Coal News

Coal mining, investment and price news

Mining stocks rally across the board

Frik Els | December 18, 2014
Mining stocks rally across the board

Huge advances in all sectors from potash and uranium to copper and gold led by a 10% surge in diversified Canadian heavyweight Teck Resources.

Turning point for coal? Japanese trading firms snap up coal assets

Reuters | December 21, 2014

A flurry of acquisitions of high-quality coal assets by Japanese firms in recent weeks signals that some trading houses at least are betting a depressed coal market where prices have halved in three years may be bottoming out.

US coal mines nearing record low in worker deaths

Associated Press | December 21, 2014

Less than five years after an explosion fueled by excess coal dust killed 29 men deep inside a West Virginia underground mine, the nation's coal mines are on pace for an all-time low in work-related deaths.

Joy Global beats forecasts, but sees 2015 as another challenging year

Cecilia Jamasmie | December 17, 2014
Joy Global beats forecasts, but sees 2015 as another challenging year

The Milwaukee-based equipment maker warns weak commodity prices and falling industry investment in new machinery will live on.

Coal of Africa extends date on Mooiplaats sale

Cecilia Jamasmie | December 17, 2014
Coal of Africa extends date on Mooiplaats sale

The transaction is now expected to be completed in the first quarter of 2015.

B.C. asks you to stuff stockings with local coal

Cecilia Jamasmie | December 16, 2014
B.C. ask you to stuff stockings with local coal

Coal, a major B.C. export, has been suffering from a global oversupply and falling prices. How is that for a reason to fill up your stockings with it? Hmm…

Be bold and seek the sizzle, says VSA Capital's Paul Renken

The Mining Report | December 16, 2014
mining open pit

He seeks the "sizzle," or the narrative, in mining equities because the sizzle moves the story.

China lowers coal export levies to boost ailing economy

Cecilia Jamasmie | December 16, 2014
China lowers coal export levies to boost ailing economy

The country will cut export tariffs for coal from Jan. 1 as part of broader efforts to drive economic growth.

Environmental review begins on HD Mining's coal mine

Business in Vancouver | December 15, 2014
New Zealand's Pike River coal mine to remain close

A joint environmental review is now underway for a controversial underground coal mine proposed for Tumbler Ridge

China’s nuclear giant grabs majority stake in UK wind farms

Cecilia Jamasmie | December 15, 2014
China’s nuclear giant grabs majority stake in UK wind farms

The deal marks China General Nuclear Power's first big acquisition of onshore wind generating capacity in the west.

Environmental review begins on HD Mining’s coal mine

Business in Vancouver | December 15, 2014

A joint environmental review is now underway for a controversial underground coal mine proposed for Tumbler Ridge that would employ close to 500 temporary foreign workers in its first year of operation.

10 miners killed in China mine explosion

Associated Press | December 15, 2014

Ten Chinese miners were found dead Sunday hours after they were trapped underground in an explosion at a mine in the northeastern province of Heilongjiang, state media said.

South Africa may sell iron ore, BHP stakes worth $3bn

Frik Els | December 13, 2014
South Africa may sell iron ore and BHP shares worth $3bn

The country needs funds to keep the lights on, but buyers may be hard to come by.

PIC OF THE DAY: Gina Rinehart is an oil painting

Frik Els | December 12, 2014
PICTURE OF THE DAY: Gina Rinehart is an oil painting

The larger than life queen of coal and iron ore and her favourite daughter sit down for a feast.

India takes first step to end state coal monopoly

Cecilia Jamasmie | December 12, 2014
India takes first step to end to state coal monopoly

India’s Parliament has paved the way for private sector companies to mine coal commercially in the country.

Fourth Batista company goes bankrupt

Frik Els | December 10, 2014
Fourth Batista company goes bankrupt

Disgraced Brazilian tycoon once held 90% of power utility worth $3.2 billion just three years ago.

Glencore’s Glasenberg slams top iron ore producers once again

Cecilia Jamasmie | December 10, 2014
Glencore’s Glasenberg slams top iron producers once again

In his first investor day since buying Xstrata last year, Glencore’s boss highlighted his company’s spread of commodities and took aim at the expansion strategies of Rio Tinto and BHP Billiton.

Anglo American struggling to meet targets, mulls coal assets sale

Cecilia Jamasmie | December 9, 2014
Anglo American struggling to meet targets, mulls coal assets sale

Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.

Vale sells stake in Mozambique coal project to Mitsui for $763m

Cecilia Jamasmie | December 9, 2014
Vale sells stake in Mozambique coal project to Mitsui for $763m

Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.

From Babylon to beyond – human rights development in mining

Wardell Armstrong | December 8, 2014
human-rights-from-babilon-to-beyond

Whether it’s the development of a new mine in Central Africa or fracking in the English Home Counties, the scope for complex and sensitive human rights issues to arise is very real.

Trafigura bullish on strong results, hands $885m to top executives

Cecilia Jamasmie | December 8, 2014
Trafigura bullish on strong results, hands $885 to top executives

The buyback was revealed in the company’s annual report, which showed improved operating profits in spite of difficult market conditions in the last two years.

Forget ‘NewCo’: BHP Billiton spin-off named South32

Cecilia Jamasmie | December 8, 2014
Forget ‘NewCo’: BHP Billiton spin-off named South 32

The waiting game is over. BHP Billiton has named its Perth-based spin-off company, appointing Graham Kerr as its chief executive.

Patriot Coal issues WARN notices at West Kentucky operations

PR Newswire | December 7, 2014

Patriot Coal Corporation issued WARN Act notices to all employees at the Highland mining complex located near Henderson, Kentucky, and the Dodge Hill mining complex located near Sturgis, Kentucky.

Deep in coal country, many pondering a future without it

Associated Press | December 7, 2014

The rest of the house is just waking as Scottie Sizemore plops down in a rocking chair on his front porch with a cup of coffee. The sun has yet to crest the ridge above, where mist clings like clouds that couldn’t quite make it over.

US mining can't find workers fast enough

Frik Els | December 5, 2014
US mining can't find workers fast enough

More than 36% of the jobs in mining and logging stay open for longer than three months.

Sandvik relocates global equipment unit to India and China

Cecilia Jamasmie | December 5, 2014
Sandvik relocates global equipment unit to India and China

The firm is closing several facilities in the U.S. and Europe, as part of a two-year business reorganization set to conclude in the next fiscal.

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