Waratah Coal has appointed engineering company WorleyParsons as lead consultant and project manager for its proposed $5.3 billion mine, rail and port development in central Queensland.Waratah Coal proposes a large-scale thermal coal mine near Alpha, west of Emerald, linked by a new 495km heavy haul rail line to a...
By Euan Rocha NEW YORK (Reuters) - Iron ore pellet maker Cleveland-Cliffs Inc CLF on Wednesday said it agreed to acquire coal miner Alpha Natural Resources Inc ANR for about $8.3 billion, expanding its coal assets and positioning itself to capitalize ...
LONDON (Reuters UK) - The world's biggest mining group BHP Billiton and partner Mitsubishi Corp agreed to pay $2.4 billion (1.2 billion pounds) in cash for a coal project next to their existing mine in Australia, BHP said on Thursday. The BHP Billiton Mitsubishi Alliance BMA,...
By Fayen Wong PERTH (Reuters UK) - Australia's Origin Energy ORG urged shareholders on Friday to reject a $13.1 billion (6.6 billion pound) bid from gas company BG Group BG, as speculation grew over whether BG would raise its offer. BG went hostile with its A$15.50...
Molopo Australia Ltd shares surged close to nine per cent after the company unveiled a fivefold increase in the gas potential for its Queensland assets.The company estimates that its Qld acreage contains 7.5 trillion standard cubic feet Tscf of gas-in-place, with 2.3 Tscf to 3.6 Tscf gas-in-place potentially commercial...
By Fayen Wong PERTH (Reuters UK) - Gas producer BG Group launched a hostile $13.1 billion (6.66 billion pounds) bid for Australia's Origin Energy, as it seeks to boost its position in Asia-Pacific's fast-growing gas market. BG is taking its A$13.8 billion (6.7 billion pounds) ...
By Fayen Wong PERTH (Reuters) - British gas producer BG Group launched a hostile $13.1 billion bid for Australia's Origin Energy, as it seeks to boost its position in Asia-Pacific's fast-growing gas market. BG is taking its A$13.8 billion all-cash bid, valuing ...
Transport and logistics group QR Ltd has appointed a new head of its coal business as it prepares for strong competition in the Queensland coal rail market.Marcus McAuliffe will take over as group general manager of QR National Coal, the largest of the company's four freight businesses.The business serves...
NEW YORK (Reuters) - Coal producer Peabody Energy Corp BTU said on Wednesday its second-quarter profit more than doubled, easily beating Wall Street forecasts, as soaring global demand drove prices higher. Net income was $233.4 million, or 86 cents per share, ...
Greenpower Energy Ltd says it has identified the potential for commercial coal seam gas production from the North Perth Basin in Western Australia.The explorer has identified contingent resources of 1.63 TCF of gas hosted in 10 prospects located close to the Parmelia pipeline, which transports gas from the Perth...
By Megan Davies NEW YORK (Reuters) - Bidders for Rio Tinto Plc's RIORIO U.S. coal unit, Energy America, have a deadline of the end of business on Wednesday to lodge interest in the asset, sources familiar with the situation told Reuters. Initial indications...
BHP Billiton Ltd says rival Rio Tinto Ltd has failed to negotiate a freight premium into its iron ore price settlement with Chinese steelmakers.Baosteel, China's largest steelmaker, and Rio Tinto late on Monday reached an agreement for an 79.88 per cent rise and a 96.50 per cent increase in...
The Company: Synthesis Energy Systems, which builds and operates integrated coal-to-methanol gasification plants. The Filing: A Form 8-K filed with the SEC on June 23, 2008. The Finding: Synthesis Energy is using the proceeds from a $93 million equity offering...
LONDON (Reuters) - After conquering the steel industry two years ago, Lakshmi Mittal was soon looking for his next challenge. Indian-born Mittal, the dominant shareholder in the world's largest steel group ArcelorMittal ISPA, has been racing to boost control over raw...
In order to meet the customers' growing demand for low-cost, reliable electric power, the company burns coal, America's most abundant energy resource. Coal, like other fuels, burns because it contains carbon. The heat is used to make steam, which turns a turbine-generator, producing electricity. When the coal is burned, most...
New Low NOx Natural Gas Combustion System Re-Powers 60MW Tilting Tangential Coal Fired Unit - Reduces NOx Emission. Units 1, 2 and 3 of Consumers Energy Company's B.C. Cobb Station in Muskegon, Mich. were 60 MW power plants commissioned in 1948. But in 1990, after 42 years in use, the...
There is now a major economic incentive for utilities owning retired coal fired capacity to consider conversions to natural gas and or oil. The older, smaller, high heat rate coal- fired units were retired because it was not practical five years ago to invest the capital required to bring these...
Peabody Holding Company, the largest U.S. coal producer, has completed a project to improve the performance of a coal slurry pumping system at its Randolph Coal Preparation plant. The modified system uses a smaller pump with an 8" x 10" casing and a 32" diameter impeller with an output that...
ArcelorMittal said it has increased its stake in Australian miner Macarthur Coal Ltd to 19.9 per cent by buying shares from another stakeholder as part of a strategy to safeguard its raw materials supply.In May, Arcelor paid $604 million for a 14.9 per cent stake in Macarthur Coal, but...
Steve Leer, Chairman and Chief Executive of Arch Coal, one of the nation's largest steam coal producers, warned that a world coal shortfall could last at least two or three years and could reach 70 million tons next year. Nonetheless, from his perch, with prices rising, the air must smell...
