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BHP Billiton Finalizes JV Arrangements for its Indonesian Coal Project |
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Tuesday, 20 July 2010 15:23 |
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BHP Billiton formed a new joint venture for its Indonesian Coal Project (ICP) with a subsidiary of PT Adaro Energy TBK following the completion of government approvals. Adaro has acquired a 25% interest in the ICP joint venture, with BHP Billiton holding the remaining 75%.
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Riversdale Signs Agreements with Chinese |
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Tuesday, 20 July 2010 15:23 |
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Riversdale Mining Ltd. has signed a non-binding Memorandum of Understanding with Wuhan Iron and Steel Corp. and a logistics partnership agreement with the China Communications Construction Co. for the development of the Zambeze Coal Project in Mozambique.
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Czech Republic’s OKD to Make Major Investment in Development |
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Tuesday, 20 July 2010 15:21 |
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Czech coal-mining firm OKD plans to invest more than $248 million into mining development and purchase of technologies during the next five years, or about $50 million per year, said CEO Klaus-Dieter Beck. Black-coal mining in northern Moravia is planned at least until 2030, Beck said. Last year, OKD’s net profit fell by 85%.
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SouthGobi Resources Builds Coal Handling Facility in Mongolia |
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Tuesday, 20 July 2010 15:22 |
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SouthGobi Resources has commenced construction of a coal handling facility at its producing Ovoot Tolgoi coal mine in southern Mongolia.
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Hunnu Coal Acquires Interest in Tsohio Coal Project |
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Tuesday, 20 July 2010 15:21 |
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Hunnu Coal has acquired a 60% interest in the Tsohio Coal Project, which is located approximately 40 km south of the company’s Khuree 2 coal project in the Umnugobi Province of Mongolia between the Tavan Tolgoi coking coalfield and South Gobi Energy Resources’ coalfield and 60 km north of Mongolian-Chinese border.
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