Coal News

Coal mining, investment and price news

Vale Q2 profit down on weak prices from iron glut

Jeffrey Richmond | July 31, 2014
vale profit down in q2 on iron oversupply, weak prices feat

Write-downs also hurt bottom line, yet production robust.

Aussie model's naked war on coal

Frik Els | July 31, 2014
Aussie model's naked war on coal

Robyn Lawley, Australian fashion model and environmental campaigner is using social media to protest the approval of a massive new coal mine in Queensland.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Rio’s $3.7bn Mozambique coal business fetches $50m

Frik Els | July 30, 2014
Rio’s $3.7bn Mozambique coal business fetches $50m

The assets were acquired when it took over Riversdale Mining in 2011.

Failure to cut carbon emissions to cost the U.S. $150bn a year: report

Cecilia Jamasmie | July 30, 2014
Failure to cut carbon emissions to cost the U.S. $150bn a year: report

The White House document concludes that the cost of mitigating the effects of climate change could rise by as much as 40%.

US utilities turn to Colombia, Russia for coal in 2014

SNL Energy | July 29, 2014
US utilities turn to colombia, russia for coal in 2014

Less expensive than burning domestic coal.

Aussie miners see more doom and gloom ahead

Frik Els | July 29, 2014
Aussie miners see more doom and gloom ahead

Survey shows 9 out of ten Australian mining execs see few positives over next 12 months.

Australia’s newest and biggest coal mine gets federal approval

Cecilia Jamasmie | July 28, 2014
Australia’s newest and biggest coal mine gets federal approval

The controversial US$15bn Carmichael Coal Mine and Rail Project is being developed by Indian conglomerate Adani Group.

Mass grave with hundreds of skeletons found in Bolivian mining town

Cecilia Jamasmie | July 27, 2014
Mass grave with hundreds of skeletons found in Bolivian mining town

Hundreds of thousands have died over the years at the city's main silver mine, as a direct result of cave-ins, overwork, hunger and disease.

Freeport, Indonesia make peace: copper exports to resume in August

Cecilia Jamasmie | July 25, 2014
Freeport, Indonesia make peace: copper exports to resume in August

Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.

Miners need to overhaul business model to boost productivity: study

Cecilia Jamasmie | July 25, 2014
Miners need to overhaul business model to boost productivity: study

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

Teck Resources' profit hit by lower coal prices

Cecilia Jamasmie | July 24, 2014
Teck Resources' profit hit by lower coal prices

The price drop overshadowed the miner’s coal sales increase during the quarter, which totalled 6.8 million tonnes, compared with 6.3 million tonnes a year earlier.

Itochu, Sumitomo seek to sell Glencore stake

Jeffrey Richmond | July 22, 2014
itochu, sumitomo seek to sell glencore stake feat

Move comes amid commodity price downturn.

Joy Global picks Meridium to optimize asset performance and equipment reliability

Joy Global | July 22, 2014
4

Joy Global will use the Meridium tools to predict and prevent asset failures and enhance maintenance strategies.

Work resumes at New Zealand Escarpment coal mine

Cecilia Jamasmie | July 21, 2014
Work resumes at New Zealand Escarpment coal mine

Current activities are paving way for coal storage, site infrastructure and initial earthworks for the installation of water management systems.

India may allow private companies to commercially mine coal

The Economic Times | July 21, 2014

India's government will initiate the process of allowing private companies to commercially mine coal and end the state monopoly after the public offer of shares of Coal India Ltd.

Australia becomes world's first developed nation to repeal carbon laws

Cecilia Jamasmie | July 17, 2014
Australia becomes world's first developed nation to repeal carbon laws

The country, one of the largest per capita greenhouse gas emitters, no longer has a carbon tax.

Indian demand for Aussie coal to stay strong: economist

Jeffrey Richmond | July 15, 2014
indian demand for aussie coal to stay strong feat

Imports needed for struggling power plants.

2014 commodities halftime report

What a difference six months can make.

India may ask state-run miner to import coal

Jeffrey Richmond | July 14, 2014
India may ask state-run miner to import coal feat

Coal-based power plants struggling to meet demand.

For US coal industry, volatility 'a new normal'

SNL Metals & Mining | July 14, 2014
For US coal industry, volatility 'a new normal'

The sector is facing an even more uncertain future as the impacts from weaker demand and environmental regulations are creating more contractual volatility from the utilities to the railroads.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

Beijing takes air pollution by the horns, imposes use of clean coal

Cecilia Jamasmie | July 12, 2014
Beijing takes air pollution by the horns, imposes use of clean coal

This is the first time China enforces the use of clean coal, and it follows a series other pollution-curbing measures.

Alberta lags on emissions targets: auditor general

Jeffrey Richmond | July 9, 2014
alberta lags on own emissions targets feat

Government only now preparing first public report on 2008 strategy.

India's coal power plants about to run out of stocks

Cecilia Jamasmie | July 7, 2014
India's coal power plants about to run out of stocks

Government said close to a half of the country's coal power plants only have enough stocks to last a week.

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