Coal News

Coal mining, investment and price news

World's top 5 miners lose $540 BILLION market worth

Frik Els | September 4, 2015
World's top 5 miners lose $540 BILLION market worth

CHART: New wave of selling hits world's top five public mining companies Friday as the commodity slump slashes market valuations to 60–88% below 2011 highs.

Cecilia Jamasmie

Glencore’s just had one of its worst weeks ever — shares down 22 pct

Cecilia Jamasmie | September 4, 2015
Glencore’s just had one of its worst weeks ever

The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.

Western Australia premier calls end of mining downturn

ABC Radio Australia | September 3, 2015

Premier Colin Barnett says the mining downturn has bottomed but warns the next 12 months will be risky for minerals companies.

China factory data roils copper stocks – Freeport falls 9%

Frik Els | September 1, 2015
China factory data roils copper stocks – Freeport down 9%

Billions wiped from mining sector as Chinese manufacturing activity contracts to a six-and-half year low.

Coal M&A predicted to rise as prices slump and growth projects prove difficult

Sydney Morning Herald | August 31, 2015

Consolidation is set to sweep Australia's struggling coal sector over the next six to 12 months, as diversified majors lose patience with depressed coal prices and companies choose M&A instead of navigating a political and environmental minefield to develop new projects.

Suppliers feel pain as coal miners struggle

Wall Street Journal Online | August 31, 2015

Thousands of firms scramble for new customers in the US: ‘it’s been catastrophic’

Power shortages, cost cuts to hit Congo’s copper output

Cecilia Jamasmie | August 28, 2015
Power shortages, cost cuts to hit Congo’s copper output

With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.

Freeport-McMoRan cuts spending, production and jobs: shares soar

Cecilia Jamasmie | August 27, 2015
Freeport-McMoRan cuts spending, production and jobs: shares soar

The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.

About 80% of Colombia’s gold output comes from illegal miners — Gov't

Cecilia Jamasmie | August 27, 2015
About 80% of Colombia’s gold output comes from illegal miners — Gov't

Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.

Jim Rogers: Commodity bull market hasn't gone away

Frik Els | August 26, 2015
Jim Rogers: Commodity bull market hasn't gone away

Commodity investing legend says the Chinese market is on its way to "finding a good bottom."

Vale sells Integra coal mine in Australia to Glencore and Bloomfield

Cecilia Jamasmie | August 26, 2015
Vale sells Integra coal mine in Australia to Glencore and Bloomfield

The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Cecilia Jamasmie | August 25, 2015
Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Visual Capitalist

INFOGRAPHIC: The evolution of America's energy supply (1776 – 2014)

Visual Capitalist | August 25, 2015
Largest coal mines still in Wyoming, but US is diversifying

The Energy Information Administration (EIA) recently released data on the history of America’s energy supply, sorted by the share of each energy source.

Anglo American ok to extend debated coal mine in Australia

Cecilia Jamasmie | August 25, 2015
Anglo American ok to extend debated coal mine in Australia

New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.

BHP Billiton posts worst profit in over 10 years

Cecilia Jamasmie | August 25, 2015
BHP Billiton posts worst profit in over 10 years

As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.

Frik Els

CHART: Stop panicking about China and mining

Frik Els | August 24, 2015
GRAPH: Stop panicking about China and mining

We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.

Anglo American sells copper mines in Chile to UK investment firm

Cecilia Jamasmie | August 24, 2015
Anglo American sells copper mines in Chile to UK investment firm

The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.

Will India no longer buy Australian coal?

The answer is NO, according to the leader of The Greens, Richard Di Natale.

South32 survives mining sector slump, to cut $350m in costs until 2018

Cecilia Jamasmie | August 24, 2015
South32 survives mining sector slump, to cut $350m in costs until 2018

The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.

China fresh sell-off sends commodities, markets to the pits

Cecilia Jamasmie | August 24, 2015
China fresh sell-off sends commodities, markets to the pits

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Coal mine massacre during Solidarity-era Poland to go public

Andrew Topf | August 23, 2015
The memorial to the coal miners who died at Wujek.

One of the darkest events in the martial-law era of Poland in the early 1980s will soon be available to the public.

Visual Capitalist

INFOGRAPHIC – On the precipice: Will global markets follow commodities off the cliff?

Visual Capitalist | August 21, 2015
INFOGRAPHIC - On the precipice - graph

Today may be the end of this trend of divergence. US equities are at a precipice: fueled by low rates and quantitative easing for years, they have finally started to tumble from record highs.

Forget slower growth, worry about Chinese GDP contraction

Frik Els | August 20, 2015
Forget slower growth, worry about Chinese GDP contraction

Chinese rail freight tonnage – a key indicator for economic activity and the commodities trade – has plunged by 10.2% this year.

These are the US top coal basins

SNL Energy | August 20, 2015

SNL Energy Research analyzes the top coal basins in select regions amid predictions of further pain for the global coal industry, including mine closures, liquidations and bankruptcies.

New landscape for BC mining environmental reviews

Canada must open mining to First Nations to remain competitive— study

First Nation support for resource projects has become increasingly important to their success.

Kalgoorlie takes hit after mining tenement numbers collapse

ABC News | August 19, 2015

Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.

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