Coal News

Coal mining, investment and price news

Polish coal miner slashes production forecast amid restructuring

Cecilia Jamasmie | October 20, 2014
Polish coal miner slashes production forecast amid restructuring

Announcement comes as Polish authorities work on a plan to group its loss-making mines into a “bad” or a “good” unit.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

TECO Energy sells coal subsidiary for $170 million

Cecilia Jamasmie | October 20, 2014
TECO Energy sells coal subsidiary for $170 million

The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.

Peabody swings to loss as coal prices plunge

Cecilia Jamasmie | October 20, 2014
Peabody swings to loss as coal prices plunge

While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Coal central to pivotal Kentucky Senate race

Andrew Topf | October 19, 2014
BHP-owned Aussie coal mine to lock workers out again

Eastern Kentucky could play a deciding role in a Senate race seen as important to establishing control of the United States Congress in upcoming mid-term elections.

Indonesia’s Choice: Coal vs. Environment

Epoch Times | October 19, 2014

Indonesia cannot build power stations fast enough. And neither can most of its Asian neighbours.

Visual Capitalist

INFOGRAPHIC: a year's worth of resources in BC

Visual Capitalist | October 17, 2014
autumn in the canadian northwest territories along ogilvie river and mountains

In response to popular demand from our home province of British Columbia, today we visualize the amount of natural resources extracted from BC each year.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

Cecilia Jamasmie | October 17, 2014
Cliffs the newest victim of iron ore price slump: to take $6bn charge

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

Renewables would boost First Nations’ support for mining in Ontario: poll

Cecilia Jamasmie | October 16, 2014
Renewables would boost First Nations’ support for mining in Ontario: poll

About 71% of the Northern Ontario First Nation community residents surveyed believe the provincial government is not doing enough to promote renewables.

Brazil’s iron ore giant MMX seeks bankruptcy protection

Cecilia Jamasmie | October 16, 2014
Brazil’s iron ore giant MMX seeks bankruptcy protection

Ex-billionaire Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Prestigious book prize saves author from mining

Frik Els | October 15, 2014
Prestigious book prize saves author from mining

Australian winner of Booker Prize said the $80,000 award means he doesn't have to become a mine worker anymore.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

INFOGRAPHIC: 10 ways the rich avoid the taxman

Visual Capitalist | October 15, 2014
Businessman running in park

Nobody likes taxes. However, when the super rich are stuck in forfeiting millions of dollars to taxes each year, they probably despise them even more than the average person.

Rio Tinto: what other consolidation options are there in the mining sector?

IG | October 14, 2014

Amongst the swathe of comment, reaction and analysis surrounding Glencore’s attempted takeover of Rio Tinto – revealed recently but rebuffed back in August – there was little surprise that Glencore would attempt such a move.

South Africa considers declaring certain minerals as strategic

Reuters | October 14, 2014

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price.

Coal unit retirements, conversions continue to sweep through power sector

SNL Energy | October 14, 2014
BHP-Mitsubishi axing 700 coal mining jobs

SNL Energy provides its latest update on past and future coal unit retirements in the U.S. electric power sector. The analysis now includes more in-depth data on coal unit conversions to alternate fuels.

COOL PIC OF THE DAY: Fixing the loader on a dump truck

Michael Allan McCrae | October 13, 2014
fording river mine outside of sparwood bc from mining mayhem 333

Welder at work.

PM Tony Abbott's 'coal is good for humanity' remarks derided

Michael Allan McCrae | October 13, 2014
twitter shadow

The Guardian and ABC News led with the remarks in its coverage.

Over 30,000 job applicants for newly-opened coal mine in Queensland

Michael Allan McCrae | October 13, 2014
abbot at caval ridge opening

The US$3.4 billion project is expected to produce up to 5.5 million tonnes metallurgical coal per year and create 500 jobs in Queensland.

Cecilia Jamasmie

China's new coal import tax a disaster for Australian miners

Cecilia Jamasmie | October 10, 2014
China's new coal import tax a disaster for Australian miners

The sudden reversion to protectionism is designed to save the local coal industry.

ContiCoal gets 'offers' for SA mines

Miningmx: Headline News | October 10, 2014

The fog hanging over the South African assets of Continental Coal may clear in the next few days in the wake of 'offers' for the mines.

Former Xstrata boss tried buying BHP’s coal division: report

Cecilia Jamasmie | October 10, 2014
Former Xstrata boss tried buying BHP’s coal division: report

It is unclear whether Mick Davis bid for all the assets that BHP ended up including in the new to-be listed firm.

Glencore considered Australia listing: report

Cecilia Jamasmie | October 9, 2014
Glencore considered Australia listing: report

The commodities trader and miner explored a stock-exchange listing Down Under.

LNG industry in B.C. no slam-dunk

Business in Vancouver | October 9, 2014
LNG industry in B.C. no slam-dunk

A new industry association representing oil and gas producers trying to develop a liquefied natural gas industry in British Columbia made its debut today with a warning: it’s no slam-dunk that LNG plants will be built in B.C.

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