and the Direct Shipping Ore (DSO) project, which is spread across all three of the provinces.
LabMag has 3,5-billion tons of proven and probable mineral reserves, 4,6-billion tons of measured and indicated resources, and 1,2-billion tons of inferred resources,
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September 16th, 2008
Category
Coal, Mining, Mining Accident, Mining Company, Mining Technology |
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Five miners were hurt Monday at a mine in New Haven, West Virginia. That’s in Mason County.
The mining accident happened Monday afternoon at the Broad Run Mine. The mine is owned by Big River Coal Mining Company.
A mine safety spokesperson says a car that was taking miners in and out of the mine lost its brakes and collided with a supply car.
The car was carrying five workers and all of them were taken to the hospital. Four of them have already been treated and released. However, none of the injuries were serious.
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September 14th, 2008
Category
Coal, Drilling, Exploration, Mining, Mining Company, Mining Contractor, Mining Finance, Mining Industry, Mining Investment, Mining Technology |
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Rockies Express Pipeline executives expected to encounter rougher terrain — literally and figuratively — as they etched the giant natural gas line eastward from the vast flatlands of Wyoming, Kansas and Missouri to the towns and farms of Illinois, Indiana and Ohio.
Their expectations were met.
“There’s no question we’ve had pockets of resistance from people who would like to see us go somewhere else,” said REX LLC President Douglas Walker.
Hundreds of citizens have complained about the project, and REX has sued more than 200 landowners in Ohio, Indiana and Illinois to obtain easements through the process of eminent domain. But it’s not just property owners who are fueling the resistance. For example:
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September 6th, 2008
Category
Coal, Gold, Mining, Mining Consultan, Mining Contractor, Mining Investment, Mining Technology |
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If a North Slope gas pipeline is built will it take markets away from Alaska’s longtime and only coal producer, the Usibelli mine at Healy?
People working on studies of in-state gas demand for the pipeline seem to assume that coal-fired power plants in Interior Alaska, Usibelli’s prime market, will switch over to gas.
But the coal company, which has produced at Healy for 65 years, thinks it will easily be able to beat gas on price when it comes to power generation.
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