HOME ABOUT US ADVERTISE PREMIUM SUBSCRIBE SITE MAP HELP CONTACT VIDEO SURVEYS   Saturday 11 September 2010 Make MNN my HomePage    COAL 2009 STORIES [ 28 Results - Showing Results 1 to 28 ] Centennial exports to pay off in second half (Friday, 27 November 2009) CENTENNIAL Coal expects a stronger fiscal second-half profit as exports from its Mandalong and Airly mines kick in. Full Story... Windy blows into coal (Friday, 27 November 2009) JUNIOR gold and nickel explorer Windy Knob Resources is moving into the challenging world of Mongolian coal, inking a deal to acquire the Ovoot coking coal project in the northwest of the country. Full Story... No dramas for New Hope (Thursday, 26 November 2009) CASHED-up coal producer New Hope is shooting for production and sales of 5-6 million tonnes this financial year. Full Story... Gloucester to tap coal potential (Thursday, 26 November 2009) GLOUCESTER Coal says with modest spend it can significantly expand reserves within its existing tenements and lift production to 3.5 million tonnes per annum from 2014. Full Story... Leighton new kid on processing block (Wednesday, 25 November 2009) THE Australian coal processing market has itself a new player with Leighton Mining today announcing it has teamed up with DRA Pacific to offer design, construction, operation and maintenance of coal handling and processing plants. Full Story... Brazilian steelmaker to take Riversdale stake (Wednesday, 25 November 2009) BRAZILIAN steelmaker CSN will take a 16.3% stake in Australia-listed Riversdale Mining, giving it access to the company’s future African production. Full Story... Sedgman ready for another windfall (Wednesday, 25 November 2009) ENGINEERING and services company Sedgman expects better earnings ahead after a rough ride during the global financial crisis. Full Story... Mac take on China figures (Wednesday, 25 November 2009) MACQUARIE has countered claims of a collapse in China’s commodities demand, estimating a 1508% year-on-year surge in Australian coking coal exports to China for the first 10 months of 2009 and a 39% gain in iron ore exports. Full Story... Chinese bank backs Palmer (Monday, 23 November 2009) METALLURGICAL Corporation of China has delivered on its promise to arrange 70% of the finance for Clive Palmer’s $A7.5 billion China First project, delivering a letter of support from a major Chinese bank over the weekend. Full Story... Cloud Peak brings in more cash for Rio (Monday, 23 November 2009) RIO Tinto will make $US741 million ($A810 million) from floating the Cloud Peak Energy coal business on the New York Stock Exchange, adding to its $US7.56 billion kitty from asset sales in the past two years. Full Story... Aquila’s pay day (Monday, 23 November 2009) HAVING sealed its $A285.6 million investment deal with coal and iron play Aquila Resources, Baosteel now owns 19.99% of the company. Full Story... Coal & Allied looks to Newcastle overhaul (Friday, 20 November 2009) MAJOR Hunter Valley producer Coal & Allied has shed light on the new framework to manage coal exports out of Newcastle from the start of 2010. Full Story... CFMEU contradicts coal mining job losses (Wednesday, 18 November 2009) WITH the Senate headed for a showdown over the Carbon Pollution Reduction Scheme next week, the Construction Forestry Mining Energy Union has claimed the controversial proposal will not damage the industry as much as coal companies suggest. Full Story... Macarthur downgrades profit forecast (Wednesday, 18 November 2009) MACARTHUR Coal says its profits could be 72% lower for the six months to December, blaming weaker coal prices and a higher Aussie-US dollar foreign exchange and hedging rate. Full Story... Baosteel, Aquila deal ticks all the boxes (Tuesday, 17 November 2009) BAOSTEEL’S $A286 million investment in coal miner and iron ore hopeful Aquila Resources can go ahead after winning final Chinese approvals. Full Story... Job cuts and industrial action at North Goonyella (Friday, 13 November 2009) PEABODY Energy Australia aims to shed at least 30 workers from its North Goonyella longwall mine in Queensland’s Bowen Basin, while about 280 workers are taking two three-hour stoppages per shift as enterprise bargaining agreement talks stall. Full Story... China boom not bust (Thursday, 12 November 2009) MACQUARIE analysts have come back from China with fresh evidence the short-term correction in the country’s steel demand is over, with the investment bank offering a more bullish outlook on coking coal and iron ore exports. Full Story... Public turn for coal giant (Wednesday, 11 November 2009) THE world’s largest coal company is going public and eyeing opportunities in Australia. Noel Dyson reports from the Austmine conference in Adelaide. Full Story... Wesfarmers kicks off Curragh expansion (Tuesday, 10 November 2009) WESFARMERS will expand its Curragh mine in Queensland’s Bowen Basin after signing a deal with Stanwell Corporation to access its coal reserves north of the operation. Full Story... New Hope expansions on track (Tuesday, 10 November 2009) NEW Hope has several expansions on the go, with the ramp-up of the New Acland mine in southeast Queensland nearly complete, a new stacker installed at Brisbane port operator Queensland Bulk Handling and exploration continuing at several projects. Full Story... Rey directors knock back another offer (Monday, 9 November 2009) REY Resources’ directors have rejected the cash takeover offer from Hong Kong-based asset management group Crosby Capital of 19.5c per share, partly because it is lower than the coal explorer’s current $15 million equity raising efforts at 20c per share. Full Story... Xstrata takes BlueScope to court (Friday, 6 November 2009) XSTRATA Coal and its Tahmoor Coal subsidiary, along with Macquarie Coal Marketing, have filed a $A120 million claim in the New South Wales Supreme Court against BlueScope Steel over matters concerning a coal delivery. Full Story... Vale closes Broadlea coal mine (Friday, 6 November 2009) VALE will cut about 80 jobs from the Broadlea coal in Queensland by the end of the month as it closes down the mine and ramps up the neighbouring Carborough Downs longwall. Full Story... $480M for Gunnedah project (Thursday, 5 November 2009) COAL & Allied has struck a hefty deal to sell its undeveloped Maules Creek project in the New South Wales Gunnedah Basin to Aston Resources for $A480 million cash. Full Story... BMA’s Daunia given go-ahead (Wednesday, 4 November 2009) BHP Billiton Mitsubishi Alliance’s $A625 million Daunia mine in Queensland’s Bowen Basin has been given the environmental go-ahead, putting it on track for a 2011 start-up. Full Story... Growing confidence in Chinese coal demand (Tuesday, 3 November 2009) FIFTY-one per cent of the audience attending the coal market session of the recent Coaltrans conference in London expect next year’s coking coal benchmark to reach $US175 a tonne on the back of growing Chinese exports. Full Story... Baosteel given green light for Aquila investment (Friday, 30 October 2009) THE Foreign Investment Review Board has approved Baosteel’s $A285.6 million investment in Australian coal and iron ore company Aquila Resources. Full Story... Sedgman tipped to win Benga contract (Friday, 30 October 2009) GOLDMAN Sachs JBWere has forecast a revenue boost for Sedgman of at least $A80 million as it expects the engineering firm to win the coal handling and preparation plant contract for the Benga project in Mozambique. 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