Coal News

Coal mining, investment and price news

Life coming back to the global exploration sector

Cecilia Jamasmie | April 27, 2015
Life comes back to the global exploration sector

After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.

German workers march against coal-plant levy

Andrew Topf | April 26, 2015
shutterstock coal plant pollution 333 4

Protesters held placards that read, "Hands off our brown coal", and "We oppose the social blackout in our region".

China is burning through its natural resources

Vladimir Basov | April 26, 2015
Slowdown. What slowdown? China's copper, iron ore imports set records

China is the globe's top mining country, but its alarming reserves-to-production ratio is forcing domestic miners to hunt for deals in the rest of the world.

Mick Davis tells investors to stay away from coal, Africa

Cecilia Jamasmie | April 22, 2015
Mick Davis tells investors to stay away from coal, Africa

When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.

Beyond oversupply: steelmakers need higher-quality iron ore

CEO.CA | April 22, 2015

All iron ore is not created equal.

AME BC pleased with federal budget 2015

AMEBC | April 22, 2015
AMEBC pleased with federal budget

“We are very pleased to see the federal government’s commitments to extend the Mineral Exploration Tax Credit through March 2016 and to expand the eligibility of Canadian exploration expenses,” says David McLelland, Chair of AME BC

Teck cuts dividend as coal continues downward slide

Business in Vancouver | April 21, 2015
Teck cuts dividend as coal continues downward slide

Canada’s largest diversified miner says slashing the dividend by two-thirds will allow it to keep generating positive cash flow.

Here’s what China closing coal-power plants means for emissions

Bloomberg | April 20, 2015

China’s recent scrapping of small coal plants will avoid the release of as much as 11.4 million metric tons annually of climate-warming carbon dioxide, helping the country cut emissions for the first time in more than a decade.

Andrew Topf

Will solar be the bullet that kills coal?

Andrew Topf | April 19, 2015
solar panels 600x400

A new adversary is emerging for coal. It comes from silicon wafers, the material used to make solar panels.

World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Cecilia Jamasmie | April 17, 2015
World Bank financing fossil fuel-related projects, while calling to end subsidies — report

Study shows the bank offered $3.4bn in loans, grants, guarantees, risk management and equity for fossil fuel-related projects for the 2013-14 financial year.

BHP, Rio face hard choices as ore woes set in

Herald Sun | April 17, 2015

Once the darlings of the local market, BHP Billiton and Rio Tinto now face a rocky road as investors accept the reality that lower iron ore prices will last for longer.

Australia’s AGL to shut all coal plants by 2050

Cecilia Jamasmie | April 17, 2015
Australia’s AGL to shut all coal plants by 2050

Australia's No.2 power retailer's decision aims to curb greenhouse gas emissions.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Iron ore price surges on Chinese import growth

Frik Els | April 13, 2015
Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

China's coal imports fall nearly half in 12 months as anti-pollution drive bites

The Guardian | April 13, 2015

A slowing economy and tougher environmental checks to curb chronic air pollution problems are behind the 42% drop in imports.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

BHP won’t reveal tax bill estimate in audit over Singapore hubs

Cecilia Jamasmie | April 10, 2015
BHP won’t reveal tax bill estimate in audit over Singapore hubs

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Canada’s Quebec re-launches less ambitious Plan Nord

Cecilia Jamasmie | April 8, 2015
Canada’s Quebec re-launches less ambitious Plan Nord

The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.

Workers strike at Anglo’s coal mine in South Africa

Cecilia Jamasmie | April 8, 2015
Workers strike at Anglo’s coal mine in South Africa

More than 400 members of the National Union of Mineworkers (NUM) downed tools Wednesday, demanding the removal of the mine's general manager.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

Batista trial descending into farce

Frik Els | April 7, 2015
Batista trial descending into farce

The Brazilian judge in Eike Batista's landmark trial was first caught driving mining tycoon's seized Porsche and is now charged with embezzling drug money.

Iron ore price breaks fall, claims big scalp

Frik Els | April 7, 2015
Iron ore price breaks fall, claims big scalp

Iron ore regained its footing Tuesday, but too late for once high-flying Atlas Iron as 13mtpa producer's shares are suspended and receivership looms.

Mongolia halts landmark deal with foreign firms over massive coal mine

Cecilia Jamasmie | April 7, 2015
Mongolia halts landmark deal with foreign firms over massive coal mine

The country's parliament decided Tavan Tolgoi needs the approval of legislators before going ahead.

Three injured in fire at Teck’s Greenhills coalmine

Business in Vancouver | April 6, 2015
teck resources drop two

Three employees of Teck Resources Limited have received non-life-threatening injuries after a flash fire.

South Africa's Sasol coal miners seek damages over lung disease

Bloomberg | April 3, 2015

Coal miners in South Africa who worked at a unit of Sasol and contracted lung diseases filed a suit seeking damages from the company, according to their lawyer.

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