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Mechel Begins Importing U.S. Coal into Russia |
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Tuesday, 20 July 2010 15:23 |
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As the result of insufficient supplies of certain coking coal concentrates in Russia, Mechel OAO initiated imports from its Bluestone operations in the U.S. The first 73,500 metric tons (mt) of coal have already arrived to the Port Mechel Temryuk. Mechel said it intends to arrange regular coal supplies from U.S. to Russia for both internal use and regional Russian sales.
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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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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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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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