Aquila Resources says it has secured nearly all of the funding required for the development of its West Pilbara iron ore project, after selling its main coal asset to Japan’s Sumitomo Corporation.
Stocks in Perth-based coal explorer ZYL have tumbled on the ASX this morning, despite the company releasing a feasibility study that confirms its Mbilam coal project in South Africa’s “attractive, competitive economics”.
Aquila Resources says it is in advanced negotiations with an Indian consortium regarding the sale of its Washpool coal project in Queensland but is yet to receive an acceptable offer.
Thousands of miners from several of BHP Billiton's central Queensland coal mines are planning a seven-day strike from next week.
Up to 4000 workers at seven of BHP's Bowen Basin coal mines will strike from next Wednesday, the miners' union says.
Engineering contractor Monadelphous Group has won its first big contract in the marine construction sector, through a joint venture with Malaysia-based marine contractor Muhibbah Engineering (M) Bhd.
A bid to mine coal in Western Australia's sensitive southwest tourism and wine-producing region has been rejected by the state government after the proponent appealed the original Environmental Protection Authority decision.
Environment minister Bill Marmion has backed the Environmental Protection Authority’s decision to reject a Central West Coal proposal to develop a coal mine south of Eneabba.
Five appeals were received in objection to the EPA decision.
Perth-headquartered emerging developer Coal of Africa has announced its intention to proceed with the issue and allotment of 50.32 million conditional placing shares, the second tranche in a US$106 million capital raising.
Modun Resources stocks rose today after the Perth-based coal explorer announced a maiden 489 million tonne JORC-compliant resource at its flagship Nuurst coal project in Mongolia.
C @ today reached its minimum capital raising target of $14 million, after slashing its price by half and lowering its goal by $6 million last week.
The capital raised will see the coal explorer fund the acquisition of eight coal licenses in Mongolia.
Aspire Mining has signed an agreement with Hong Kong-based commodities trading house Noble Group to assist with the development of the Ovoot coking coal project in Mongolia.
Perth-based coal miner Kangaroo Resources has signed a 5-year, $US270 million mining services contract with contractor PT Putra Perkasa Abadi for its Mamahak coal project in Indonesia.
South Africa-focused coal miner ZYL says it will apply for a dual listing of its shares on the Johannesburg Stock Exchange.
ZYL managing director Eric Lilford said the listing was expected to take place in April.
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