Coal News

Coal mining, investment and price news

India's Jindal Steel mothballs $10bn coal project

Cecilia Jamasmie | November 24, 2014
India's Jindal Steel mothballs $10bn coal project

The company became the first major casualty of a Supreme Court decision to scrap most coal fields allocated to private firms since 1993.

In China coal hub, city struggles to survive amid economic slowdown

Wall Street Journal Online | November 24, 2014

Workers go unpaid, factories collect dust in one of China’s slowest-growing cities.

Hedge funds bet on coal-mining failures

Wall Street Journal Online | November 24, 2014

The coal industry is in a prolonged slump with a long list of causes topped by sluggish demand and competition from cheap natural gas, which have pushed prices to historic lows.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Goldman Sachs getting out of coal, uranium

MINING.com Editor | November 24, 2014
Wall street sign mining

Goldman Sachs, the biggest trading firm on Wall Street, will wind down its uranium trading business and may sell its coal mine subsidiary in Colombia, according to a Senate report released last week.

Five Chinese workers among injured in coal mine blast in Malaysia

CRI Online | November 23, 2014

Five Chinese workers were injured Saturday in a coal mine explosion in eastern Malaysia, Chinese consulate in Kuching told Xinhua on Sunday. The explosion has left three persons killed and 29 injured.

New Mongolia PM brings little fresh to Oyu Tolgoi talks

Frik Els | November 21, 2014
mongolia_genghis_khan_statue_400_333

The appointment of Chimed Saikhanbileg on Friday represented "business as usual" for the government, and could further drive away foreign investment.

U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

Cecilia Jamasmie | November 20, 2014
U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

Australia FTA with China: shift from mining to dining

HSBC Bank | November 19, 2014
Australia FTA with China: shift from mining to dining

Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.

A Russian miner, a good camera, the arctic tundra: here’s the result

Cecilia Jamasmie | November 19, 2014
A Russian miner, a good camera, the arctic tundra: here’s the result

Ivan Kislov is a young Russian mining engineer who spends his breaks taking breath-taking photographs of wild animals, mostly foxes, in the arctic tundra.

Michael Torrance - Norton Rose Fulbright

What you need to know about the Canadian government's corporate social responsibility initiative

corporate social responsibility mining norton rose

Being eligible for “enhanced Government of Canada economic diplomacy.”

Coal rush in India could tip balance on climate change

New York Times | November 18, 2014

Decades of strip mining have left this town in the heart of India’s coal fields a fiery moonscape, with mountains of black slag, sulfurous air and sickened residents.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

Batista's new ventures: dog cloning, impotence pills, breath freshener

Frik Els | November 17, 2014
Batista's new ventures: dog cloning, impotence pills, breath freshener

Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

INFOGRAPHIC: a new vision for the mining company of the future

Visual Capitalist | November 13, 2014
Cat Uphill Battle

Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, lack of community trust, and declining productivity are just some of the issues.

Canadian miners performance down 15% in Q3 on falling metal prices

Cecilia Jamasmie | November 13, 2014
Canadian miners performance down 15% in Q3 on falling metal prices

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

New research finds manufacturing execs concerned with access to U.S. mineral supply

National Mining Association | November 13, 2014

The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.

BHP, Rio Tinto call for global deal to push clean coal

Cecilia Jamasmie | November 13, 2014
BHP, Rio Tinto call for global deal to push clean coal

Their plea comes amid fears a climate change deal reached Wednesday between the U.S. and China could hurt coal miners in Australia.

CHART: Mining capital crisis continues

Frik Els | November 12, 2014
CHART: Mining capital crisis continues

To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Frank Holmes' advice to investors? Chill

The Gold Report | November 11, 2014
Photo of the big mine truck and dredge

Find out about the indicators Holmes watches to read the market's pulse, and why a +/- 35% move for gold doesn't keep him awake at night.

Rinehart's children launch Roy Hill ownership suit

Frik Els | November 11, 2014
Rinehart's children launch Roy Hill ownership suit

In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.

Weak oil price, currencies helping miners stay afloat

Frik Els | November 11, 2014

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

Yanzhou Coal injects $2.8bn into troubled Australian unit

Cecilia Jamasmie | November 10, 2014
Yanzhou Coal injects $2.8bn into troubled Australian unit

In an attempt to keep Yancoal afloat as coal prices trade near multi-year lows.

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