Coal Mining News

Strategic Metals Ltd
Strategic Metals Ltd
SMD
Coal
Yukon

Strategic Metals Ltd Advances its Division Mountain Project with a Scoping Study and a Preliminary Economic Assessment

Strategic Metals Ltd has released a Scoping Study and a Preliminary Economic Assessment (PEA) for its Division Mountain Coal Project in Yukon. The project aims to supply coal to a coal-fired power plant to provide a cheaper alternative to imported diesel and LNG for the Yukon grid. The PEA indicates a total capital cost of $978.6 million and a base case after-tax IRR of approximately 8% at an electrical sales price of $194/MWh.

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Silver Elephant Mining Corp.
Silver Elephant Mining Corp.
ELEF
Coal
Mongolia

Silver Elephant Leases Ulaan Ovoo Coal Mine in Mongolia to Major Mining and Industrial Conglomerate

Silver Elephant Mining Corp. has signed a lease agreement for its Ulaan Ovoo coal mine in Mongolia with a major local conglomerate. Under the terms, the company will receive a royalty of US$2 per tonne for the first two years, increasing to US$3 per tonne from 2028, alongside an immediate US$300,000 advance payment.

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Strategic Metals Ltd.
Strategic Metals Ltd.
SMD
Coal
Yukon

Strategic Metals Acquires the Division Mountain Thermal Coal Deposit, Yukon

Strategic Metals Ltd. has acquired two coal licenses for the Division Mountain thermal coal deposit in the Yukon. The deposit contains a historical measured resource of 52.5 Mt and a proven reserve of 26.4 Mt of bituminous coal, though these figures date back to 2008 and have not been updated to current NI 43-101 standards.

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Colonial Coal International Corp.
Colonial Coal International Corp.
CAD
British Columbia

Coal Stocks On The Rise As Demand For Steel Soars In 2024

A news article discussing the resurgence of the coal sector, specifically metallurgical coal, driven by steel demand. It profiles several companies including Benjamin Hill Mining Corp, Alpha Metallurgical Resources, Warrior Met Coal, and Colonial Coal International Corp.

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Colonial Coal International Corp.
Colonial Coal International Corp.
CAD
Coal
British Columbia

Colonial Coal Announces Results of a Preliminary Economic Assessment for an Open Pit Only Mine at its Huguenot Project

Colonial Coal has released a Preliminary Economic Assessment (PEA) for a stand-alone open pit mine at the Huguenot Project in British Columbia. The study indicates a 27-year mine life with 72 million tonnes of product coal, utilizing a revised truck-to-rail transport concept that reduces capital costs compared to previous rail-direct options.

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Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd.
PAK
Coal
Colombia

Pacific Coal Resources Ltd. Announces 2015 Third Quarter Financial Results

Pacific Coal Resources Ltd. reported its Q3 2015 financial results, characterized by a sharp decline in coal production and sales compared to previous periods. The company faced operational challenges, including a suspension of activities at the Cerro Largo mine and contract disputes at La Caypa, resulting in an operating loss.

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Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd.
PAK
Coal
Colombia

Pacific Coal Resources Ltd. Announces 2015 Second Quarter Financial Results and Operational Update

Pacific Coal Resources reported a net loss of $7.15 million for Q2 2015, driven by lower coal sales and declining realized prices. Despite the financial downturn, the company entered a debt restructuring agreement with Masering and is negotiating the potential purchase of the Cerro Largo mine.

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