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Recent News Stories

  • Store Norske Spitsbergen Grubekompani equipment sale

    The Norwegian Government, which owns Store Norske Spitsbergen Grubekompani AS, have decided to close the Coalmines in Lunckefjell and Svea at Svalbard. The area has to be cleared and all the equipment including spare parts are to be sold. The clearing process will take place over several years and the machines and equipment will be sold continuously as they are released. THE FOLLOWING SURFACE EQUIPMENT

  • Is the world running out of gold?

    As the yellow metal hits peak production, experts feel we may have discovered all of the world’s major gold deposits. So what does it mean for the precious metal aficionados and investors?      The murmurs that the world is running out of gold deposits have grown louder in the past two years. Several experts and industry magnates, including Canadian miner Goldcorp’s chairman, Ian Telfer, have forecast

  • The largest remaining coal mines in the US?

    Overall, the US produced 774.6 million short tonnes of coal in 2017 and accounts for 13% of the world’s coal production, according to a report by the US Energy Information Administration (EIA) Image: An 80 foot coal seam at the North Antelope Rochelle opencut coal mine. Photo courtesy of Peabody Energy, Inc./Wikipedia.org Coal continues to be a major source of energy in the US, which

  • South Korean government to increase tax on bituminous coal to reduce fine dust pollution

    New measures expected to reflect environment costs of certain fuel types Yeonghueng Power Station in Incheon’s Ongjin County is the only coal-fired power station in the greater Seoul metropolitan area. (Hankyoreh archives) Starting in April, the tax that South Korea places on bituminous coal will increase from 36 won to 46 won (US$1=1,130.62 won) per kilogram, while the tax on liquefied natural gas (LNG) will

  • Chinese firm to expand metal mining projects

    President of the Metallurgical Corporation of China (MCC) He Xuping said recently that the company was working on expanding Saindak copper-cum-gold and Dhodar lead-zinc projects, adding that the expansion would pave for foreign investment in metal mining in Balochistan. He said this during a meeting with Balochistan Chief Minister Jam Kamal Khan Alyani. MCC Vice President Ma Weiqing was also present. He Xuping said that

  • JAG inks MoU with Empire Mining for bauxite mining

    JAG Bhd has inked a Memorandum of Understanding (MoU) with Empire Mining Sdn Bhd to set out intentions and mutual understanding in connection with the possible joint venture. The parties will look at the possibility for JAG or its nominated subsidiary to enter into joint venture with Empire Mining to extract, process and produce bauxite in Pulau Langkawi, Kedah. The parties have agreed to negotiate

  • Woodhouse Colliery Planning Application

    Cumbria County Council (CCC) has formally granted planning approval to West Cumbria Mining (WCM) to develop its Metallurgical Coal Project, which will be known as Woodhouse Colliery – a new underground mine, located on a brownfield site, to the south west of Whitehaven in West Cumbria. Since 2014, the company has been working on its plans to develop a 21st Century mine which has included

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